AutoBeat Daily Newsletter
View this email in browser| VIEW LATEST ISSUE
Schaeffler - Mobility for tomorrow
Presented By: Schaeffler Group USA Inc.
Report: EV Production Cost Parity a Decade Away

Report: EV Production Cost Parity a Decade Away

Making small electric cars in Europe will cost more than building piston-powered vehicles for at least another 10 years.

The problem—no surprise—is the cost of the battery, says New York City-based consultancy Oliver Wyman in an analysis for the London-based Financial Times.

Chasing Lower Costs

The report says total average EV production costs will drop 20% to $19,100 by 2030.

That amount will still be 9% greater than the cost to build a comparable diesel or gasoline vehicle. The analysis predicts EVs will become cheaper than combustion-powered vehicles “not far beyond 2030,” the newspaper reports.

But that doesn’t mean ICE costs by then will be what they are now.

Other analyses have pointed out that the technologies needed to meet future emission ...READ MORE

Toyota, Honda Partner on Mobile Power Generation System

Japan’s two largest automakers, Toyota and Honda, normally don’t work together on advanced technology projects.

But when it’s for a good cause, they can find common development ground. That’s the case for the Moving e, a mobile power generation/output system that aims to assist communities that have lost power as a result of a severe storm or other natural disaster.

What is It?

The prototype mobile unit is based on the previous generation of Toyota’s FC fuel cell bus but is equipped with twice as many high-pressure hydrogen tanks. This allows the bus to generate as much as 454 kWh of power.

The electricity can be transferred to and stored in large-capacity portable batteries supplied by Honda. The devices can then be used to provide electricity to ...READ MORE

Who Needs an EV Battery Plant? Not Ford

Ford sees no advantage in building its own gazillion-dollar battery plant, at least for now.

Instead, the company intends to play the field for the lowest cost and best technologies to power its upcoming electrified cars.

“No Advantage”

Ford makes its position crystal clear, starting with outgoing CEO Jim Hackett. “There’s no advantage in ownership in terms of cost or sourcing,” he declares, pointing to the industry’s fast-growing capacity among existing battery cell makers based in China, Japan and South Korea.

Hau Thai-Tang, who heads Ford’s product development and purchasing, says a company-owned plant can’t be justified financially at annual production levels below 100,000-150,000 units.

Ford expects to get there at some point, ...READ MORE

Mitsubishi Motors Ex-Chairman Dies at Age 71

Osamu Masuko, who ran Mitsubishi Motors for the past 16 years as president and then CEO and chairman, has died at age 71 of heart failure.

Masuko stepped down as CEO in June 2019, turning that job over to Takao Kato. He relinquished the chairmanship early this month, citing health reasons.

Highs and Lows

Masuko’s senior leadership career included a scandal in 2016 about overstated fuel economy ratings. The revelation crushed MMC’s sales and prompted Nissan to step in and acquire a controlling 34% stake in the company.

Masuko worked closely with then-Nissan Chairman Carlos Ghosn to merge the two carmakers and, in 2017, add MMC to the Renault-Nissan alliance.

The alliance was badly shaken two years later when Ghosn, then chairman of all three companies, was arrested on ...READ MORE

Mahle, Inc.
New EV Application is All About the Money

German security specialist Prosegur transports more than $650 billion of cash and other valuables per year in its armored trucks.

This month, the company added an electric-powered model to its 900-unit fleet. The EV is said to be a world-first for an armored money truck.

And more are expected to be charging ahead soon. 


The vehicle is a modified version of MAN’s eTGE electric panel van, which debuted earlier this year. Stoof International fitted the Prosegur vehicle with FB3-class armor designed to withstand a shot from a .357 Magnum handgun.

MAN, which is part of Volkswagen’s Traton commercial truck unit, used a variety of lightweight materials to keep the fullsize van’s weight at 6,900 lbs (including the armor). The truck also features a variety of ...READ MORE

Gardner Business Media
6915 Valley Ave
Cincinnati, OH 45244
United States
Manage Email Preferences | Unsubscribe
Subscribe to AutoBeat magazine

Your privacy is important to Gardner Business Media, Inc. (GBM). Please review GBM's online Privacy Policy.

Trademarks: All trademarks and logos represented in this marketing message are the property of their respective owners.

© 2020 Gardner Business Media, Inc. All Rights Reserved.

Follow Us   Facebook   LinkedIn   Twitter   YouTube   Instagram

Email Marketing by ActiveCampaign