Electric vehicles

Yeah, and hybrid minivans that get lower mileage than my smaller manual ice get to park in fuel efficient premium parking spots. Working as intended on the social righteousness front, for now.
 
Is "thermal car" the new term of choice for the vehicle previously known as car?
 
Does running the heat in an electric shorten the range significantly? They always seem cold as a witch's for a full third of the year.
 
I have said it before, I do not believe it. If software costs are in the billions then someone must be employing coders by the tens of thousands, and I do not see any car companies doing that.
Oh sadly, they have. VW’s software arm (Cariad) employed around 6,000 staff before the latest job losses and has racked up around 6-7 billion in cumulative losses.

A single software developer in Europe or US will have a total cost of employment of over a quarter of a million euros, so 6,000 staff is an annual burn rate of at least 1.5 billion.

Edit: last year alone, losses of 2.4 billion on revenues of 1.1 billion, suggesting cost of employment of around half a million per person.

 
Does running the heat in an electric shorten the range significantly? They always seem cold as a witch's for a full third of the year.
Afaik most EV cars use heat pumps both for cooling and heating, as home air conditioners and fridges, still the loss of range must be significant. Add lithium batteries having a narrow optimal temperature range, being less efficient bellow 15°C and above 35°C. So I wouldn't buy electric if I lived in extreme climates (neither nice climates tbh).
 
I drove a friend's Dacia Spring Mk1 (65HP) this Saturday and I found it a very nice ride. I impressed myself by not trying to reach for an inexistent clutch pedal or a manual shift gear box (although I did thought about doing just that:D). Quick enough to accelerate, very responsive break, actually the moment you lift the foot from the "gas" pedal the regenerative breaking kicks in and it's quicker to slow the speed than shifting gears down. The drive(D) position gets the car moving without pressing the accelerator like when you're using the clutch to move and ICE car slowly.
 

Jaguar Land Rover electric car whistleblower sacked​

The BBC has seen evidence the multinational corporation that owns Jaguar Land Rover (JLR) arranged for a whistleblower to be sacked for raising concerns about the safety of electric cars it designed.
Confidential emails between executives at Tata Group reveal they retaliated against mechanical engineer Hazar Denli for posting concerns on Reddit that lives were being put at risk. He was then blacklisted.
US authorities are now investigating an earlier model of the same car after 28 reports of safety defects and a crash in which a family-of-four were killed.
In response to a detailed right of reply letter from the BBC, both JLR and Tata Group declined to comment.

Mr Denli, from Milton Keynes, first raised concerns internally while working at a different division of Tata Group, its global engineering consultancy Tata Technologies.
He told the BBC that in test-driving prototypes, designed by Tata Technologies for Vietnamese car maker Vinfast, he identified improperly designed components in the car's chassis, including its suspension system.
At low mileages, some of them were snapping off, he said.
That created a risk that under stress, such as hitting a pothole at speed, the wheels could become misaligned, causing the car to veer to the left or right without prompting, and the driver could lose control, Mr Denli added.
"We saw, for example, the front strut-to-knuckle connection was loosening, which could be extremely dangerous," he said. "It could cause a loosening of the entire structure that could cause wheels to come off.
"In a crash scenario, it could be completely unsafe. It could cause the vehicle to lose control."

'Alarm bells'​

Mr Denli, a specialist in chassis design, was appointed to lead the engineering team working on the car's front suspension and chassis from September 2022, halfway through a design and testing phase he says had an unusually tight timetable.
He soon became concerned VinFast was cutting corners with safety, keeping costs down by employing a small team of inexperienced engineers.
His concerns grew when he heard three of his predecessors had quit after short spells on the project.
He says in February and March 2023, while running vigorous testing on VinFast cars at the Mira Technology Park near Nuneaton, two components snapped off and another two failed.
He reported the "extremely concerning" incidents to colleagues at Tata Technologies Limited (TTL), the consultancy's UK division, based in Leamington Spa, Warwickshire.
In subsequent testing, he alleges further components failed.
Mr Denli said they were failing after fewer than 25,000 km (15,534 miles), when normally they would be expected to last for at least 150,000 km (93,205 miles).
"In the drive units, some of the brackets were completely failing and falling out on to the road," he said. "We're talking one or two kilograms worth of aluminium.
"These [incidents] started causing alarm bells to go off just a short time before we we went into production."
He escalated his concerns to senior executives at TTL and VinFast and said he had recommended they redesign the faulty components and manufacture safer, higher quality parts.
That would have sharply boosted costs and required VinFast Group to postpone production of the car, he added.
But VinFast, which was preparing to sell shares in itself and raise funds by floating on the New York Stock Exchange, instead pushed ahead with production.
Mr Denli asked Tata Technologies to reassign him to another project but senior managers refused.
Unhappy to be associated with the VinFast car, he says, in May last year he resigned.

With his skills as a consultant engineer in demand, Mr Denli later found new work via an agency at JLR in Gaydon, also owned by the Tata Group.
But he said he kept seeing reports online appearing to show serious safety defects in earlier models of the same VinFast car – including a video that appeared to show a car reversing with no driver in it – and crashed cars where the wheels had come off.
In another report, a VinFast car at a showroom in Germany caught fire.
The same components he was testing in VinFast's VF6 and VF7 models had been carried over from two earlier models already on sale in the United States, Vietnam and Europe - the VF8 and VF9.
Then on 24 April this year, a family-of-four was killed in a crash in Pleasanton, California. Police reported the vehicle lost control, veered off the road, hit a pole and caught fire.
The following month, US safety regulator the National Highway Traffic Safety Administration (NHTSA), announced it was reviewing the VinFast VF8. VinFast said it was cooperating with the investigation.
The reports of the crash prompted Mr Denli to publish the posts on a Reddit account saying he had worked on the design of the car and it was a vehicle he believed endangered lives.
"I would get into every other vehicle I have designed from other brands… and every vehicle has flaws… But Vinfast, I wouldn't get into one… never will and I won't let my loved ones get into one either," he wrote.
Two months later, on 18 July this year, Mr Denli's contract at JLR was terminated.

Internal documents obtained through a Data Subject Access Request (DSAR) reveal a senior executive at his former employer Tata Technologies had been in touch with JLR executives to seek his dismissal.
After he saw the Reddit posts, Tata Technologies HR director Patrick Flood discussed his company's wish to have Mr Denli's new employment terminated with JLR's HR director and board member Dave Williams.
Mr Flood told Mr Williams that Tata Group's client VinFast had conducted its own investigation and identified Mr Denli as the author of the Reddit posts: "The concern is if he has done this now, he could do the same at JLR."
The same day he was sacked, Mr Denli was blacklisted on industry recruitment platform Magnit, which told JLR he had been "red-flagged" so any applications from him for other work via the platform would be automatically declined.
On 19 July, Mr Flood emailed JLR corporate investigators: "I just wanted to check whether the individual's services have been terminated with JLR?" The investigator confirmed they had.
The internal documents show another Tata Technologies engineer had also told JLR there were problems with components Mr Denli had warned about on Reddit.
Mr Denli said his bosses at JLR knew he had done nothing wrong in his JLR employment and told him he had been dismissed because Tata Group was embarrassed by his postings about its client, VinFast.
He is now taking JLR to an employment tribunal.
"I was distressed as to what was happening around the world where innocent people were paying the price - a very high price," he said.
"I thought that if some people would start to speak up about it, they would actually be forced to make some changes. Unfortunately, their response was not to make these improvements, but, 'Hey, who said this? Let's go and shut him up'."
On 12 September, the NHTSA launched an investigation into the Vinfast VF8.
It announced it was looking into 3,118 VinFast vehicles sold in the US after 14 drivers reported the Lane Keep Assist systems were flawed in VF8 cars bought in 2023 and 2024.
The NHTSA said the drivers reported the system "has difficulty detecting lanes on the roadway, provides improper steering inputs and is difficult to override by the driver".
VinFast said it would cooperate fully with the NHTSA throughout this process.
"We take all safety concerns seriously and will continue to monitor the situation closely," VinFast told Reuters, expressing the company's confidence in its safety standards.
The number of reports of safety issues received by the NHTSA has now grown to 28.

Parliamentary bill to support whistleblowers​

In UK employment law, workers have some protection from employer retaliation if they disclose information they reasonably believe shows the health and safety of any individual is likely to be endangered.
Under the Public Interest Disclosure at Work Act 1998, any clause in a contract that seeks to bind them to silence is void.
However, there is growing pressure in Parliament for stronger safeguards for whistleblowers amid concerns existing protections are too weak.
A bill will be introduced on Wednesday proposing to set up an Office of the Whistleblower to protect workers who speak up.
Supporters such as Baroness Susan Kramer, a former transport minister, says Mr Denli's case is not exceptional and underlines why the bill is needed.
"Whistleblowers very typically find themselves fired, blacklisted for future jobs and they pay a huge price in terms of their personal career," she said.
"It is not acceptable, because we need whistleblowers to deter wrongdoing and to expose wrongdoing."
Georgina Halford-Hall, chief executive of Whistleblowers UK, said: "This story is one of hundreds we hear every year from whistleblowers who have been rewarded for doing the right thing with retaliation.
"Currently whistleblowers have to decide between speaking up and their personal wellbeing. The best incentive that MPs can deliver is to ensure whistleblowers are properly protected and that wrongdoing will be investigated."
The BBC offered both Tata Group and JLR the opportunity to comment in detail.
Tata Group, the multinational corporation that owns JLR, did not respond.
JLR said it did not comment on ongoing legal proceedings.
VinFast said: "We do not interfere in the recruitment or HR activities of the Tata Group or its companies. We have no further comment on the matter."
https://www.bbc.com/news/articles/c20nr3zdppjo
 
Afaik most EV cars use heat pumps both for cooling and heating, as home air conditioners and fridges, still the loss of range must be significant. Add lithium batteries having a narrow optimal temperature range, being less efficient bellow 15°C and above 35°C. So I wouldn't buy electric if I lived in extreme climates (neither nice climates tbh).
Woof. 60F and above isn't even jacket weather depending on the activity!
 

Here they want us to use our cell phones as a screen, in China cheap electric cars will even bring Autopilot​

China is committed to the most advanced autonomous driving technology even in its low-cost models. It is the commitment of brands like BYD, which will launch this system even in its most economical cars.
European manufacturers have been trapped by a policy of selling electric cars at inflated prices, following the precept of "selling less but more expensive." A dead end that prevents achieving a sufficiently robust economy of scale, which China has achieved where even low-cost models will have high-tech elements , such as the most advanced driving aids.

And last year we talked to you about how in Europe , brands wanted to offer reasonably priced proposals, at the cost of minimizing the equipment and characteristics of the vehicles. For example, eliminating the central screen, where the customer would place their mobile phone to act as an infotainment system.
But in China they go at a different pace. An example is the announcement just released by BYD, the country's main manufacturer, which has confirmed that all its models will have the self-driving system this year.

And when we say all, we mean from the small and economical Seagull, which starts there at less than 10,000 euros, to the luxurious Yangwang.

BYD will offer Navigate on Autopilot across its entire range​

BYD will begin offering NOA (Navigate on Autopilot) intelligent driving throughout its offering this year. With this move, the Chinese manufacturer has indicated that it wants to democratize access to level 2+ intelligent driving, installing it even in the cheapest models in its range.

This movement serves a very specific reason, and that is that despite leading the market in terms of volume, BYD has fallen a little behind the competition in the aspect of autonomous driving. A section increasingly valued by Chinese customers.

BYD collaborated with several suppliers, such as the drone manufacturer DJI , or one of the main references in the sector, Huawei. The objective is to develop a system that fits not only in the most expensive models, but also to be able to design software and hardware compatible with low-cost models as well.
The policy change in this section began in September 2023, when BYD created the ADAS intelligent driving team, which now consists of 1,300 people. In January 2024, the company announced that it would invest €13.25 billion in its development.

BYD's ADAS team focuses on the development of intelligent urban driving (CNOA – City Navigate on Autopilot) and intelligent highway driving (HNOA – Highway Navigate of Autopilot).

This set has elements such as a system called 7/11, with a trifocal set made up of 7 long-range front cameras , and four 360 view cameras, for tasks such as parking.
Industry experts did not expect BYD to move so quickly. If BYD manages to reduce the cost and install its system in the medium and low models in the first half of 2025, as planned, it will be a real blow on the table against its rivals.

One of the models that has just been updated is precisely the Seagull , which according to photos leaked by the Chinese Ministry of Information showed the presence of new cameras in the small, low-cost city, which this year will be able to count on this type of help to driving, especially useful in your case to move autonomously during traffic jams in cities.

A new point in its favour that clashes with the Europeans' policy of reducing equipment and maintaining high prices, which will undoubtedly cause a real impact when these low-cost, high-tech Chinese cars arrive in Europe.
 
Interesting data from JATO, I am not going to copy paste here as it has to many statistics boards that look too much like pain to copy and paste them all,but hey it's unwalled:D
 
Five minute review of a $5.5k electric car, the Wuling Hongguang EV hatchback made sort of by GM. 100 kph, 200 km range (300 with the bigger battery, costing more), 50 kph in 4.9 seconds, rear wheel drive. You have to wonder why western car manufacturers are failing to provide the EVs people want.

Spoiler youtube :
 
Not enough profit in cheap cars.
 
Translation courtesy of google auto translate

Extreme prices on Chinese car parts​

EXPENSIVE : The parts on Hongqi in particular are very expensive.

Door: 45,000 kroner

Extreme prices on Chinese car parts​

The Chinese car manufacturer Hongqi has very expensive car parts: A tailgate for 40,000 kroner and a side door for 45,000 kroner. – It's absolutely crazy, says an industry insider.​

Expensive car parts​

In a series of reports, Motor focuses on expensive car parts. The first article was about Jørgen Gunnestad , who got a shock when he was about to replace two small shock absorbers.

Prices for auto parts are at record highs, but some automakers are worse off than others.

In Brumunddal in the Inland region, general manager Karl Morten Dalen of Grønvolds Bil-Demontering sees how high the damage rates can be, especially on Chinese car models.

– The prices of parts have become higher for most car brands. But some Chinese car brands, and especially Hongqi, stand out. Hongqi has parts prices that are completely beyond compare, says Dalen, who has worked in car parts sales for nearly 20 years.

He looks up damage estimates, and shares the following examples with Motor on prices for parts for Hongqi's model E-HS9 :

  • Grill : 28,000 kroner.
  • Tailgate : 40,000 kroner
  • The rear bumper (which is only plastic, as he points out): 33,000 kroner
  • Side door : 45,000 kroner

– Absolutely wild​

– It's absolutely crazy. The parts prices for Hongqi are so extremely high, and parts access is so difficult, that I know of car dealers who take the parts they need from other Hongqis, which are actually for sale, in order to keep cars on the roads.

Dalen also finds prices for car parts for other car brands, to illustrate how expensive the Chinese car manufacturer's prices actually are:

– The side door on a premium car brand, such as Audi, costs an average of around 20,000 kroner. On the Tesla Model X, the largest Tesla, a rear side door costs 14,000 kroner. On the Hongqi, that is 45,000 kroner.

43,000 kr.​

Hongqi's importer "Motor Gruppen Import" states these prices for the same car parts:

  • Grill : 26,000 kroner.
  • Tailgate : 40,000 kroner
  • Rear bumper : 33,000 kroner
  • Side door : 43,000 kroner

  • (The prices that both the importer and Dalen state are rounded to the nearest 1000. The prices are, as you can see, almost identical).

305213.webp



ELECTRIC CARS : These cars have been redeemed by insurance companies, many of them due to high parts prices. Photo: GEIR RØED

– Quality car​

Marketing Director Hans Petter Aalmo at the Hongqi importer points out that Hongqi's model E-HS9 is a quality car.

– It is a large premium car produced in relatively small numbers, and not mass-produced in hundreds of thousands. Many components are built in more expensive material quality, for example aluminum instead of steel. The parts are also large, and shipping prices have increased significantly in recent years, says Aalmo.

He points out that as an importer they do not appreciate the parts.

– It is done by dealers and workshops.

He believes this may also be the reason for the minor differences in the price examples.

– There may also be some differences between the different equipment levels.

Hans Petter Aalmo at the Hongqi importer points out that Hongqi's parts availability has improved, with more deliveries from the manufacturer. In addition, a European parts center is being established in the Netherlands, in addition to a parts warehouse in Drammen, he says.

– Turbulent​

General Manager William Thoresen of Delespecalisten sees the same development as Grønvold's Bil-Demontering.

– The market for car parts has become very turbulent, and there are major price increases, says Thoresen

He points to currency changes, the Ukraine war, the corona pandemic and general price increases as explanations.

The parts specialist sells both original and non-original parts, mainly to the country's car repair shops, and has solid insight into the car parts market.

– We also see that there are big differences between car brands. The German and the established Asian car brands, from Japan and South Korea, are skilled at producing cars in a way that makes it easy to replace parts, and thus lowers the cost of replacing car parts. For several of the new Chinese brands, both the car parts and repairs are more expensive, he says.

Exception​


However, the parts specialist also sees a big difference between the new Chinese car brands, both in terms of car parts and service costs.

– Some of the new Chinese ones are more affordable than others, he points out.

The biggest car brands are not among the most expensive, quite the opposite.

– We see that the VAG brands have a reasonable price increase, and Tesla has only had minor price changes, although Tesla has also updated its prices.

But even though the parts on an Audi are not among the most expensive, they also cost a lot.

See what Karl Morten Dalen of Grønvolds Bil-Demontering says in this video about this Audi, which has just been sent to the car scrapyard:

The only visible defect with this Audi that Motor saw was dents in the driver's door. Dalen didn't know what was wrong with the car either when we looked at it.

Tesla and Mazda​

Grønvolds Bil-Demontering buys approximately 1,500 newer insurance-condemned cars and approximately 1,100 salvage cars annually. From these cars they extract parts, which are sold to workshops and private individuals.

On the site outside Brumunddal, there are 800 cars stored on floors in a huge area at any given time.

CEO Karl Morten Dalen points out that in general, the well-established car brands and Tesla have more affordable body parts.

– Tesla and Mazda are very affordable, BMW also doesn't have as high prices as many people think, he says when we ask for examples.

Wrecking the cars​


For car customers who have purchased Chinese car brands with high parts prices, the consequences can be significant when car owners have to pay for the car parts themselves, after the warranty and complaint period has expired, or when insurance does not cover replacement.

Dalen tells of several cases he has seen where car owners choose to scrap their cars instead of repairing them because they cannot afford the expensive car parts.

– Here we also accept salvage cars from private individuals. Some of them still have outstanding loans on the cars they scrap, says Dalen.
 
Translation courtesy of google auto translate

Extreme prices on Chinese car parts​

My first thought with that is has he ever had a merc? I tried to actually find the cost of a new door on their web site, but they will not give you a price list. I am sure that is worse.
 
Hmmm...10,000 Swedish Kroner = about $900
 
Translation courtesy of google auto translate

The problem with electric vehicles isn't just lithium. There's another missing element​

Sometimes it is difficult to understand how dependent our lives are on some raw materials. We only realize this when it starts to run out. This is the case with copper .

Copper is present in almost every aspect of our technological society, whether in electricity or electronics. Its properties such as excellent electrical conductivity make it the material of choice for these purposes.

The demand for copper has therefore continued to grow and is set to explode in the coming years. The reasons? The accelerated growth not only of green technologies but also of Artificial Intelligence.
copper
© IEFThe price of copper peaked in May 2024 at approximately €10.7/kg. But by the end of last year it had fallen to approximately €8.6/kg.
In the first case we can include almost everything, from 100% electric cars to wind turbines; in the second case, it is the giant data centers that require equally phenomenal amounts of this metal.

The truth is that demand is already at historic highs and forecasts put forward by the UBS bank say that, this year, the deficit in copper supply will be more than 200 thousand tons. And it only promises to grow in the coming years, according to industry forecasts.

How many kilos of copper are there in a car?​


Cars are a good example of how we will need much larger amounts of copper than we already have. Even if you are driving a car with only a combustion engine, you are already carrying around 23 kg of copper in the vehicle (wiring, alternator, etc.).


The numbers are put forward by the International Copper Association and say that, if you have a 100% electric car, the amount of copper almost quadruples to around 83 kg (motors, batteries, etc.). Hybrids are somewhere in between: around 40 kg and 60 kg respectively for hybrids and plug-in hybrids .

Copper's Role in Electric Vehicles


The problem is further compounded by the fact that electric cars and plug-in hybrids require chargers that also require copper: it can range from 700g to 8kg on a fast charger.

And, as we have already reported, sales of electric and hybrid cars in the world have not stopped growing : in 2024, global sales increased by 25% compared to the previous year (source: Rho Motion ). And the trend is expected to continue in the coming years.

The figures provided by the International Copper Association are enlightening: in 2017 there were three million electric and hybrid vehicles (cars and buses) in the world; in 2027 it is estimated that they will rise to 27 million. This translates into a jump from 185 thousand tons of copper used (only electric and hybrid vehicles) in 2017 to 1.74 million tons in 2027 (estimated value) — almost 10 times more.

The ambition to move towards the total electrification of automobiles over the next few decades means that we may also be heading towards a raw materials crisis.

“The goal of being 100% electric by 2035 will not be achieved without an unprecedented acceleration in copper mining.”

Joseph McMonigle, Secretary General of the International Energy Forum

More mines are needed​


A few years ago the hot topic in the automotive industry was the lack of lithium to make the batteries for all the electric cars that will need to be made. This problem persists — as with copper, we are heading towards a worrying lithium supply deficit.

Morenci Mine, USA
© PhilcomanforterieCopper mine in Morenci, Arizona, USA
The problem, however, is not the lack of copper and lithium on the planet, but the capacity to extract these raw materials. We simply do not have the installed mining capacity to meet the growing demand.


“Demand for copper is expected to surpass global production by 2025, marking a turning point in the material’s ability to meet global needs for the energy transition.”

Robert Wares, President and CEO, Osisko Metals

If the problem is a lack of mines, why don't they open more? Well, it's not that simple. It takes, on average, 23 years for a copper mine to become active (from the discovery of deposits to the start of operations). And demand is growing much faster than the number of new mines.

The International Energy Forum (IEF) has released a study that shows the height of the mountain that needs to be climbed.

Even when considering a scenario in which nothing changes, without green initiatives, to cover the copper needs forecast for between 2018 and 2050, it would be necessary to increase production by 115% in relation to all the copper produced by humanity until 2018.

Yes, in 32 years we would have to produce more copper — an estimated 260 million tons — than has ever been produced in all of history. This alone would require the opening of 1.1 copper mines per year.
The point is that we are investing heavily in electric mobility and in multiple green initiatives, such as investing in wind energy.

Considering a scenario where electric cars predominate, the IEF predicts that it will be necessary to produce around 404 million tons of copper in the same period (2018-2050). Which is equivalent to opening 1.7 mines per year. If we want to achieve carbon neutrality, the need for copper would explode: 1.46 billion tons between 2018 and 2050 and the opening of six new mines per year.

All things considered, the IEF predicts, depending on the scenario, the opening of between 35 and 194 copper mines by 2050.

Are there any solutions?​

All predicted scenarios imply an increase in demand for copper in the coming decades. Demand already exceeds supply and will continue to do so. The only viable solution to meet this demand is to increase the number of mines, but the IEF proposes a solution to manage the growth in demand.

This does not involve recycling: it is already common practice in the industry. The International Copper Association says that, currently, more than 30% of copper used is recycled, while the European Union says that 44% of member states' copper demand comes from recycled sources.

The solution proposed by IEF is to change the focus from electric cars to hybrid cars (which do not need to be plugged in).
Toyota Prius first generation
© ToyotaThe future in 1997 looks to continue to be the best solution for our future in 2025: hybrids.
Since they require roughly half the copper needed for a 100% electric vehicle, this will have a significant impact on demand. “As a transition technology, hybrids enable a gradual transition to full electrification while copper production increases,” the IEF study reads.

Furthermore, they already allow us to move towards reducing greenhouse gas emissions, as desired. Not only in terms of use — they are around 30% more efficient than combustion-only cars — but also in terms of production, when compared to electric cars.

Are there more solutions?​

There is no solution that effectively solves the problem, but there is one that can also mitigate the problem: the evolution of the electric car itself. A report by Benchmark Mineral Intelligence shows that there is a trend towards reducing the amount of copper used by each electric car .

According to the consultancy, in 2015 an electric car required, on average, 99 kg of copper, but this value has been decreasing and, in 2030, this value is expected to fall to 62 kg (minus 37%). The decrease is justified by several reasons.

One of them is the continuous improvement in the efficiency of the various components of electric (and hybrid) vehicles. This increasing efficiency makes it possible to reduce the amount of copper used, whether in the windings of electric motors or in the thickness of the copper sheets used in battery anodes.
Furthermore, alternative materials to copper, such as aluminum, are already starting to be used (wiring and charging cables, for example). Not only is it lighter, but it's also cheaper. But it has some limitations, as it needs to take up more space to achieve the same level of conductivity.

That said, Benchmark Mineral Intelligence acknowledges that even considering the reduction in the amount of copper per car, the continued increase in electric vehicle production will not prevent the rise in demand for copper.

Its projections indicate that it will grow 177% between 2023 and 2030, reaching 2.5 million tons per year.
 

EV maker Nikola goes bankrupt, to sell assets as cash burn takes toll​

Feb 19 (Reuters) - Nikola (NKLA.O)
, opens new tab said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest electric-vehicle maker to stumble after grappling with tepid demand, rapid cash burn and funding challenges.
The development ends a challenging journey, which included several leadership changes, a plummeting share value and short-seller allegations.
EV firms that went public during the pandemic, promising to revolutionize the sector, such as Fisker, Proterra and Lordstown Motors have filed for bankruptcy in recent years as funding for the capital-intensive operations dried up due to high interest rates and flagging demand.

"Like other companies in the electric vehicle industry, we have faced various market and macroeconomic factors that have impacted our ability to operate," CEO Steve Girsky said in a statement.
"Unfortunately, our very best efforts have not been enough to overcome these significant challenges," he added.
Elon Musk-led EV pioneer Tesla (TSLA.O)
, opens new tab reported its first drop in annual sales in 2024 as high borrowing costs and an aging lineup crimped demand, despite offers and incentives.
Nikola, which started off making battery-powered semi trucks and pivoted to electric trucks that use hydrogen, said it decided to initiate a sale process of its assets to maximize value and ensure an orderly wind down.

The firm will continue some operations for trucks in the field and some hydrogen-fueling operations through the end of March.
Nikola listed assets of between $500 million and $1 billion, and estimated its liabilities were between $1 billion and $10 billion, according to a court filing.
Phoenix, Arizona-based Nikola was founded more than a decade ago. It went public in June 2020 and delivered its first vehicle in the December of the following year.
Nikola ramped up production of its hydrogen-powered trucks in 2024, but still lost hundreds of thousands of dollars on every vehicle sold as fleet operators were reluctant to invest in electric truck adoption amid high borrowing costs.

The stock fell about 45% on Wednesday premarket to around 41 cents.

STRUGGLING FINANCES​

In the early days of the pandemic, Nikola struggled to increase its rate of production due to supply chain snags. High costs related to the ramp-up of manufacturing aggravated its woes.
Nikola's cash and cash equivalents dropped sharply to $198.3 million at the end of September, compared with $464.7 million at the end of 2023.
On Wednesday, the company said it was entering Chapter 11 proceedings with $47 million in cash on hand.
Its shares have lost more than 99% of their value since going public in 2020.
The stock has fallen below the $1-mark several times and the company resorted to a reverse stock split last year to comply with Nasdaq's listing rules.

SHORT-SELLER ALLEGATIONS​

Shortly after the company went public in 2020 through a merger with a blank-check company, it was hit by a scathing report by short-seller Hindenburg, which disbanded earlier this year. Nikola had denied the allegations.

The report alleged that Nikola had rolled one of its trucks down a hill, portraying it as a functioning truck that could run under its own power, misleading investors.
Founder Trevor Milton was convicted of fraud in 2022 and sentenced to four years in prison the following year.
 
That has been a scam that outlived its exposure by the feds. I do not understand how they lasted so long.

> TREVOR MILTON was sentenced by U.S. District Judge Edgardo Ramos to four years in prison for engaging in securities and wire fraud in connection with his scheme to defraud and mislead investors about the development of products and technology by the company he founded, Nikola Corporation (“Nikola”).

The Feds
 

Tesla Sales Falling Off a Cliff Globally, Including Germany, Australia, and China

The situation only worsened in February. Sales were down a staggering 76.3% compared to February 2024, with just 1,429 units sold. Through January and February, Tesla has delivered 2,706 vehicles in Germany, marking a massive 70.6% drop from the same period last year. Tesla’s decline is even more pronounced when you consider that overall BEV sales in Germany climbed 30.8% in February.

Australia isn’t much better. Data from the nation’s Electric Vehicle Council shows that Tesla shifted 1,592 vehicles in February, a massive 71.9% decline from the 5,665 sold in February 2024. Through the first two months of the year, Tesla delivered 2,331 vehicles to Australians, a 65.5% decline from the 6,772 vehicles sold over the same two months in 2024.

And then there’s China, where things are also looking grim for Tesla in one of its most important markets worldwide. Preliminary data from China’s Passenger Car Association reveals that Tesla built and sold 30,688 vehicles in February 2025—a 49.16% drop from the 60,365 cars moved in February 2024.


Turns out there are a lot of people who don't want to buy cars from a company whose CEO makes Nazi salutes.
 
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