October 2, 2017 News of the Day: GM Outlines Path to EVs and Zero Emissions, Bollinger Motors Surpasses 10,000 Reservations for its Electric Truck
GM Outlines its Path to EVs and Zero Emissions
DETROIT — General Motors announced today how it is executing on a major element of its vision of a world with zero crashes, zero emissions and zero congestion, recently announced by GM Chairman and CEO Mary Barra.
"General Motors believes in an all-electric future," said Mark Reuss, General Motors executive vice president of Product Development, Purchasing and Supply Chain. "Although that future won't happen overnight, GM is committed to driving increased usage and acceptance of electric vehicles through no-compromise solutions that meet our customers' needs."
In the next 18 months, GM will introduce two new all-electric vehicles based off learnings from the Chevrolet Bolt EV. They will be the first of at least 20 new all-electric vehicles that will launch by 2023.
Given customers' various needs, getting to a zero emissions future will require more than just battery electric technology. It will require a two-pronged approach to electrification — battery electric and hydrogen fuel cell electric depending on the unique requirements.
GM also introduced SURUS — the Silent Utility Rover Universal Superstructure — a fuel cell powered, four-wheel steer concept vehicle on a heavy-duty truck frame that's driven by two electric motors. With its capability and flexible architecture, SURUS could be used as a delivery vehicle, truck or even an ambulance — all emissions free.
Bollinger Motors Surpasses 10,000 Reservations for its Electric Truck
HOBART, N.Y., — Bollinger Motors announced today that they surpassed 10,000 reservations for their B1 all-electric sport utility truck over the weekend. The mark was eclipsed in 60 days by taking pre-orders from interested individuals on the bollingermotors.com website. These pre-orders represent hundreds of millions of dollars in potential revenue for the company from eventual vehicles sales.
"I can't believe we've reached this number of reservations so quickly. The media attention from our reveal in July was amazing and the thousands of emails from fans we keep getting are incredible," said Robert Bollinger, CEO Bollinger Motors. "I think we really built something unique. A lot of people from all over the US and the world want a tough, capable truck that's also electric and we can't wait to start production."
The company also announced that the Bollinger B1 will make its industry debut at the Specialty Equipment Manufacturer's Association (SEMA) show which runs from October 31st through November 3rd in Las Vegas.
Started in 2014, Bollinger Motors is a U.S. based company headquartered in New York State. The company makes the B1, the world's first all-electric, on-and-off-road sport utility truck (SUT). This medium-duty SUT is engineered from the ground up with an all-electric powertrain, unique storage options, all-aluminum chassis, adjustable air-suspension, and convertible cab panels. Interested individuals can reserve a spot in line with no money down at http://bollingermotors.com.
Chakratec and DBT-CEV Announce a Cooperation in Ultra Fast EV Charging
LOD, Israel — Chakratec, the Kinetic Energy Storage pioneer, and DBT Europe's leading EV Technology partner for AC and fast charging announced today their cooperation to offer and deliver DBT's Fast and Ultra-Fast EV charging stations combined with Chakratec's unlimited charge cycle and environmental friendly kinetic power booster.
Fast EV chargers have a great impact on the grid when charging with high power. The newly developed system between DBT-CEV and Chakratec connects a multi standard fast charger and a kinetic storage to a low power grid and boosts it times three. The objective is to avoid massive upgrade investments of the grid. The system can store energy while no EV is charging and transfer it into the batteries during the EV charging process.
The outstanding advantages of kinetic storage over chemical batteries are its capability of providing unlimited charge cycles and since not chemical, it is environmental friendly.
The power booster is modular, starting at 100kWp and scalable to multiple MWp.
This cooperation will enable both companies to offer fast chargers everywhere, including in areas with weak grid without affecting the grid.
"Car Manufacturers are announcing new EVs for next years to come and behind the curtain we are making it possible. These new electric versions will only sell if we are able to charge them safely, anywhere without stressing the grid. I am glad this collaboration allows chargers to be installed in remote location where upgrading the grid makes no sense. The product is high tech, high quality and environmentally friendly which is crucial in our industrial approach today," said Alexandre Borgoltz, Sales Director of DBT-CEV.
"After maturing our kinetic storage technology and our patents granted in the US, EU and Israel, Chakratec is accepting orders and preparing for deliveries of its power booster with fast EV chargers in 2018." says Nir Zohar, co-founder and VP Business Development of Chakratec. "Cooperating with DBT, and together accelerating the penetration of EVs by enabling fast EV charging everywhere is very exciting for us," he added.
Chakratec, established in 2013, brings to the energy storage market patented kinetic battery energy storage solution based on an innovative flywheel concept. Chakratec's kinetic battery, provides virtually limitless number of deep charge cycles over the full life time of 20 years. Chakratec is accelerating its sales and is looking for partners and pilot projects in Europe.
Ford Creates ‘Team Edison' to Accelerate Development of EVs
Ford Motor Co has formed a team to accelerate global development of electric vehicles, whose mission will be to "think big" and "make quicker decisions," an executive of the company said on Monday.
One aim of Ford's "Team Edison" is to identify and develop electric-vehicle partnerships with other companies, including suppliers, in some markets, according to Sherif Marakby, vice president of autonomous vehicles and electrification.
Global demand for electric vehicles has "a significant potential to increase" as governments implement EV mandates and quotas, Marakby said in an interview.
He said the group will be based in the Detroit area and work with regional Ford vehicle electrification teams in China and Europe.
China, India, France and the United Kingdom all have announced plans to phase out vehicles powered by combustion engines and fossil fuels between 2030 and 2040.
Marakby said Team Edison "will look holistically at the electric vehicle market."
"The idea is to think big, move fast and make quicker decisions" on EV production as demand increases and technology advances, he added.
Ford has not altered its previously announced plan to spend $4.5 billion over five years on electrified vehicles, including plug-in hybrids, Marakby said. He declined to say how many new electric vehicles Ford expects to add in the future.
The new team will report to Ted Cannis, who has been named global director of electrification.
GM Stock Hits a Record High on News of Self-Driving Cars by 2020
General Motors and its self-driving car potential is having a positive impact on its share price. The company's shares climbed Monday after Deutsche Bank said a meeting with the automaker's management "confirmed" expectations GM could launch self-driving vehicles "well ahead of competitors."
Shares of GM rose more than 4 percent Monday to a record, surpassing a previous high from December 2013.
"GM confirmed that their [autonomous vehicles] are on track for a critical milestone… they will be safely driving passengers in complex urban environments without a human backup driver within the next few quarters, well ahead of competitors," research analyst Rod Lache and a team of other analysts said in a Sunday report. "GM agreed with our suggestion that large scale commercial operations would start relatively soon (we expect this in 2020)."
The conversations with GM management also indicated the company plans to launch its own transportation service to compete with Lyft and Uber, Lache said. "GM does not intend to sell the technology to unaffiliated third parties; and GM appears to have thought through many details of how the [Transportation as a Service] will operate," he said.
Separately, GM said Monday that it is planning to roll out two new electric vehicles in the next 18 months, for a total of up to 20 all-electric vehicles over the next six years.
Lache also expects GM's autonomous vehicle operations will first launch in the "most lucrative markets" of densely populated cities at a cost of less than $1 per mile.
Last week, Lache upgraded GM's shares to buy from hold and said that he expects "GM's [autonomous vehicles] will be ready for commercial deployment, without human drivers, much sooner than widely expected (within quarters, not years); that businesses built off of this platform will ramp much faster than is widely expected; and that this will be material, even to a company of GM's size."
GM shares have risen more than 7 percent from the close on Friday, Sept. 22, through Monday morning trading. The stock is up 21 percent for the year.
Shares of electric car maker Tesla, which many see as leading the future of automobile development, fell half a percent Monday. However, the stock is up nearly 59 percent this year.
As of last Friday's close, GM had a market capitalization of about $61.5 billion, recovering its lead on Tesla's market cap of $56.5 billion after falling below Elon Musk's company in April.
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