CBT News’ Post

Indeed, making EV more affordable is key to EV growth. People buy what they can afford. Producing these EVs at a cost that allows lower MSRP but reasonable profit margin requires better batteries (smaller) that cost less. That is exactly what OneD Battery Sciences SINANODE manufacturing delivers. We now have the EV cells to prove it. #evbatteries

More reflection on the great performance of Ford Pro

Ford Motor Company's Super Duty production takes a new route ⬇ 🚛 Ford has announced the expansion of its Super Duty truck production to its Oakville Assembly plant in Ontario, Canada, starting in 2026. This strategic move will add a capacity of about 100k units annually. 🔄 The decision delays plans for a three-row electric vehicle, initially slated for production at Oakville in 2027. Ford is investing $3B to boost Super Duty production across North American plants, with $2.3B allocated to Oakville for new assembly and integrated stamping operations. 🌍 Ford's pivot emphasizes its commitment to the profitable Super Duty line, catering to commercial customers. This includes a future electrified version of the Super Duty, though no timeline has been provided yet. 🏭 The expansion at Oakville will create 1,800 Canadian jobs, 400 more than initially planned for the three-row EV. Ford is also expanding its Kentucky Truck Plant and Ohio Assembly Plants to support this increased production. 🚗 Despite this shift, Ford continues to pursue electrification, focusing on hybrid options and next-gen EV development with its California-based skunk works team. The company is still refining its strategy for future EVs, emphasizing innovative approaches to remain competitive. 💬 Ford’s decision underscores its reliance on the Super Duty's profitability, as CEO Jim Farley mentioned, the challenge lies in balancing the demand for powerful trucks with the need for more efficient, smaller EVs. #EV #ICE #Automotive

Volkswagen is facing a critical period as it transitions to electric vehicles, with finance chief Arno Antlitz indicating the company has just a few years to reverse its current trajectory, according to Reuters. The automotive giant is experiencing declining sales in Europe and China, influenced by the rise of local competitors such as BYD. Despite these challenges, Volkswagen is poised for a significant development with the upcoming launch of the ID Buzz, an electric Kombi van, in Australia. How do you see Volkswagen’s transition impacting its market position? Read more at Drive: https://loom.ly/x8Y-PUQ

Jack Hollis from Toyota North America is reiterating what industry experts already know. Government intervention in a free market rarely ends well. Subvented "demand" via heavy taxpayer-paid incentives and unrealistic EPA emission regulations must end, allowing the customer to determine THEIR NEEDS. Toyota Motor Corporation, Toyota Canada Inc. Lets hope Mr. Trump can solve this quickly once in office. Tesla, Rivian, Lucid Motors will not be happy with termination of the $7500 tax credit, but its time for BEV to stand on its own. Maybe Elon already has an "arrangement with Donald? We'll soon see. Way too much, too soon, with politicians chasing a big, "shiny" political initiative, with detrimental effects on all legacy OEMs. Time to stand down. Ford Motor Company, General Motors, Volkswagen Group PLEASE NOTE: We are currently soliciting for OEM, DEALER GROUP, SUPPLIER, SaaS contracts/other projects. Feel free to reach out to me directly. 416.993.9356 [email protected] #automotive #automotiveindustry #innovation #brand #technology #leadership #ev #electricvehicle #retail #oem #hybrid

Toyota Motor Corporation has announced a significant investment in a battery plant in Greensboro, North Carolina, with a total cost of $13.9 billion, making it the largest electric vehicle (EV) commitment by a foreign manufacturer in #USA. The plant will be key to its electrification strategy, producing batteries for hybrid and electric vehicles starting in 2025. However, the return of Donald Trump to the presidency has raised concerns about the future of EV tax credits, creating uncertainty around these investments. Toyota's plant in North Carolina is considered a cornerstone for its transition to electric vehicles, especially given the company’s strong presence in the hybrid market in USA. While it has been slower to adopt fully electric vehicles, its plans include launching up to seven EV models in the next two years, starting in 2026 at a plant in Kentucky. Toyota's investment has been driven by Biden’s Inflation Reduction Act, which provides generous tax incentives for clean tech industries, but Trump's potential return could put these subsidies at risk, affecting both production and demand for electric vehicles. Despite these risks, Toyota has expressed its commitment to continue with its electrification strategy, regardless of political changes in the U.S. The company is betting on strong demand for both hybrids and EVs, leveraging its investment in batteries. This decision comes in the context of a long history of Japanese investments in North Carolina, which has been an attractive destination for foreign companies due to state support and economic stability. Even though Trump's return could cause political problems, Toyota is still committed to its electrification strategy in the U.S. The plant in North Carolina is a key part of its expansion of hybrid and electric vehicles. The strong U.S.-Japan relationship and the interest in diversifying supply chains outside of China could help mitigate the negative effects of potential changes in tax incentives. https://lnkd.in/d3hhWRFH

The slow agony of those who don't adapt quickly enough. One of the makes which is suffering the most from the transition to zero emissions is Ford, with a shrinking market in Europe, from 5.3% to below 3% in just three years, and not meeting next year's lower average emissions threshold in the EU will be a double whammy, with severe penalties expected. Ford's rection has been to retreat, with a shrinking product line and is now cutting its losses with a 14% reduction of its European workforce. Not sure that this is the way forward if they want to stay relevant; another American brand leaving Europe after GM? #adaptability #automotiveindustry #ev #transition

Ford faces a significant setback as Michigan slashes its state factory incentives by over 50%. This reduction comes after Ford scaled back its electrification plans, including downsizing investment in its EV battery factory. The tax breaks have been cut from $1.03 billion to $409.1 million. Additionally, Ford loses $772.8 million in tax breaks and $100.8 million in grants due to missed job creation targets. Despite these challenges, Ford's EV sales in the US have shown strong growth in Q2 2024. The company remains America's second-largest EV brand and plans to launch several new electric models in the coming quarters. https://lnkd.in/gtDvXNFw #Ford #EVIncentives #Michigan #ElectricVehicles #BatteryProduction #BlueOvalBattery #AutoIndustry #EVMarket #TaxBreaks #JobCreation #FordExplorer #LincolnAviator #MustangMachE #ETransit #USAutos #GreenMobility #EVAdoption #AutomanufacturingUSA #EVBatteries #SustainableTranspor

Mercedes values plunged as sales of new electric vehicles (EVs) went into freefall, net profits were down 21% on Friday. Porsche abandoned its sales targets for battery-powered cars amid waning demand from customers. Ford is losing nearly $50,000 (£39,000) on every EV it sells, while Tesla’s profits dropped 45pc. Meanwhile, battery manufacturers such as Germany’s Varta are getting wiped out. Economists have long warned that net zero provides a golden opportunity for waste and rent-seeking. But some elites chose not to listen. We should start holding them accountable. Lobbyists argued for the subsidies, civil servants supported them, and finance ministers enthusiastically virtue signalled with other people’s money. https://lnkd.in/gAtN8XYr

People who seek power will take noble ideas and exploit them to achieve an ulterior motive to advance an agenda that would never gain approval of a knowing public. That is what has happened with the Green New Deal and the EV mandate. The free market has rejected this concept. Not that it is a bad idea. Rather it is not fully developed and therefore not a reliable method for a typical consumer. No mandates will overcome this position. Given the amount of waste involved here, an enlightened public will further scrutinize the EV concept. This likely sets the development of EV’s back a decade. I think Tesla is a victim here. They lost market share in an industry that was mostly theirs which got blown up with a bubble of taxpayer money that is now going to dry up. Where do EV’s go from here?