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This week, Nissan invited a select group of writers up to Wine Country to test drive the pre-production models of its all-electric 2023 Ariya crossover SUV. This was my first experience in the Ariya and I was excited at the opportunity to try out Nissan’s AWD e-4ORCE technology. It did not disappoint. These upcoming Ariya EVs deserve a look as a viable EV option loaded with standard features you won’t find in many of its competitor’s EVs, but the automaker may still have trouble standing out from the pack.

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2023 hopes to be a promising year for the Nissan Ariya

The Ariya sits as Nissan’s first all-electric SUV and second BEV model behind the long-beloved LEAF. The compact crossover made its initial debut in the summer of 2020 as Nissan’s first EV on its new CMF-EV platform.

Production was slotted for 2021 but delayed until 2022 due to chip shortages brought about by the pandemic, but we did get a chance to test out a pre-production version of the FWD Ariya last spring, ahead of the first customer deliveries this past fall.

Mikey G’s impressions of the front wheel version were overall positive, but ever since then, I’ve been looking forward to experiencing Nissan’s e-4ORCE AWD technology after it was introduced around that same time. This week, I had that much-anticipated opportunity to experience plenty of driving throughout Sonoma County, California in a 2023 Ariya Platinum+ – Nissan’s top-tier trim of the crossover EV.

The 2023 AWD Nissan Ariya is a beyond adequate EV

In spending an entire day behind the wheel of the 2023 Ariya through the rolling hills of Northern California, the track at Sonoma Speedway, and the winding coastal roads of Bodega Bay, I can say with certainty that Nissan has produced an electric SUV that many consumers are going to love – whether they’re loyal to the Japanese brand already, or they’re making the switch over to it.

Nissan’s team told us that 62% of customers purchasing an Ariya are new to the brand, encouraging news for an automaker that has promised 27 new electrified models by 2030, 19 of which will be BEVs. I told them they’d better get a move on, but it’s nothing they’re not already aware of. We will save that story for another day.

For now, my focus, as well as Nissan’s, is on the 2023 Ariya, of which my Platinum+ e-4ORCE AWD version offered the following specs.

  • Powertrain: Dual Motor AWD with e-4ORCE
  • Battery Capacity: 91 kWh
  • EPA est. Range: 265 miles
  • Horsepower: 389 hp
  • Torque: 442 lb.-ft.
  • 0-60 mph: 4.8 seconds
  • Wheelbase: 109.3 inches
  • Max Cargo Capacity: 59.7 cubic-feet (3 golf bags)

Overall, this is a truly delightful SUV to drive as it offers all the comforts and technologies you want in an EV, placed intuitively in a comfortable environment throughout the cabin. From the haptic switches to the dual 12-inch displays on the dash, the Nissan team has found a nice balance of updatable touchscreen functions and physical switches on the dash and center console. Features like the retractable table in the center dash (see images below) contribute to the cabin’s versatility as an office or place for entertainment while charging or parked.

I found the driver’s display too busy at first, but quickly learned I could switch to different options, whether it was settings, or the radar display of cars around the Ariya, thanks to its ProPILOT Assist 2.0 ADAS – another huge perk worth noting.

I started off my drive down the freeway and had the opportunity to test out ProPILOT Assist hands-free driving and it couldn’t have been easier. I simply tapped a button on the steering wheel to activate the technology, then pushed “set” to engage it.

Like similar ADAS hands-free tech like BlueCruise and Super Cruise, ProPILOT Assist uses HD mapping, sonar, and radar on specifically programmed roadways, allowing for three different levels of driver assistance. The first is a white light shown on the driver display as well as across the top of the dash for passengers – that’s Intelligent Cruise Mode, similar to your typical lane assist.

Next, the Ariya switched to green, stepping in to drive, but requiring hands on the wheel and eyes on the road. From there, ProPILOT Assist moved to blue, which is hands-free driving with eyes on the road. I let this run for a solid 20 minutes with no issues and only had to step in one time due to a stream of cars merging from an on-ramp to my right. Check it out:

Like much of the design and technology in the 2023 Nissan Ariya, I found ProPILOT Assist 2.0 more than adequate and think its technology is well on its way to further autonomy – perhaps with the help of Luminar?

While ProPILOT Assist 2.0 was certainly a highlight of my drive in the Ariya, it’s Nissan’s e-4ORCE that stood out as the main feature to relay to you, readers.

e-4ORCE steals the show in this EV

As you can see from the specs above, the 2023 Nissan Ariya is not really a leading EV in any performance category. It can and will, by all means, compete with the likes of the Mustang Mach-E and Hyundai IONIQ 5, but where it can really stand out to consumers is with e-4ORCE… as long as they experience it themselves.

e-4ORCE is Nissan’s proprietary electric-drive four-wheel-control system that helps efficiently control driving force using integrated control of the front and rear motors and brakes. Per Nissan:

The system calculates the driving force required to turn, accelerate, and decelerate in response to the driver’s operation and in accordance with ever-changing driving and road conditions, then controls the driving force of the four wheels via the front and rear motors and the left and right brakes. This realizes driving from everyday driving to slippery road driving.

Our first stop on our drive was Sonoma Speedway, where the Nissan team had set up a short but sweet course for us to experience the unmatched stickiness of e-4ORCE. They wetted down a sharp turn on the course and advised me to give it hell (which I did) – and wow was I impressed. All that instant torque and speed coming around that bend, right when you feel like your back end is going to fishtail out, it simply corrects itself, stays on track, and keeps chuggin’.

This was the same through some slaloms which I also went full bore through. Again, there were zero doubts about my complete control of the crossover in keeping the shiny side facing up. That was an experience indeed, but I didn’t truly learn to appreciate the grip of e-4ORCE until I was driving from Bodega Bay back to Healdsburg through countless winding turns ranging from speed limits of 20 to 55 mph.

I admittedly put the 2023 Nissan Ariya through its paces whenever possible, and it stuck to every curve, wet road, and everything else I threw at it. I found myself accelerating much harder than usual through turns, and I just kept pushing it to no avail. Out of everything I experienced in this compact SUV, e-4ORCE is hands down the most impressive and exciting feature to me.

I think those who experience it themselves will agree, and this could be a huge selling point for Nissan, which is looking to catch up from previous Ariya production woes and get more of these EVs out into the world. But how do they do it?

You can read my words and read all about the technology that goes into e-4ORCE, but it’s something you have to experience for yourself to truly understand and appreciate. It might be a hurdle for Nissan to relay how innovative its AWD system is, but if it can succeed, it should wrangle even more customers.

e-4ORCE dominating a soaking wet turn at the Sonoma Speedway / Credit: Nissan

The 2023 Nissan Ariya is a viable option for consumers

After spending an entire day behind the wheel of the 2023 Nissan Ariya, I can see why the team is excited about its potential and its role as a sort of kicking-off point for its incoming lineup of BEVs. It’s off to a good start, especially with ADAS like ProPILOT Assist 2.0 and e-4ORCE.

I personally found the regenerative braking far too loose for my liking, as the EV never really comes to a full halt, and it will roll when you take your foot off the brake. Contrary to my preference, that sort of regen style could better serve consumers that are not used to one-pedal driving, so it sort of goes both ways.

The exterior and interior were well done, the cabin was quiet enough thanks to acoustic laminated glass, and I really liked the haptic switches, which I think blended nicely into the dash and center console. The overall specs leave a bit to be desired on paper, but when you’re actually driving the Ariya, the acceleration feels more than adequate and is quite fun when paired with e-4ORCE.

Granted, I was in the top-tier trim of the 2023 Ariya, but there are still plenty of amazing specs and features as you go down the row. In fact, the 2023 Ariya should do well in its specific compact SUV segment as Nissan offers a ton of features standard on its base level Engage FWD trim (which starts at $43,190). Other competitors charge thousands in add-on fees for features standard on every trim of the Ariya, such as Head Up Display (HUD), heated rear seats and steering wheel, plus ambient interior lighting.

Overall, I think the 2023 Ariya is an amazing option for consumers new to EVs or those who are perhaps coming from the Nissan LEAF or something comparable. Experienced EV drivers will certainly still enjoy the ride and the SUV’s features, but may not be as impressed on the performance side.

I’m looking forward to the next drive event with Nissan and can’t wait to see how e-4ORCE and ProPILOT Assist are further implemented and improved in future EVs. Remember, Nissan still has close to 20 models it needs to introduce in the next seven years. I’ll be watching and waiting!

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Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit

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Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit

Siemens Energy shares soared as much as 13% on Wednesday after the German renewables firm raised its forecast for the year and announced that the CEO of its troubled wind turbine unit will be replaced amid “comprehensive restructuring measures.”

It said in a statement that Jochen Eickholt at Siemens Gamesa informed the board that he will step down from his position as CEO by mutual agreement on July 31, and be succeeded by Vinod Philip.

“In a very difficult situation at Siemens Gamesa, Jochen laid the central foundations for the urgently needed reorganization and new start within Siemens Energy. It is only fair to emphasize that the causes of the quality problems did not fall under his tenure as CEO,” said Siemens Energy CEO Christian Bruch in a statement. 

It said that Gamesa had initiated comprehensive restructuring measures and “steps for long-term strategic development” in order to boost operating margins.

Strong demand for power grid equipment amid the company’s “success” in stabilizing the wind business led Siemens on Wednesday to raise its forecast for the year.

Power-generating Siemens 2.37 megawatt (MW) wind turbines are seen at the Ocotillo Wind Energy Facility California, May 29, 2020.

Bing Guan | Reuters

For the full year, the company now expects a comparable revenue growth between 10% and 12% and a profit margin before special items between negative 1% and positive 1%. It previously forecast comparable revenue growth between 3% and 7% and a profit margin before special items between negative 2% and positive 1%.

Shares of Siemens Energy traded 11.3% higher at around 9:45 a.m. London time.

Speaking to CNBC’s “Squawk Box Europe” on Wednesday, CEO Bruch said Siemens Energy had enjoyed a “good quarter,” citing “very positive” order momentum in energy. However, he warned the company still needed to work through some quality issues.

“We are tackling the things in wind. We have been working over the last two years on a lot of things. Jochen launched a lot of the right activities in terms of this operational turnaround. We knew it was going to take years for us to really get it back on track,” Bruch said.

“Going forward, we are going to be active in onshore and offshore. We are going to focus the business on offshore more. We hammer down on the volume product in offshore,” he added.

A tough 2023

Siemens Energy suffered a rough 2023. Problems with manufacturing faults at Gamesa forced the parent company to a 4.6 billion euro ($4.94 billion) loss for the fiscal year. An investigation into quality issues was launched at the wind turbine division.

In June, during a particularly turbulent time for the stock, Siemens Energy scrapped its profit forecast and warned that the costly failures at Gamesa could drag on for years.

Siemens Energy working through wind turbine quality issues, CFO says

The wind industry has expanded rapidly over the past two decades, lowering costs to rival — and sometimes undercut — those of fossil fuels, while boosting efficiency with ever-bigger turbines and reducing reliance on state subsidies. But the issues last year led investors to worry that Gamesa’s problems might be a symptom of a wider problem for the industry.

Meanwhile on Wednesday, Siemens Energy reported a net income of 108 million euros for the last quarter and raised its outlook on “stronger growth and positive cash development.” 

— CNBC’s Elliot Smith contributed to this article.

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Rivian (RIVN) Q1 results – revenue beat, earnings miss, Q4 profit reaffirmed

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Rivian (RIVN) Q1 results – revenue beat, earnings miss, Q4 profit reaffirmed

Rivian has released its Q1 2024 results, slightly beating analyst estimates on revenue, which grew sharply year-over-year, but with wider losses than expected and only slight gross margin improvement as it still hopes to turn some quarterly profit by the end of the year.

Electric truck maker Rivian announced its results after the bell today, capping off a quarter that has seen difficulty for some EV makers.

Rivian previously announced that deliveries remained flat between Q4 and Q1 at 13,588 units, but were up 71% since the same quarter last year. Rivian says it achieved 5.1% market share in US EVs in Q1, quite a feat for a company that sells only upmarket vehicles, with the R1S being the best-selling EV over $70k

Q1 tends to be a down quarter for vehicle deliveries, so year-over-year numbers are often used – though with EV makers experiencing rapid growth, quarterly numbers can still be useful.

Analysts estimated that Rivian would bring in $1.175 billion in revenue this quarter, with a loss of $1.15 per share.

Rivian’s actual results, announced today, show that it beat the analysts with $1.204 billion in revenue, but had wider losses than expected at -$1.48 per share. Revenue improved by 82% year-over-year. Rivian ended the quarter with $7,858 billion in cash, down from $9,368 billion at the end of Q4 2023.

Gross margin on vehicles improved slightly, with a loss of $38,784 per vehicle as opposed to $43,372 per vehicle in the previous quarter. The gross margin improvement shows progress, but gross margins are still worse than they were in Q2 and Q3 of last year, at -$32k and -$30k respectively.

However, Rivian has just completed a plant shutdown, which started on April 5, and thus isn’t captured in this quarter’s results. The plant reopened on May 1.

This shutdown was focused on retooling to improve margins, and Rivian says it could increase efficiency by 30%. Rivian sees “significant progress” on cost optimization already, and says that it expects slight positive gross profit in Q4 of this year. We’ll expect to hear more about how the shutdown went on the company’s earnings call at 2PM PDT/5PM EDT today.

It’s also the first earnings call since Rivian’s R2/R3 unveiling event. These are Rivian’s two upcoming vehicles, with which it plans to move downmarket and into higher volume spaces. The R2 will start around $45k in the first half of 2026, while the R3 timeline and cost have not yet been announced.

Along with that event, Rivian announced that it would move production forward for the R2, by building it at its existing plant in Normal, IL, rather than a planned future plant in Georgia. This will bring Normal’s production numbers up to 215k units of total capacity per year across all products.

The main reason for this is to reduce capex in the short-term by $2.25 billion, saving the company cash in a time where fundraising is more difficult than it has been in the past. Rivian also recently cut 1% of jobs in service of these cost savings.

As part of today’s release, Rivian also reduced capex guidance for 2024 to $1.2 billion, down from $1.75 billion. It expects to save money in 2025 and 2026 from the decision to move R2 production to Normal, as well.

Otherwise, Rivian reaffirmed its full year 2024 guidance of 57,000 units production and a $2.7 billion loss, though it expects slight gross profit in Q4.

Rivian (RIVN) closed down 0.77% today, after opening high in response to rumors about a partnership with Apple, but giving back the gains throughout the day. RIVN is currently down 2-3% in aftermarket trading as we await the earnings call, where we expect a question (and likely non-answer) about the Apple rumors.

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BYD’s home city in China now has more supercharging plugs than gas pumps

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BYD's home city in China now has more supercharging plugs than gas pumps

Shenzhen, the home of Chinese EV giant BYD, says it’s become the first in China to have more supercharging plugs than gas pumps.

As Electrek reported in April, BYD received direct government subsidies of “at least” $3.7 billion to grow its EV business and undercut the competition with aggressively low pricing. So all those cheap EVs need to be fast-charged, and what better place to expand than BYD’s home city?

In June 2023, Shenzhen unveiled its first fully liquid-cooled supercharging prototype station as part of its “City of Supercharging” plan, in which it set a goal to build as many supercharging stations as gas stations by 2025. And these “superchargers” aren’t just DC fast chargers – they can charge EVs to 80% in just 10 minutes.

Shenzhen had 362 supercharging stations as of April 30, according to the latest data released by the city, but it didn’t say how many gas pumps there are. They’ve been conveniently sited in commercial complexes, bus stops, and industrial parks.

According to data from the Southern Power Grid Shenzhen Power Supply Bureau, Shenzhen’s EV charging volume reached 670 million kilowatt-hours in Q1 2024, an 11% increase year-over-year. So, the city has to plan carefully so as not to overburden the grid as both EVs and superchargers rapidly come online.

The city of 12.5 million people has been an electrification leader for some time; in 2017, it completely electrified its bus fleet with more than 16,000 electric buses, and its taxis became electrified in 2019.

China leads the world in renewables and EV growth, but it’s also the No 1 emitter of harmful greenhouse gases.

Read more: In 2023, investment in clean energy manufacturing shot up 70% from 2022


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