A Chinese media outlet is reporting that EV automaker NIO is recruiting the help of battery systems manufacturer, SVOLT Energy Technology Co., Ltd. Several sources state that NIO is recruiting the assistance from SVOLT to assist in the development of its own in-house large cylindrical EV batteries, which has reportedly decelerated as of late.
It’s interesting to hear that NIO may be struggling in the development of its large cylindrical batteries, because in many ways it has become one of the leaders in EV innovation in China… and possibly cell phones now, too?
A few months after that phone announcement in the spring of 2022, NIO founder, chairman, and CEO William Li shared plans for the company to begin developing its own batteries – more specifically, large cylindrical cells designed for an 800V EV platform targeting production in 2024.
At the time, Li said NIO has a team of around 400 in place to research, develop, and scale battery manufacturing, but it appears to have hit a snag. Meanwhile, SVOLT Energy, which exists as a battery division of fellow Chinese automaker Great Wall Motor, has been pushing battery chemistry and cell design to new levels overseas.
According to a new report, NIO is enlisting SVOLT’s expertise in batteries so the two can jointly develop the former’s in-house cells.
NIO and SVOLT exploring pilot line to build EV batteries
The report comes from 36kr out of China, which states that several people in the industry close to the matter are saying NIO is on the cusp of announcing a joint venture with SVOLT Energy to co-develop large cylindrical batteries.
In initial plan being reported is for both NIO and SVOLT to jointly invest in a pilot production line Maanshan, Anhui province – the same province as NIO’s current manufacturing hub in Hefei. Sources closes to the matter say NIO and SVOLT will merge some of their R&D teams, but their supply chains and manufacturing will remain separate.
One individual source told 36kr that the goal of the joint venture is to explore a pilot production line for NIO EV batteries, with scaled production now expected to commence in 2025. Additional verification and development is expected after the reported pilot line begins operations, hence the delay in reaching scale.
Neither NIO nor SVOLT have confirmed these reports yet.
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Zion National Park’s shuttle fleet has become one of the first bus fleets in the US to go all electric, and the first at a National Park.
Zion National Park in Southern Utah is renowned for its colorful canyons and arches, and is one of the “mighty five” national parks in the region showing off Utah’s natural beauty.
The park, which is largely situated around a narrow canyon, started getting more and more visitors in the 1990s, leading to traffic issues. This led the park to close off most park roads to private traffic, and institute a shuttle system to bring visitors through the canyon and back and forth from the town of Springdale just outside the park.
Those buses went into service in 2000, and helped to revitalize the park by reducing noise and pollution from traffic, which are always a scourge in beautiful natural areas.
“The remarks we got from visitors in the very first summer were fantastic. They said, ‘You have given us back the canyon.’ They said, ‘We can hear the birds sing and the air is fresh.’ No longer were the traffic jams fouling the air, impacting the soundscape, and diminishing the visitor experience.”
Jeff Bradybaugh, Zion National Park Superintendent
However, those buses ran on propane, so they were still noisy and contribute to the degradation of natural environments due to their use of fossil fuels.
Now, Zion has upgraded its entire fleet to all-electric buses, rather than the previous propane buses, becoming the first fleet at any National Park to do so.
The fleet includes 30 all-electric buses to replace the 39 previous propane buses. The new buses are more spacious, quieter, and include air conditioning and better disability accommodations, which the previous buses did not have.
Best of all, they’re also more efficient, and therefore contribute less to the climate change that has made Zion’s summer days hotter and hotter (as humans apparently refuse to stop poisoning the only home we have).
The fleet’s full conversion was announced this week, but the buses have already been operating and shuttling visitors. Over Labor Day weekend, they shuttled 97,000 riders through the park – saving a huge amount of car trips, exhaust, and noise that would have otherwise been required. Zion says each shuttle replaces 29 cars on its roads.
The buses were largely funded by the US Department of Transportation through a grant program for nationally significant federal lands.
While this is the first National Park bus fleet to go all-electric, the National Park Service is working to transition other large bus fleets, like those at Grand Canyon, Acadia, Yosemite, Bryce Canyon, and Harpers Ferry, to all-electric buses. This is all part of the Biden-Harris administration’s commitment to shift the entire federal fleet to electric vehicles.
And Zion hopes that it can serve as a role model for other bus fleets, whether federal or otherwise, and show how successful an all-electric bus fleet can be at reducing both air and noise pollution. “This is the state-of-the-art electric bus fleet in the country. It is going to set a standard for other national parks” said Robin Carnahan, administrator of the General Services Administration.
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The mad scientists over at Critical have taken a high-torque electric motor from an obscure motorcycle brand, stuffed it into a go-kart chassis, and created a life-altering wheelie machine that is truly and completely bonkers.
Critical is a YouTube channel and Instagram that does all sorts of crazy powersports stuff, and this latest build has to be one of their craziest yet.
“I’v [sic] taken apart a STARK VARG electric Motocross (80 Horsepowers, 938 Nm Torque) and placed the power train in a Go Kart,” reads Critical‘s video description – and, if you’ve ever spent real time in a proper racing kart, you already know how crazy/awesome that sounds.
Our own Micah Toll covered the STARK VARG donor vehicle back in 2021, calling the bikes revolutionary, “with specs that crush gas bikes.” And, while STARK hasn’t made much noise since, its massively powerful electric motors (at least) proved not to be vaporware! But, while the motor is interesting and the video is fun in a Song of the Sausage Creature kind of way, the kart’s not the real story here.
There’s a bigger story here than a 700 lb-ft kart, though (938 Nm = 691 lb-ft). And it’s playing out over at Dodge, come to think of it. And at drag strips all over America. Heck, even the Hemi faithful and the hillclimbers and the import tuner scenesters understands what’s coming – and that’s this: if you want to go fast, really, truly, pants-s**ttingly fast, you need to start taking electric power seriously.
That’s more than enough opining from me, though. Click play on that video up there, and revel in the smoke-free madness.
Khalid Al-Falih, Saudi Arabia’s investment minister, during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 8, 2023.
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Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green shoring” investment opportunities to woo foreign financing.
“There was many people who doubted the vision, the ambition, how broad and deep and comprehensive it is, and whether the development of a country like KSA who is so dependent for so many decades on a commodity business like oil would be able to do what we are aspiring to do with Vision 2030,” al-Falih told CNBC’s Steve Sedgwick on Saturday at the Ambrosetti Forum in Cernobbio, Italy.
One of the largest economies in the Middle East and a key U.S. ally in the region, Saudi Arabia has been shoring up investments in a bid to materialize Crown Prince Mohammed bin Salman’s Vision 2030 economic diversification program, which spans 14 giga-projects, including the Neom industrial complex.
Under this initiative, Riyadh seeks to pivot away from its historical dependence on oil revenues — which the International Monetary Fund now sees rising until 2026, before starting to descend — and hopes to draw financial flows in the domestic economy exceeding $3 trillion, as well as push foreign domestic investment to $100 billion a year by 2030.
The Saudi minister on Saturday said that, eight years into manifesting Vision 2030, the kingdom is now “more committed, more determined” to the program and has already implemented or is about to complete 87% of its targets. Critics of the plan have previously questioned whether Riyadh will successfully deliver on its goals by its stated deadline.
In recent years, the kingdom has been attempting to liberalize its market and improve its business environment with reforms to its investment and labor laws — but has also formulated less popular requirements for companies to set up their regional headquarters in Saudi Arabia to access government contracts.
The number of foreign investment licenses issued in Saudi Arabia nearly doubled in 2023, the IMF noted, with government data pointing to a 5.6% annual increase in net flows of foreign direct investment in the first quarter.
Concerns have nevertheless lingered over the potential uncertainty and unpredictability of the kingdom’s legal framework and its dispute resolution system for foreign investment. Al-Falih insisted that Saudi Arabia boasts predictability, as well as domestic political and economic stability.
‘Green shoring’
The Saudi investment minister said that part of Riyadh’s offering to foreign investors is the Saudi-coined initiative of “green shoring,” which seeks to decarbonize supply chains in areas with renewable energy resources.
“Green shoring is basically saying you need to do more of the high energy processing [and] manufacturing value add in areas where the materials, as well as the energy, are [located],” al-Falih said, adding that Saudi Arabia has the logistics, capital and infrastructure to achieve this.
Under Vision 2030, the world’s largest oil exporter aims to achieve net-zero emissions by 2060. Along with its neighbor, the United Arab Emirates — which hosted the 2023 gathering of the annual U.N. Conference of the Parties — Riyadh has been a high-profile presence at climate summits, but has still drawn questions over its commitment to decarbonization.
Riyadh — along with other members of the Organization of the Petroleum Exporting Countries oil alliance — has repeatedly called for the simultaneous use of hydrocarbons and green resources in order to avoid energy shortages throughout the global transition to net-zero emissions.
Some climate activists have also criticized Saudi Arabia’s promotion of solutions like carbon capture and storage (CCS) technologies as a smokescreen to push ahead with its lucrative oil business.
As part of “green shoring,” Saudi Arabia sets out to “address global supply chain resilience issues” and “build a new global economy that is certainly moving more electric, as we bring the copper, as we bring the lithium, the cobalt, the other critical materials, rare earth metals, as we address semiconductor shortages, green fertilizers, green chemicals,” al-Falih stressed.