Volvo has begun prototype production of its next-generation luxury electric sedan, possibly called the ES90. The V551, as it’s internally known, will be built in China. This information comes via a leak from Volvo’s own internal board, with a photo of the V551 team proudly kneeling next to a giant “CONFIDENTIAL TOP SECRET” sign below a banner with the text “Volvo Cars V551 First VP Car Celebration.” Seems like pretty solid confirmation to us!
The news was initially reported by Swedish outlet TeknikensVärld. There are some noteworthy tech specs included, like a 111 kWh battery (107 kWh available), 600 km of range (372 miles), 3100mm wheelbase, 2600kg curb weight (around 5700 lbs), and two drive configurations: dual-motor all-wheel drive and single motor rear-wheel drive. According to the article, Volvo allegedly plans to start producing the ES90 in May 2024 (presumably, they mean pre-production), though retail availability isn’t planned until mid-2025.
The specifications of the ES90 would place it on the larger side of mid-size EV luxury sedans like the Mercedes EQE, BMW i5, Tesla Model S, and Lucid Air. As for the range, that number actually seems pretty realistic given the battery capacity and anticipated weight of the car, though we’re obviously a long way off from validating that in reality.
Volvo is investing heavily in electrification, and this car will supposedly be the first Volvo developed entirely by the company’s China-based R&D team. While many of Volvo’s electric models are built in China, including the EX30 we just drove, the company has retained a large engineering and design contingent in its home country of Sweden to date.
Electrek’s Take
Sedans are a tough sell in a crossover-first world. While a lot of folks online may clamor about their increased aerodynamic efficiency and lower rooflines, most consumers are currently SUV and CUV-crazy. The fact that Volvo has prioritized efforts like the EX30 and the upcoming EX90 is not at all surprising, and speaks to the decline of the sedan globally.
Still, there is space for a luxury sedan out there — Mercedes, Audi, BMW, and Porsche all produce high-end EV sedans, and these are the brands Volvo has traditionally positioned itself against as a “value” competitor, offering class-leading safety and comparable tech features at a lower price than the Germans.
Mid-2025, though, is a long ways off, and I suspect 372 miles of range won’t be all that impressive in a year-and-a-half. Will Volvo introduce an 800V architecture with this car? Will there be leading-edge autonomy features? Can it greatly undercut the existing luxury EV sedan space on pricing? There are a lot of unknowns here, and it seems we’ll be waiting a while to answer them.
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In a move that’s expected to play a crucial role in supporting the transition to medium- and heavy-duty electric vehicles, $100 million of the Biden Administration’s last-minute $635M payout is headed to Illinois to help build out an electric truck charging corridor.
Tesla is understood to have requested fully 40% of the $100MM award, with Prologis requesting $60 million, Gage Zero requesting $16 million, and Pilot requesting $10 million.
The project will facilitate the construction of 345 electric truck charging ports and pull-through truck charging stalls across 14 sites throughout Illinois, with each of the awarded companies putting up some of its own money to support the infrastructure buildout as well. To that end, Prologis is expected to invest $18 million, Tesla $19 million, Gage Zero $4 million, and Pilot travel stations committing $2.5 million.
“Most of the development has happened on the coasts, and there’s nothing really happening in the Midwest, which is not great for long-haul trucking,” said Megha Lakhchaura, Illinois’ state EV officer. “We think that this hub could be of national importance.”
The California Air Resource Board (CARB) has withdrawn its request to enact the proposed Advanced Clean Fleets rule, which required fleets that are “well-suited for electrification” to reduce emissions through the phase-in of Zero-Emission Vehicles (ZEVs) and the banning of commercial diesel sales after 2035.
“Frankly, given that the Trump administration has not been publicly supportive of some of the strategies that we have deployed in these regulations, we thought it would be prudent to pull back and consider our options,” CARB chair Liane Randolph said in an interview. “The withdrawal is an important step given the uncertainty presented by the incoming administration that previously attacked California’s programs to protect public health and the climate and has said will continue to oppose those programs.”
Here’s hoping the BEVs and ZEVs have better luck next round.
Electrek’s Take
While some may celebrate the delay of the Advanced Clean Fleets rule, their celebrations will undoubtedly prove to be myopic and short-lived. The reality is that America is no longer the world leader in technology or transportation that backward organizations like the American Trucking Association believe it to be, and the fact is that delaying a transition to cleaner, more efficient technology will only put the US further behind its economic rivals in Asia and the Middle East.
Even before this Pyrrhic victory for American truck brands that have been slow to push BEVs into production, demand for diesel was at a generational low, and companies like Volvo, Renault, and Mercedes-Benz have been logging millions of electric miles on their deployed trucking fleets.
All of which is to say: if you thought it was going to be hard for American brands to catch up before, it’s going to be even harder now.
In an official announcement released at 8:15PM last night, Walmart-backed electric van company Canoo filed a voluntary petition for relief under Chapter 7 of the US Bankruptcy Code and will cease operations immediately.
“We would like to thank the company’s employees for their dedication and hard work,” said Tony Aquila, Canoo CEO and one of the company’s largest investors (according to the press release). “We know that you believed in our company as we did. We are truly disappointed that things turned out as they did. We would also like to thank NASA, the Department of Defense, The United States Postal Service (‘USPS’), the State of Oklahoma and Walmart for their belief in our products and our company. This means a lot to everyone in the company.”
As a result of the chapter 7 filing, Canoo will cease operations effective immediately, 8:15PM on 17JAN2025. The next step in the company’s dissolution will see a court-appointed trustee manage the liquidation of the company’s remaining assets.
Electrek’s Take
Rumors fueled by outspoken former employees of Canoo began circling late last year, with furloughed employees urging Oklahoma state leaders to “hold the electric vehicle company accountable” after it shuttered the OK production line that had received more than $100 million in state incentives.
The same employee claims that the company was being wildly mismanaged, and that what few Canoo vehicles the company said it had built in the Oklahoma plant were actually built in Texas, and that no vehicles were actually ever built in OK. “Nothing was functioning,” the unnamed employee said, speaking to local news channel KFOR. “There was no, there was not one robotics line that actually worked to fabricate a part.”
You could argue that the employees should also be held accountable for happily collecting paychecks without actually producing anything this whole time, but that’s a conversation for another day. For now, I’ll be mourning the loss of what could have been a fun little domestic off-roader, and hoping Canoo’s employees find a soft landing and better jobs elsewhere.