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July 29, 2021
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EV Headlines
Mercedes-Benz
Mercedes-Benz maker, Daimler, plans to invest more than $47 billion in the EV market by 2030. From 2025, all new vehicle platforms will be electric. Late last week, Mercedes-Benz even teased an EV with over 620 miles of range but for now, the only proof we have is the picture above... For the Formula 1 fan, check out, F1 driver and EV enthusiast, Nico Rosberg's review of the EQS.
On their Q2 earnings call, Tesla discussed opening it’s charging network to other EV makers. For the U.S. charging network, where Tesla uses a proprietary charger and plug, this will require the use of an adapter by other EV owners. Tesla is hoping to have adapters ready for purchase by the end of the year and is looking at having adapters at the charging stations. Some slower charging EVs will have to pay a higher rate to disincentivize taking up spots for extended periods of time.
In other EV News
Rivian is looking for a 2nd US facility and raises an additional $2.5 billion.
Ford is set to open a 270,000 square foot facility in Romulus, MI next year.
Europe to boost EV battery production.
Minnesota becomes the first Midwest state to pass Clean Car standards.
EV Charging and Autonomous Snapshots
Lyft, Ford, and Argo AI are working together to commercialize AVs starting in Miami and later in Austin.
Investors have invested $11 billion into AV Truck startups in the past 2.5 years and $5 billion of that has come in the first 5 months of 2021.
Stop and Shop is adding 50+ EV chargers to stores in the northeast.
Mobileye is the only company approved for AV testing on public streets in NY.
The automobile industry in India is set to reach $300 billion by 2026. It’s no wonder they’ve seen a large number of AV startups.
Waymo joins the list of other AV companies opening an office in...
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