“We don’t have the money in place. That’s why we need to secure Series D (…). It would be irresponsible to start moving earth or start anything until we have a financial runway to execute that professionally and with absolute integrity.”
Lucid Motors chief technology officer Peter Rawlinson explains why the EV newcomer is seeking money in yet another round of financing. Once secured, production of the Air EV is to start by 2019 in Arizona.
“Many fleet managers have an ever-growing list of responsibilities, in addition to company vehicles, including HR, procurement or purchasing. With the on-going backlash against diesel cars, fleets are having to consider adding EVs and PHEVs to their choice lists, and are having to address the added pressure of charging infrastructures, data and security issues.”
James O’Neill, UK director, Ensto Chago thus detailed the things to consider when opting to integrate PEV and charging infrastructure into fleets.
“While it was started by Tesla’s Gigafactory, 70 percent of this new capacity is being built in China by major producers such as BYD, ATL, and Lishen.”
Simon Moores, managing director of Benchmark Mineral Intelligence, on the rise of battery “megafactories”. While Tesla may be talked about the most, BMI’s research suggests that by 2020, China will host 62% of global production capacity for Li-ion cells.
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