“electric Vehicles Revolution: Charging Infrastructure Challenges And Solutions” – In other news, BYD’s quarterly profit rose 241% on demand for battery-powered cars, Ford took a $3.1 billion loss on its Rivian stake and cut 580 jobs in a corporate restructuring, and ABB agrees to provide the entire portfolio. Shell’s EV charging technology.
ZipCharge says it designs its chargers to be easy to use for personal use at home, work and other places – wherever a driver parks their car.
“electric Vehicles Revolution: Charging Infrastructure Challenges And Solutions”
With the widespread adoption of electric vehicles hampered by the inability to charge nearby or at home, and charging network rollout in some areas not happening fast enough, London-based ZipCharge has unveiled GoHub, the first portable EV charging infrastructure for shared public use. . Designed to increase flexibility and convenience especially for those without designated off-street parking, this modular portable charging station can turn any parking spot into a charging spot. The GoHub features ZipCharge Go EV power banks, first introduced at COP26 last November, and comes in 5-charge single-sided and double-sided 10-unit configurations. The lightweight 4 kWh ZipCharge Go power bank is the size of a compact wheeled suitcase that can be charged at the GoHub, at home or elsewhere using a standard household plug. ZipCharge Go provides up to 20 miles (32 km) of range in just over 30 minutes and can then be stored in the trunk of your car or at home. The Go rolling power bank can now be purchased directly for personal use or rented through the energy-as-a-service company’s GoHub model for £1, €1 or $1 per 4kWh charge with no connection fee. The fully modular design allows GoHubs to adapt to the needs of the local community and location, whether rural or urban. The solution includes more than 100 kWh of second-life batteries for storing clean energy such as wind and solar energy, which can be installed on top of the charging station structure and fed back into the grid thanks to bidirectional chargers. . The company says GoHubs will be three times cheaper and three times faster to install than fixed Level 2 street chargers, changing the payback period for public AC charging from 8-10 years to less than two. “We intend to create the world’s first vertically integrated energy point operator, serving hundreds of millions of people around the world, so everyone has access to convenient and cheap energy,” says ZipCharge co-founder Jonathan Carrier. “We predict that by 2030, our portable power banks will outsell fixed home chargers, just as mobile phones will overtake landlines. This is because the Go can be used not only to charge EVs, but is a portable energy storage device for personal energy management. We have a bold ambition to deploy 100,000 GoHubs globally by 2030 to support EV charging, local grid resilience and energy democracy.
The Missing Link: India’s Ev Revolution Is Waiting For Charging Stations
Bringing flexible and high-quality charging to millions of EV drivers is also the goal of ABB’s global framework agreement with energy company Shell. As part of the deal, the global technology company will supply its comprehensive portfolio of DC and AC charging stations, including the Terra 360, the world’s fastest all-in-one EV charger. The deal builds on a partnership between the two companies that began in 2019, which will see ABB E-mobility support Shell in creating a global charging network. The energy company has set itself the goal of deploying more than 500,000 charging points worldwide by 2025 and 2.5 million by 2030, whether in residential, commercial or own retail premises. To date, ABB has sold more than 680,000 EV chargers in more than 85 markets; over 30,000 DC fast chargers and 650,000 AC chargers, including those sold through Chargedot.
Another big announcement came from leading European carmaker Volkswagen Group and energy company bp, who have joined forces to fast-track electric car charging in Europe by 2024. bp Aral retail locations in Germany and bp UK retail locations over the next 24 months. By the end of 2024, up to 8,000 charging points could be available in Germany, the UK and other European countries. The flexible 150kW Volkswagen battery chargers, which have two charging points per unit, can be installed quickly as they do not require a high-voltage mains connection. The charging points will be integrated into the navigation and other automotive applications of VW, Seat and Škoda vehicles, as well as into the Volkswagen charging application, Elli, making it easier for drivers to find available charging points.
It’s around this time of year that a lot of quarterly reports keep coming, and the one released by Chinese electric car and battery manufacturer BYD is a welcome read. The company reported a net profit of 808 million yuan ($122.7 million) in the first quarter of 2022, up 241% from the same quarter last year. Revenue rose 63% to 66.8 billion yuan, boosted by demand for battery-powered cars. Sales of electric cars and plug-in hybrids hit a record high with 285,000 models sold in the first quarter, up 423% year-on-year. This includes 143,000 pure EVs (+270%) and 142,000 plug-in hybrids (+800%). Record sales of electric cars have helped offset higher raw material costs the industry is grappling with. BYD stopped the production of clean combustion vehicles at the beginning of this year.
Meanwhile, US carmaker Ford posted a first-quarter loss of $3.1 billion due to a sharp drop in the value of its stake in EV startup Rivian and a global chip shortage that limited production. Ford reported first-quarter sales of $34.5 billion, down from $36.2 billion a year earlier, with wholesale deliveries of nearly 970,000 vehicles, down 9% from a year ago. Higher new vehicle prices helped Ford offset some of the impact of lower sales. The net loss was primarily attributed to a $5.4 billion mid-market loss on the company’s investment in Rivian, which was valued at $10.6 billion at the end of 2021. Ford invested $500 million in Rivian in 2019, and the stock has soared since its initial public offering last year. Its shares were trading at around $100 at the end of 2021, but fell to around $31 as Rivian sought to ramp up production of 100,000 electric trucks for Amazon. Ford said its outlook for 2022 remains unchanged, expecting full-year earnings of $11.5 billion to $12.5 billion before taxes and certain other expenses. The automaker has pledged to reach a global production capacity of at least 600,000 EVs by the end of 2023, for which it is ramping up battery supplies, on its way to producing more than two million EVs annually by the end of 2026. Towards that goal, Ford has been forced to make some unpopular steps in its corporate restructuring. This week, the company announced it was cutting 580 engineering jobs across various combustion and electric vehicle engineering teams, including 350 salaried employees and 230 agency workers. Today, Ford has more than 182,000 employees worldwide.
Europe’s Electric Vehicle Revolution Stalls As Charging Infrastructure Lags
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