TEN 323 - PRESIDENT BIDEN ACTS ON CLIMATE CHANGE, STORE DOT, RIVIAN'S $2.65 BILLION INVESTMENT

EV Channels Review

This episode of TEN covers a wide array of electric vehicle news, starting with President Biden's re-entry into the Paris Agreement and cancellation of the Keystone XL pipeline, signaling a renewed focus on clean energy. Key automotive news includes Mercedes-Benz revealing the EQA compact crossover, though its range is noted as modest. General Motors is investing heavily in its Ontario facility for BrightDrop electric trucks, with first customer deliveries expected by year-end. StoreDot has delivered initial samples of its 5-minute fast-charging battery technology, though widespread commercialization is still years away. Porsche has launched an entry-level, rear-wheel-drive Taycan, offering competitive range options. Tesla's 4680 battery production line is showcased, hinting at future price drops. A significant partnership between GM's Cruise, Microsoft, and Honda aims to accelerate self-driving vehicle commercialization with a $2 billion investment round. Tesla is also offering an MCU upgrade for older S and X models, though some owners have reportedly received free replacements. Rivian secured another substantial $2.65 billion investment round, bolstering its path to production. Other news includes Volkswagen's Project Trinity tease, Elon Musk's $100 million carbon capture prize, updates on the Porsche Taycan 4S range, potential DeLorean EV replicas, the formation of Stellantis, Nissan's winter camper concept, and anticipated Tesla Model 3 tow hitches and adjustable suspension. BMW teases the i4, while Andy Palmer warns the UK about battery production needs. Tesla Model Y boosted California registrations, and electric bicycle sales are projected to triple in Europe. Ford is addressing quality checks for the Mustang Mach-E, and Volocopter is pursuing commercial air taxi certification.