HYUNDAI IONIQ 6, RIMAC'S TOP-SPEED RECORD, AND MORE

EV Channels Review

This episode of the EV Resource Podcast covers several significant developments in the electric vehicle industry. The Hyundai Ioniq 6 is highlighted for its exceptional demand, selling out its limited First Edition units within 24 hours, underscoring its aerodynamic design, impressive range (379 miles WLTP), and its position as a strong contender on the 800-volt E-GMP platform. General Motors is making strides, with CEO Mary Barra announcing expectations for EV profits to align with traditional internal combustion engine vehicles by 2025, partly due to the Inflation Reduction Act's incentives. Conversely, Volkswagen's Project Trinity faces significant delays, potentially pushing production to 2028 or beyond, raising questions about the company's commitment to rapid electrification. A major development in battery technology and supply chain is Redwood Materials' multi-billion dollar deal with Panasonic to supply recycled cathode material, signaling a move towards a truly circular economy for EV batteries. Tesla's controversial declaration of its NACS connector as the North American standard is discussed, with criticism leveled at the timing and method of its proposal. Finally, the Rimac Nevera sets a new EV top-speed record at 258 mph, though its customer-accessible speed is limited. BrightDrop forecasts $1 billion in revenue for 2023, driven by strong demand for its electric delivery vans.