Sfeva http://sfeva.org/ Fri, 04 Jun 2021 19:03:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://sfeva.org/wp-content/uploads/2021/05/sfeva-icon-150x150.png Sfeva http://sfeva.org/ 32 32 Workhorse Stock Meme-Fueled Rally Is An Opportunity To Make Profits http://sfeva.org/workhorse-stock-meme-fueled-rally-is-an-opportunity-to-make-profits/ http://sfeva.org/workhorse-stock-meme-fueled-rally-is-an-opportunity-to-make-profits/#respond Fri, 04 Jun 2021 13:57:00 +0000 http://sfeva.org/workhorse-stock-meme-fueled-rally-is-an-opportunity-to-make-profits/

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The ChargeUp mobile app gives you fast charging for $ 25 per month http://sfeva.org/the-chargeup-mobile-app-gives-you-fast-charging-for-25-per-month/ http://sfeva.org/the-chargeup-mobile-app-gives-you-fast-charging-for-25-per-month/#respond Fri, 04 Jun 2021 13:30:00 +0000 http://sfeva.org/the-chargeup-mobile-app-gives-you-fast-charging-for-25-per-month/

SparkCharge is moving forward with plans to offer mobile charging as a more convenient alternative to traditional charging stations.

After testing its hardware with roadside assistance services in San Francisco and Los Angeles, SparkCharge announced a wider rollout on Thursday, including an improved mobile charging system called Roadie CCS and a mobile app called ChargeUp.

For a monthly subscription of $ 25, electric vehicle drivers in launch markets (Dallas, San Francisco and Los Angeles) will be able to order fast DC charging wherever their cars are parked. It’s more convenient than taking a dedicated trip to a charging station, and will also be cheaper than home or public charging, says the startup.

As the name suggests, the Roadie CCS mobile charger uses the Combined Charging Standard (CCS). We’ve seen Tesla electric cars in some promotional material, so it looks like SparkCharge has an adapter to accommodate them.

SparkCharge mobile recharge service

In accordance with standard DC fast charging practices, the ChargeUp service will only charge cars up to 80% of their capacity. The recharging sessions are also limited in time: 50 minutes for the basic subscription and 100 minutes for the Premium subscription.

SparkCharge also offers mobile charging as a useful service for electric vehicle drivers living in apartments or condos without charging stations. Investors (SparkCharge has raised $ 5 million since its inception in 2017) also appear to see the value of mobile charging as a back-up plan for drivers, factoring in infrastructure outages or unexpected trips and detours.

What SparkCharge calls a ‘recharge as a service’ model fits perfectly with what the company originally suggested as its goal: a way to use portable hardware to help fill gaps in infrastructure or unforeseen charging needs.

However, another potential application for mobile charging could be commercial truck and bus fleets. Last year, Lightning Systems announced a trailer-sized mobile charger, designed to help fleets negotiate peak / off-peak energy use, or to provide a boost where the DC fast charge has not been installed.


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Ford sold nearly 2,000 Mustang Mach-E in May, production rising http://sfeva.org/ford-sold-nearly-2000-mustang-mach-e-in-may-production-rising/ http://sfeva.org/ford-sold-nearly-2000-mustang-mach-e-in-may-production-rising/#respond Fri, 04 Jun 2021 12:31:00 +0000 http://sfeva.org/ford-sold-nearly-2000-mustang-mach-e-in-may-production-rising/

The Ford brand reported 153,582 vehicle sales in the United States in May (up 4.1% year-on-year), including very good results for its electrified lineup.

The all-electric Ford Mustang Mach-E rated 1,945 units (1.3% of Ford’s total profit), which is almost the same as in April. The cumulative number for the year is 10,510.

It is assumed that the demand for the Mach-E remains higher than the supply, since the manufacturer reports only 10 days on the lots (against 4 days in April and 7 days in March). One in four Mach-E was sold in California.

“With only 10 days to run, the Mustang Mach-E essentially sells out as soon as it hits dealer showrooms. Sales of Mach-E totaled 1,945, with 10,510 Mustang Mach-E sold this year. California is the largest market for this all-new high-performance electric SUV, with one in four Mach-Es sold in the state. “

Total sales of Ford’s electrified vehicles in the United States – xEV (BEV, PHEV, HEV) – stood at 10,364 (up 184% year-over-year). This category includes hybrids, such as the F-150 PowerBoost Hybrid, as well as the Escape and Explorer hybrids.

Ford’s electrified vehicle sales increased 184% in May, hitting a new sales record for electrified vehicles with sales of 10,364 vehicles. The growth came from Mustang Mach-E, which totaled 1,945 vehicle sales. While the F-150 PowerBoost totaled 2,852 for the month, Escape electrified vehicle sales totaled 3,617, up 125% from last year. Sales of the Explorer Hybrid also saw a sharp increase of 132% compared to a year ago on sales of 1,156 SUVs.

Ford also notes strong initial demand for the upcoming Ford F-150 Lightning electric pickup, which has received more than 70,000 reservations.

One of the most interesting things is the volume of production. In May, Ford Mustang Mach-E production hit a new monthly record of 6 845.

This is more than three times the number of units sold in the United States. It is assumed that most of them are exported to Europe. Most recently, the Ford Mustang Mach-E registered 1,384 registrations in Norway, becoming the best-selling car in May.

After five months, the production of the Mach-E stands at 27,816 – more than any other Mustang (26,089).

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AP Govt employees will get electric vehicles from July through NREDCAP http://sfeva.org/ap-govt-employees-will-get-electric-vehicles-from-july-through-nredcap/ http://sfeva.org/ap-govt-employees-will-get-electric-vehicles-from-july-through-nredcap/#respond Fri, 04 Jun 2021 09:38:19 +0000 http://sfeva.org/ap-govt-employees-will-get-electric-vehicles-from-july-through-nredcap/

AMARAVATI: With the aim of encouraging the use of electric vehicles, especially among government employees, the Andhra Pradesh New and Renewable Energy Development Corporation (NREDCAP) has formulated a new policy. which has been approved by the central government. NREDCAP is a Crown corporation and is the nodal agency for the implementation of electric mobility and all renewable energy programs.

As part of this policy, the company will facilitate the provision of one lakh of electric two-wheelers to government employees and is preparing to launch the program in the first week of July.

Although there are around 10 lakhs of government employees working in various government departments across AP, NREDCAP aims to provide one lakh vehicles in the initial phase. Contracts with automakers where financing options allowing employees to pay monthly installments directly from their wages without any upfront payment are under discussion. Interested staff from public sector organizations have received information to register online. NREDCAP said the price of the vehicles would be based on the capacity and speed of the battery. The manufacturer is also responsible for maintaining the vehicles for three years.

In line with the electric mobility policy, the state government aims to phase out all internal combustion engine (ICE) vehicles in four major cities, including Visakhapatnam, Vijayawada and Tirupati by 2024, and in all cities by 2030.

The government has devised a plan in which financial institutions will offer loans at lower interest rates to government personnel, allowing them to purchase electric two-wheelers. The state government has issued a call for tenders from original equipment manufacturers (OEMs) to offer electric two-wheelers at attractive equivalent monthly payments.

The government is in talks with various companies to define the loan plans, which can be paid off in 24 to 60 months, depending on the vehicle’s battery capacity, making it an affordable financing option for employees.

Read also: AP Govt to provide affordable loans to employees to purchase electric two-wheelers


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The EV Drive to Profitability: Unearthing Value in a Crowded Market | FTI Council http://sfeva.org/the-ev-drive-to-profitability-unearthing-value-in-a-crowded-market-fti-council/ http://sfeva.org/the-ev-drive-to-profitability-unearthing-value-in-a-crowded-market-fti-council/#respond Thu, 03 Jun 2021 22:35:54 +0000 http://sfeva.org/the-ev-drive-to-profitability-unearthing-value-in-a-crowded-market-fti-council/

Electric vehicles are expected to dominate automotive production in the coming years. But the signs to come point to an upheaval in the industry. Here’s a starting point for distinguishing the value of the hype.

The sounds of silence fill the highways of the world.

Sales of electric vehicles * have made huge inroads into the global automotive market over the past decade. The past year has been pivotal, even in the midst of the pandemic. Almost 3.2 million electric vehicles have been sold worldwide, representing a remarkable 40% year-over-year growth and 4.2% of all vehicle volumes. China and Europe led the trend, accounting for around 85% of all combined electric vehicle purchases. By 2025, forecasted global sales of electric vehicles are expected to quadruple, reaching nearly 15 million units.1

The growing trajectory of electric vehicle sales is fueled by several factors: 1) Many governments have established regulatory mandates to reduce or eliminate the production of internal combustion engine (ICE) vehicles; 2) customer acceptance of electric vehicles is increasing, fueled by increased model availability, lower battery costs and improved range; and 3) major automobile manufacturers engage in the development and production of electric vehicles. For example, many manufacturers, including Volvo, Honda, GM and Mercedes, have already set target dates for going all-electric between 2030 and 2040.

Even though the electric vehicle market is growing, questions about its profitability follow just behind. A crowded field of competitors and business models that have yet to be proven viable are causing manufacturers and investors to scratch their heads. Where should they invest their capital? When can they expect adequate returns?

A look at this rapidly evolving EV ecosystem provides a roadmap for distinguishing value from the hype.

Four strategies – four business models

As the electric vehicle ecosystem evolves, many different business models are emerging in the original equipment manufacturing (OEM) arena. OEM EV can be divided into four types:

  • Traditional OEM players increasing electric vehicles (e.g. BMW, GM, Ford, Toyota, Volvo, VW, etc.)
  • OEM only for electric vehicles (e.g. Tesla, NIO, BYD)
  • New / start-up “challenger” OEMs (e.g. Lordstown, Rivien)
  • Asset-light and Mobility as a Service, or “MaaS” providers (for example, Uber, Waymo, Fisker)

Each has their own primary strategy and associated business model designed to capture a targeted portion of the emerging market with specific value propositions. Tesla, the go-to-market pioneer, is focused on continuing its R&D to improve battery performance and build factories to continue to capture market share. Traditional players like GM and VW want to leverage their existing scale and automotive manufacturing assets to cut costs and gain market share by appealing to a larger consumer base.

Regardless of the goal, one thing all of these OEMs have in common is the struggle to make a profit. Many weigh the pros and cons of vertical integration as a strategy to control costs, increase potential margins and reduce supply risk. The approaches differ: several global equipment manufacturers have announced their intention to control or invest in the production of batteries (VW, GM, BMW); Toyota outsources battery production and outsources other components, such as transmissions; Tesla is fully vertically integrated; while Ford remains heavily outsourced for the time being.2

Each has a different path to achieving a break-even point for annual unit sales based on expected margins and invested capital.

A growing valuation bubble

At the end of March, President Biden announced “The American Jobs Plan, A proposed $ 2 trillion spending program that focuses on repairing and upgrading US infrastructure. Among the objectives of the bill is an investment of 174 billion dollars to “win the electric vehicle market”. This includes the financing of the construction of 500,000 charging stations, additional investments in R&D and the manufacture of electric vehicle batteries at the national level. While the exact details of the bill remain under debate, Biden’s message is clear: Bet on a global future for electric vehicles now.

Over the past two or three years, up to $ 250 billion in new capital has already been injected into the industry from sources such as governments, OEMs and capital markets. Targeted segments include R&D, infrastructure, batteries and other critical technologies, but much of the funding is speculative as investors seek winners in a value chain that has shown little or no revenue to be gained. this day.

The result is a huge valuation bubble.

Over 100 EV start-ups have received funding and many have astronomical valuations. Special Purpose Acquisition Companies (SPACs) are very active in this space, generating a combined $ 100 billion in 26 MaaS tech companies in 2020. The SPAC frenzy continued into Q1 2021 with another dozen EV startups. made public. Others are expected this year.

Meanwhile, the “EV Big 3” – Tesla, NIO and BYD – continues to ride in the investor fast lane, reaching nearly $ 850 billion in market value by the end of the first quarter. Remarkably, their market capitalization is almost identical to that of the top 10 traditional OEMs. combined.

How hot is the EV Big 3 in the eyes of investors? Comparing global vehicle sales for traditional OEM groups and “EV Big 3” last year against their respective market values ​​provides a deeper insight. With around 55 million units sold, the valuation per vehicle for the 10 traditional OEMs is $ 1.5K. In contrast, Tesla, NIO and BYD sold less than one million units, resulting in a valuation per vehicle of $ 850,000.3

While investors may look to newcomers at this point, the major OEM players are not standing still. They are deeply determined to keep pace with significant investments in retooling. Their competitive advantage lies in their strengths and design knowledge, extensive experience in the construction and sale of automobiles, and an extensive network of branded dealers and service centers.

The valuation bubble can be best seen by looking at the current market capitalizations (as of March 31) of OEMs versus the number of vehicles sold in 2020.4

bubble chart

Survival of the Fittest – An American Perspective

In the United States, sales of electric vehicles in the United States are expected to reach 1.6 million units by 2025 (less than 10% of total US market volumes). The technological advance of pure electric vehicle companies like Tesla will allow them to hold a significant share, probably over 40% of this market. Traditional OEMs with major investments and dozens of electric vehicle model launches in the pipeline are expected to capture a similar share.5

This leaves less than 20 percent of the market remaining to all other players. This is a strong push for emerging nameplates today and for those that will enter the market in the near future.

battery shaped infographic

Obviously, the market cannot absorb all of this competition. Restructuring will certainly follow and the right niche players and nameplates will likely be consolidated into larger EV platforms. By 2030, we can expect to see fewer 2025 nameplates even on U.S. roads.6

Race to the finish line

Traditional OEMs aim to switch from internal combustion engine to electric over the next decade. It will be essential to balance R&D, investment and capital allocation as they are re-equipped. For challengers, survival is more precarious and depends on finding the right partner and the optimal manufacturing strategy. How much capital will they need? What level of outsourcing and vertical integration will be appropriate?

Every car manufacturer will have to adapt quickly to this new reality. There will be several laps and pit stops in the race for profitability. Not all businesses will have what it takes for the long journey it takes to reach the finish line.

Footnotes :

* Includes battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV) and hybrid electric vehicles (HEV)

1: Multiple sources: IHS Markit., Automotive News., Analysis by FTI Consulting.

2: Multiple sources: Automotive News., Just automatic., Global S&P.

3: Multiple sources: Jeffries., BloombergNEF., Analysis by FTI Consulting.

4: Analysis of FTI Consulting.

5: Multiple sources: IHS Markit., CNBC., Analysis by FTI Consulting.

6: Analysis of FTI Consulting.


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Tesla sinks as report casts further shadow over China sales http://sfeva.org/tesla-sinks-as-report-casts-further-shadow-over-china-sales/ http://sfeva.org/tesla-sinks-as-report-casts-further-shadow-over-china-sales/#respond Thu, 03 Jun 2021 20:18:36 +0000 http://sfeva.org/tesla-sinks-as-report-casts-further-shadow-over-china-sales/

(Bloomberg) – Shares of Tesla Inc. fell following a report that Chinese orders for the electric car maker fell by almost half in May.

The stock, which was already down more than 30% from the peak in late January through Wednesday, fell 5.3% on Thursday. Shares also fell after a US regulator disclosed the recall of more than 5,500 Model 3 and Y vehicles as well as nearly 2,200 Model Y for separate seat belt faults.

Tesla’s monthly net orders in China fell to around 9,800 in May, from more than 18,000 in April, according to The Information, a San Francisco-based technology information company, who cited a person with knowledge of the data. This is just the latest in a series of reports that appear to suggest a slowdown in sales in a country widely regarded as one of the most important markets for the industry.

Dan Levy, analyst at Credit Suisse Group AG, said on Wednesday that Tesla’s market share in global electric vehicle sales fell in April, adding that the company lost ground in China, Europe and the United States. .

Tesla has now seen reminders emerge on consecutive days. The U.S. National Highway Traffic Safety Administration issued a notice on Wednesday saying the automaker will inspect, tighten or replace brake calipers that could be released on nearly 6,000 Model 3 and Y vehicles.

(Update the movement of goods in the second paragraph.)

More stories like this are available at bloomberg.com

Subscribe now to stay ahead of the curve with the most trusted source of business information.

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Financing transport, a problem with the rise of electric vehicles http://sfeva.org/financing-transport-a-problem-with-the-rise-of-electric-vehicles/ http://sfeva.org/financing-transport-a-problem-with-the-rise-of-electric-vehicles/#respond Thu, 03 Jun 2021 17:30:00 +0000 http://sfeva.org/financing-transport-a-problem-with-the-rise-of-electric-vehicles/

[Stay on top of transportation news: Get TTNews in your inbox.]

While electric vehicles and alternative fuels help reduce greenhouse gas emissions, their continued adoption is forcing states to rethink the sources of transportation funding that currently come from taxes on diesel and gasoline.

States that already charge fees on alternative fuels and vehicles fear the amounts will bolster their coffers, as they barely replace what is lost in fuel tax revenue. They are therefore wondering how to close this gap – and overcome it – in new federal energy initiatives.

President Joe Biden’s budget proposal, unveiled on May 28, includes provisions for electric vehicles.

Some $ 600 million has been requested for electric vehicles and charging infrastructure in the individual budgets of 18 federal agencies, including dedicated funds for the General Services Administration and for charging infrastructure for the United States Postal Service.

“The federal fleet is probably a bit easier to do,” Robert Poole, director of transportation policy at the Reason Foundation, told Transport Topics. “These are not long-haul vehicles like Class 8 trucks. They are primarily delivery vehicles that can travel 100 miles in a day on battery power and be recharged at night. It is not a very adequate test for national conversion of personal vehicles and commercial vehicles.

At the state level, however, government agencies vary in their efforts to make money with electric and alternative fuel vehicles.

For example, Texas consumed 5.41 billion gallons of specialty fuels (diesel and alternative) last year, according to the Federal Highway Administration, but did not charge fees on electric vehicles.

The state said it collected $ 913 million in diesel fuel tax revenue for fiscal 2020.

Kevin Lyons, spokesperson for the Texas Comptroller of Public Accounts, said the Texas legislature is working on funding. Senate Bill 1728, which was passed by the Senate and transferred to the House of Representatives, would impose a charge on alternative fuel vehicles at the time of registration or renewal.

California, the next biggest consumer at 3.16 billion gallons last year, has taken steps to raise money from alternative vehicles. On July 1, 2020, an annual road improvement fee of $ 100 was collected at the time of registration renewal for each zero emission vehicle for the 2020 model year or newer. These fees will be adjusted for inflation each year.

Owners of electric vehicles also pay annual transportation improvement fees (such as those for internal combustion engine vehicles) based on the market value of the vehicle. This is a tiered fee determined by the California Department of Motor Vehicles and adjusted for inflation each year. This year, the fees are between $ 27 and $ 192.

California Department of Transportation spokesman Christopher Clark said diesel excise tax revenue stood at $ 1.25 billion for the fiscal year ended June 30, 2020.

Keith Duncan, head of the capital and finance office in Caltrans’ budgets division, said the charges for alternative fuel vehicles offer some financial recovery, but not to the full extent that would be lost in tax revenue on fuels.

“We can see an average vehicle paying between $ 300 and $ 400 a year in excise taxes compared to a zero-emission vehicle paying a $ 100 fee as part of the registration,” Duncan told Transportation. Topics. “Not being able to bridge dollar for dollar is definitely a concern for the future.”

For heavy trucks, Don MacKenzie, associate professor of civil and environmental engineering at the University of Washington, suggested vehicle-miles-driven charges indexed to axle load.

Kara Kockelman, a professor of transportation engineering at the University of Texas at Austin, said transportation departments needed some sort of distance-based pricing in addition to higher fuel taxes. However, she said road user fees are more expensive to administer than fuel taxes.

“The good thing is that there are only 200 refineries in the United States, and so we are billing there,” Kockelman told TT. “We really should increase the tax on gasoline significantly. We pay less for hazardous materials than for bottled water.

MacKenzie identified increasing performance range and improving charging time as major challenges that exist as charging stations still do not have the widespread presence of gas stations. “Until you have that level of ubiquity, you are not at the same level of convenience.”

Biden’s U.S. Jobs Plan proposes $ 15 billion to build a nationwide electric vehicle charging network with 500,000 ports by 2030.

Poole said investing in charging ports is a difficult coordination issue. He said that if the $ 15 billion is spent for this purpose, it would likely speed up the creation of charging stations, but it is not known if they will be good investments. There may be more loaders set up before there is a demand to use them, or there may be more vehicles than loaders.

“The federal government in Washington has regulatory levers to pull, but it cannot control the decisions made by consumers,” said Poole. “There are a lot of moving parts here. It’s hard to have this master plan to make everything happen on a certain schedule. “

Want more news? Listen to today’s daily briefing below or go here for more information:




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iSun, Inc. Appoints Daniel Dus, Former Director of Adani Solar USA, as President of Utility-Scale Division, Expanding Presence in Under-Served $ 69 Billion Market http://sfeva.org/isun-inc-appoints-daniel-dus-former-director-of-adani-solar-usa-as-president-of-utility-scale-division-expanding-presence-in-under-served-69-billion-market/ http://sfeva.org/isun-inc-appoints-daniel-dus-former-director-of-adani-solar-usa-as-president-of-utility-scale-division-expanding-presence-in-under-served-69-billion-market/#respond Thu, 03 Jun 2021 12:11:00 +0000 http://sfeva.org/isun-inc-appoints-daniel-dus-former-director-of-adani-solar-usa-as-president-of-utility-scale-division-expanding-presence-in-under-served-69-billion-market/

BURLINGTON, Vermont – (COMMERCIAL THREAD) – iSun, Inc. (Nasdaq: ISUN) (“ISUN” or the “Company”), a leading solar energy and clean mobility infrastructure company with 50 years of experience in building solar, power and data services, announced yesterday that Daniel Dus, an expert in the renewable energy sector, has resigned from the company’s board of directors and has been appointed chairman of its utilities division, effective June 2 2021.

Jeffrey Peck, President and CEO of iSun, said: “Daniel has been a multi-faceted expert, leader and veteran of the renewable energy industry. During his 15-year career in the renewable energy industry, he has demonstrated exceptional thought leadership in the development, construction and financing of solar projects. We look forward to leveraging his insightful ideas and strategic contributions as we continue to expand our range of unique offerings, from small commercial projects to large-scale solar energy and clean mobility projects. Having helped build several large national solar EPCs, we are confident that Daniel’s addition to our leadership team will support our continued commitment to generate higher shareholder value through growth and profitability.

Mr. Dus previously served as the head of renewable energy in the United States for a large, fully integrated, multinational company of over $ 100 billion, ranked the world’s largest solar company by Mercom Capital. Having held various leadership roles in the solar industry throughout his career, Mr. Dus has managed the execution of over $ 1 billion in solar assets on 1,400 projects in 17 states across the globe. nationwide. He has held a variety of strategic, financial and managerial positions and has been an influential leader focused on removing barriers to deploy and use renewable energy most efficiently.

Daniel Dus commented: “Following its acquisition of SPAC in 2019, iSun has consolidated a unique advantage as a publicly traded solar company with an aggressive and perfectly timed rapid growth strategy. I couldn’t be more excited to join the iSun management team, which has a long history of delivering innovative solutions to its core and ancillary businesses. I am honored to leverage my experience in deploying solar power nationwide to meet customer project needs in my new role and feel fortunate to be able to use my passion for the mission of iSun to help decarbonise the energy sector.

Mr. Dus is a Certified Solar Designer, holds an MBA from Drexel University, is a Stanford Certified Project Manager, Six Sigma Master Lean Blackbelt Villanova Certified, while also holding dozens of certificates in energy coverage, network infrastructure and technologies emerging energies. like OSHA 30.

ABOUT iSun

Based in Williston, VT, iSun, Inc. (NASDAQ: ISUN) is a company rooted in values ​​that align people, purpose, innovation and sustainability. Ranked by Solar Power World as one of the leading commercial solar entrepreneurs in the United States, iSun provides solar power and clean mobility infrastructure to customers for projects ranging from smart solar charging of mobile phones and electric vehicles renewable energy solutions for large utilities. Since entering the renewable energy market in 2012, iSun has installed more than 400 megawatts of rooftop, ground, and carport solar systems for electric vehicles (equivalent to the power required for 76,000 homes). We continue to focus on profitable growth opportunities. For more information visit www.isunenergy.com

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding (i) the plans, objectives, expectations and intentions of iSun and other statements contained in this press release that are not historical facts; and (ii) other statements identified by words such as “expects”, “anticipates”, “intention”, “plans”, “believes”, “research”, “estimates”, “objectives” , “Plans” or similar words meaning generally intended to identify forward-looking statements. These forward-looking statements are based on the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions regarding future business strategies and decisions which are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements due to possible uncertainties.


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System-on-chip architecture for autonomous driving systems in electric vehicles http://sfeva.org/system-on-chip-architecture-for-autonomous-driving-systems-in-electric-vehicles/ http://sfeva.org/system-on-chip-architecture-for-autonomous-driving-systems-in-electric-vehicles/#respond Thu, 03 Jun 2021 07:08:03 +0000 http://sfeva.org/system-on-chip-architecture-for-autonomous-driving-systems-in-electric-vehicles/

English inventor Thomas Parker introduced the first production electric car in 1884. Slower speeds and shorter ranges limited the electric cars of this era. From the beginning to the middle of the 20e century, gasoline-powered cars were cheaper to operate, able to travel farther and faster than their electric counterparts, and quickly gained the upper hand. Since the early 2000s, You’re here was a pioneer in reviving the electric car by producing the world’s most visible modern fully electric vehicles (EVs) on the road. They transformed the auto industry by building the first modern software-based EV platform wrapped in a slippery aero design. Today, established automakers and tech-driven electric vehicle startups are competing fiercely for market and share of mind.

Electric vehicles, by their very nature, require technological innovation. Electric car buyers not only expect a product that can travel long distances, it must also look cooler, perform better, entertain more, be quieter, drive on its own, be affordable and more. sure ever. New electric car makers are technology companies that innovate to build cars. Automakers, or OEMs, are moving from more traditional Distributed Electronic Control Units (ECUs) to a more centralized domain architecture with central computing. Powerful electronics managed by complex software underpin almost all systems. The System on a Chip (SoC) is the most powerful electrical component in the car that manages all aspects of its domain while ensuring safe and secure operation. Several important trends have influenced its evolution.

The extension of vehicle autonomy is an important driver of the market. New electric motors and battery technology improve driveline efficiency and performance while reducing costs, size, weight and environmental footprint. Wire harnesses based on higher voltages require thinner, lighter wires. Shifting to a more centralized domain architecture means that the number of ECUs, boards and chips is reduced, saving weight and power consumption.

The second trend is over-the-air (OTA) updates in response to the software’s critical role in controlling virtually every aspect of vehicle operation. OTA updates reduce costs for OEM and owner and improve car functionality by adding autonomous driving capability, updating battery management to extend range, improving driving experience digital cockpit and correcting safety issues.

Finally, the industry is rapidly moving towards advanced driver assistance systems (ADAS) and autonomous driving with SAE L2 + / L3 systems on the road today and with L4 / L5 on the horizon. Advanced sensor technology for cameras, LIDAR, RADAR, ultrasound and more are needed to achieve higher levels of autonomous driving. Smaller sensors with significantly improved resolution and dynamic range reduce costs, power consumption and weight.

The complex sensor network powers areas such as central computing for ADAS and autonomous driving and the digital cockpit that controls the instrument panel, head-up display (HUD) and in-vehicle infotainment (IVI). An autonomous driving SoC is based on complex central computer hardware, which involves the use of more sophisticated software systems. There will be an increase in connectivity and the amount of data flowing around the vehicle. The increase in connectivity options brings new opportunities such as value-added services and OTA software updates, but introduces new cybersecurity risks. Protecting these new interfaces against unauthorized or malicious use is essential.

Figure 1 shows an abstraction of the main functional components of an autonomous driving and fusion processing SoC represented in the blue colored boxes. The sensors are used at the input of the SoC. The Environmental Perception and Objection Detection Subsystem uses high performance neural network accelerators for fast and accurate analysis of sensor data. High-precision mapping precisely locates the car in its surroundings. Finally, the trajectory and maneuver planning subsystem determines how the vehicle will react to the environment. Typically, two ASIL B SoCs are deployed to process sensor data simultaneously to achieve ASIL D compliance. Critical safety signals from each SoC are routed through the on-chip security manager. The Safety Manager uses ASIL D processors configured in Dual Core Lockdown Mode (DCLS) in conjunction with other safety mechanisms to detect random failures and correct or control them. The outputs of the security manager are used to manage the actuators of the vehicle. An on-chip security manager is deployed to protect against malicious attacks. A hardware root of trust forms a secure management system that functions as a secure runtime environment for secure boot, secure debugging, key management and cryptography, and secure boot loader management, including authentication. OTA deliveries before installation.


Fig. 1: Autonomous driving and SoC fusion processing.

Synopsis is ideally positioned for functional safety and security with software integrity solutions, a virtual ECU and hardware prototyping before software is available, automotive grade intellectual property, and a design-conscious verification and design solution. security certified ISO 26262 ASIL D.

Stewart william

(All posts)

Stewart Williams is Automotive Technical Marketing Director at Synopsys.


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Tesla begins hiring for senior and senior positions in India: report http://sfeva.org/tesla-begins-hiring-for-senior-and-senior-positions-in-india-report/ http://sfeva.org/tesla-begins-hiring-for-senior-and-senior-positions-in-india-report/#respond Thu, 03 Jun 2021 01:31:38 +0000 http://sfeva.org/tesla-begins-hiring-for-senior-and-senior-positions-in-india-report/

Tesla Inc. has started recruiting for senior and senior positions in India, according to a person familiar with the matter, as it prepares to enter one of the world’s largest emerging auto markets.

The California-based electric vehicle maker is recruiting for positions including a sales and marketing manager and a human resources manager, the person said, asking not to be identified. A Tesla fan club tweeted last week that the company had hired a senior legal advisor.

CEO Elon Musk has all but confirmed that Tesla will enter India in January after months of speculation. On January 13, the second richest man in the world tweeted “as promised” in response to a Tesla-focused blog post that the automaker was in talks with several Indian states to open an office, meeting rooms. exhibition, a research and development center – and possibly a factory.

Local media reported last month that Prashanth Menon, who has worked at Tesla for about four years, has been elevated to the country’s CEO.

Tesla did not immediately respond to a request for comment.

The electric vehicle maker is closely monitoring announcements by Prime Minister Narendra Modi’s government regarding changes to the country’s product tax and sales that could lower the cost of owning an electric car, the person said. close to the file. It is also waiting for new incentives for electric vehicle manufacturers under India’s production-related incentive program before it makes a real boost in the country.

Under the PLI, as it is known, manufacturing incentives will increase each year in an ongoing effort to get the world’s biggest brands to manufacture their products in India and export to the world. Last month, the Indian cabinet also approved a 181 billion rupee ($ 2.5 billion) plan to increase battery storage capacity to 50 gigawatt hours.

Tesla’s foray into India could prove difficult, however, even with sweeteners. Unlike China, India has not rolled out the welcome mat for electric cars. Tesla set up its first factory outside the United States in Shanghai and now dominates sales of premium electric vehicles in China. Electric vehicles account for about 6% of annual car sales in China, according to BloombergNEF, compared to less than 1% in India.

The high cost of Tesla cars is also seen as a sticking point. Although India is home to a nascent middle class, expensive cars remain beyond the reach of the vast majority of the population. Another barrier to large-scale EV adoption is the lack of charging infrastructure.

Tesla has chosen Karnataka, a southern state whose capital is Bangalore, for its first factory, the state’s chief minister said in February. Tesla has not commented. The automaker has been negotiating with local authorities for six months and is actively considering assembling cars on the outskirts of Bangalore, others familiar with the matter said at the time.

This story was posted from an agency feed with no text editing. Only the title has been changed.

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