Electric cars?

[over9k]

So NIO did crack $50/share:



And I was feeling GREAT.

But then:



That's a more than 20% movement peak to trough ON THE DAY.

I believe they call this "volatility".

And here I was thinking I might actually trim a bit at the $53 mark just because that was nosebleed territory and a correction was due. How stupid was I!

 

[sptrawler]

Interesting article suggesting Britain may ban the sale of petrol and diesel cars in 2030, it sounds as though hybrids may be exempt.

Britain to ban sale of new petrol and diesel cars from 2030: reports

The reports of the ban on combustion engines comes ahead of a major climate change speech from Boris Johnson.

www.theage.com.au

 

[sptrawler]

Cars are a product where in practice very few buy the cheapest available.

Price might be a factor in the decision but it’s not the only one.

I tend to think that is one of those historical practices, that will change as we move to a different norm with electric cars, it is just a guess but I think the trend away from having the latest and best car as a status symbol will disappear. There will always be those that want badge snobbery on display, but with electric cars they will become more of a required appliance rather than a status symbol IMO.
The difference between a twin turbo V12, or a flat 6 and an anemic 1000cc 3 cylinder is quite obvious and everyone can hear it, to get a readily obvious differentiation between electric vehicles will be awkward and to justify a price tag three times the cheap one will take some doing IMO.
There will always be those that want the latest and greatest, but I tend to think the masses will buy what is cheapest or not buy one at all and use ride share. The inconvenience of charging will stop a lot of inner city residents from buying a vehicle at all IMO.
Time will tell.
https://www.drive.com.au/news/austr...ut-until-next-year-124562.html?trackLink=SMH3
From the article:

The first shipment of Australia’s cheapest electric car, the MG ZS EV, has sold out within days of the vehicle arriving in local showrooms.
MG dealers contacted by Drive have confirmed the first 100 examples of the $43,990 drive-away MG ZS EV are spoken for, with the next deliveries due in late January, early February.
The MG ZS EV has a claimed driving range of 263km in ideal conditions – from a single charge – and undercuts its nearest rivals, the Nissan Leaf ($53,000 drive-away) and Hyundai Ioniq electric ($55,000 drive-away), by at least $9000

 

[moXJO]

I tend to think that is one of those historical practices, that will change as we move to a different norm with electric cars, it is just a guess but I think the trend away from having the latest and best car as a status symbol will disappear. There will always be those that want badge snobbery on display, but with electric cars they will become more of a required appliance rather than a status symbol IMO.
The difference between a twin turbo V12, or a flat 6 and an anemic 1000cc 3 cylinder is quite obvious and everyone can hear it, to get a readily obvious differentiation between electric vehicles will be awkward and to justify a price tag three times the cheap one will take some doing IMO.
There will always be those that want the latest and greatest, but I tend to think the masses will buy what is cheapest or not buy one at all and use ride share. The inconvenience of charging will stop a lot of inner city residents from buying a vehicle at all IMO.
Time will tell.
https://www.drive.com.au/news/austr...ut-until-next-year-124562.html?trackLink=SMH3
From the article:

The first shipment of Australia’s cheapest electric car, the MG ZS EV, has sold out within days of the vehicle arriving in local showrooms.
MG dealers contacted by Drive have confirmed the first 100 examples of the $43,990 drive-away MG ZS EV are spoken for, with the next deliveries due in late January, early February.
The MG ZS EV has a claimed driving range of 263km in ideal conditions – from a single charge – and undercuts its nearest rivals, the Nissan Leaf ($53,000 drive-away) and Hyundai Ioniq electric ($55,000 drive-away), by at least $9000

It will be all about the mods. And space I suppose.

 

[sptrawler]

It will be all about the mods. And space I suppose.

That's true but the obvious attraction IMO, wont be enough to justify the current difference in price between top end and bottom end, a bit like what is happening with top end shopping it is in decline tastes and priorities change with generations.
Interesting subject IMO.

 

[Value Collector]

It will be all about the mods. And space I suppose.

And self driving capability, if Tesla end up pulling off the full self driving robo taxi / trucking network it will be a game changer, and the software will be worth more than the car.

I think that will be Tesla’s real competitive advantage.

 

[Value Collector]

That's true but the obvious attraction IMO, wont be enough to justify the current difference in price between top end and bottom end, a bit like what is happening with top end shopping it is in decline tastes and priorities change with generations.
Interesting subject IMO.

We may actually see the market completely change, like the Phone market has, where a lot of the older companies become irrelevant and the market is dominated by two companies.

pretty much everyone either has an IPhone or a Samsung, cars and trucks could become the same if the technology gap becomes to wide for the incumbents to cross.

 

[sptrawler]

We may actually see the market completely change, like the Phone market has, where a lot of the older companies become irrelevant and the market is dominated by two companies.

pretty much everyone either has an IPhone or a Samsung, cars and trucks could become the same if the technology gap becomes to wide for the incumbents to cross.

I tend to think that is very possible and highly likely.
I also think there will be a lot of mergers and acquisitions in the auto sector, as economies of scale and software ability becomes paramount to product acceptance and desirability.

 

[Value Collector]

Tesla Model 3 Police car, Here is a great interview with the Police officers explaining the many benefits of the Tesla as a police vehicle.

 

[over9k]

LOOK IF EVERYONE COULD JUST STOP WHIPSAWING THIS THING FOR FIVE MINUTES THEN THAT WOULD BE GREAT













Jokes aside, they're reporting earnings after the close. Will update then. I've lubed up in preparation.

 

[over9k]

Electric Car Maker Nio Beats Q3 Forecasts, Guides High While Deliveries Continue Slowing

Nio topped third-quarter estimates and gave strong guidance late Tuesday, after it became the target of a short seller. Nio stock fell late.

www.investors.com

Chinese Electric Car Stocks Rally Comes To Screeching Halt As Short Seller Warns

The huge rally in China electric car stocks came to a screeching halt Friday after short seller Citron Research targeted Nio stock.

www.investors.com

"But Chinese electric-car stocks sold off after short seller Citron Research targeted Nio stock, advising investors to rotate out and book profits...

Nio, which reports Nov. 17, finished 7.7% lower, after Citron pulled its earlier bullish call on the stock and set a price target of 25.

"It is time for investors to rotate out of NIO, enjoy your profits and look for the next disruptive technology," the short seller said".



NIO's earnings report is here: https://ir.nio.com/news-events/news.../nio-inc-reports-unaudited-third-quarter-2020

And it's actually beaten estimates, yet still dropped in aftermarket trading.



I knew there was f*ckery afoot.

 

[sptrawler]

Vehicle to grid two way flow, is starting to be tested in Australia, the speed of change to E.V's is accelerating.
If it can be shown, that vehicle to grid charging/discharging is beneficial to the grid and can be accurately controlled remotely it will bring forward legislative changes to adopt BEV's IMO. If there is something in it for the Government it will be fast tracked.
Just my opinion.

Smart grid technology to spark savings for electric vehicle owners

New technology to help bring down the cost of electric vehicle ownership is being rolled out to 300 households.

www.smh.com.au

 

[sptrawler]

Another article on the AGL/ Federal Government vehicle to grid trail.

Government commits another $2.9 million to electric car charging trial

There are plans to install 250 chargers in homes

www.drive.com.au

From the article:

The electric car owners involved in the three-year trial will be those who sign up to AGL's recently announced Electric Vehicle Plan, with 200 of them to receive free smart chargers and 50 of them to receive bi-directional chargers at a reduced price for their Nissan Leaf vehicles.

Another 50 internet-connected Tesla owners, who already have their own chargers, will have their charging monitored by AGL.
Hey @Value Collector are you signed up?

Further from the article:

The $2.9 million funding commitment comes after ARENA committed another $838,000 to a two-year trial of smart-charging infrastructure with Origin Energy, as well as providing a $3.5 million grant to charging provider Jet Charge to develop its smart-charging technology.

It also joins ARENA's $74.5 million Future Fuels Fund, which will subsidise the adoption of electric charging infrastructure in businesses and regional communities.

 

[sptrawler]

And for those who think the manufacturers aren't serious, think again, they will cut their costs dramatically when they get rid of the ICE running gear.

Volkswagen pushes ahead with electric future, retools factories - report

Volkswagen want to take on Tesla

www.drive.com.au

From the article:
In a call with investors and analysts on Monday, Volkswagen CEO Herbert Diess said the car company was spending €73 billion (AU$118B) to convert two German factories to support production of electric vehicles, reports news outlet Reuters.

 

[Value Collector]

Another article on the AGL/ Federal Government vehicle to grid trail.

Government commits another $2.9 million to electric car charging trial

There are plans to install 250 chargers in homes

www.drive.com.au

From the article:

The electric car owners involved in the three-year trial will be those who sign up to AGL's recently announced Electric Vehicle Plan, with 200 of them to receive free smart chargers and 50 of them to receive bi-directional chargers at a reduced price for their Nissan Leaf vehicles.

Another 50 internet-connected Tesla owners, who already have their own chargers, will have their charging monitored by AGL.
Hey @Value Collector are you signed up?

Further from the article:

The $2.9 million funding commitment comes after ARENA committed another $838,000 to a two-year trial of smart-charging infrastructure with Origin Energy, as well as providing a $3.5 million grant to charging provider Jet Charge to develop its smart-charging technology.

It also joins ARENA's $74.5 million Future Fuels Fund, which will subsidise the adoption of electric charging infrastructure in businesses and regional communities.

not yet, I am an agl customer, but haven’t been asked to co-operate in any way.

 

[qldfrog]

And for those who think the manufacturers aren't serious, think again, they will cut their costs dramatically when they get rid of the ICE running gear.

Volkswagen pushes ahead with electric future, retools factories - report

Volkswagen want to take on Tesla

www.drive.com.au

From the article:
In a call with investors and analysts on Monday, Volkswagen CEO Herbert Diess said the car company was spending €73 billion (AU$118B) to convert two German factories to support production of electric vehicles, reports news outlet Reuters.

It will cut their factory costs too as they will stop selling.
The generic made in China EV car will be everywhere
Look at bicycles: a few high end carbon brands, the rest bought at KMart.cars will be same and as bikes les and less popular against a mix of taxation and regulations

 

[sptrawler]

It will cut their factory costs too as they will stop selling.
The generic made in China EV car will be everywhere
Look at bicycles: a few high end carbon brands, the rest bought at KMart.cars will be same and as bikes les and less popular against a mix of taxation and regulations

I agree with you frog, cars are fast becoming just another consumable, a few years ago even the worst car was worth repairing e.g recon the engine, gearbox etc, now perfectly good looking cars are dumped on the side of the freeway with the number plates removed.

There will always be the niche market for high quality products, be that cars, watches, tools or anything else, but the majority will buy the value for money Chinese product as has happened with everything else.

If investors think electric cars will be different, I think they will do their dough.
The biggest problem IMO, is companies outsourcing their production to China and expecting a different outcome to what has happened in the past. Greed is the downfall of most companies, get too big too fast, or get a product made in a low cost country and expecting them not to copy it.
Just my opinion.

 

[over9k]

Go on. Tell me this isn't going to plummet tomorrow after I held on a day where it not just flew but even closed at session highs.

 

[sptrawler]

Racing cars lead the development and improvement of their road going counterparts and the U.K is going to introduce mild hybrids into the touring car series, which should create some interest as they compete with ICE vehicles.
https://www.powerelectronictips.com/hybrid-evs-come-to-touring-car-racing/

 

[sptrawler]

South Australia to introduce an electric car tax, based on a fixed charge and a distance travelled charge, my guess it will be monitored and if it works well adopted Australia wide.
The State is also going to install 200 charging stations.

Electric vehicle charge sparks anger from owners, environmental groups

The State Government says it plans to charge electric vehicle drivers to use the roads and that two other jurisdictions are interested in following its lead within 12 months.

www.abc.net.au

Well that was posted on November the 11th and already Victoria are following suite, but raising it by including hybrids which already pay fuel excise. Also correct me if I'm wrong but isn't fuel excise a Federal tax?
Lucky a Liberal Government didn't come up with that one. On the face of it, a hybrid certainly won't save you much, one would have thought it would be somehow linked to battery size.
A 9Kw/hr battery in a car, will still use mostly petrol, whereas a 90Kw/hr BEV will use no petrol, it doesn't seem very proportionate to me.

Victoria to tax electric and plug-in hybrid vehicles from 2021

They will be taxed per km

www.drive.com.au

From the article:

Dan Andrews’ Labor Government confirmed it would charge owners of electric and plug-in hybrid vehicles a usage fee from July 2021.
Victorian Treasurer Tim Pallas confirmed the per-kilometre-usage-fee on Saturday afternoon.
Under the new laws, full electric vehicles would be charged 2.5 cents per kilometre travelled while plug-in hybrid vehicles would face a usage tax of 2.0 cents per kilometre travelled.