Zebeth Media Solutions

electric vehicle

Faraday Future gets a lifeline to raise up to $350 million • ZebethMedia

Moribund EV startup Faraday Future could receive up to a $350 million lifeline to help launch its first vehicle, according to a regulatory filing. The company said Monday it has signed a deal with an affiliate of Yorkville Advisors Global for an equity line of credit up to $350 million. The financing, which entails an initial commitment of $200 million from the New Jersey-based investment firm, will be “key” to producing the company’s long-awaited first model, the FF91 sports car. As of Monday, Faraday Future had a market cap of $234 million. “This new financing facility is a key part of our strategy to raise the funds we need to get the FF 91 on the road and in the hands of users as quickly as possible,” Faraday Future CEO Carsten Breitfeld said in a statement. Faraday has faced numerous challenges in delivering the car to customers, including the removal of founder and former CEO Yueting Jia as an executive officer and investigation by the U.S. Securities and Exchange Commission into charges that Faraday misled investors. Yorkville has also provided financing for EV startups Canoo and Lordstown Motors. Faraday Future said the 1,050-horsepower car has a battery range of 350 miles and can accelerate from 0 to 60 mph in less than 2.4 seconds – impressive figures comparable to supercars such as the Rimac Nevera – if the company can deliver on its goal. “Our FF 91 vehicle program is advancing, and recent testing and validation results have exceeded our targets,” Breitfeld said Monday.

Rolls-Royce Spectre EV to launch next year with 260-mile range • ZebethMedia

Rolls-Royce plans to deliver its first EV, the Spectre two-door coupe, to customers late next year as it transitions toward becoming a fully electric brand by 2030. The company estimates that the Spectre will travel up to 260 miles on a fully charged battery, deliver 577 horsepower and zip from 0 to 60 mph in 4.4 seconds. Those are similar figures to the Cadillac Celestiq, another rarefied EV announced this week starting north of $300,000. The Spectre will likely be priced above $400,000, in line with the rest of Rolls-Royce’s portfolio. The four-seater fastback sports 23-inch wheels — seen for the first time on a Rolls-Royce production two-door coupe in almost a century — and the brand’s widest-ever grille. Unlike competitors, Rolls-Royce skipped the hybrid phase in its path to becoming a battery-electric brand. However, its parent company, BMW Group, builds several hybrid models, including its forthcoming XM, a 644-horsepower plug-in hybrid crossover that ranks as BMW’s most powerful production model. Most ultra-luxury brands are launching plug-in hybrids prior to producing fully electric models. Bentley, which launched its first plug-in hybrid model last year, is preparing to build its first EV in 2025. Aston Martin plans to produce its first battery-electric model in 2026, following the launch of its 1,000-horsepower Valhalla plug-in hybrid at Pebble Beach. McLaren, which launched the Artura plug-in hybrid this year, plans to produce its first EV in 2028. These will be far from the most expensive EVs on the market. Both Rimac and Pininfarina began producing $2.5 million battery-electric hypercars this summer. The Rimac Nevera and Pininfarina Battista share common DNA — Rimac supplies Pininfarina with its 120-kilowatt battery pack and powertrain — and deliver 1,900 horsepower.

Inside Sono Motors’ family-friendly $25,000 solar EV • ZebethMedia

Sono Motors, the company building an electric vehicle that’s partially powered by the sun, debuted its flagship Sion in New York City this week as part of a multi-city tour throughout the U.S. The company aims to launch the $25,000 five-seater hatchback in Europe first — production is expected to start in the second half next year, with initial deliveries to customers in Germany, Austria and Switzerland before the year is out — but wanted to explore demand for the vehicle among Americans. After a marketing event in Times Square, Sono brought its Sion to a lot in Greenpoint overlooking the East River and Manhattan’s skyline. It was a sunny day, a good omen for a car that runs off solar energy, and in a strange but happy twist of events, Whoopi Goldberg was there to check out the car, too. Even though most of the final design of the Sion has been determined, the car Sono brought to Brooklyn was still a prototype, so there were still a few kinks to work out. The company told me there would be one last design iteration before it goes to series production next year. It’s not exactly a sexy-looking car, but it looks and feels capable, sturdy even, and the semi-finished product, which Sono markets as perfect for families and commuters, was impressive. Deceptively spacious Whoopi Goldberg and Rebecca Bellan posing in front of the Sion EV. Image Credits: Rebecca Bellan “This car would be great if you have a family,” Goldberg said to me. “You can put eight people in there and the dog!” While eight people would certainly stretch the limits of what Sono is advertising, I could see what she meant. The hatchback, while small enough to drive around in an urban setting, is roomier on the inside than it looks. A tall person would certainly have enough headroom and might have just enough legroom to be totally at ease. The trunk is also large enough to fit at least one ZebethMedia reporter comfortably. Beneath the trunk is a hidden compartment for additional storage, although a spare tire wouldn’t go amiss should Sono decide to add that in. The back seats go down flat — perfect to chuck a bed in the back in case someone really wanted to test the limits of a solar powered battery and go camping with the Sion. “This can replace the mini van,” said Goldberg. “You can go shopping in it. You can feel comfortable parking it. And because it’s so inexpensive I think it makes it a lot easier for families. I have grandkids who can afford this. This is what I’d recommend for my family.” The inexpensiveness of the car also explains why the interior is, if not Spartan, then simple. The seats are comfortable enough, but nothing plush and soft like you’d find in a luxury car. I didn’t see a cupholder in the backseat, only two in the front, which may put off American families, but there were little pockets on the backs of the driver and passenger seats. The dashboard was also simple, with a 10-inch touch display screen which controls the infotainment system. The system has Apple CarPlay and Android Auto integrations, Bluetooth hands-free calling, climate control, and apps that display information about solar power, energy consumption and charging/discharging control. The only notable flourish in the cabin was a line of decorative moss, placed behind some sort of plexiglass, just ’cause. Goodbye, range anxiety? Sono Motors Sion charging port. Image Credits: Rebecca Bellan The Sion’s matte black outer shell consists of 456 integrated solar half-cells that collect energy from the sun and drip feed that energy into the battery. The car’s display features an image of the car that’s constantly updating to show how much solar power is being collected from the different panels and how that contributes to the total range. The Sion’s 54 kWh lithium iron phosphate battery — made by BYD — offers a 190-mile battery range, with an additional 70 to 150 miles extra per week from the sun. This is made possible by the Sion’s proprietary motor control unit (MCU), which Christian Scheckenbach, Sono’s head of communications, told me is the brain of the solar system. “We have low voltage coming from the solar panels, with seven circuits going to the MCU, and then you get high voltage into the DCU,” said Scheckenbach. “You can get a lot of energy yield this way compared to solar panels that are on a house. And it allows us to update in real time rather than every few minutes so we can see what is the max yield we can get out of the system. So it’s a mix of hardware engineering and software to create the overall solar system.” The battery, which charges in the front of the car, has plugs for 75 kW DC and 11 kW AC chargers, as well as a plug that allows for bidirectional charging up to 11 kW. Sono says this allows the Sion to charge your e-bike, power your home, put energy back into the grid or even charge another EV. A smooth enough ride I didn’t get to drive the vehicle myself, and we were only doing laps in an empty lot, but the drive seemed…smooth enough. It certainly seemed like it had a nice turn radius, which is always helpful when making sketchy U-turns on city streets. There was an unfortunate moment when the vehicle stopped entirely and starting making a sound not unlike the noise my freezer makes when it’s trying, and failing, to make ice. “This is why this is a prototype and not a show car,” said Scheckenbach. He also said the Sion is not designed to be an EV race car — Sono is capping the speed limit at 140 kph, or about 87 mph. So it can still go on the highway, but maybe couldn’t hold its own in the fast lane. A direct to consumer car The Sion will

Subscribe to Zebeth Media Solutions

You may contact us by filling in this form any time you need professional support or have any questions. You can also fill in the form to leave your comments or feedback.

We respect your privacy.
business and solar energy