Inside Electric Vehicles - February 12th, 2020

Inside Electric Vehicles (Feb 12th, 2020)

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1. Hyundai will jointly develop an EV platform with startup Canoo. The vehicle platform will be based on Canoo’s proprietary skateboard design and will be used for future Hyundai and Kia electric cars, including its future “purpose-built” vehicles. Hyundai Motor Group has committed $87 billion over the next five years into future transportation initiatives, including mobility services, electrification and autonomous driving. Canoo will provide engineering services to Hyundai. Canoo was founded as Evelozcity by former Faraday Future executives, Stefan Krause and Ulrich Kranz. — TECHCRUNCH

2. Lyft beat analyst expectations in its Q4 2019 earnings report. The ride-hailing company lost $1.19 per share, versus $1.39 expected by analysts. Lyft also reported $1.02 billion in revenue, versus the expected $984 million. The company also beat analyst expectations when it came to active riders (22.9 million versus 22.8 million expected) and revenue per active rider ($44.40 versus $43.19 expected). However, there has been increased pressure on Lyft after Uber CEO Dara Khosrowshahi said Uber was moving its EBITDA profitability target to Q4 2020, earlier than Lyft’s goal of being profitable by Q4 of 2021. — CNBC

3. Lyft and Aptiv’s self-driving vehicle collaboration has resulted in 100,000 paid autonomous rides. The partnership, which consists of Aptiv self-driving vehicles giving rides through the Lyft app, started as a pilot in Las Vegas in January 2018. That pilot expanded past its original one-week timeline, with Aptiv eventually opening a 130,000-square-foot technical center in Las Vegas to house its fleet of autonomous vehicles and to develop the technology. The rides still have a back-up safety driver behind the wheel. — TECHCRUNCH

4. The National Transportation Safety Board (NTSB) disclosed new findings in the fatal crash of Walter Huang, who died in a March 2018 while his Tesla Model X was engaged in Autopilot. The NTSB said vehicle data showed Huang had taken corrective action after Autopilot had steered into the "gore area" in previous trips, but his hands were not detected on the steering wheel in the final six seconds before the fatal crash. The agency also found evidence that Huang had been using his iPhone during the trip, playing a word-building game called "Three Kingdoms." The NTSB said most players have both hands while playing the game, to support the device and to manipulate game actions. The agency will determine the probable cause of the crash on February 25. — AUTO NEWS

5. Self-driving sensor startup, Innoviz Technologies, is partnering with Chinese auto company, Shaanxi Heavy Duty. The companies will jointly roll out 600 autonomous trucks in Xi'an, China, one of China’s largest ports. Shaanxi Heavy Duty, which does business under the Shacman Trucks banner outside of China, is one of the country’s largest manufacturers of trucks. Innoviz is backed by auto suppliers Aptiv and Magna. — REUTERS

6. Tesla is reportedly building a pilot battery cell manufacturing line at its Fremont facility. The finding was made through a listing on Tesla’s job board, which is hiring a “pilot line production engineer for cell engineering.” Last year, it was reported that the automaker was working to build its own battery cells in a bid to reduce dependence on Panasonic, while the automaker also signed battery deals with CATL and LG Chem in China. — ELECTREK

7. Daimler slashed its shareholder dividend in a bid to conserve cash to invest in electrification. The company will still pay out about $1.1 billion to shareholders, which is a lower amount than the $3.8 billion paid out in 2018. Despite record deliveries of Mercedes-Benz vehicles in 2019, legal changes and restructuring cut Daimler’s net profit from $8.2 billion to $2.9 billion. — AUTO NEWS

8. Tim Grewe, GM’s director of battery cell engineering and electrification strategy, told Electrek that battery cell costs are “not anywhere close to the bottom.” The price of battery cells is crucial when it comes to expanding EVs, especially as some governments have implemented bans on internal combustion engines with deadlines in the next decade. Grewe did mention the company is working on bringing solid-state batteries to the market, which he said is “closer than” eight to ten years away. — ELECTREK

9. Some Tesla owners are complaining about IRS Form 8936, which is used to claim the federal EV tax credit. Initially, the form was not available in late January, which frustrated many on the forum thread. While the form is now available through the IRS, popular tax software TurboTax said the EV tax credit would not be available through its system until February 20, which has frustrated filers. — TESLA MOTORS CLUB

10. On Twitter, @ThirdRowTesla asks: where exactly is Rivian getting its battery cells? The EV maker has been quiet about the sourcing of its battery cells, which has raised questions from @ThirdRowTesla, as large automakers like Jaguar Land Rover and Mercedes-Benz struggle to source batteries. Rivian said vehicle production is expected to begin in the second half of 2020. — @THIRDROWTESLA/TWITTER

This newsletter was written and curated by Johan Moreno. Johan is based out of San Antonio, Texas and has covered technology and automotive extensively for a variety of publications, including Forbes and The Orange County Register. Follow him on Twitter @dudejohan

Edited by Sheena Vasani, staff writer at Inside.

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