Jetson unveils its single-seat ONE eVTOL vehicle ahead of limited 2022 production

Swedish eVTOL startup Jetson has officially unveiled its Jetson ONE personal electric aerial vehicle. After a successful prototype in 2018, Jetson has created a consumer-grade version of the ONE eVTOL that has already sold out its limited production run for 2022 and is now taking orders for 2023.

Jetson is a Swedish startup founded by Peter Ternstrom and Tomasz Patan in 2017 that specializes in electric vertical take-off and landing (eVTOL) vehicles.

The global industry for eVTOL technology and commercial aerial transportation has over 150 different companies developing their own “flying cars,” but nearly all of them remain in the development stage.

We’ve previously covered other eVTOL vehicles like HT Aero’s X2 and Volocopter, who have shown proof of concepts but have yet to deliver any of their vehicles to consumers.

With its latest announcement, Jetson hopes to bring its new ONE personal electric aerial vehicle to customers in 2022.

Jetson unveils collapsible, single-passenger ONE eVTOL vehicle

In a recent press release coinciding with an Instagram post, Jetson has officially launched the Jetson ONE eVTOL aerial vehicle.

This single passenger vessel consists of an all-aluminum airframe chassis that houses a high discharge Lithium-Ion battery capable of a max output of 88 kW. At 86 kg (190 lbs), the Jetson ONE is also collapsible to 90 cm (35.5 in) wide when not in use.

Jetson Founder and Technical Director Tomasz Patan spoke about the design that went into the production version of the Jetson ONE:

The Jetson ONE is built around a rigid aluminum space frame with eight powerful electric motors.  It utilizes composite carbon fibre and cutting-edge 3D printed components, making it an extremely lightweight design.  It is also equipped with many safety features including a redundant propulsion system and a ballistic parachute.  It is a dream to fly.

Additionally, the Jetson ONE is equipped with LiDAR sensors that drive terrain tracking and obstacle avoidance.

When the first Jetson ONE’s make their way to customers next year, they will see flight times of 20 minutes (85kg /187 lbs pilot weight) and will be able to fly at a top speed of 102 km/h (63mph). The top speed on the ONE is currently computer limited.

Co-founder Peter Ternstrom spoke about the Jetson’s goals now that its flagship eVTOL has officially launched:

Our mission is to make flight available to everyone. The Jetson ONE is an electric helicopter that you can own and fly.  We intend to make everyone a pilot.

A dozen customers around the world will become the first Jetson ONE eVTOL pilots next year, as the company is initially rolling out 12 chassis in 2022, all of which have been reserved.

Jetson is currently offering five more Jetson ONE chassis for its 2023 production schedule, two of which have already been reserved.

Production on the 2022 Jetson ONE vehicles is scheduled to begin next summer, with deliveries to follow in the fall. Check out the official ONE launch video from Jetson below:

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Tesla Energy Generation And Storage Business: Q3 2021 Results

Tesla Energy Generation And Storage Business: Q3 2021 Results

Tesla Energy business expanded in the third quarter of this year in relation to the previous year, but remained stable compared to the previous quarter.

In Q3, Tesla Energy revenues amounted to $806 million (5.9% of the total revenues), while the cost of revenues stands at $803 million. The profit is pretty small.

Demand for energy storage products continues to far exceed the production capacity.

Total battery energy storage (Powerwall, Powerpack and Megapacks) deliveries increased:

  • 1,295 MWh (up 71% year-over-year)

Tesla announced a large 40 GWh Megapack factory, which will be located in California:

“Energy storage deployments increased by 71% YoY in Q3, mainly driven by strong
Megapack deployments. We recently announced our new Megapack factory with a capacity of 40 GWh, which compares to total Megapack deployments of 3 GWh in the last 12 months. We are very excited about the broader potential of this product.”

Tesla offers three types of ESS products:

  • Powerwall for home installations (13.5 kWh usable / 7 kW peak / 5 kW continuous per unit)
  • Powerpack for commercial installations (Up to 232 kWh / Up to 130 kW per unit)
  • Megapack (3 MWh units the largest project by utilities)
Tesla Discreetly Increases Powerwall 2 Price by $400

Tesla Powerwall

Tesla Powerpack To Charge Up Europe's Largest Community, Battery Project In Nottingham

Tesla Powerpack

Tesla Megapack Puts Powerpack In Large Packages

Tesla Megapack

Total solar installations (conventional panels and Solar Roof) deliveries were stable in the past quarter.

  • 83 MW (up 46% year-over-year)

“Solar deployments were 83 MW in Q3, increasing by 46% YoY, with cash/loan purchases accounting for nearly all solar deployments.”

Tesla’s solar solutions:

Tesla Solar Panels

Tesla Solar Panels

Tesla Solar Roof

Tesla Solar Roof

Tesla said that the Solar Roof installations doubled year-over-year, but we don’t know its share out of the total solar installations.

“Solar Roof deployments more than doubled YoY and continued to grow sequentially in Q3. We are making further cost improvements, particularly on the installation side, in order to increase the profitability of our energy division.”

Solar Roof is produced at the Gigafactory 2 in New York.

Tesla Model 3 is the fastest-selling EV of all-time with 24 units sold every hour

Tesla Model 3 is the fastest-selling EV of all-time with 24 units sold every hour

The Tesla Model 3 is the fastest-selling electric vehicle of all time, with over 24 units sold every hour, based on the vehicle’s average number of units sold every year. The Model 3 beat out some stiff competition to establish itself as the fastest-selling EV in the world, including the Model Y, which has overtaken the Model 3 as Tesla’s best-selling vehicle.

A new study from LeaseLoco worked out which vehicles can claim to be the fastest and best-selling cars on Earth. Electric vehicles, while relatively new to the automotive sector on a mass-market scale, are becoming more mainstream every day. Tesla is without a doubt the most popular EV brand on Earth, and although the automaker has not yet reached the scalability or output of the world’s largest car companies, it is well on its way. If the figures obtained by LeaseLoco are any indication of what is in store for Tesla, the automotive sector can expect a new dominating force in the world of vehicles. It won’t be Ford, it won’t be Volkswagen, it won’t be GM, it will be Tesla.

Tesla sells about 24.5 Model 3 units every hour, according to the data. On average, Tesla has sold 215,000 Model 3s per year, slowly but surely increasing manufacturing numbers on almost a monthly basis. That number will, without a doubt, increase by the time 2021 comes to a close, as Tesla is on pace to sell nearly 900,000 cars in 2021, with about half being Model 3s.

Credit: LeaseLoco

Fending off stiff but familiar competition, the Model 3 still outsells the Wuling HongGuang Mini EV from China, which is extremely affordable but lacks even the most basic features, like power windows, for example. Nevertheless, the HongGuang Mini EV is still a reputable vehicle due to its sales record. 125,925 units sold on average, equating to about 14.4 units sold every hour. The vehicle is a part of a joint partnership from General Motors-SAIC-Wuling in China.

The Model 3 was not the only vehicle Tesla had on the list, either. The Model Y, despite only being about 18 months into its lifespan as a Tesla vehicle, captured third on the list with 100,000 average units sold per year, equating to 11.4 units sold every hour. Pretty impressive for a relatively new car and Tesla’s first attempt at a crossover.

Compared to gas vehicles, the Model 3 is the 30th fastest-selling car of all time. The car with the best sales per hour rate of all-time is the Nissan Sentra, selling 182 cars per hour or 3.03 every minute.

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Tesla Model 3 is the fastest-selling EV of all-time with 24 units sold every hour

NIO Day 2021 to be held in December amid plenty of new model rumors

EV automaker NIO has just announced that its annual “NIO Day” 2021 event will be held at the Olympic Sports Center in Suzhou, west of Shanghai on December 18. NIO Day 2020 was held in early January of this year, and the event is usually when the automaker introduces new models. That trend should continue this year as the automaker is expected to reveal at least two new models and possibly an entirely new vehicle brand. Here’s what we know so far.

NIO ($NIO) is a publicly traded Chinese automaker founded in 2014 that has quickly established itself as a leading brand for electric SUVs with its ES8, ES6, and EC6 offerings.

At 2020’s NIO Day event held this past January, NIO revealed it was expanding outside of SUVs as it  unveiled its flagship sedan, the ET7. The ET7 will be the first of three EVs to debut on the NIO Technology Platform 2.0 in 2022.

In addition to bringing a luxury EV sedan to market, the automaker followed up in May with plans to expand to markets outside of China, beginning in Norway.

While Norway will not see the ET7 until 2022, NIO has already begun official deliveries of its ES8 SUV, which has long been accompanied by hints of further expansion plans for Europe, particularly in Germany.

In September, NIO confirmed it will soon sell the ET7 in the German market, set to begin deliveries in 2022. Following announcements like 2020’s ET7 reveal, consumers and investors alike look forward to NIO Day as an event associated with new models to come.

This year should be no different, and very well could include a new auto brand altogether, in addition to new NIO models.

NIO’s ET7 sedan, unveiled at NIO Day 2020 Photo: NIO

NIO Day 2021 confirmed for December 18

According to a post from NIO’s Weibo page, its annual NIO Day event will take place at the Suzhou Olympic Sport Center Stadium on December 18. The massive sports complex is home to a 45,000-person stadium and indoor arena capable of holding 13,000 people.

With the ET7 revealed at the previous NIO Day, the company could have at least two more new models to unveil to the public in December based on previous statements.

New model rumors

In NIO’s Q2 financial results report, founder, chairman, and CEO William Li cited the aforementioned 2.0 Platform and the models that will see it first:

We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan. As the EV adoption begins to reach a tipping point worldwide, we believe it is imperative to speed up the launch of new products to provide more premium smart EV offerings with superior holistic services to the growing user base in the
global market.

The second vehicle to debut on this platform could very well be the ET5, a mid-sized sedan priced below the ET7. According to rumors uncovered by CnEVPost, sources familiar with the matter believe the ET5 will in fact be unveiled at NIO Day 2021.

The ET7 is currently priced between RMB 448,000-526,000 ($70,000-$82,000) in China without EV subsidies. The ET5 is reported to arrive as a competitor to BMW’s 3-Series or Audi’s A4, at a cost below RMB 300,000 ($47,000).

Additionally, a research note sent to NIO investors by Deutsche Bank’s Edison Yu’s team this past August, said it expects the third EV on the NIO Technology Platform 2.0 to be a luxury MPV (multi-purpose vehicle, or glorified minivan), or a high performance sports coupe called the EF9.

A new NIO sub-brand?

In a call with investors following NIO’s Q2 report, William Li announced the company’s plans for a new brand for the mass EV market, and that preparations had already been accelerated.

Li compared the relationship between NIO and this new brand to the likes of Lexus and Toyota, and Audi with Volkswagen. Li shared hopes that the mass market brand could deliver EVs priced lower than Tesla in China.

All in all, the ET5 feels very likely to debut this December at NIO Day 2021, and could be joined by another NIO brand vehicle, whether it’s an MPV or sports coupe.

What’s even better, the public may also see the debut of an entirely new EV brand altogether, sure to try and make a mark in the mass market of China and beyond.

Check back with Electrek for the latest NIO Day 2021 rumors as we look to confirm more announcements for you leading up to December’s event.

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BP Officially Joins BMW And Daimler As A DCS Shareholder

BP has officially joined BMW Group and Daimler Mobility as the third shareholder in the Digital Charging Solutions GmbH (DCS) joint venture that provides charging solutions for OEMs. Each of the companies hold an equal share of about 33.3%, as announced in August.

DCS’s platform provides access to more than 300,000 charging points in 30 countries. In Europe, the coverage is above 85% of the public charging infrastructure (mostly through roaming between all the individual charging networks).

Using DCS’s platform, manufacturers can offer their own services like “Mercedes me Charge”, “BMW Charging” and “MINI Charging” to their customers.

“DCS’s services are essential for the electrification strategies of the automotive industry. The company works with premium and high volume OEMs to integrate its charging solutions into the vehicles’ operating systems and the OEMs’ digital ecosystems. Digital Charging Solutions GmbH stands behind the CHARGE NOW brand in the YOUR NOW Joint Ventures of BMW Group and Daimler Mobility AG and operates charging services such as “Mercedes me Charge”, “BMW Charging” and “MINI Charging”.”

“And to support the transition of businesses and fleets to electric mobility, business customers can expect access to a 360° solution for electric and hybrid fleets that includes new and innovative charging services beyond fueling, tolling and washing offers.”

BP brings to the DCS capital an additional 9,000 charging points in Europe, including Aral Pulse in Germany and bp pulse in the UK. The company intends to have over 70,000 charging points globally by 2030.

In the near future, BP and DCS intend to launch the Plug & Charge feature, which will allow to charge the cars without the use of RFID cards or an app (identification, authorization and billing will be automatic).

In the case of BP, the Plug & Charge should be initially available on Aral Pulse ultra-fast chargers in Germany from Q1 2022.

Tesla Model 3 is the fastest-selling EV of all-time with 24 units sold every hour

OPINION: Analysts miss the mark on Tesla following Q3 Delivery Guidance

This is a preview from our weekly newsletter. Each week I go ‘Beyond the News’ and handcraft a special edition that includes my thoughts on the biggest stories, why it matters, and how it could impact the future.

Tesla is coming off its most successful quarter in company history. The Q3 delivery guidance saw Tesla deliver over 241,000 vehicles for the first time in company history, with production at a slightly lower rate than that. However, despite the bullish outlook for Tesla from a retail investor standpoint, analysts and media continue to miss the mark on the company, believing in their breakdowns that the automaker’s growth story will begin to stagnate. However, Tesla is averting several crises simultaneously, including parts shortages and opening new facilities.

The consistently baffling thing to me as a journalist and reporter that has covered the sector for over two years is that analysts continue to sit on a hill, ready to die on it. Just because they have been outspoken when writing notes regarding their negative outlooks on Tesla stock or deliveries, they are unwilling to admit their wrongs, for the most part. Tesla has continued a growth story that is one of the most impressive in perhaps the long and storied history of the automotive industry.

I’m not an analyst. I did work in finance before I ventured into writing for a career, but I am in no way an analyst or seasoned investor of any kind. However, I do recognize that there are obvious shortcomings in the descriptions of Tesla by some analysts, unwilling to give credit where credit is due. Tesla has been the only car company on Earth that has been able to avert the semiconductor shortage through in-house measures and efforts. Tesla’s software team absolutely killed it with the development and production of microcontrollers that would assist with the company’s efforts to avoid a production stoppage. Yet, despite all of this effort and hard work and dedication by Tesla’s highly talented team of engineers, there is relatively no credit given by analysts apart from Morgan Stanley’s Adam Jonas, who was baffled at the company’s ability to avoid the chip shortage.

‘How did Tesla find chips?’ Morgan Stanley breaks down impressive Q3 delivery performance

Meanwhile, other automakers like Ford, who have adopted EVs partially with their release of the Mustang Mach-E and eventual releases of the F-150 Lightning and E-Transit van, are experiencing drops in deliveries. Ford had a 23% drop in pickup truck deliveries, despite the F-150 being the most popular truck in the U.S. market. While SUV sales did rise 3.4% compared to Q2, the drop in pickup trucks is evidently a result of the chip shortage, as many manufactured but incomplete pickups sit in lots surrounding the company’s production facilities waiting for chips.

I don’t know this for a fact, but I feel as if mainstream media outlets would be singing the praises of companies like Ford, Chevy, GMC, or Honda if these companies were able to produce chips on their own and avoid the semiconductor issues. I do not necessarily like being accusatory of other media outlets, and I do not like going out of my way to believe that journalists have some kind of inside agenda. I believe all of us have a duty to remain fair and balanced and unbiased. But let’s be honest here, Tesla is not getting the attention or the credit it deserves. The semiconductor shortage is plaguing so many industries, and Tesla is averting it completely, somehow.

Companies are declining while Tesla has already reported eight consecutive profitable quarters, going for its ninth. We will find out if Tesla was profitable in Q3 next week during the Earnings Call on October 20th. However, the ability to conduct such consistent growth through deliveries in somewhat incredible, and I truly believe analysts are doing themselves and their clients a huge disservice by ignoring or avoiding such a tremendous growth story during such a trying time. Many of them will live to regret their decisions, whether it’s paid inside interests or a personal vendetta.

I think there is a reason many analysts with bullish Tesla outlooks are ranked so highly on TipRanks, while those who continue a bearish outlook are ranked tremendously low.

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OPINION: Analysts miss the mark on Tesla following Q3 Delivery Guidance