Tag: Better Place
Beleaguered EV start-up Better Place faced yet another blow this week, as Nissan CEO Carlos Ghosn declared that rapid-charging, not swappable batteries, will be the predominant charging technology for EVs.
Better Place is shutting the doors of its Australian and American operations, and will concentrate on its Danish and Israeli divisions. The New York Times reported the news just days after Evan Thornley, head of Better Place Australia, left his post as CEO after just three months on the job.
Better Place Australia’s future is in serious jeopardy after its CEO resigned, amid plans to restrict new investment to Israel and Denmark, Better Place’s main markets.
After launching a successful bicycle sharing service, Tel Aviv is looking to launch an electric car program using the same model, as a means of reducing private car ownership.
Shai Agassi thought Better Place was the secret sauce to spice up electric vehicle sales: Swappable batteries as a service, the answer to high battery prices (hidden in a pay-as-you-go model,) range anxiety and long charge times. Instead, Better Place emerges as a novel way to destroy money. Better Place posted third-quarter loss of $71.2 million, greater than $65.8 million a year earlier. The total loss for the January to September period stands at $203 million, Reuters says. Better Place accumulated losses of $561.5 million. (Read More…)
Shai Aggasi, the visionary behind the Better Place EV battery swap network, has been ousted, with Better Place Australia’s CEO replacing Agassi as global CEO.
A brief piece in the Wall Street Journal’s “Dealbook” discussed the potential of natural gas powered vehicles, largely as a way to stop falling prices for natural gas.
One hope for many natural gas producers reeling from collapsing prices is wider adoption of natural-gas-powered cars.
The biggest hurdle so far: lack of infrastructure to refuel them.
But Steven Mueller, CEO of Southwestern Energy, says if 10% of passenger cars were powered by natural gas, gasoline prices would fall by $1.60/gallon and gas producers would get 4 billion cubic feet/day in demand.
China has big plans for the electrification of its cars. After spending a whole day at Beijing’s airport a week ago, waiting for the smog (not the “fog” as it was officially called) to clear, all I can say: “Get on with it.” (Unless the electrification results in more smoke-belching coal-fired powerplants.) Better Place, the company that wants to swap the battery in your EV in the same time it would take to pour gas in your car, always wanted to have a piece of the Chinese action. Now, at least there is a first step into China. Today, China’s Southern Power Grid (CSG) and Better Place opened their “Switchable Electric Car Experience Center” in China’s southern city of Guangzhou.