Earnings preview of key companies reporting next week and what to look out for.
Jaguar Land Rover has developed a mobile energy storage unit for sale in partnership with UK startup Allye Energy using used batteries from plug-in hybrid Range Rover models, the two companies said on Tuesday. The companies said a single Allye MAX Battery Energy Storage System (BESS) uses second-life batteries from seven Range Rover and Range Rover Sport plug-in hybrid vehicles (PHEV) and can store 270 kilowatt hours (kWh) of energy, or enough to power a British home for close to a month. The European Union has mandated that over the next decade a growing proportion of materials in EV batteries must be recycled and that automakers focus on second-life uses for batteries - such as energy storage that uses healthy batteries that no longer have sufficient power to move EVs a long distance.
When the Jaguar E-type was unveiled in the early 60s, even Enzo Ferrari conceded the sleek coupe was “the most beautiful car in the world”.