Chinese Automaker NIO with Solid State Battery, Ambitious Plans

NIO announces ET7 sedan w/new 150 KWh solid state battery w/625 miles range; German crushes Dec EV sales; Orsted et al. announce grant for offshore wind/H2 in N. Sea; DOE Sunshot Initiative 10 yrs on; MA goes all in on climate, offshore wind, and EVs

1) NIO Day in China: NIO announces sedan w/solid state battery at 625 miles of range by 2022, & amped up battery swap program (1.5 mn swaps to date).

2) Germany nails 43,000+ EV sales in Dec, 660% over prior Dec. In 2020 194,000 EVs sold (13.5% of all new cars)

3) Ørsted, Siemens Gamesa, ITM Power, & Element Energy garner €5 million funding to pilot combined wind turbine and electrolyzer system on offshore platform.

4) Ten years on, US DOE SunShot Initiative did pretty well, Aimed at cutting installed solar costs by 2020 to $1/W for utility-scale PV, $1.25/W for com'l rooftop, and $1.50/W for resi rooftop, they hit the utility numbers. Commercial resi was in mid-$2 range, and resi around $3, held back by economies of scale but also permitting, interconnection, and inspection costs.

5) MA passes climate legislation calling for 2050 net zero emissions, and setting 5-year targets. Offshore wind goal now at 5,600 MW & all new cars sold must be electric by 2025.