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Recharge Wrap-up: NextEV raises $500M, A123 execs beat fraud claims

Scientists at Cardiff University's Catalysis Institute have developed a new method to improve biodiesel yields. Using a new catalytic process, the team is able to use the glycerol left over from biodiesel production and make more methanol to produce more biodiesel. Using magnesium oxide and cerium oxide is simpler than other methods, requiring only one step at room temperature with normal atmospheric pressure. "We set out to establish ways in which the waste product glycerol could be used to form other useful compounds, but we were surprised when we found that feeding glycerol and water over such a simple catalyst gave such valuable products and interesting chemistry," says Professor Stuart Taylor. The system could increase biodiesel yields by as much as 10 percent. Read more at Gizmag, or from Cardiff University. A federal judge has dismissed a lawsuit claiming A123 Systems hid problems with Fisker from investors. The plaintiffs accused four A123 executives of failing to report Fisker's impending bankruptcy and issues with battery quality. US District Judge Laura Taylor Swain says there is not enough evidence showing that the defendants knew about problems with their batteries or about Fisker's financial difficulties. Read more at Reuters, or at Law360. Chinese startup NextEV is raising funds to build a Tesla-fighting electric car. The company, which plans to launch a supercar to match the acceleration of Tesla's Ludicrous Mode next year, has raised about half of its $1 billion goal thanks in part to investments from Sequoia Capital and Joy Capital. NextEV also plans to produce mass market electric vehicles at about half the price of a Model S. "Talking big is pointless," says NextEV cofounder William Li. "We develop the car purely from the angle of consumers. We most value what they would like the car to be. We want them to experience sheer pleasure of driving our car." Read more at Bloomberg. Featured Gallery 2012 Fisker Karma: First Drive View 23 Photos Related Gallery News Source: Gizmag, Cardiff University, Law360, Reuters, BloombergImage Credit: Copyright 2015 Drew Phillips / AOL Earnings/Financials Green Fisker Automakers Tesla Biodiesel Green Automakers Electric recharge wrapup

Automaker interest in open Tesla EV patents is decidedly lukewarm

Tesla Motors made big headlines when CEO Elon Musk announced a few weeks ago that he would open up all of the automaker's patents. The response has been interesting, to say the least, with some electric vehicle advocates and investor groups praising the news and others saying that what Musk did wasn't all that big a deal, in the end. "No major car company would be foolish enough to use Tesla's patents." – Motley Fool The Motley Fool, for example, says that the patents themselves are not all that revealing since, "There often is only so much information that you can get from a patent. Only Tesla knows how to put it all together in a cost-effective manner." And who's to say that once you dig into the patents, they won't be outdated? A search of the US Patent Office reveals 1,444 patents for "Tesla and motors" including some from inventor Nikola Tesla and other sources. The Washington Post says Tesla Motors itself only has around 300 patents. The Motley Fool also notes that Musk's statement was not a legal document and that, "no major car company would be foolish enough to use Tesla's patents based on some undefined words in a blog post by one executive who may not even be working at Tesla in five years." Then there's the fact that the battery technology that Tesla uses, linking up thousands of small format cells from Panasonic, is not something most other automakers have expressed an interest in. The cell patents belong to Panasonic and most automakers use larger format cells anyway. Still, there is some excitement over the announcement in the EV space. The most concrete evidence we have of a major global OEM working with Tesla are the stories about BMW and Nissan meeting with Tesla in secret to discuss charging technology. Details are sadly lacking, but BMW of North America's product and technology communications manager, Matthew Russell, told AutoblogGreen, "We can confirm that BMW Group executives met on June 11th, 2014 with Tesla executives. Both companies are strongly committed to the success of electric vehicles and discussed how to further strengthen the development of electro mobility on an international level. We are interested in the success of electro mobility, but we cannot comment on the business announcements from other companies." But the news has been greeted with a lukewarm 'meh' from most of the rest of the automotive industry.

Tesla China president steps down after fewer than 9 months on the job

In July, 2013, before Tesla had delivered its first car to China, CEO Elon Musk called the country a "wild card." A year on, that continues to be the case, with media reports all over the spectrum concerning how Tesla is doing in China. The immediate future won't be any calmer with news that Tesla China president Veronica Wu has resigned from the company, having just taken the job in April. Hers follows the sudden departure of Kingston Chang, the man she replaced; he was hired away from Bentley China in March, 2013 and left in March of this year citing personal reasons. Observers have put the latest departure down to the difficulties of Tesla's expansion efforts. In spite of widely acknowledged pent-up demand and the Model S being priced below expectations in China, the company has stumbled a few times navigating issues such as customs paperwork, on-time customer deliveries, navigation systems with local mapping and the installation of charging equipment for customers in rural areas. Speculative articles questioning the company's actual sales numbers in China inflate the narrative of a "speed bump" in the way of Tesla's ambitions. Tesla China's head of charger network development, Tom Zhu, will run the company in the interim.