How to make a new type of ‘smart’ car in 2017
Posted On May 23, 2021
The tech giant is making a big push into the automotive space, announcing the Salsbury Industry Company (SIC), a carmaker that will develop an electric vehicle with a range of between 20 and 40 miles, in an attempt to compete with Ford.
The car will be called the SIC and will be launched by the end of the year.
The SIC will use an internal combustion engine that runs on hydrogen, and a hydrogen fuel cell system, as well as an electric motor.
“It’s about making a vehicle that is more sustainable than gasoline cars, but at the same time not so environmentally-friendly,” SIC chief executive and cofounder Robert T. Maben told CNBC in an interview.
The company plans to roll out the first SIC vehicles in 2021, according to its blog post.
The electric SIC car is likely to be sold at a price of between $70,000 and $80,000.
SIC is hoping to win over the attention of the automotive industry with its innovative concept.
“SIC is one of the few companies in the industry that’s truly trying to do something different,” Mabens said.
“This is the kind of product that will get people excited about the technology.”
In the first quarter of 2017, the company generated $2.8 billion in revenue, according a press release.
The new car will have an electric battery that can store electricity from the vehicle’s solar panels.
The vehicle will also be able to run on batteries that will last for about 40 years.
The battery will last up to 300 miles on a charge.
The technology that is being developed is based on the technology that Tesla and others have been using to build battery packs for cars.
That technology uses a lithium ion battery, which is made of two types of lithium.
Lithium-ion batteries are widely used in consumer electronics.
“The technology that we’ve been developing over the last couple of years is very different from the technology Tesla has been using,” Mabaen said.
Tesla currently has about 70,000 vehicles that it sells in its fleet.
Tesla’s CEO Elon Musk has been vocal about the company’s plans to build a fleet of 100,000 electric vehicles by 2027, and that goal was also confirmed in a new report from Bloomberg Businessweek.
Mabaens said that SIC’s plans for a new car are not limited to the electric vehicle, but will also include a hydrogen vehicle.
“We have an internal electric car in the works that we are building,” Mbaen said, adding that the company has an electric hybrid car, which uses both a hybrid and an electric drivetrain.
“I think the hydrogen cars are going to be the next evolution of that.”
The car is expected to be priced between $30,000 to $40,000, and the company expects to have a launch date of late 2019, according the press release, which doesn’t give a price target for the new car.
Miben said that while it was not an exact match for Ford, the car company is in a position to do a better job than the Semiconductor company.
“Ford has been doing it for years, but we’ve had a better understanding of how it works,” Mibens said of Tesla and its technology.
“If they are building a car with more technology and innovation than we are, we’ll probably be able do it a lot better.”
Tesla has also been developing battery packs to be able store energy from solar panels, and it recently unveiled a new battery that is smaller and more efficient than the company had previously announced.
“They’re working on a number of technologies that are going into the car,” Mubaen said of the battery makers.
“Tesla is just trying to get in there, and we’re hoping to have an impact in the next couple of decades.”
A big hurdle for the Sic is getting approval from the Federal Motor Carrier Safety Administration.
“Our car is not going to go anywhere without the safety regulators’ approval,” Meben said in the CNBC interview.
“But we’re not going there, so we’re just waiting.”
Tesla’s announcement of a new electric vehicle is also not a surprise to those in the automotive world.
The automaker announced in November that it will begin production of a hydrogen-powered car, the Model 3, that will be the first electric vehicle to be built in North America.
In April, Tesla CEO Elon Puzder was quoted as saying that the automaker was “still looking at all the various forms” of an electric car, and said that it would not announce an electric SUV or hatchback at this time.
“In my view, the vehicle is going to happen one way or the other,” Puzden said at the time.
However, Tesla will not announce its electric SUV until the end