The electric vehicle (EV) leader, Tesla Inc TSLA, had an extraordinary year in 2023. However, 2024 is off to a rocky start, with Tesla witnessing a substantial $94 billion loss in market value within the first two weeks of the year. This marks the company’s worst start to any year in its history. Nevertheless, this setback is not unique to Tesla. Despite launching its highly anticipated electric pickup truck in 2023, Tesla’s CEO Elon Musk openly admitted to the daunting task of turning the Cybertruck profitable by 2025 and scaling its production, recognizing significant challenges ahead. Even Ford Motor F, the traditional pickup truck leader, revealed plans to halve the 2024 production of its electric F-150 pickup, the Lightning, signifying a broader slowdown in EV demand.
Meanwhile, Worksport Ltd. WKSPWKSPW, a provider of solar-powered tonneau cover SOLIS and portable battery system COR to Hyundai, made progress towards its Alpha Release of the COR portable battery system, a disruptive clean energy solution.
Worksport Nears Bringing Its Innovative Clean Energy Solution to the Market
Worksport has procured critical inventory parts for the Alpha Release of its COR portable energy system, showcasing effective supply chain management and confidence in forthcoming test results. The company’s agreement with Hyundai America Technical Center will see it supply prototypes of the SOLIS cover and a customized COR battery system for the Hyundai Santa Cruz pickup. Beyond enhancing the range of electric pickups and addressing range anxiety, the COR battery system is designed for independent use, providing power off the grid and empowering users in remote locations, such as camping sites and off-road adventures.
Promising a New Clean-Energy-Powered Future
A report by DTechEx underscores the pivotal role of ongoing battery technology innovation and charging infrastructure development for the future of electric pickups. Worksport’s SOLIS and COR power duo is set to play a historic role in ushering a new era of clean energy in transportation and energy industries by redefining the concept of powering EVs and reshaping the industry.
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