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[Week 1, Feb 2022] Mobility News Archive



General Motors beat expectations despite chip shortage

  • [Q4] $33.6B revenue (YoY 10% decrease); $1.7B net income (YoY 39% decrease); 5.2% net income margin (YoY 2.4 ppts decrease); $1.35 adjusted earning per share

  • [2021] $127B revenue; $10B net income; 7.9% net income margin; $7.07 adjusted earning per share

  • 2022 outlook: Higher operating profit this year as a semiconductor shortage has signs of improving; Accelerating investments in EV

Read full IR report

Ford significantly miss expectations

  • [Q4] $37.7B revenue (YoY 5% increase); $12.3B net income (YoY 15B increase); 32.6% net income margin (YoY 40.4 ppts increase); $0.26 adjusted earning per share

  • [2021] $136.3B revenue; $17.9B net income; 13.2% net income margin; $1.59 adjusted earning per share

  • 2022 outlook: Up to 25% higher profits; Accelerating transition to EV including Mustang Mach-E & Lightening with cost-cutting, and F-150 pick up launching

Read full IR report

More to come: Mercedes-Benz (Mar 11); Volkswagen (Mar 15)


  • Tesla to recall FSD Beta from 53K+ cars in US due to rolling past function at stop signs

  • Tesla to recall 817K+ cars in US with OTA update due to seat belt reminder error

  • Tesla's "phantom breaking" is under reviewed by US NHTSA

  • Tesla's solar roof also has supply chain issues

  • Daimler renames to Mercedes-Benz Group to focus on passenger car brands

  • Mercedes-Benz says raw material scarcity slows down transition from fossil-fuel to electric

  • Cruise launches commercial robotaxi in SF with additional $1.35B funding from SoftBank

  • Volvo's sales in January decreased by 20.2% still due to component shortages

  • Volvo and Northvolt to build a battery plant in Sweden and open in 2025

  • Aptiv & Audi invested $285M in TTTech Auto, an ADAS software company

  • Jaguar to develop its own EV platform, Panthera, by 2025 for all EV models except I-Pace

  • Amazon takes 18% of Rivian's and 5% of Aurora's stakes

  • Ford to convert a train station in Michigan into an EV hub together with Google

  • Waymo is allowed to keep details of operations data secret for another 22 days

  • General Motors secured 110K+ new all-electric Chevrolet Silverado

  • Lightning eMotors became General Motors' specialty vehicle manufacturer for Class 3 to 6

  • Soelect, developing fast-charging lithium batteries, raised $11M funding from GM and more

  • New BMW EV drivers to be offered 30-min free charging sessions for 2 years

  • ElectraMeccanica to deliver SOLO Cargo EV to commercial customers in Q2

  • Annotel optimizing autonomous system's perception, raised $24M funding

  • Hearing in the US Congress on autonomous vehicles had no a big progress

  • Faraday Future to change leaderships due to inaccurate statements to investors


  • Tier, Lime and Dott teamed up with UCL to create a universal e-scooter sound

  • Dott raised additional $70M in Series B round

  • Ather, India-based e-scooter maker, to produce 1M scooters by end of 2022

  • Innovactory, Dutch-based mobility startup, raised €1.5M funding

  • Bird and WeGo partner in Nashville TN, for Micro-Transit First strategy

  • Superpedestrian, e-scooter startup, raised $125M funding for safer riding

  • Leasys to provide Helbiz with 3K new e-scooters to expand coverage in Italy

  • Co-founders of Electric Last Mile Solutions resigned due to equity purchasing before IPO


  • Open Mobility Foundation launched data standard of curb spaces in the US cities

  • A plan for the first public transit gondola in Paris got a green light

  • Scotland gives free bus travel to all people under age 22


  • Joby Aviation seeks a permission to launch eVTOL air taxi in SF Bay

  • SpaceX launched Starlink Premium internet at $2,500 antenna & $500 monthly fee

  • Eviation's Alice, the first all-electric passenger airplane tested in US and ready to fly

  • ICEYE, capturing images from space with remote sensing raised $136M Series D funding

Reports & Articles

  • "Has LiDAR arrived?" (Forbes): A good summary about the recent activities of players in "LiDARVerse" including Valeo, Luminar, Cepton, Opsy, Velodyne and more

  • "Electric cars fend off supply challenges to more than double global sales" (IEA): EV sales reached to 6.6M globally in 2021, doubling from a year / tripling from 2 years earlier

  • More electric buses join transit fleets as costs and technology improve (Smartcitiesdive): The number of battery-electric public buses on the roads or on order in the US increased by 112% from 2018 to 2021

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