News
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
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
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
#Lastmile_Micromobility_Logistics
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
If you need more readings...
EVs to power Kenya's bus rapid transit system (TechCrunch)
Aptiv's latest investment shows that software-defined vehicles are here to stay (TechCrunch)
The big plans that built New York City (Bloomberg CityLab)
Why era of self-driving cars is still far off despite Elon Musk's big talk (South China Morning Post)
Enjoy Driving Remotely
Autonomous drifting with Toyota Supra (Mashable)
Testing Audi's E-Tron GT (Forbes)
I've fallen for that Cadillac Escalade (The New York Times)
Kia EV6 first driving (Electrek)
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