News
Automotive
Ford's Q1 2022 results meet expectations: $34.5B revenue (5% decrease YoY); $3.1B net loss including $5.4B value loss of Rivian ($6.4B decrease YoY); $2.3B adjusted EBIT ($1.6B decrease YoY) - Read full IR report
Ford F-150 Lightning for is already sold out for 2022; to increase production to 150K units in next year
Ford to halt Mustang factory in Flat Rock next week due to a chip shortage
GM's Q1 2022 results beat expectations: $36B revenue ($3.5B increase YoY); 8.2% net income margin (1.1% decrease YoY); $2.09 adjusted EPS ($0.16 decrease YoY); Reaffirmed 2022 guidance - Read full IR report
GM to apply EV sales goals to executive compensation
GM unveiled a fully electric Chevy Corvette with Ultium battery platform
Hyundai Motor's Q1 2022 results are higher than expectations: ￦1.7T operating profit (16.4% increase YoY); ￦1.5T net profit (16.8% increase YoY) - Read full IR report
Mercedes-Benz's Q1 2022 results beat expectations: €34.9B revenue (€2B increase YoY); €3.6B net profit; €3.26 diluted earnings per share - Read full IR report
Mercedes-Benz sees no impact from the stop in Russia gas deliveries; still high remaining chips inventories in Q2
Mercedes-Benz to use Faurecia's Aptoide for in-vehicle control dashboard
Tesla to recall 14K+ Model 3 vehicles in China due to software issues potentially lead collisions
Tesla to recall 48K Model 3 Performance vehicles in the US due to speed display
Tesla's Model 3 to be purchased by Dallas County,in the US for local police
Tesla used lithium iron phosphate (LFP) battery in half of vehicles produced in Q1 inestead of nickel-cobalt-Manganese (NCM) cell
Lucid to sell up to 100K vehicles to Saudi Arabia over 10 years
Volkswagen and BP to expand Flexpole EV charging network in EU & UK by 2024
Volkswagen to expand its US plant to produce e-pickup and ID.Buzz
Stellantis to invest $200M for new Fiat 500L EV production in Serbia
MAN resumed its truck production after 6 weeks due to supply chain disruption
Mobileye started autonomous driving test in Miami, US and Stuttgart, Germany
Hertz expects strong rental car demand in summer vacation
Dat Bike, the first domestic e-bike in Vietnam, raised $5.3M Series A funding
Lastmile_Micromobility_Logistics
Baidu and Pony.ai received permits for driverless ride-hailing service in Beijing, China
GM to spend additional $2B for Cruise this year
OnTime, a Chinese ride-hailing service, raised $153M Series A funding from Pony.ai and Weride.ai
DoorDash extends 10% gas fee rewards program for delivery workers
Swvl, an Egyptian mass transit company, adquired Volt Lines - a B2B transportation operator and to acquire Zeelo - a UK based smart bus platform
Neuron Mobility, a Singaporian micromobility company, raised $43.5M Series B funding
Voi to partner with Drover AI in Oslo to prevent scooters' sidewalk riding
VisionNav Robotics, a Chinese robot maker, raised $76M Series C funding
Aviation_Space
DJI, a Chinese drone company, to suspend businesses in Russia and Ukraine
Hawaiian Airlines signed up a deal with SpaceX for free in-flight wi-fi service
Pyka, autonomous electic plain maker, raised $37M Series A funding
Marai Flight, a UK-based private jets booking service, raised $3M funding
Reports & Articles
German automakers still had a high dependency in 2021 on non-renewable energy sources including natural gas and coal for their operations. (Reuters)
Automakers are interested in Vehicle-to-Grid or Home (V2X) EV charging. BREK Electronics and Emporia Energy are already selling or ready to sell bidirectional chargers. But, safety and capacity are still challenges. (TechCrunch)
More Readings...
Mobility's net-zero transition: A look at opportunities and risks (McKinsey&Company)
Column: Automakers go back to the future to secure battery metals (Reuters)
The race to add more public EV chargers (SmartCitiesDive)
Have you enjoyed?
Subscribe a weekly newsletter now and meet us on every Monday in your e-mailbox!