NEWS
Automotive
New York plans to reduce greenhouse gases 85% by 2050: requires 35% of vehicle sales to be zero-emission by 2026, 68% of sales by 2030, 100% of sales by 2035
Tesla unveiled Optimus, a prototype of humanoid robot, available for mass production and sold under $20K
Tesla delivered 343K EVs in Q3; expects to produce 495K Model Y and 3 vehicles in Q4
Tesla added Joe Gebbia, Airbnb co-founder, to its board of directors
Ford unveiled 2023 Super Duty with 5G wireless network, upgraded powertrain options and infotainment
Porsche did IPO at €75.43B valuation, the biggest listing in Germany since 1996; Volkswagen gained €9.6B from the IPO
Citroen unveiled concept of new EV, oli, under 1 tonne weight, 110 km max speed, made from recycled cardboard
BMW unveiled new XM, a plug-in hybrid SUV with 644 horsepower, starting from $160K
BMW expects 7-9% margin target, 10% fully electric sales this year, sales growth in 2023
Mercedes-Benz signed on a letter of intent with Hegelmann Group to order 50 battery electric long-haul trucks, to be produced from 2024
Mercedes-Benz and Volvo suspending factory operations in South California due to hurricane
Arrival produced its first e-van built at UK Microfactory after cutting 2022 delivery target from 400 to 20 vehicles
Geely acquired 7.6% share of Aston Martin
Toyota to produce a small e-sedan, bZ3, in China by year-end with BYD's battery
Toyota's YoY vehicle production increased 44.3% in August; maintain 9.7M vehicles for annual production target
Foxconn started to produce Lordstown's Endurance e-pickup truck
Faraday Future raised $100M funding from a Hong Kong based investor to launch its first model, FF91
Sollers, a Russian automaker, may buy Mazda's stake in Russia
Hertz partners with BP to build an EV charging network with thousands of chargers in North America
Lastmile_Micromobility_Logistics
Grab expects less loss in 2H 2022, 45% to 55% YoY group revenue growth in 2023, break even by 2H 2024
Uber partners with Stellantis' Free2Move to electrify 50% of vehicles in France
Argo AI offers its robotaxi service in Austin, Texas, via Lyft app
May Mobility and Via launched wheelchair-accessible autonomous shuttles in Minnesota
Papaya, a UK based light EV solution company for lastmile deliveries, raised $3.5M funding
Location_Invehicle_Technologies
Mobileye filed for IPO to the US market
Amazon unveiled Eco Auto 2nd gen, a smaller and slicker device to use Alexa voice assistant in vehicles
BMW to use Amazon's Alexa to build own voice assistant system
New features in Google Maps: immersive view, neighborhood vibe, live view search, eco-friendly routing
Battery_Materials
Volkswagen and Umicore to set up a JV for materials production and recycling for EV batteries in Europe
Nio invested $12M AUS in 12% stake of Greenwing Resources, an Australian lithium company
SK On signed on MoU with Global Lithium Resources to secure spodumene supply
GM partners with OneD Battery Science to use silicon nanotechnology in Ultium battery cells
Gogoro signed a 5 year credit facility agreement to raise $345M funding
More Readings...
How Volvo is leaning on software to drive its next great safety revolution (TechCrunch)
Toyota president calls meeting California zero-emissions requirements 'difficult' (Reuters)
Auto suppliers feel the green squeeze as carmakers get clean (Reuters)
Factbox: How Germany's industrial giants are preparing for winter (Reuters)
Why United Airlines is betting $1B on flying cars (Emerging Tech Brew)
Don't let flying taxis be the next scooters, city planners warn (SmartCitiesDive)
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