News
Lyft showed revenue growth, but didn't meet active riders expectation
[Q4] $969.9M revenue (YoY 70% increase); 7.7% adjusted margin (YoY 34 ppts increase)
[2021] $3.2B revenue (YoY 36% increase); 2.9% adjusted margin; 18.7M active riders as of Q4 (YoY 49% increase); $51.8 revenue per active rider (YoY 14% increase)
Uber beats expectation on revenue
[Q4] $5.78B revenue (YoY 83% increase); $25.9B gross booking (YoY 51% increase)
[2021] $17.5B revenue (YoY 57% increase); $90.4B gross booking (YoY 56% increase)
Volvo to invest $1.1B to Torslanda manufacturing plant in Sweden for fully electric cars
Volvo's Swedish factory to introduce mega casting method like Tesla
Tesla was holding $1.99B worth of Bitcoin at the end of 2021 with $27M total gains
Tesla to cut steering components of some Model 3 & Y cars to deal with chip shortage
Tesla applied to build a new cathode battery factory next to Gigafactory Texas
Nissan Motor to end new gasoline engines development for all markets except the US
Kia started to produce Sportage in Georgia US, along with Telluride, Sorento and K5
US automotive factories has another difficulties by Canadian truckers protests
Subaru's Solterra EV customers in the US will take a charging advantage from EVgo
Stellantis unveiled 2023 Alfa Romeo Tonale SUV
The US to invest $5B over 5 years for EV vehicle chargers
In CA, fewer autonomous vehicles tested on public roads in 2021, but drove more miles
AutoX, a Chinese autonomous-driving company, is about to test in SF with permits
Cruise to launch self-driving taxi and e-hail service in Dubai, Emirate by 2023
George Soros bought 20M shares of Rivian Automotive at the end of 2021
Xpeng expands to EU from Sweden with a self-operated store and selling in dealerships
Huawei won't be an automaker, but keeps partnering with OEMs to use self-driving tech
Public self-driving taxis were launched in western Seoul
Faraday Future partnered with Myoung Shin to produce FF81 EV in South Korea
Porsche acquired a stake in Fazua, a light e-bike manufacturer
Morai, a Korea-based automotive simulation startup, raised $20.8M Series B funding
Waabi, a self-driving truck tech startup, launched a closed-loop real-world testing simulator
What3Words addressing is available to Domino's pizza ordering platform
Lyft builds its own map platform to optimize uses cases for drivers
Harman to acquire Apostera, a German-based automotive AR tech company
Basemark, a Finnish automotive software company, to provide AR application for BMW iX
Shift5 raised $50M Series B funding for a solution preventing transport cyber attacks
#Lastmile_Micromobility_Logistics
Swing, a Korean e-scooter startup, raised $24M Series B funding for expansion to Japan
Gojek launched GoCar Premium, on-demand luxury car-hailing service in Singapore
Acton, a US e-mobility startup, acquired Duckt for docking and charging services
GoTo Global, an Israeli car-sharing company, to go public through a shell company merger
Jeep and Razor sell an e-scooter for off-road riding
Neuron Mobility integrated its e-scooter service with Google Maps in UK
Helbiz, a NY-based e-scooter company, integrated Klarna's buy now pay later option
SK Telecom partnered with Joby Aviation to develop eVTOL taxis
Frontier to buy Spirit Airlines for $2.9B and become the 5th largest air carrier in the US
Regent's e-seaglider flying low over the water raised $18M funding with sales to Mesa Air
Odys Aviation raised $12.4M funding with VTOL after rebranding from Craft Aerospace
40 out of 49 newly launched SpaceX satellites fell out due to solar storm
Astra's first rocket failed to make a planned orbit
CATL was still the world's top selling battery firm in 2021 followed by LG Energy Solution
Graphex Technologies and Emerald Energy Solutions to process graphite in Michigan US
Renault backed a moratorium on deep-sea mining despite the France's investment priority
Nvidia canceled Arm acquisition, and SoftBank announced Arm's plan to go public in Q1
EU announced Chips Act to attract Asia and US key players to the region for manufacturing
Reports & Articles
TomTom Traffic Index 2021 (TomTom): Istanbul is the world's most congested city followed by Moscow, Kyiv, Bogota and Mumbai. Congestion level decreased by 10% compared to pre-COVID time.
Lifetime cost of small car $689,000; society subsidizes this ownership with $275,000 (Forbes): A Germany focused research calculates the lifetime ownership cost for personal vehicles, the most expensive household goods, including payments for maintenance as well as public costs for free parking spaces.
Why this could be a critical year for electric cars (The New York Times): A higher-level but comprehensive summary for the era of battery-powered vehicles including impacts on climate, labors in conventional car industries and raw materials pricing for batteries. Also see the readiness of respective OEMs for EVs.
Used car market up despite volatile year (SMMT): UK used car transactions increased YoY 11.5% in 2021 despite COVID restrictions. Petrol showed the highest transaction in fuel type. Ford Fiesta and Vauxhall Corsa are top 2 best-sold models.
If you need more readings...
Elon Musk's SpaceX Starship event leaves a lot of questions around the company's big rocket (TechCrunch)
Augmented reality finds a foothold in cars via safety features (TechCrunch)
Rivian loses its shine as investors fret about production delays (The New York Times)
The autonomous vehicle ecosystem landscape: 10th edition, January 2022 (Orsay Consulting)
Sidewalk detection and safety monitoring are creating 'watershed moment' for micromobility (Smartcitiesdive)
Cookies 🍪🍩
Tesla's Cybertruck has been delayed, but its hype is continued: A 3rd-party accessories for transforming from a truck to a boat
A Tesla FSD Beta driver posted a video: the vehicle is running into a pole
Schwarzenegger to be with BMW's EV in the Super Bowl ad
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