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Week 2, May 2022 Mobility News Archive



  • Volkswagen Q1 2022 results: 1.9M vehicles delivered (21.9% decrease YoY); 2M vehicles sold (14.5% decrease YoY); €62B sales revenue (0.6% increase YoY); 13.3% operating return on sales (7.7% in Q1 2021) - Read full IR report

  • Volkswagen and Iberdrola to invest €10B in Spain to build EV and battery plants with a solar park

  • Volkswagen to keep using coal in its Wolfsburg plant, Germany, due to Russia gas issue

  • Volkswagen to use Qualcomm's system-on-chips for autonomous driving

  • Volkswagen sold out all 2022 EVs in EU and USA

  • BMW Q1 2022 results: 597K vehicles delivered (6.2% decrease YoY); €31B revenues (16.3% increase YoY); €10B net profit (259.5% increase YoY); €15.33 earnings per share (€4.26 in Q1 2021) - Read full IR report

  • Stellantis Q1 2022 results: 1.3M consolidated shipments (12% decrease YoY); €41.5B net revenues (12% increase YoY) - Read full IR report

  • Stellantis to invest $2.8B on Canada factories with gov't matching for better EV production

  • Stellantis to buy Share Now to lead a global car-sharing

  • Lucid Q1 2022 results: 360 vehicles delivered; $57.7M revenue; $81.3M net loss; 30K vehicles reservations - Read full IR report

  • Lucid to increase Air prices by $10 to 15K in June due to high raw material costs

  • Ford to sell 8M Rivian shares out of 102M; JPMorgan also to sell 13 to 15M shares

  • Rivian to get an incentive package up to $1.5B from the state for its EV factory in Georgia, US

  • Volvo sold 24.8% less vehicles YoY in Apr 2022 due to China's lockdown and supply chain issues

  • Aston Martin appointed the former Ferrari chief exec, Amedeo Felisa

  • Fisker unveiled the concept of Project Ronin, its 3rd EV lineup

  • Nio plans its secondary listing in Singapore considering tension between China and US; completed listing in Hong Kong

  • Atlis Motor Vehicles, e-truck developer, to go public on Nasdaq in this summer

  • CH-AUTO, a Chinese EV company, to go public on Nasdaq via SPAC

  • Biden administration to support $3.1B for domestic EV battery manufacturing

  • Car sales in China declined 48% in April YoY due to zero COVID shutdown

  • Wholesale used-car prices dropped by 6.4% since January 2022; but still 14% higher than a year ago

  • Sixt, a rental car operator, had a cyberattack globally


  • Lyft Q1 2022 results: $875.6M revenue (44% increase YoY); $196.9M net loss ($609M in Q1 2021); $24.6M adjusted net income ($114.4 adjusted net loss in Q1 2021); 17.8M active riders (31.9% increase YoY); $49.18 revenue per active rider (9% increased YoY) - Read full IR report

  • Lyft to resume the shared rides service in US cities

  • Uber Q1 2022 results: $26.4B gross bookings (35% increase YoY); $6.9B revenue (136% increase YoY); $5.9B net loss due to equity investments in Grab, Aurora and Didi - Read full IR report

  • Lime to withdraw e-mopeds service from NYC considering a competitor, Revel

  • Just Eat's chairman and COO to resign; shareholders criticising its loss and underperforming of Grubhub

  • Zepto, an India-based instant grocery startup, raised $200M Series D funding


  • GM and INRIX to provide US transportation officials with road safety data

  • Aurora introduced Beacon, a new fleet management platform, to monitor vehicle status and give alerts

(Source: Aurora)

  • GPS networks can detect tsunamis better and cheaper than seismic sensors


  • Sila Nanotechnologies to produce silicon-based anode battery having better energy storage and less China dependency; purchased a new plant in Washington state

  • CATL to build its first US battery plants in South Carolina to serve BMW and Ford

  • Group14, EV battery startup, raised $400M Series C funding led by Porsche

  • Glencore, to invest $200M on Li-Cycle, a battery-recycler, to reuse high-demand metals for EV batteries

  • Shenzhen State Fuel Cell Corporation to list on Nasdaq in early 2023 via SPAC

  • Tesla released the list of direct battery material suppliers including Vale for nickel

Reports & Articles

  • Chip makers are also struggling with a chip shortage to run their new tools for production boost. Hiring people is another challenge. The chip supply issue will remain till 2023 to 2024. (The Wall Street Journal)

More Readings...

  • As scooter activity rebounds, San Diego cracks down with new restrictions (SmartCitiesDive)

  • 'Hyperlocalized' service benefits micromobility users, regulators and the public, industry exec says (SmartCitiesDive)

  • The e-bike effect is transforming New York City (Bloomberg CityLab)

  • All the tech that got our attention at F1 Miami Grand Prix (TechCrunch)

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