News
Automotive
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
Lastmile_Micromobility_Logistics
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
Location_Technology
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
GPS networks can detect tsunamis better and cheaper than seismic sensors
Battery_Materials
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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