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Week 3, August 2022 Mobility News Archive



  • Honda FY2023 Q1 results: still many uncertainties in the market; ¥3.8T sales revenue (6.9% increased yoy); ¥222B operating income (8.6% decreased yoy); 5.8% operating margin (1.0 ppt decreased yoy) (Full IR presentation)

  • Rivian Q2 2022 results: $1.7B net loss; $1.62 adjusted net loss per share; 98K R1 net preorders in North America; 100K EDV Amazon initial order; 8K vehicles produced as of June 30; reaffirmed 25K vehicles production target for 2022 (Full IR report)

  • Arrival Q2 2022 results: $89.6M loss; $76.2M adjusted EBITDA loss; expects to deliver 20 vehicles in this year compared to 400 in a previous estimation (Full IR report)

  • Canoo Q2 2022 results: $164M net loss; $0.68 net loss per share; 5,500 vehicles for committed sales; 27K EVs potential sales (Full IR report)

  • BMW and Toyota to co-develop hydrogen fuel cell vehicles; aim to start to produce new model in 2025

  • Toyota not to change the 9.7M vehicles production plan for this year despite of suspended factory operations due to COVID

  • Beijing Judian Travel Technology, a JV of Didi and Li Auto for making Didi's ride-hailing service EVs, filed for bankruptcy

  • Jidu, Baidu's EV arm, to deliver 800K robot cars in 2028

  • Tesla lobbies to the gov't of Ontario, Canada, to build a new factory in the country

  • Tesla sold two-thirds less made in Shanghai EVs in July than a previous month due to a scheduled factory upgrade

  • Ford to increase 2023 F-150 Lightning price by $6K to $8.5K due to high raw material costs

  • Ford partners with DTE Energy to change all electricity source in its Michigan plant to renewable energy by 2025

  • Tata to buy Ford's plant in Gujarat, India, stopped production in last year, for $91.5M

  • Hyundai to invest $400M in Boston Dynamics for setting up an AI institute for studies of advanced robots and intelligent machines

  • Kia to recall 100K+ Rio vehicles in Russia due to a possible airbag issue

  • Nikola appointed Michael Lohscheller, former CEO of Adam Opel AG, as next CEO

  • VinFast to provide pre-order buyers with $7,500 discount in the US if a new tax credit is no longer eligible

  • Autonomy, a CA-based EV subscription service, ordered 23K vehicles from various OEMs

  • Orange EV, a US-based e-truck maker, raised $35M funding

  • Electric America to install 200 charging stations at 25 IKEA locations across the US for public use


  • FedEx tests 10 Ford E-Transit vans in the US for its SameDay City Network as a part of zero emission goal by 2040

  • Baidu obtained a new permit for fully driverless robotaxi service in Chongqing, China

  • Softbank's Vision Fund sold its all remaining Uber's stake sometime in Q2 this year

  • Lyft launched a unit for in-vehicle digital ads business

  • Deliveroo may withdraw its business from the Netherlands market due to low growth


  • CATL to build a battery plant in Hungary with €7.3B investment, the largest one in Europe; Mercedes-Benz to be the first customer

  • Tesla to buy nickel for EV batteries at $5B worth from Indonesian companies

  • Siro, a JV of Farasis Energy and Togg, kicked-off a test production of EV batteries in Turkey


  • Global EV battery market share in H1 2022: CATL ranked the top with 34.8% market share; followed by LG Energy Solution (14.4%), BYD (11.8%), Panasonic (9.6%) and SK On (6.5%). (Batteries News)

  • New shape of investment in micromobility business during the pandemic: a regional focus moved from Asia to Europe; e-kickscooters has the major share, around 90%, of investments; 90% of investors to the market comes from institutional. (McKinsey)

More Readings...

  • Chasing green goals, corporations push car fleet managers toward EVs (Reuters)

  • Electric vehicles or hydrogen fuel cars? The inflation reduction act will fuel both (Forbes)

  • Burning cash, commercial EV startups race to deliver vehicles (Reuters)

  • Audi, Porsche, Kia says U.S. EV buyers will lose tax credit under legislation (Reuters)

  • Electric bus orders surge, but deliveries lag (SmartCitiesDive)

  • Tsunami warning: indoor maps (Map Happenings)

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