NEWS
Automotive
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
Lastmile_Micromobility_Logistics
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
Battery_Material
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
REPORTS/ARTICLES
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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