NEWS
Automotive
Volkswagen's Q2 sales dropped by 22.4% worldwide; 25.7% in western Europe; 16 to 18% in China and Americas
EU's court ruled Volkswagen's defeat device is illegal in certain temperature conditions
Renault's 1H 2022 car sales dropped by 30% due to Russian operations closure
Daimler Truck to start Mercedes-Benz e-bus assembly in Brazil in this year
Mercedes-Benz's Q2 sales dropped by 16% YoY due to supply chain issue and China's COVID lockdowns
New passenger car registration in Europe recorded the lowest number in June since 1996
Toyota unveiled 4 new Crown models including SUV for Japan and oversea markets
Hyundai to build a new EV production factory by 2025 in South Korea
Hyundai officially unveiled Ioniq 6, its first EV sedan with 610km range
Hyundai unveiled 2 concepts of N brand, RN22e and Vision 74
Geely unveiled a new brand Radar Auto focusing on outdoors, and its first e-pickup truck, RD6
VinFast simultaneously opened 6 stores in California
VinFast received $1.2B incentive package for its EV plant in North Carolina
GM and Pilot Flying J, a travel operator, to develop 2K EV charging stalls at travel spots across the US
Tesla is ordered to reimburse a German customer for Model X SUV due to unreliability of autopilot in city driving
Tesla's price could be lower if inflation slows down, Musk says
Tesla to shutdown its San Mateo, CA office and layoff 229 employees
Arrival, UK based EV maker, to layoff 30% of workforce and reorganize its business
Rivian to layoff 5% of its workforce
Aston Martin raised ￡650M investment from Saudi Public Investment Fund
Rimac started Nevada electric hypercar production
Iveco to exit from its operations in Russia and transfer its stake to a local partner
Lightship, an all-electric RV startup, raised $23M Series A funding
Lastmile_Micromobility_Logistics
Walmart to purchase 4,500 all-electric last-mile delivery vehicles from Canoo
Amazon to expand a drone delivery to Texas A&M community
An anonymous letter raising concerns of Cruise robotaxi malfunction was delivered to the authority
May Mobility, an autonomous ride-hailing startup, raised $111M Series C funding
Lime to pilot a camera-based advanced rider assistance system for riders on sidewalk in San Francisco and Chicago in August
HumanForest launched a shared e-moped in London with a full renewable energy
Autoliv and POC develop a bike helmet containing airbag inside
Location_In Vehicle_Technologies
Michelin acquired RoadBotics, a US-based startup for road infrastructure image analysis
Battery_Material
Panasonic to build a new battery plant in Kansas with up to $4B investment and $1B state incentive package
Panasonic plans to enhance its battery energy density by 20% by 2030
Ford and SK On finalized establishing a JV, BlueOval SK, for a new EV battery plant in the US
Volkswagen America partners with Redwood Materials to recycle EV batteries from its brands in the US
Umicore to invest $1.2B in a new plant for EV battery materials manufacturing in Ontario, Canada
Ganfeng Lithium, a China-based lithium compounds producer, to acquire Lithea, an Argentina-based lithium minor
REPORTS / ARTICLES
Fintech, ecommerce and mobility market trends in ASEAN countries, a Morgan Stanley report: SeaMoney and GoTo win over Grab in 2021 in fintech industry. Shopee by Sea is still at a top position in the region. Grab is still strong in mobility and delivery sectors. (Full article - TechinAsia)
in Q2 2022, EV sales jumped by 13% from Q1 and by 66% compared to Q2 2021 while the entire new vehicle sales dropped 20%+ in the US. (Full article - Cox Automotive)
More Readings...
Analysis: Chevy's electric Blazer SUV fights to stand out in a crowd (Reuters)
Drivers face black or white choice to speed up new-car delivery (Reuters)
For EV battery makers, it's go small or go home (Reuters)
The speedy downfall of rapid delivery startups (Wired)
Meet the all-electric RV startup steered by Tesla alumni (TechCrunch)
Battery recycling could be the next investor darling of the EV era (TechCrunch)
EV tax credits begin to phase out as more consumers look to electric vehicles to avoid high gas prices (SmartCitiesDive)
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