News
Automotive
BMW cut 2022 profit margin forecast (EBIT 7-9%) due to supply chain issues; EV plans is still unchanged (2021 Group Report)
BMW teased i7 as the first all-electric luxury sedan; 600km driving range
BMW and Volkswagen warned supply chain issues in automotive industry due to Russia's invasion
Volkswagen joined Initiative for Responsible Mining Assurance (IRMA) to meet ESG
Volkswagen may get a scrutiny for sudden braking in 2 models in the US
Volkswagen's Porsche Taycan is already sold out for 2022; expect faster EV growth
Porsche sets a goal for 80% sales with all-electric by 2030
Porsche to build its own global charging station network starting from Germany in next year
Ford's EV plan in EU - all vehicle sales with zero-emission by 2035: to launch 3 new passenger & 4 commercial EVs in EU by 2024; to sell 600K+ EVs per year by 2026; to increase production in Cologne, Germany; signed a MoU with SK On & Koc Holdings for EV battery development; and more
Ford Otosan, the JV with Turkey's Koc Holdings, to buy Ford Motor Co's Romania plant
Ford to deliver some Explorers without chips for rear seats climate controls
Ford developed Carbon 3D printers and KUKA-built robots talking to each other in same language without human interactions
Ford's new EV model in EU to have Volkswagen's MEB platform again
GM acquires Softbank's stake for the ownership of Cruise at $2.1B
GM to launch 2 new Super Cruise functions this summer: automatic lane change and trailering
GM to start Cadillac LYRIQ production next week and reopen orders in May
GM recalls Hummer EV pickup truck due to a software issue in taillights
Renault, the largest auto maker & seller in Russia lost 40% share price; chairman said the war is not threaten
Volvo and Starbucks to pilot 60 chargers at up to 15 stores from Denver to Seattle
Stellantis to slow down its production in Italy due to chip shortage
Maserati to offer all lineups with electric by 2025; to start from GranTurismo EV with 1.2K horsepower
Mercedes-Benz opened a R&D center in Shanghai focusing on connectivity, autonomous driving and data
Honda to upgrade its Ontario, Canada, plant with $1.38B investment including funding from feds and province
China's COVID impacts on car productions: Toyota & Volkswagen factories suspended
Auto makers are inspected by EU due to a suspicion of breaching cartel rules for recycling of end-of-life cars
Tesla halted Shanghai factory production for 2 days due to COVID restriction
Tesla increased price of all lineups: Model 3 from $47K, Model Y from $63K; Model S from $100K; Model X from $115K
Tesla started Full Self-Driving Beta 10.11 update to Early Access Program
Rivian named former Magna's executive as its COO
Lucid may raise price for future models due to inflationary pressure
XPeng also to increase price due to cost pressure of raw materials
Washington, US, to end new gasoline vehicle sales by 2030, 5 years ahead of California
Einride, a Swedish autonomous freight tech company, unveiled a remote pod operator
Lastmile_Micromobility_Logistics
Bird 2021 financial results: $205M revenue (increase 117% YoY); $91M ride profit before vehicle depreciation; -$196M net loss - Read full IR report
GoTo, a merged company between Gojek & Tokopedia to go public in April in Indonesia and raise $1.1B
Zomato, a food delivery service, to acquire Blinkit, an instant grocery delivery service, with value up to $750M
Getir, an instant delivery startup, raised $768M Series E funding
Fridge No More and Buyk to close fast grocery delivery service in New York City
Moove, an African vehicle financing company for ride-hailing drivers, raised $105M funding
Motto, a French startup, launched e-bike subscription service in Paris
Bear Robotics, a food robotics startup for restaurants, raised $81M Series B funding
Whale Dynamic, a Chinese autonomous delivery startup, raised $2.5M seed funding
Location_Technology
Google map was temporarily in outage
Google launched two solutions for last-mile delivery businesses - last mile fleet solution & cloud fleet routing API
Battery_Chips_Materials
Intel to build a new European semiconductor factory in Magdeburg, Germany, as a part of €80B investment
Northvolt to build a lithium-ion battery plant in Germany with a plan to produce batteries in late 2025
Gogoro unveiled new SSmartcore platform boosting processing speed and connectivity of vehicles' control units
Reports & Articles
Creative ways of OEMs to respond to chips shortage: Ford removes SUV's rear seat climate controls; BMW deletes touchscreen and park assist systems; GM removes heated and vented seats from SUVs; and more - Read full article (Forbes)
More Readings...
Seatrec's self-replenishing batteries could make ocean research cheaper (Emerging Tech Brew)
It's a perfect time for EVs. It's a terrible time for EVs (Wired)
China's tech firms in limbo amid COVID resurgence, US scrutiny (TechCrunch)
SLS vs. Starship: Rockets compared as NASA, SpaceX eye Moon and Mars (Newsweek)
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