top of page

Week 4, Apr 2022 Mobility News Archive



  • Tesla's Q1 2022 earnings beat expectations: $18.8B total revenues (81% increase); $16.9B automotive revenues (87% increase); $3.22 earnings per share; 32.9% automotive gross margin; 19.2% operating margin - Read full report

  • Tesla to produce robotaxi in 2024 and provide rides with the lowest cost

  • Tesla's Shanghai factory resumed; but producing a half due to components shortage

  • Tesla said Optimus robot, aimed for 2023, to be worth more than car & FSD businesses

  • Boring Company raised $675M Series C funding; valued at $5.6B

  • received a license to run 100 self-driving taxis in Guangzhou, China

  • Toyota to invest $383M in US plants to produce new 4-cylinder engine

  • Toyota unveiled Lexus RZ, the first battery EV from its luxury brand

  • Honda to lunch 3 new EV platforms including mini, medium and full-size each by 2030

  • Volkswagen resumed Changchun factory; not yet in Shanghai

  • Volkswagen-led consortium filed for EU antitrust clearance to buy Europcar

  • BMW 7 series, all-electric sedan, is on pre-sales in US & EU to be delivered in Nov 2022

  • Audi unveiled Urbansphere EV concept car, 2 feet longer than Cadillac Escalade

(Source: Audi)

  • Ford unveiled the concept of Lincoln Star, new e-SUV, to be lined up by 2026

  • Mercedes-Benz unveiled EQS e-SUV based on new EPA-2 platform

  • Rivian CEO is confident of producing 25K vehicle including R1T, R1S and Amazon vans in 2022 despite supply chain issues

  • Porsche dealership in Baltimore accepts cryptocurrency payment with Dogecoin & Shiba Inu

  • Stellantis suspends car production in Russia due to logistics issues

  • Penske ordered 750 Ford E-Transit cargo vans for truck leasing in North America


  • Lyft acquired PBSC Urban Solutions, a Canadian bikeshare equipment supplier

  • May Mobility, an autonomous shuttle service, partners with BraunAbility to modify their vans for ADA-compliant

  • UrbanPiper, an India-based restaurant management platform, raised $24M funding including investments from Swiggy & Zomato

  • Just Eat Takeaway may sell Grubhub in less than a year after acquisition

  • Deliveroo found guilty of freelancer status of riders in France; Deliveroo to appeal

  • GoTo raised $1.1B after IPO in Indonesia; returned to IPO price after 7 days trading

  • Uber to expand its food delivery business in Japan through a partnership with Rakuten

  • Uber & Lyft no longer require wearing masks for drivers & riders

  • Hero Electric and Bolt to set up 50K 2-wheeler EV charging stations in India in a year

  • Convey, a Seattle-based digital freight network. raised $260M funding


  • discounted its Level4 self-driving solution from $10K to 3K

  • TomTom expanded a satellite imagery partnership with Maxar

  • Toyota partners with Mapbox for flexible navigation look & feel for infotainment system


  • LG Energy Solution-led consortium to invest $9B for a mine-to manufacturing EV battery project in Indonesia

  • A JV between Magna International and LG Electronics to supply EV components to GM from Mexico factory

  • US DOE lent $107M to Syrah Resources, a graphite miner, for EV battery plant expansion in Louisiana

  • Schaeffler signed a deal with REEtec to source raw materials from Europe for EVs


  • SpaceX partners with JSX, a semi-private jet service, to install in-flight wireless internet with Starlink

  • Beta Technologies, US-based eVTOL developer, raised $375M series B funding

Reports & Articles

  • The cost of lithium-ion battery cells increased from $105 per kw-hr to $160 in Q1 YoY due to supply chain disruptions and sanctions on Russia. Despite soaring EV price, more people move to EVs with economical and emotional reasons. (Reuters)

  • A new report from Cities Today Institute and Superpedestrian says that mobility-hub cities can provide different transit and better fare options with e-scooter integration with public transit - Read full report

More Readings...

  • Jim Farley tries to reinvent Ford and catch up to Elon Musk and Tesla (NYTimes)

  • California wants to speed up the EV revolution (CleanTechnica)

  • European carmakers should wean off fossil fuels by 2040, Audi chief says (Reuters)

Have you enjoyed?

Subscribe a weekly newsletter now and meet us on every Monday in your e-mailbox!

bottom of page