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[Week 4, Feb 2022] Mobility News Archive



Stellantis beat its target profit around 10% in the 1st year of merger

  • [2021] €152 net revenue (YoY 14% increase); €18B adjusted operating income (YoY 95% increase); 11.8% margin; €6B free cash flows

  • 2022 guidance: double-digit adjusted operating income margin, positive free cash flows, unchanged economic & COVID conditions

Read full IR report


  • Volkswagen to spin off Porsche for IPO at value around €90B

  • Ford CEO confirmed no spin-off of EV or combustion engine business; to investment more in EV

  • GM to halt in-vehicle Marketplace service in mid-March; nothing announced for replacement

  • Tesla to run a new Gigafactory Shanghai for up to 2M car production capacity per year

  • US SEC investigates whether Elon and Kimbal Musk violated insider trading rules

  • Tesla to pay $275K fine due to air pollutant emissions from CA factory

  • Tesla seems to expand in-vehicle video games more via Tesla Arcade

  • Waymo won a lawsuit against CA DMV; can keep secrete certain self-driving tech details

  • Lucid to recall 200+ sedans due to potential safety issue on suspension

  • Einride, a Swedish freight tech company, purchased 200 e-trucks from BYD

  • A joint venture between Magna & LAN Manufacturing to open a new seating plant in Detroit

  • US cars will lose some in-vehicle connections due to the end of 3G network this year

  • Audi partners with Verizon to embed 5G to selected 2024 models in America

  • Nikola to deliver 300 to 500 EV semi-trucks in 2022 with up to $150M revenue expectation

  • Virgin Hyperloop laid off 110+ employees and will change its business direction

  • Hong Jing, a Chinese self-driving solution provider, raised $15M funding

  • Mini Oxford plant stops production for 5 days due to chip shortage

  • Toyota to provide free 1 year EV charging for bZ4X customers via a partnership with EVgo

  • Carvana, an online used car marketplace, acquired Adesa US Action at $2.2B value

  • Polestar announced Project 0, a commitment for climate neutral production by 2030

  • Nio seems to enter smartphone business; no official announcement yet

  • XPeng established robotaxi subsidiary, Guangzhou Pengxu Autonomous Driving

  • Volkswagen to have world premiere on March 9 for ID.Buzz EV; for launching in EU and US

(Source: Volkswagen)


  • Motional and Via launched robo-taxi in Las Vegas; expect fully driverless rides in next year

  • Zoomo, an Australian startup providing e-bike for delivery workers, raised $20M funding

  • Beam, a Singaporean shared-micromobility company, riased $93M series B funding

  • Revel, a US-based shared-mobility startup, raised $126M funding for EVC network

  • Tier Mobility partners Vertical Values to repair and reuse lithium batteries

  • Urent, a Russian e-scooter sharing startup, raised $28M funding

  • Leasy, a Peruvian financing start up for ride-hailing drivers, secured $17M equity and debt

  • US Postal Service to keep 90% fleet with gasoline as planned despite gov't favor in EV

  • Grab launched home cleaning services in Singapore


  • Spotify started to sell Car Thing, an in-car audio hardware device, in the US

  • RouteQ partners with to improve ride-hailing & logistics operational efficiency

  • DPD UK partners with What3Words to enhance precision of delivery locations

  • Robosense, a Chinese Lidar developer, raised $379M funding

  • Fast-delivery services may encounter regulations by New York City

And More...

  • Paris to ban private vehicles from city center by 2024 and expects 100K cars off from roads

  • Brussels to reshape city center to reduce traffic and have more green and public spaces

  • EHang was accepted by Chinese gov't for EH216-S AAV special condition certification

  • SpaceX launched 46 Starlinks and landed 100th Falcon 9 to the earth

  • Bosch to invest additional $296M to build more semiconductor production facilities

  • US gov't halts new leases for federal oil and gas drilling considering social cost of carbon

Reports & Articles

  • Russian invasion of Ukraine may cause further chip and battery shortage. More than 90% of US semiconductor-grade neon comes from Ukraine while nickel and 35% of palladium is sourced from Russia. Chipmakers say they have limited supply chain impact for raw material for now. Both Russian OEMs importing auto parts and European OEMs running plants in Russia may be impacted by sanctions.

  • Travel vs. Virtual tech. In Oct 2022, Zoom showed higher value than 15 biggest airlines in the world. Things changed. In recent weeks, stock prices of travel industry such as online travel agency, hotels and airlines showed positive while virtual techs like virtual meeting, home entertainment and delivery went down - Read full report

  • Bolt, a shared-mobility platform, is nudging users to select e-scooter instead of ride cars with simple changes in its app function. Also encouraged drivers to choose EVs with reducing commission fees for service - Read full article

More readings:

  • The role of mapping in shaping a new wave of tech innovations (Forbes)

  • Four top EV charging companies on their plans to win federal funds (Morning Brew)

  • At last, a self-driving car that can explain itself (IEEE Spectrum)

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