NEWS
Automotive
Tesla Q2 2022 results: smaller than expected quarterly profit drop. $16.9B total revenue (42% increase Yoy); $2.5B operating income (88% increase Yoy); 14.6% operating margin; $2.27 adjusted profit per share v. $1.81 market consensus; 259K total production (25% increase Yoy); 255K total deliveries (27% increase Yoy); sold 75% of its Bitcoin holdings - Full IR report
Tesla may launch Cybertruck in mid-2023
Mexico provides Tesla with an exclusive lane at US-Mexico border for faster supply logistics
Hyundai Q2 2022 results: best quarterly profit in 8 years. ￦36T revenue (18.7% increase Yoy); ￦2.98T operating profit (58% increase Yoy); ￦3.09T net income (55.6% increase Yoy); 976K global wholesale (5.3% decrease Yoy); 53K full-electric model sales (49% increase Yoy) - Full IR report
Rolls-Royce and Hyundai to develop urban air taxi with hydrogen fuel cell by 2025
GM Korea halts its production in 2 factories since last week due to a refusal of supplying parts
GM unveiled 2024 Chevrolet Blazer EV starting from $45K with up to 320 miles driving range
Honda to reduce its car production by 30% in Japan due to supply chain issues
Toyota, Daihatsu and Suzuki to produce small commercial e-vans and light duty e-trucks from next year
Ford may cut 8K jobs in coming weeks for cost reduction and focusing on EV production
Volkswagen CEO Herbert Diess to leave; Porsche CEO Oliver Blume to take it over
Volkswagen North America CEO Scott Keogh to become CEO of Scout, an independent entity for e-pickup trucks and SUV
Porsche expects better revenue in 2022 than last year
Stellantis to terminate the Jeep production joint venture with GAC in China
Mercedes-Benz to invest €1.2B in Vitoria, Spain plant for new model productions including EVs
Rivian plans to broaden commercial EV types and produce millions of vehicles annually after 2030
Xiaomi may unveil its first EV prototype in August
Lastmile_Micromobility_Logistics
Amazon to roll out Rivian's electric vans for deliveries in the US
Zoox applies for a robotaxi test permit in California with its VH6 model
Baidu unveiled a robotaxi, Apollo RT6, with 48% less production cost than its previous model; to operate Beijing's suburban in 2H 2023
Uber to pay millions $ compensation to users due to disabilities act violation
Didi had $1B fine by Chinese gov't due to cybersecurity issues
Gbike, a South Korean shared e-scooter operator, to acquire ZET, Hyundai's micromobility platform
TIER partners with Splyt to provide its shared-mobility service via superapp and travel app
Lyft laid off 60 employees and closed off in-house car rental service
Just Eat Takeaway reduces 390 jobs in France due to market dynamics
Battery_Material
Ford's new deals for batteries: CATL -to use cheaper and secure batteries for its electric pickup trucks and SUV from 2026; Rio Tinto - to develop secure supply chain for aluminum and other essential materials; ioneer - to supply BlueOvalSK with annually 7K tonnes of lithium carbonate for 5 years; Vale Indonesia & Zhejiang Huayou Cobalt - to build a new nickel plant in Indonesia
CATL seeks new battery plant sites in Mexico
Tesla delays its own battery production plan and relies on suppliers for this year
Envision Group, a Chinese company, partners with Spanish government to build a new EV battery plant
Samsung SDI broke ground a new battery plant in Malaysia with the $1.3B investment
SK On, a South Korean EV battery maker, raised $3.1B pre-IPO funding
Ola Electric to invest $500M in a new e-scooter battery innovation center in India
Zapbatt partners with Toshiba to make a new lithium titanium oxide battery for micro-mobility
Northvolt and Stora Enso, a forestry company, are studying to produce a battery raw material from lignin, a forestry byproduct
EnergyX, a lithium extraction startup, to raise $450M funding with a plan for IPO
Volkswagen partners with STMicroelectronics to develop a new semiconductor
REPORTS / ARTICLES
Germany sells a monthly public transit ticket for €9, almost free, from June to August, to mitigate inflation and vehicle emissions. Traffic congestion level in German cities in June became lower compared to May, according to TomTom's research. (Full Article - Reuters)
More Readings...
Tesla investors bet on recovery and fantasy (Reuters)
As EVs go mainstream, a rush for share of home charger market (Reuters)
Montreal-based dcbel is one startup helping homeowners use EVs as backup power (Emerging Tech Brew)
Solid-state EV batteries could cut carbon emissions further, says climate group (Reuters)
Can Alto succeed at employee-driven ride-hail? (TechCrunch)
New documents reveal 'huge' scale of US government's cell phone location data tracking (TechCrunch)
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