News
Automotive
Hyundai Motor to invest $10B in the US by 2025 for robotics, urban air mobility, autonomous driving, etc. including $5.5B investment in EV and battery plants in Georgia, US
Hyundai Motor to invest ￦21T by 2030 to produce 45% of EVs in South Korea
Mercedes-Benz to use Sila's silicon-based anodes battery in new G-Class models from 2025
Mercedes-Benz to focus 75% investment on luxury models; to exclusively sell EVs in 2030
Renault unveiled a prototype of hydrogen fuel cell-powered SUV, Scenic Vision
Renault to sell 68% of Avtovaz stake to Russian science institute
Moskvich, Russia's Soviet-era car, to be rebooted using previous Renault's factory
Ford recalls 350K vehicles due to engine fire cases; 310K heavy-duty trucks due to an airbag issue
Argo AI, Ford & Volkswagen backed robotaxi startup, started driverless tests in Miami and Austin
Stellantis expects more than double revenues in India by 2030 with bigger opportunity than China and Russia
Volkswagen is in talks with Mahindra for a partnership to supply EV components
Tesla agreed to build an EV & battery plant in Indonesia
Tesla AI Day will be hosted on Aug 19, according to Elon Musk's twitter
Tesla stopped taking Cybertruck orders from outside of North America
Tesla recalls 107K+ Model 3 & Y vehicles due to an infotainment systems issue
Rivian CEO bought 41K shares of company stock after Ford sold its shares
Rivian filed a suit against Commercial Vehicle Group due to a doubled price on a custom seat package supply for Amazon vans
Canoo to delay EV production in Arkansas and Oklahoma plants to 2023 due to supply chain issues
Nissan & Mitsubishi unveiled a small EV for Japanese market with a 180km range
Chinese gov't may be in talks with EV makers about a continuation of subsidies in 2023
NAMX, a Afro-European startup, unveiled the design of its hydrogen fuel cell vehicles, to be produced in 2023
Lastmile_Micromobility_Logistics
Bird's Q1 2022 financial results: $38M revenue (48% increased YoY, but decreased compared to Q4 2021); $10.4M net income ($39.6M net loss in Q4 2021); updated 2022 guidance to be $275M to $325M, lower than previous forecast $350M
Dott, a European e-scooter sharing company, launched its service in Tel Aviv, Israel
Uber to launch EV ride service with Tesla and Polestar vehicles via a partnership with Hertz
Uber and Grocery Outlet to pilot on-demand and scheduled delivery in CA, OR and WA
Gopuff, a instant delivery startup, may have an investment from Bob Iger, the former chairman of Walt Disney
Flink, a German instant delivery startup, acquired Cajoo, a similar business in France
And More...
Optibus, AI-based mass transit planning & operations platform, raised $100M series D funding
BMW i Ventures invested in Mangrove Lithium, a Canadian company for battery-grade lithium production
ChargeLab, a Canadian EV charging optimization software startup, raised $15M series A funding
CMA CGM to take 9% of Air France-KLM share for an air cargo partnership
Boeing launched CST-100 Starliner spacecraft and successfully docked with International Space Station
Wingcopter partners with Continental Drones to launch 12K drones in Sub-Saharan Africa potentially for medicine and food supply
Reports & Articles
As the demand of nickel surged 16.2%, the market recorded 168K tonnes supply shortfall in 2021. This year, a supply surplus of 67K tonnes is expected, thanks to the increased production capacity in Indonesia. (Reuters)
Takeaways from Uber's Go Get 2022: new features in ride-hailing including for travel scheduling and EV experience; autonomous delivery pilots and voice ordering in Uber Eats, and more. (TechCrunch)
More Readings...
Analysis: Tesla brand threatened by Musk harassment claim, criticism of Democrats (Reuters)
Even Amazon can't quite figure out what Astro is for (TechCrunch)
New Bluetooth attack can remotely unlock Tesla vehicles and smart locks (TechCrunch)
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