Week 4, September 2022 Mobility News Archive

NEWS

Automotive

  • Hyundai Kia are sued by drivers due to missing engine immobilizers in some models between 2011 and 2021 after a theft challenge on TikTok

  • Kia to start EV production in the US in 2024 to qualify tax credit in the Inflation Reduction Act

  • Ivoco unveiled prototype of eDaily, a large van model with hydrogen fuel cell from Hyundai

  • Xpeng launched G9 Flagship SUV with advanced ADAS and driving range between 570km and 702km depending on series

  • Fisker to launch Ocean e-SUV in Indian market in July 2023 and locally assemble vehicles in a few years

  • Tesla recalls 1M+ vehicles due to window detecting system error

  • Tesla completed a project for production capacity improvement at its Shanghai plant

  • Auto parts suppliers to increase prices from 7% to 20% towards OEMs including Ford

  • Ford expects additional $1B unexpected supplier cost in Q3; to restructure its global supply chain

  • GM to invest $760M in its Toledo, Ohio, plant to produce drive units for e-trucks

  • Hertz to order 175K+ EVs from GM over next 5 years for its rental car service

  • Renault to unveil its EV value chain including battery partnerships on a capital markets day in this year

  • Stellantis to produce more electrified duel-clutch transmissions for EVs in Turin, Italy, for doubled revenue by 2030

  • Volkswagen signed on MoU with Ellia, a Belgian high voltage transmission operator, for Vehicle-to-grid technology

  • Mercedes-Benz is ready to reduce up to 50% gas consumption for its production; it's only 10% reduction for now

  • Mercedes-Benz to build a wind farm in Germany by 2025 to cover 15% of its electricity demand

  • Mercedes-Benz recalls 100K C-class models due to moisture leaks to signal acquisition module

  • Daimler Truck and Futon Motor started to produce Mercedes-Benz branded trucks in Chinese local plant

  • Mahindra may raise $250M to $500M from global investors to make EVs

  • Toyota ended its vehicle production in Russia due to supply chain issue; Mazda is also in discussion

  • Bump, an EV charging stations operator, signed on $180M equity deal with DIF Capital Partners to install 25K charging stations by 2030

Lastmile_Micromobility_Logistics

  • Uber asked Indian drivers to ensure rear seatbelts

  • Rad Power Bikes, an e-bike maker, to launch a bike subscription service

Location_Invehicle_Technologies

  • Automotive OEMs including Toyota and Nissan to pay for the patent licenses of wireless technology through Avanci, a licensing marketplace

  • Xpeng launched City Navigation Guided Pilot, its advanced ADAS, and tests in Guangzhou

  • Seoul Robotics, an advanced ADAS platform provider, raised $25M Series B funding

Battery_Materials_Chips

  • LG Energy Solution signed on lithium and cobalt sourcing agreements with Canadian miners, Electra, Avalon and Snowlake

  • Nio to build 1K battery swapping stations in Europe by 2025 to serve its EVs to be sold from this year

  • Xpeng diversified its battery suppliers including EVE and CALB to respond the increased price of CATL

  • GM partners with Lithion Recycling, a Canadian battery recycler, to create a EV battery circular ecosystem

  • Nvidia unveiled Drive Thor, a next-gen chip for autonomous driving and in-vehicle infotainment to be produced in 2025

  • Qualcomm partners with Mercedes-Benz for chips to be embedded in infotainment and connectivity systems; and Red Hat for in-vehicle operating system

  • Leoparda Electric, a Brazilian startup planning to build battery swapping station, raised $8.5M seed round

More Readings...

  • Elon Musk faces skeptics as Tesla gets ready to unveil 'Optimus' robot (Reuters)

  • Volkswagen has gas supplies for winter but could see shortages next year (Reuters)

  • Europe's truckmakers stockpile gas as energy crisis worsens (Bloomberg)


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