NEWS
Automotive
XPeng Q2 2022 results: strong revenue growth in Q2 but concern Q3 due to COVID; 34.4K total deliveries; $1.1B revenue; $403M net loss; 10.9% gross margin (1.0ppt decreased yoy) (Full IR report)
UK announced a plan to rollout self-driving cars on roads by 2025; ￡100M funding for new laws and job creation (Original paper)
California to allow only electric or plug-in hybrids sales in the state by 2035 while prohibiting gasoline car sales
Ford reopened 2023 Mustang Mach-E reservation with higher starting price by $3K to $8.5K due to expensive raw material costs
Ford lays off 3K employees to reduce costs and focus on EV
Ford revised its outlook for Europe and delays its investment in Spain for production
GM to halt production in its Mexico plant for a week due to supply chain issues
Stellantis to halt its plants in Opel, Spain and Sochaux, France for a few days due to a chip shortage
Mercedes-Benz started all-electric EQS SUV model in Alabama plant
Mercedes-Benz to launch 3 new EV models in India; to domestically assemble vehicles and set up nationwide fast-charging network
McLaren to enter Indian market with its first retail shop in Munbai
Toyota to invest in Indian market with lower-cost hybrids; partners with Suzuki to make vehicles domestically
Toyota expelled Hino from Japanese truck consortium due to fuel emission scandal
Hino halted domestic sales of its small trucks due to missing required engine tests
Honda to reduce production target by 40% in September due to supply chain issues
Hyundai may speed up construction of its EV plant in the US due to tax credit exclusion for EVs assembled outside of North America
Hyundai and Kia recall 280K+ SUVs in the US due to potential fire; tell owners to park vehicles outside
Hyundai invests in BOS Semiconductor, a Korean based system-on-chip solutions provider
Kia teased EV9 SUV offering 540km range
Xiaomi talks with BAIC to collaborate in EV business
Juneyao Airlines, a Chinese career, may start EV business
Tesla asked Dawn Project to remove a video of its car with FSD hitting and running over a child-sized mannequin
Rivian started to deliver R1S SUV to non-employee customers
Porsche lined up IPO interest at $85B value; to announce its intention in early September
Pilot Company, an EV charging network developer, partners with Kodiak Robotics to provide travel center service for self-driving trucks
Lastmile_Micromobility
Grab Q2 2022 results: reduces gross merchandise volume expectation due to strong dollar and low food delivery service demands; $321M revenue (79% increased yoy); $5.1B GMV (30% increased yoy); $572M loss (29% decreased yoy) (Full IR report)
DoorDash's customer data were stolen by hackers
Tier Mobility lays off 180 employees, 16% of total staff due to funding difficulties
Socar, a Korean car-sharing startup, went to public in Seoul stock market
Location_Technologies
Waze to stop its carpool service from September due to different commuting patterns compared to pre-pandemic
Google to add labels for abortion providing healthcare facilities on Search and Map
Battery_Material
CATL is developing M3P, a new battery material technology, improving energy density by 10 to 20% and enabling 700km range per charge
Panasonic to build a new EV battery plant in Oklahoma, US, with $4B investment
Volkswagen and Mercedes-Benz signed on MoU with Canadian gov't to secure battery raw materials
Gogoro reached 0.5M 2-wheeler battery swap subscribers
More Readings...
EV reigned during Monterey car week (Tech Crunch)
Factbox: Automakers accelerate drive to secure battery raw materials (Reuters)
Do hybrid vehicles help or hurt the environment? (Reuters - Podcast)
Foreign automakers are big mad about the new EV tax credit (The Verge)
E-bikes, e-scooter use recovering after pandemic decline, NABSA shared micromobility report finds (Smartcitiesdive)
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