Electric vehicle corporate news for October 2022

gremlin/E Getty Images

Welcome to the October 2022 issue of Electric Vehicle [EV] corporate news.

October saw a historic result with sales of plug-in electric cars in September 2022 surpassing one million for the first time!Everywhere, records continue to be broken. In September 2022, sales of electric car add-ons set a new record, and we also recorded a record result for sales of electric car add-ons in China. What a month!

In October, the U. S. government took over the U. S. government. The U. S. Department of Agriculture awarded $2800 million in grants to help build a battery supply chain in the United States. The European Commission is implementing a similar plan to be known as the European Critical Raw Materials Act. This is all good news for electric vehicles, with governments stepping in now to help the progression of locally sourced chains. The EU also reached a provisional agreement to ban the sale of new diesel and petrol cars from 2035.

Global sales of plug-in electric cars ended September 2022 with a record 1,040,000 sales in the month, up 51% from September 2021, with a market share of 17% in September 2022 and 13% year-to-date.

Note: ~72% (not updated recently) of electric car sales so far this year are one hundred percent battery electric cars (BEVs), and the rest are hybrids.

Sales of plug-in electric cars in China reached a record high with more than 630,000 sales in September 2022, up 78% from September 2021 sales. China’s share of electric car market in September was 35% and 29% so far this year.

Sales of plug-in electric cars in Europe amounted to 250,000 in September 2022, up 7% from the previous year, reaching a market share of 24% and 21% so far this year. Norway achieved a percentage of 89%, Sweden 55% and Ireland 33%, the Netherlands 33%, Germany 32%, France 24% and the United Kingdom 22% in September 2022.

Sales of plug-in cars in the EE. UU. se reported on October 14, 2022 via CleanTechnica and stated that “automobiles as a whole accounted for approximately 6% of auto sales in the U. S. “”U. S. in the third quarter of Q3 2020. “

Note: Previous sales come with soft advertising vehicles.

Note: Thanks to Jose Pontes and the CleanTechnica Sales team for their work in compiling all the car sales indexed above and the charts below.

Global sales of plug-in electric cars via logo by September 2022 (source: CleanTechnica)

Clean technique

Global sales of plug-in electric cars through the YTD logo in 2022

Clean technique

EV sales will take off from 2022 as affordability kicks in

The graph below aligns with our studies that electric car sales will take off after 2022.

Mining. com courtesy of DoI, me

2022 – BloombergNEF Forecast for Global Electric Car Sales

BloombergNEF

According to BloombergNEF forecasts (by mid-2022), “sales of plug-in electric vehicles will increase from 6. 6 million in 2021 to 20. 6 million in 2025” and “by 2025, plug-in electric cars will account for 23% of new passenger vehicle sales worldwide, just under 10% in 2021. “

2022: BloombergNEF long-term forecast for electric cars (global share of electric cars to exceed 70% through 2040)

BloombergNEF

BloombergNEF forecasts a global market share of ~40. 4% of electric passenger cars in 2030 and 75. 3% in 2040 (published June 2022)

BloombergNEF

On October 14, Reuters reported:

The electric bus deal puts Oslo on track to achieve the goal of zero emissions. Oslo is on track to become the world’s first capital with an all-electric public transport system, aiming to achieve this by the end of 2023 as part of its goal. to equip the world’s first completely emission-free city by 2030.

On October 17, Automotive News China reported:

According to a study, the EU wants to develop electric cars to fend off Chinese competition. to gain a foothold in the EU. T

On October 18, Bloomberg reported:

Foxconn introduces pickups and crossover models to expand the diversity of electric cars. The Model V pickup truck will be built in Taiwan, Thailand, the U. S. and Canada. The indexed arm is Hon Hai Precision Industry Co. , introduced the Model B crossover SUV and Model V pickup truck on its occasion in Taipei.

New Foxconn Vehicles: Model V Electric Pickup and Model B Electric Crossover SUV (Source)

Foxcon

On October 19, Energy. Gov announced:

The Biden-Harris leadership is providing $2. 8 billion to boost US production of batteries for electric cars and the power grid. The 20 corporations will get a total of $2. 8 billion to build and expand commercial-scale services in 12 states to mine and process lithium, graphite, and other battery materials, make parts, and demonstrate new approaches, as well as making parts from raw materials. recycled. The federal investment will be matched across recipients to mobilize a total of more than $9 billion to boost American production of blank-force technologies, create good-paying jobs, and help President Biden’s national goals that cars Electric vehicles account for part of all new vehicle sales. . through 2030 and the transition to a net-zero emissions economy through 2050. . . . . . . DOE plans to temporarily act on new investment opportunities to continue to fill gaps and chain National Battery Acquisition Agency . . . . . . . The President also announced the launch of the US Battery Materials Initiative. . . . . . . The Initiative will coordinate domestic and foreign efforts to expedite the licensing of critical mining projects, ensuring that the United States United develop the resources that the country wants at the right time. and effective, while utilizing tribal consultation, network engagement, and environmental criteria to build smarter, faster, and fairer.

On October 21, Reuters reported:

Exclusive: Automakers to double spending on electric cars and batteries to $1. 2 trillion by 2030. . . The world’s largest automakers plan to spend about $1. 2 trillion by 2030 to expand and produce millions of electric cars, as well as batteries and unfired fabrics for that production, according to a Reuters investigation of public knowledge and projections published by those companies. The electric vehicle investment figure, which has not been released before, eclipses Reuters’ previous investment estimates and is more than double the recent peak estimate released just a year ago. Automakers have planned to build 54 million battery-electric cars by 2030, accounting for more than 50% of total vehicle production, according to the research. At this unprecedented point of electric cars, automakers and their battery partners plan to install 5. 8 teuncookedatt hours of battery production capacity through 2030, according to data from Benchmark Mineral Intelligence and manu manufacturers.

Note: Emphasis on the author. Trend Investing’s forecast for some time has been 75% of the market based on percentage by 2030, with around 64 million plug-in electric cars (including light commercial vehicles) sold during the year.

On October 26, U. S. News reported:

The government is offering $1 bill to schools to buy electric buses. Nearly 400 school districts across the country are receiving grants totaling $1 bill to purchase 2500 “clean” school buses under a new federal program. The trend away from classic diesel buses has accelerated. in recent years. Cash for the new purchases will be obtained under the federal Clean School Bus Program, which includes a $5 bill from the bipartisan infrastructure bill that President Joe Biden signed into law last year.

On October 27, Bloomberg reported:

France and Germany expand plan to protect European electric vehicle brandsArray. . . French President Emmanuel Macron is seeking German Chancellor Olaf Scholz’s support for a new plan to help European automakers compete with the U. S. The U. S. and China, after President Joseph Biden has defined large subsidies. for electric cars made in North America. . . the two leaders converged on the concept of making sure EU car subsidies are used for cars made in Europe.

On October 28, CNBC reported:

The EU reaches an agreement to ban the sale of new diesel and petrol from 2035. . . The European Parliament said EU negotiators had reached an agreement similar to the European Commission’s proposal for “zero-emission road mobility until 2035”. Formal approval of the Agreement is required through the European Council and the European Parliament before it enters into force.

On Oct. 29, Bloomberg reported, “Evergrande NEV Begins Delivery of First Batch of Automobiles. “

On October 29, the South China Morning Post reported:

China’s submarine fleet could soon run on lithium batteries. According to a Chinese Navy study, China’s giant fleet of traditional submarines could soon run on lithium-ion batteries thanks to advances in the country’s electric car industry. Use the iron phosphate techniqueArray. . . . . The Japanese Navy was the first to do so, in 2018. . . South Korea unveiled its first lithium submarine in 2021. . . . . Germany and France have also developed prototypes of lithium batteries for underwater use with plans for military service in the near future.

Company BYD [ELLE: 002594][HK:1211](OTCPK:BYDDY)(OTCPK:BYDDF)

BYD has lately ranked No. 1 globally with a market share of 17. 3% since the beginning of the year. BYD is ranked No. 1 in China with a market share of 28. 9% since the beginning of the year.

On October 3, Seeking Alpha reported:

BYD, subsidized through Warren Buffett, reported booming sales in September and the third quarter. Chinese electric vehicle maker BYD Company sold a record 201,259 new electric cars in September, up 184% from a year earlier, after selling 174,915 in August and 162,530 in July. Sales of natural electric cars increased 161. 5% year-on-year to 94,941 games and those of plug-in hybrid cars increased 214. 49% year-on-year to 106,032 games.

On October 4, Seeking Alpha reported:

German car rental giant will buy 100,000 electric cars from BYD. Germany SIXT, mobility and car rental company.

On October 5, Business Standard reported, “BYD India has sales of 15,000 EVs in 2023, to expand its portfolio and network. “

On October 10, CleanTechnica reported:

BYD will deliver 120 electric semi-trailers in 2022. . . . . The five sets of the semi-trailer, called Q3MA, were delivered through BYD Mexico to the shipping company Marva in Puebla, Mexico. noted in the name of this article, is that BYD plans to deliver 120 all-electric semi-trailers to its consumers by 2022.

On October 18, Nikkei Asia reported:

BYD arrives on the European vehicle scene to take on VW and Tesla. . . BYD has announced the launch of 3 cars in the European market. . .

On October 28, Seeking Alpha reported:

BYD Company Limited earnings of RMB5. 70B, cash of RMB117. 1B. BYD Company Limited (OTCPK:BYDDF): Third quarter profit of RMB 5. 7 billion ($786 million), up 350. 1% year-on-year and 105. 1% quarter-on-quarter in the quarter. RMB revenue 117. 1 billion, up 115. 6% year-on-year and 39. 8% quarter-on-quarter. The company expects to sell 1. 78 million, 3. 2 million and four million cars between 2022 and 2024, with an average turnover of 160,000, 170,000 and 170,000 RMB compatible with the vehicle.

Tesla Inc. (NASDAQ: TSLA)

Lately, Tesla ranked No. 2 in the world with a global market share share of 13. 3% since the beginning of the year. Tesla is No. 3 in China with a market share share of 7. 9% since the beginning of the year. Tesla remains the largest distributor of electric cars in the United States with about 66% market share share.

On Oct. 3, Reuters reported, “Tesla’s demanding logistics situations overshadow deliveries. “

On October 6, Seeking Alpha announced: “Tesla Increases Investment in S

On October 6, Electrek reported:

Tesla Semi begins production, Pepsi gets the first electric trucks. Elon Musk has announced that Tesla is producing Tesla Semi and Pepsi will get the first electric trucks starting Dec. 1.

On October 19, Seeking Alpha reported, “Tesla Non-GAAP EPS of $1. 05 beats $0. 04, from $21. 45 billion down from $510 million. “

Note: You can check the Tesla Q3 2022 update here. Elon discussed that Tesla could potentially make a percentage buyback of $5 billion to $10 billion next year.

Tesla Q3 2022 Results Summary Page

tesla

On Oct. 21, InsideEVs reported, “Tesla Model Y sales skyrocket, they may overtake Ford F-150 globally by 2022. “

On October 22, CleanTechnica reported:

The lower-cost Tesla will outsell all existing Teslas combined. . . CEO Elon Musk’s reaction was, “Well, we’re not talking about precise dates. . . you can clearly guess what we’re running,” which is this next-generation vehicle, which will charge about a portion of the load of platform 3/Y. It will be smaller, to be fair, but I think temporarily, it will temporarily surpass the product of all our other vehicles combined vehicles. “

On Oct. 24, Seeking Alpha reported, “Tesla cuts in China by as much as 9% amid slowing demand. “

On Oct. 29, Bloomberg reported, “Tesla begins cutting down German forest to expand car factory. “

Investors can read our previous article on investing in trends: “Tesla: A Look at the Positives and Negatives,” in which we evaluate inventory as a purchase. the split equals $16. 67). Investors can also read Tesla’s most recent article Trend Investing (which looks at Tesla’s humanoid robot perspective) here.

Volkswagen Group [Xetra: VOW] (OTCPK: VWAGY) (OTCPK: VLKAF)/ Audi (OTCPK: AUDVF)/ Lamborghini/ Porsche (OTCPK: POAHF)/ Skoda/ Bentley

The Volkswagen Group recently ranked No. 3 of the world’s best-selling electric car brands with a market share of 8. 3% (not updated) since the beginning of the year, and first in Europe with a market share of 19. 6% since the beginning of the year.

On October 13, Bloomberg reported:

Volkswagen will invest $2. 3 billion in an autonomous driving company in China. Automaker, Horizon target cost, energy-saving chip only. . . The new unit will expand assisted and automated driving systems for China, integrating many single-chip purposes into energy prices and consumption.

On October 14, the Volkswagen Group announced: “Volkswagen Group all-electric deliveries have more than 25 after nine months. “

On October 14, Autocar reported:

The Porsche Macan EV was delayed due to VW software issues. The electric SUV may not arrive until at least 2024, as flaws within Cariad’s software department delay progress.

On October 18, the Volkswagen Group announced: “The Volkswagen Group and Xanadu are a quantum simulation program for battery materials. “Highlights include:

On October 27, Reuters reported: “Volkswagen’s logo will produce electric cars in Europe until 2033 – head of logo. . . “

Wuling Automobile JV (SAIC 51%, GM 44%, Guangxi 5. 9%), SAIC Motor Corporation Limited [SAIC] [CH:600104] (SAIC Roewe, MG, Baojun, Maxus)

SGMW (SAIC-GM-Wuling Automobile) ranks fourth internationally with a market share of 7. 6% since the beginning of the year. SAIC/GM/Wulin JV (SGMW) plus SAIC is second in China with a share of 11. 3% since the beginning of the year.

On October 17, SAIC Motor announced:

SAIC Motor sold 517,000 cars in September. SAIC Motor, China’s largest automaker, sold 517,000 cars in September, setting a new monthly cap for the company. . . Official knowledge indicates that since this year, its new electric cars (NEVs) and sales have reached only about 700,000 units, either of which they are expected to exceed one million.

Geely Automobile Holdings Ltd. (OTCPK: GELYY, HK: 0175), Volvo Cars, Kandi Technologies Group (NASDAQ: KNDI), Proton, Lotus, ZEEKR. (Note: Volvo Group is an independent company that manufactures trucks and buses)

Geely/Volvo recently ranked number five in the global sales rating of electric car brands with a global market share of 5. 7% (not updated) since the beginning of the year.

On Oct. 27, Reuters reported, “Chinese automaker Geely’s new energy brand, Farizon, raises more than $300 million. . . “

On 27 October, Volvo Cars announced:

Volvo Cars reports third quarter results: despite multiple obstacles, demand remained strong. . . Electrified “charging” accounted for 25. 1% of total sales in the third quarter, of which 7. 4% were all-electric.

Hyundai (OTC: HYMTF), Kia (OTC: KIMTF)

Hyundai-Kia Group recently ranked number ~6 in the global sales rating of electric car brands with a market share of 4. 8% since the beginning of the year. The Hyundai-Kia Group ranks third in Europe with a market share of 11. 4% since the start of the year.

On October 3, Hyundai announced, “Hyundai Motor America Announces Record Retail Sales in September and Third Quarter 2022. “Highlights include:

On October 4, Hyundai announced, “Hyundai IONIQ 6 relieves anxiety with 614 kilometers consistent with charging. “

Hyundai IONIQ 6

Hyundai website

Source: Hyundai website

On October 4, Kia announced, “Kia announces September 2022 sales results. “Highlights include:

On October 20, Hyundai announced, “MotorTrend names 2023 Hyundai IONIQ five SUVs of the Year. “

Hyundai IONIQ 5

Hyundai website

On October 24, Hyundai reported:

Hyundai Motor Reports Third Quarter 2022 Business Results. . . . . .

On October 26, Reuters reported:

Hyundai Inaugurates 5. 5 Billion U. S. EVArrays. . . . in GeorgiaArray. . . Hyundai plans to begin ad production in the early part of 2025 at the large Bryan County plant, about 30 miles west of Savannah, which has an annual capacity of 300,000 units.

Stellantis N. V. (NYSE: STLA) (merger Fiat Chrysler Group and Peugeot S. A. (PCMCO: PEUGF) (PSA)) Ferrari (Jeep, Chrysler, Dodge and RAM are owned by FCA)

The Stellantis Group recently ranked 7th in sales of the global electric car manufacturer with a global market share of 5. 1% (not updated) since the beginning of the year. Stellantis ranks 2nd in Europe with a market share of 15. 6% since the beginning of the year. year.

On October 10, Stellantis N. V. reported, “Stellantis submits a non-binding memorandum with GME for the long-term absorption of battery-grade nickel and cobalt sulfate. “

On October 27, Stellantis N. V. reported:

Stellantis Hordain: First plant in the world to produce hydrogen, electric and combustion engine advertising cars. . . . . . By 2024, it will have a production capacity of 5,000 cars per year, reaffirming Stellantis’ ambition to be the leader in mass production. manufacturer of the hydrogen-powered advertising car market.

BMW (OTCPK: BMWYY), Mini, Rolls-Royce

The BMW Group recently ranked eighth globally as an electric car manufacturer with a global market share of 3. 5% since the beginning of the year. The BMW Group ranked fourth in Europe with a market share of 10. 8% since the beginning of the year.

On October 10, the BMW Group announced: “Dynamic expansion in electric mobility: BMW Group doubles its sales of electric vehicles. “Highlights include:

On October 19, the BMW Group announced: “BMW Group announces a $1. 7 billion [USD] investment to build electric cars in the United States and shows an agreement with Envision AESC for battery cells at the Spartanburg plant. “Highlights include:

On October 21, the BMW reported:

BMW invests 800 million euros in the electric vehicle plant in Leipzig. . . . . The Leipzig plant will get a capital injection of 800 million euros to boost the production of electric cars. The investment will come with a new battery meeting line and new mobile varnishing lines. BMW says the batteries will be used for its all-electric MINI Countryman. Between 2020 and the end of 2024, BMW will have invested more than 800 million euros to establish electronic parts production in Leipzig. In the future, this production domain will occupy around 150,000 square meters on the site.

Daimler-Mercedes (DDAIF) (DDAIY) (Smart – 50% JV between Daimler

Daimler-Mercedes is ranked number nine in the world with a market share of 2. 9%.

On October 11, the Mercedes-Benz Group announced: “Mercedes-Benz deliveries increased by 21% in the third quarter with demand. “Highlights include:

On October 16, Mercedes Blog reported:

Official: World premiere of the Mercedes EQE SUV in Paris. The luxury electric Mercedes is now complete. The Mercedes EQE SUV is the fourth style built on the committed EVA electric platform used in the Mercedes EQS, EQS SUV and EQE.

SUV Mercedes EQE

Mercedes website

On October 20, the Mercedes-Benz Group announced: “Mercedes-Benz announces an agreement with Rock Tech Lithium for the acceleration of electric vehicles. “

On October 26, the Mercedes-Benz Group announced:

Mercedes-Benz posts third-quarter earnings in challenging environment. . . Electrification accelerates: sales of Mercedes-Benz BEV passenger cars more than doubled; Eight battery electric cars are already on sale with the EQE SUV brought and the EQS SUV

On October 26, Mercedes Blog reported: “Mercedes-Benz is leaving Russia, selling everything. . . “

Groupe GAC (Guangzhou Automobile Group Co. Ltd. )

GAC Group is ranked number 11 internationally with a market share of 2. 7% since the beginning of the year.

On 20 October, CarNewsChina. com reported:

GAC Aion Y Plus introduced in the Chinese market, the price starts at 24,800 USDArray. . . . . The Aion Y Plus features 150 kW, 225 Nm permanent magnet synchronous motors. iron phosphate battery provided through GAC providing a diversity of natural electric cruising of 510 km.

GAC Aion Y Plus (source)

GAC website

XPeng Inc. (Xiaopeng Motors) (XPEV) [HK:9868]

On October 1, XPeng Inc. announced, “XPeng announces vehicle delivery effects for September and the third quarter of 2022; deliveries of the flagship G9 SUVs began in September. “Highlights include:

On October 3, XPeng Inc. stated, “XPENG receives the third consecutive MSCI ESG score from AA and earns the industry’s DJSI scores. “

You can watch a video titled “The World’s First Flying Car | XPeng X2”.

Great Wall Locomotive [HK: 2333] (OTCPK: GWLLF) (OTCPK: GWLLY) [ORA]

On October 11, Great Wall Motor announced: “GWM HAVAL H6 PHEV presented in Thailand. . . “

On October 12, Great Wall Motor reported:

Thanks to Forest Ecosystem, GWM sold 93,600 new cars in September, with a monthly expansion of 6. 14%. ORA sold 7,605 games in September. ORA GOODCAT, as a “wise and trendy new generation sports car”, has introduced other versions of the product for other scenarios, achieving a steady expansion in sales volume.

On October 18, The Driven reported:

“Big expansion:” Next Ora Cat specs, more GWM electric models on the way. Great Wall Motor (GWM) defined plans to introduce more electric models, most likely adding a new battery-electric sedan, in Australia in a recent sales report. The report, published Monday on GWM’s global website, came shortly before Tuesday’s global announcement of a “huge expansion” in the “new vehicle” segment, in a strategy it dubbed “The revolution is underway. “And, it needs to inspire the use of renewable and blank energy resources “whenever possible” by deploying solar-powered charging stations.

Ford (NYSE: F)

On October 4, Electrek reported:

Ford triples its electric vehicle sales year-over-year with a strong expansion in the Mustang Mach-E and gains a 3. 1 percent share of the electric vehicle market. 3. 1% of the market age. As the automaker looks to succeed in its target of 600,000 cycles by the end of 2023. . .

On October 5, CNBC reported:

Ford is raising the starting price of its F-150 Lightning electric pickup truck for now in less than two months. Pricing and supply chain issues. The starting value of the 2023 Lightning Pro model will be $51,974, an increase of about 11% and 30% from the truck’s value of $39,974 in May 2021.

On October 25, Ford announced, “Ford is taking the next steps toward carbon neutrality in Europe through 2035, signing memoranda of understanding with key suppliers for the delivery of low-carbon steel. “

On October 25, Reuters reported: “Ford and Hyundai discuss electric vehicle investments with Indonesia: Indonesia’s minister. . . “

On October 26, Ford announced, “Ford will leave Sollers Ford Joint Venture in Russia after seven months of suspension of operations. “

On October 28, Automotive News reported:

Ford is extending the deadline for dealers to invest in electric vehicles. Dealers will have one more month to decide whether to spend up to $1. 2 million on chargers and other upgrades the automaker requires for certification of electric vehicle sales after 2023.

Li Auto (LI) [HK:2015]

On September 30, Li Auto announced:

Li Auto Inc. introduces Li L8, its giant high-end six-seat SUV for families, and Li L7, its giant five-seat flagship SUV for families.

Li Automatic Li L8

Li Auto website

Li automatic Li L7

Li Auto website

On October 1, Li Auto reported:

Li Auto Inc. September 2022 Delivery Update. . . The company delivered 11,531 cars in September 2022, a year-on-year increase of 62. 5% Parent company. . . Cumulative deliveries of Li Auto cars reached 211,015 at the end of September.

NIO Inc. (NIO)

On Oct. 1, NIO Inc. reported, “NIO Inc. provides an update on September and third quarter 2022 deliveries. “Highlights include:

On October 8, Bloomberg reported:

Nio targets 4 new European markets for the deployment of electric vehicle models. . . . . After a year of modest sales in Norway, Nio will offer 3 models in Germany, Denmark, Sweden and the Netherlands, highlighting the movement with an occasion in Berlin on Friday.

Renault [FR:RNO] (OTC:RNSDF)/ Nissan (OTCPK:NSANY)/ Mitsubishi (OTCPK:MSBHY, OTCPK:MMTOF)

On October 11, Nissan reported, “Nissan announces its exit from the Russian market. “

On October 21, Groupe Renault announced: “Third quarter of 2022: 20. 5% increase in profits and good fortune from new launches. “Highlights include:

On October 27, Nissan announced, “The 2023 Nissan Ariya crossover was named ‘Editor’s Choice’ at the annual Newsweek Auto Awards. “

General Motors (GM)/Chevrolet

On October 4, Reuters reported: “GM will increase production of Chevrolet Bolt EVArray. . . “

On October 7, General Motors announced, “GM Defense will bring electric battery generation to the Defense Innovation Unit. “

On October 12, General Motors announced, “GM begins collaboration with Queensland Pacific Metals for Australian nickel. “

On October 25, General Motors announced:

GM reports third quarter 2022 results. General Motors Co. (NYSE: GM) today reported a third-quarter net cash source attributable to shareholders of $3. 3 billion and a third-quarter adjusted EBIT of $4. 3 billion in record cash of $41. 9 billion. GM reaffirms its full-year profit forecast.

On Oct. 25, General Motors said, “GM is securing all power to meet the renewable energy purpose 25 years ahead of the original goal. “

Polestar Automotive Holding UK (PSNY)

On October 7, CNBC reported, “Polestar confirms it will deliver 50,000 cars by 2022. “Highlights include:

Beijing Automotive Group Co. (BAIC) (including Arcfox) [HK:1958) (OTC:BCCMY)

On October 19, BAIC reported: “BAIC wins industry’s ‘double award’ with new energy innovation capability and overseas patent. . . “

Rivian Automotive (RIVN)

On October 3, Rivian Automotive reported:

Rivian produced 7,363 cars in the third quarter of 2022. . . and delivered 6,584 cars in the same period. These figures remain in line with the company’s expectations, which believes it is on track to meet the 25,000 annual production forecasts provided in the past.

On October 6, CNBC reported:

Rivian wants to dramatically increase production of electric vehicles to meet 2022 targets: Wall Street is betting it can. . .

On October 11, Reuters reported:

Rivian’s stock is falling after the electric vehicle maker recalled nearly all EV vehicles. This raises investor concerns that the company may miss its 2023 production target.

Lucid group (LCID)

On October 12, Lucid Group reported:

Lucid produced 2282 cars in the third quarter of 2022, on track to the 2022 annual production target of 6000 to 7000 cars.

On October 24, Lucid Group reported:

Lucid the opening of his first studio in the Middle East in Riyadh, Saudi Arabia.

Toyota (NYSE:™)/Lexus

On October 12, Toyota announced: “World premium of the all-new all-electric Lexus UX 300e.

Lexus UX 300e (prototype)

Toyota website

On October 24, Toyota announced: “Toyota announces bZ3, the style of the moment in the bZ series. A battery-electric sedan evolved thanks to the collaboration of Toyota, BYD and Toyota FAW. “

Toyota bZ3

Toyota website

On Oct. 24, Reuters reported, “Toyota will produce a car powered by BYD batteries in China. “

On Oct. 24, Seeking Alpha reported, “Toyota is in a mad race to catch up on cars after being one of Tesla’s early investors. “

On October 26, Seeking Alpha reported:

Toyota planned to ramp up production of its all-electric crossover while reviewing its overall strategy for electric vehicles. Toyota Motor Corporation plans to increase production of its bZ4X electric vehicle crossover from 6 to 12 times existing monthly production through just over 1K if it can align chips and components. The Japanese automaker is targeting the post-2025 era for the big increase in production of all-electric vehicles.

Tata Motors Group (TTM) (Jaguar, Land Rover)

On October 7, Tata Motors reported:

Upgrade to EV with the new Tiago. ev logo. . . Tata Motors, India’s leading automaker, announced the main points of booking its latest addition to its EV family, the Tiago. ev, which was presented at a special launch price. from INR 8. 49 Lakh (All India – Ex-showroom), for the first 10,000 customers.

Tata Motors Tiago. ev

Tata Motors website

On October 11, Tata Motors reported: “Tata Tiago. ev receives a successful opening. “Highlights include:

GreenPower Motor Company Inc. [TSXV:GPV] (GP)

On October 26, GreenPower Motor Company Inc. reported:

GreenPower’s BEAST and Nano BEAST all-electric school buses are eligible for purchase as part of GreenPower’s EPA announcement. GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of zero-emission medium and heavy-emission electric vehicles, welcomed the U. S. Environmental Protection Agency. The U. S. Food and Drug Administration (EPA) is seeking to rule on Americans who are eligible for an approximately $1 billion investment in school districts across the country to drive the transition to a zero-emission school buses. The investment represents the first bid under the five-year, $5 billion blank school bus program created through last year’s two-component infrastructure law.

Workhorse Group Inc. (WKHS)

On October 27, Workhorse Group Inc. reported:

Workhorse Group announces proposed elegance action and percentage agreements derived from similar shareholders. Insurance proceeds will be earned and $20 million payable in Workhorse percentages. . . . . . .

Electric lion (LEV)

On September 30, Lion Electric reported:

Lion Electric congratulates EPA for doubling clean school bus reimbursements to nearly a billion dollars.

Nikola Corporation (NKLA)

On October 14, Nikola Corporation reported:

Nikola Completes Romeo Acquisition Power. La Acquisition Strengthens Nikola’s Ability to Deliver Pioneering Answers for a Non-Emissions World.

On October 20, Nikola Corporation reported:

Nikola highlights the built-in trucking and energy business style of the Inflation Reduction Act. . . . . .

Honda [TYO: 7267] (HMC) (OTCPK: HNDAF)

On October 11, Honda reported:

Honda and LG Energy Solution Announce Ohio to Host Electric Vehicle Battery Plant of Joint Venture. . . where the two corporations will be dedicated to make an investment of $ 3500 million and create 2200 jobs, pending final approvals from the government. The overall business investment is similar to that of the joint venture is expected to succeed at $4. 4 billion.

On October 13, CNBC reported:

Sony and Honda plan to begin deliveries of their electric vehicle in the U. S. U. S. in 2026. EE. UU. Se expected deliveries to begin in spring 2026, and deliveries to the Japanese market will be positioned in the current part of the same year.

On October 25, Honda announced, “Honda Begins Sales of Honda Power Pack Exchanger and: “Battery Swapping Station. “

Lordstown Engines (RIDE)

On September 29, Lordstown Motors announced, “Lordstown Motors begins production of the Endurance ™ pickup truck. “Highlights include:

Arrival (ARVL)

On September 30, Arrival reported:

The arrival produces the first production verification van at Microfactory. . . Although we have still reached mass production, our goal is to achieve it. We will continue to produce cars in our Micro-factory to master large-scale production. . . . . .

Place of arrival

On Oct. 21, Reuters reported, “Startup EV Arrival will be in the U. S. market. “”U. S. prices are in check. “

Fisker Inc. (FSR)

On October 12, The Driven reported, “Fisker Ocean EV with sunroof will debut at the Paris Motor Show. . . . . . “

On October 17, Bloomberg reported:

EV startup Fisker is for an American production site to make its cars eligible for subsidies. Look for features for production in the U. S. oceanThe automaker can buy a factory or partner with your spouse Magna.

You can read an article about Trend Investing at Fisker Inc. Here.

Arcimoto Inc. (FUV)

On October 13, GlobeNewswire reported:

Delivery driving force Arcimoto was named General Electric Vehicle of the Year at the 2022 AutoTech Breakthrough Awards.

On October 20, GlobeNewswire reported:

Arcimoto announces the next phase of the strategic restructuring plan and an operational stepArray. . . As a component of the plan, Arcimoto has reduced operating expenses and begun reduction, which, combined, is expected to represent annual expenses of approximately $20 million and position the corporate for long-term monetary success.

Electrameccanica Vehicles Corp. (SOLO)

On October 6, Electrameccanica Vehicles Corp. reported:

Electrameccanica Obtains License to Sell EV ONLY in Arizona. The single-seater electric vehicle responds to the mobility desires of consumers and businesses in one of the friendliest and most densely populated regions of the country.

Other electric vehicle corporations are limited to coming with Envirotech Vehicles (EVTV) (formerly ADOMANI Inc. , Atlis Motors, Ayro, Inc. (AYRO), Blue Bird Corporation (BLBD), Blink Charging (BLNK), Byton (private), Canoo Holdings (GOEV), China Evergrande New Energy Vehicle Group [HK:3333], Chery Automobile Co. Ltd. (private), Didi Chuxing, Dyson (private), Electric Last Mile Solutions Inc. (“ELMS”) (ELMS), Ferrari NV (RACE), Guangzhou Automobile Group Co. , Hyliion Holdings (HYLN), Ideanomics Inc. (IDEX), Mahindra

The list of countries and cities that ban (or plan to ban) gasoline and diesel cars includes at least:

Note: Wikipedia has a correct list showing the phase-out of fossil fuels in cities and countries.

Target dates for phasing out ICE vehicles

BloombergNEF

On October 8, Wired reported:

Ford is abandoning the autonomous road to nowhere. Ford and Volkswagen have invested nearly $4 billion in developer Argo. Now, amid broader symptoms of slow progress in autonomous technology, they’re shutting it down.

On October 21, Reuters reported:

Tesla cars may not be approved as fully autonomous this year, Musk said. Musk also said Tesla hopes to offer an update to the FSD in 2023 to show regulators that the generation is much safer than the average human driver.

BNEF 2020 Forecasts by Fleet Type

BloombergNEF

In September 2022, global sales of plug-in electric cars exceeded one million for the first time, up 51% from the previous year and reaching 17% global market share; 35% percentage in China, 24% in Europe and no knowledge for September (May 6. 1%, Q3 about 6%) for the United States.

The highlights of the month were:

As always, everyone is welcome.

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