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Welcome to the November 2022 issue of Electric Vehicle (“EV”) Corporate News.
In November, global sales of plug-in electric cars for October 2022 reached the most productive month on record. As usual, it’s another busy month for EV news.
Global sales of plug-in electric cars ended October 2022 with 932,000 sales in the month (the second month ever), up 55% from October 2021, with a market share of 16% in October 2022 and 13% year-to-date.
Note: ~72% (not recently updated) of electric car sales so far this year are one hundred percent battery electric cars (BEVs), with the rest being hybrids.
Sales of plug-in electric cars in China were 578,000 sales in October 2022 (the most productive month on record), up 75% from October 2021 sales. The market share of electric cars in China in October 31% and 29% year-on-year-on-year.
Sales of plug-in electric cars in Europe stood at 211,000 in October 2022, up 14% year-on-year, achieving a market share of 23% and 21% so far this year. Norway achieved a percentage of 86. 4%, Sweden 59. 4%, the Netherlands 34%, Germany 32%, France 23% and the United Kingdom 21. 5% in October 2022.
Sales of plug-in electric cars in the U. S. UU. se reported via CleanTechnica, indicating that electric cars reached 6. 1% of U. S. car sales. U. S. in the third quarter of 2022. quarter 2022.
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 cars through style from January to October 2022 (source: CleanTechnica)
Clean technique
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
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’s long-term forecast for electric cars (global share of electric cars will exceed 70% by 2040)
BloombergNEF
BloombergNEF forecasts a share of the global passenger electric vehicle market of ~40. 4% in 2030 and 75. 3% in 2040 (published June 2022)
BloombergNEF
On November 4, TechCrunch reported:
iPhone maker Foxconn and Saudi Arabia are entering the electric vehicle sector. . . The new company, called Ceer, will design, manufacture and sell a portfolio of electric cars powered by BMW’s component technology, according to Thursday’s announcement. . . The first electric cars from Ceer logo is expected to hit the market in 2025.
On November 11, CleanTechnica reported:
CATL will supply VinFast with a complete EV skateboard chassis. CATL extends to automakers to offer electric car platforms committed to batteries, motors and more.
On November 12, Teslarati reported:
The manufacturer of electric aircraft takes off, receives orders from all over the world. Australian regional airline Northern Territory Air Service (NTAS) has ordered 20 electric aircraft from Eviation, and it’s not the only customer. . . Eviation is known to supply the Australian airline with 20 aircraft, which will be used on short routes of less than three hundred miles in Australia. But Eviation has deals with big names outside Australia, adding DHL, Cape Air, Global Air and Evia Air in Germany. .
On Nov. 16, the Business Times reported, “VinFast electric vehicle plans an initial public offering in the U. S. “U. S. Funding from January: Sources. “
On November 17, CleanTechnica reported: “Ford CEO: 40% less hard work to build vehicles.
On November 18, CleanTechnica reported:
The electric helicopter makes a historic flight. . . The helicopter is a third-generation e-R44 all-electric conversion of the popular Robinson R44 helicopter. It would have been the first electric helicopter to move from one village to another or from one airport to another. . . 24 miles (39 kilometers), which took 20 minutes to travel.
On November 19, Bloomberg reported:
VW and Mercedes’ EV ambitions are struggling. VW plans to delay the deployment of electric vehicles, Mercedes reduces the value of EQS in China. German automakers are under pressure to overtake Tesla. . . VW plans to keep a key allocation for at least two years after the software glitches, according to a user familiar with the situation, who wondered whether its ambitious 52 billion euro ($54 billion) EV rollout is touted as the industry’s largest. flagship EQS EV in China through around $33,000 after misjudging the market.
On November 23, Electrek announced, “Caterpillar is advancing sustainable mining with the first battery-electric 793 truck. . . You can watch the Caterpillar demo here on YouTube.
BYD Company [ELLE: 002594][HK: 1211] (OTCPK: BYDDY) (OTCPK: BYDDF)
BYD has lately ranked No. 1 globally with a market share of 17. 3% (not updated this month) since the start of the year. BYD is ranked No. 1 in China with a market share of 29. 9% since the beginning of the year.
On November 1, Seeking Alpha reported:
BYD Company is one of Citi’s most sensible electric vehicle inventories. Analyst Jeff Chung called the 52% increase in NEV sales in the third quarter a positive for the company and forecast that BYD will increase sales of new electric vehicles by 137% next year. Above all, the net profit corresponding to automobiles is expected to increase by up to 20% thanks to a leverage effect on sales. . . Citi has assigned a value target of HK$640 to BYD to represent more than 250% of the stock’s growth potential.
On November 3, Seeking Alpha reported:
BYD, subsidized through Warren Buffett, reported record October sales expansion of about 169% year-over-year.
Of the total sales, 217,518 sets were passenger cars and 298 games were vehicles.
On November 15, Seeking Alpha announced, “BYD is launching a semiconductor spin-off. “
On November 17, CarExpert reported:
BYD surpasses 3 million “new electric vehicles”, analyzes its next moves. . . The Warren Buffett-backed battery and electric vehicle supplier took thirteen years to sell one million NEVs, one year to succeed in two million, and just six months to succeed in 3 million.
On Nov. 18, Reuters reported: “China’s BYD expands vehicle operation in Brazil. . . “
On November 21, Seeking Alpha reported:
BYD gets an order for 64 buses from Nobina. . . BYD won an order for 64 buses from Swedish bus operator Nobina, with delivery scheduled for the current quarter of 2023.
On Nov. 22, Seeking Alpha reported, “Berkshire Hathaway continues to cut its stake in vehicle manufacturer BYD. “
On November 23, Seeking Alpha reported:
Chinese electric vehicle maker BYD will raise costs starting Jan. 1 due to emerging gross costs and the end of subsidies. 12,600 for purely electric models. . .
Tesla Inc. (TSLA)
Lately, Tesla ranked No. 2 globally with a global market share share of 13. 3% (not updated this month) since the beginning of the year. Tesla ranks third in China with a market share of 7. 3% since the beginning of the year. to the largest distributor of electric cars in the United States with a 65% percentage of market place.
On November 1, Reuters reported:
Tesla’s exclusive Cybertruck will begin mass production at the end of 2023. . . Tesla said last month it is working to prepare its Austin, Texas, plant to build the new style and “early production” is expected to begin in mid-2023.
On November 5, Business Insider reported:
Billionaire investor Ron Baron explains how Tesla can rise 570% over the next decade to a $4. 5 trillion valuation. . . “But that doesn’t come with robots, it doesn’t come with autonomous vehicles, it doesn’t come with batteries. “Baron said, “I think in 2025, [Tesla shares] will be $500 to $600. And in 8 to ten years, we’ll be around $4. 5 trillion,” Baron said.
On November 11, CleanTechnica reported:
Tesla to increase Fremont production with Shanghai. . . Tesla will send about two hundred Giga Shanghai workers to Fremont to ramp up production at the California plant, according to a report by Automotive News.
On Nov. 22, Electrek reported: Exclusive: “Tesla Cybertruck reaches 1. 5 million pre-orders, can it live up to expectations?”
Note: In fact, Cybertruck’s Excel tracker has sharp controls at ~1. 63m.
On November 23, Reuters reported:
Elon Musk names South Korea among the applicants for investments in electric cars: Yoon’s office. Tesla Chief Executive Elon Musk said Wednesday that South Korea is among the most sensible candidate sites for a factory it plans to build in Asia to make electric cars (EVs). , according to South Korea’s presidential office.
On November 25, The Guardian reported, “Tesla more than 15,000 Australian electric cars for faulty taillights. “
On November 27, Electrek reported:
Tesla Semi does the first 500 miles on a full charge. . . Now, Tesla is still bringing its electric truck to market and deliveries are expected to begin this week, and it’s a 500-mile edition of the electric truck. . . Five hundred miles with full load between batches is the ideal point for an advertising long-distance semi-trailer, since after about 8 hours of driving, a break for motive force is mandatory.
On December 2, Tesla hosted the Tesla Semi Event in which they delivered the first Tesla Semi to PepsiCo. You can watch the video (starts at minute 21 of the video).
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 (OTC: 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 this month) since the beginning of the year, and first in Europe with a 20% market share since the beginning of the year. year.
On November 1, the Volkswagen Group announced: “Volkswagen partners with MILES Mobility to boost the car-sharing portfolio. “
On November 14, the Volkswagen Group announced: “The ID. crosses the half-million mark: Volkswagen reaches the delivery target one year ahead of schedule. . . “Highlights include:
On November 18, Reuters reported:
Volkswagen’s $2 billion Trinity electric vehicle plant is in doubt. Volkswagen Chief Executive Oliver Blume is considering whether to stick to a plan to build a new plant to power its Trinity electric cars or use its existing plant in Wolfsburg, a source told Reuters on Thursday. Volkswagen, the world’s second-largest automaker, had planned to begin construction of the 2 billion euro ($2. 06 billion) plant in 2023 and produce its flagship electric sedan there from 2026, in a bid to speed up the production process.
On November 20, InsideEVs reported:
Volkswagen’s plant in Zwickau produced a record number of electric cars. The plant turns out to be consistent with its maximum capacity at this time. . . This indicates that the peak production of 330,000 games is consistent with the year.
On November 30, Bloomberg reported:
Volkswagen is comparing the partnership with Foxconn to U. S. -powered electric vehicles. VW is reportedly in talks with a Taiwanese company to make Scout cars. The alternatives come with Magna’s cooperation, building its own factory.
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) is number four in the world with a market share of 7. 6% (not updated this month) since the beginning of the year. SAIC/GM/Wuling JV (SGMW) plus SAIC is second in China with a percentage of 11. 1% since the beginning of the year.
On November 3, Wuling Automobile JV announced, “SAIC-GM-Wuling launches the limited edition Lotso KiWi EV 2023. “
KiWi EV Lotso Limited Edition
Wuling Car Joint Venture
On Nov. 7, Gasgoo reported, “SAIC Motor achieves 32. 19% year-over-year on October 2022 NEV sales. “
On November 18, Wuling Automobile JV announced:
SAIC-GM-Wuling celebrates its anniversary with a revolutionary new plant and a new NEV. SAIC-GM-Wuling celebrates its anniversary with the inauguration of its Smart plant
Geely Automobile Holdings Ltd (OTCPK: GELYY, HK: 0175), Volvo Cars, Kandi Technologies Group (KNDI), Proton, Lotus, ZEEKR. (Note: Volvo Group is a separate company that makes trucks and buses)
Geely/Volvo recently ranked number five in global sales rankings of electric car brands with a global market share of 5. 7% (not updated this month) since the beginning of the year.
On October 31, Geely Automobile Holdings Ltd. announced:
Proposed spin-off of Zeekr Intelligent Technology Holding Limited. The Board of Directors (the “Board”) of Geely Automobile Holdings Limited (the “Company”) is pleased to announce that the Company has submitted a proposal to Hong Kong Stock Exchange Limited (the “Exchange”) pursuant to PN15 in relation to the proposed spin-off and separate board of directors of ZEEKR Intelligent Technology Holding Limited (“Zeekr”) (the “Proposed Spin-off”). Zeekr is a hundred percent non-owned subsidiary of the Company and is primarily engaged in the research, development and sale of battery electric vehicles, batteries and other new and similar electric vehicle parts under the “Zeekr” brand. Split.
On 2 November, Volvo Cars announced:
Volvo Cars announces sales of 54,317 cars in October. . . The company’s Recharge style line accounted for 36. 8% of sales last month, with electric cars accounting for 15% of total sales.
In November, Volvo Cars announced:
Volvo Cars is driving Polestar’s long-term expansion. Volvo Cars is acting in line with its commitment to Polestar’s expansion and progress by offering money in the form of an 18-month loan totalling USD 800 million. The loan includes an option for Volvo Cars to convert into shares on a prorated basis in a possible long-term capital accumulation through Polestar.
On November 8, Geely Automobile Holdings Ltd. reported:
Framework agreement on internal data regarding the proposed creation of a joint venture. . . Zhejiang Geely Holding Group Company Limited*. . . has concluded a framework agreement. . . according to which the parties have proposed to establish a joint venture company. . . . with the aim of integrating the expertise and respective strengths of the Parties in internal combustion engines, hybrid and plug-in hybrid powertrain and transmission activities and similar technologies.
In November, Volvo Cars announced:
Volvo Cars achieves its strategic ambitions: it sells its stake in Auroboy to Geely Holding. Volvo Cars’ strategic direction is to go fully electric by 2030 and shape the long-term mobility. In line with those strategic ambitions, Volvo Cars will sell its 33% stake in Aurobay to Geely Holding.
On November 9, Volvo Cars said: “The new all-electric Volvo EXnine0 – the beginning of a new era for Volvo Cars. “
The new all-electric Volvo EX90
Volvo cars
On November 18, Reuters reported:
Poland chooses Geely Holding Group for EV platform. China’s Geely Holding Group will supply ElectroMobility Poland (EMP) with a modular electric vehicle platform that will form the basis of its Izera range, the corporations said on Thursday.
Hyundai (OTCPK: HYMTF), Kia (OTCPK: KIMTF)
Hyundai-Kia Group recently ranked number ~6 in the global sales rating of electric car brands with a market share of 4. 8% (not updated this month) since the beginning of the year. The Hyundai-Kia Group ranks third in Europe with an 11. 1% market share since the beginning of the year.
On November 1, Kia announced, “Kia announces October 2022 sales results. “Highlights include:
On November 9, Kia announced, “Kia America 2023 EV6 Pricing. “
2023 EV6GT
Kia
On November 14, Hyundai announced:
Hyundai Motor Group submits a memorandum with the Nusantara Capital City Authority to identify an ecosystem for complex air mobility, a first step in opening the AAM in the ASEAN market.
On November 16, Hyundai announced: “IONIQ 6 earns a five-star Euro NCAP protection rating. . . “
On November 25, Benzinga reported:
Hyundai Motor and SK plan to build a $1. 9 billion joint venture plant in the United States. . . The facility is expected to produce 20 gigawatt hours [GWH], enough to power approximately 300,000 electric cars (EVs). The plant is expected to open in the first quarter of 2026. Most likely, the battery unit is in Georgia.
Stellantis N. V. (STLA) (merger Fiat Chrysler Group (FCA) and Peugeot Group (OTCPK:PEUGF)) Ferrari (Jeep, Chrysler, Dodge and RAM are owned by FCA)
The Stellantis Group recently ranked 7th in sales of the global electric car maker with a global market share of 5. 1% (not updated this month) since the beginning of the year. Stellantis ranks 2nd in Europe with a market share of 15. 6% since the beginning of the year.
On October 31, Stellantis N. V. announced, “The GAC-FCA joint venture will file for bankruptcy.
On November 3, Stellantis N. V. announced, “Third Quarter 2022 Shipments and Revenue. “Highlights include:
Stellantis reports strong net revenue growth in the third quarter of 2022, up 29% Guidance for the full year confirmed. . . Global BEV sales increased by 41% through the third quarter of 2021.
BMW (OTCPK: BMWYY), Mini, Rolls-Royce
The BMW Group most recently occupied the world’s eighth-largest electric car maker with a global market share of 3. 5% (not updated this month) since the beginning of the year. The BMW Group ranks fourth in Europe with a market share of 10. 8% since the beginning of the year.
On November 3, the BMW Group announced:
The BMW Group remains on its way to good fortune as the transformation continues. . . Electric mobility leads to greater CO2 reductions.
On November 11, the BMW Group announced:
The start of production of the BMW iX1* in Regensburg accelerates the pace: until 2024, one BMW from each of the three Bavarian plants will be electric.
On November 25, the BMW Group announced:
The BMW Group will invest more than 2 billion euros in the Hungarian plant in Debrecen until 2025. . . The battery meeting will be located at the Debrecen vehicle plant, whose structure began about six months ago. . . . . . “In Debrecen, we are the most complex plant in the world. With our iFACTORY, we set new industrial criteria for vehicle production. Our investments underline our systematic technique for implementing electric mobility.
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% (not updated this month). The Mercedes Group ranks fifth in Europe with a market share of 9. 3% since the beginning of the year.
On November 3, the Mercedes blog reported: “Mercedes-AMG EQE SUV: the first all-electric AMG SUV. “
SUV Mercedes AMG EQE
Blog Mercedes
On November 16, the Financial Times reported:
Mercedes-Benz follows Tesla and reduces electric vehicles in China. . . Starting with the EQE style, the EQS style and its deluxe edition, the AMG EQS 53 style, sold in China will be reduced by 50,000 Rmb ($7000), Rmb 204,600 and Rmb198,600, respectively. . . . .
On November 28, The Driven reported:
Mercedes trucks will use electric trucks in their own supply chain. Mercedes-Benz Trucks, one of Daimler Truck’s most important brands, has set out to electrify all deliveries to its largest truck production plant in Wörth, Germany, until the end of 2026.
On November 28, Electrek reported, “Mercedes’ $1200 EV upgrade was reduced from 0 to 60 times in line with the second, but in a market. . . “
Groupe GAC (Guangzhou Automobile Group Co. Ltd. )
GAC Group is ranked number 11 internationally with a market share of 2. 7% (not updated this month) since the beginning of the year.
On November 3, Gasgoo reported, “GAC Group sells more than 2. 03 million cars in January-October 2022. . . “
On November 24, Yahoo Finance announced, “HoloMatic has raised $100 million in new funding, led by GAC Group. . . “
XPeng Inc. (Xiaopeng Motors) (XPEV) [HK:9868]
On November 1, XPeng reported, “XPeng G9 SUV obtains a permit for autonomous driving public road. . . “
On November 1, XPeng announced, “XPENG announces vehicle delivery effects for October 2022. “Highlights include:
On November 4, XPeng reported:
XPENG completes first RMB 964 million asset-backed securities for lease on the Shanghai Stock Exchange. “
Great Wall Locomotive [HK: 2333] (OTCPK: GWLLF) (OTCPK: GWLLY) [ORA]
On Nov. 2, Bloomberg reported, “Chinese electric car brands are in Thailand in the next sales campaign. “Highlights include:
Ford (F)
On November 2, Ford reported:
Ford strengthens its position as the No. 2 electric vehicle logo in the U. S. UU; All-new start-up service: orders exceed 50,000 in five days; Retail orders for ’23MY increased 134%; The F-Series extends its leadership as the No. 1 pickup truck; Bronco sales up 48%. . .
On November 15, Ford announced, “Ford announces strategic partnership with Manufacturing 2030 for supply chain sustainability. “
On November 22, Ford announced, “Ford Pro is introducing a traditional all-electric E-Tourneo multi-activity vehicle with incredible space and premium technology. “Highlights include:
Ford Pro presents the E-Tourneo one hundred percent electric
Ford
Li-Auto (LI) [HK:2015]
On November 1, Li-Auto reported:
Li Auto Inc. October 2022 delivery update. Li Auto Inc. . . It announced that the company delivered 10,052 cars in October 2022, up 31. 4% from a year earlier. Cumulative deliveries of Li Auto cars reached 221,067 at the end of October. .
NIO Inc. (NIO)
On November 1, NIO Inc. reported, “NIO Inc. provides an October 2022 delivery update. “Highlights include:
On November 10, NIO Inc. reported:
NIO Inc. reports unaudited currency effects for the third quarter of 2022. Total quarterly profit reached RMB 13,002. 1 million (USD 1,827. 8 million). Record quarterly vehicle deliveries were 31,607 units.
Renault [FR:RNO] (OTCPK:RNSDF)/ Nissan (OTCPK:NSANY)/ Mitsubishi (OTCPK:MSBHY, OTCPK:MMTOF)
On November 1, Mitsubishi announced, “Mitsubishi Motors Begins Sales of New Outlander PHEV Style in North America. . . “
On November 4, Car Expert reported:
Mitsubishi acquires a stake in Renault’s electric vehicle spin-off. Mitsubishi has declared the need for electric cars and could get them through an investment in Renault’s electric vehicle spin-off.
On Nov. 5, Bloomberg reported, “Renault will target a $10 billion valuation for its vehicle business. “Highlights include:
On November 8, Nissan announced, “Sakura wins Japan Auto Hall of Fame Car of the Year Award. “
Nissan Sakura electric
Nissan
On November 8, Mitsubishi announced, “Mitsubishi Motors’ new eK X EV wins Japan Auto Hall of Fame’s 2022-2023 Car of the Year award. “
Mitsubishi Motors’ new eK X EV
Mitsubishi
On November 10, Mitsubishi announced, “Mitsubishi Motors’ new eK X EV wins RJC Car of the Year and RJC Technology of the Year award for 2023. . . “
On November 13, GoAuto News Premium reported:
Renault to split its business, link to Geely. La radical overhaul of Renault includes vehicle separation, a joint venture with Geely to make more ICE cars.
On Nov. 16, Electrek reported, “Nissan launches ‘EV Carefree’ to inspire ICE drivers to go electric. . . “
General Motors (GM)/Chevrolet
On November 3, General Motors announced, “General Motors and Microvast will expand a battery separator for electric vehicles. “
On November 17, CNBC reported:
GM expects the benefits of electric vehicles to be comparable to those of gasoline-powered cars through 2025, years ahead of schedule. GM also raised its 2022 money forecast to between $10 billion and $11 billion and tightened its adjusted profit range.
On November 24, Elective reported:
GM will launch an electric vehicle offensive in China through 2025. General Motors has announced the launch of more than 15 electric models based on its Ultium platform in China through 2025. Following the now available Cadillac Lyriq electric SUV, GM is making plans for a wide diversity of Ultium models based on all makes, segments and frame styles for the Chinese market.
Polestar Automotive Holding UK Limited (PSNY)
On Nov. 3, Polestar announced, “Polestar is securing $1. 6 billion in monetary backing from major shareholders. “
On November 1, The Driven reported, “Polestar confirms Polestar’s launch in 2023 as EV sales double this year. “
On November 22, Polestar reported:
Polestar 2 production reaches 100,000. ” It’s an incredible achievement, especially since we introduced Polestar 2 during the pandemic. Thank you to the team and all our consumers who have joined us on this exciting journey,” said Thomas Ingenlath, CEO of Polestar. .
Beijing Automotive Group Co. (BAIC) (including Arcfox) [HK:1958) (OTCPK:BCCMY)
On November 16, BAIC reported, “Another avant-garde generation of BAIC wins the authorized award. . . “
Lucid group (LCID)
On November 8, Lucid Group announced, “Lucid announces monetary effects for the third quarter of 2022, on track for annual production of between 6,000 and 7,000 vehicles. “Highlights include:
On November 8, Lucid Group reported:
Lucid Group, Inc. announces a $600 million ATM program and additional investment of up to $915 million through PIF’s subsidiary Array.
On November 17, Lucid Group reported:
Lucid announces the opening of the first Swiss on sale in Geneva. The grand opening of Lucid Studio at Cours de Rive 10 will take place on November 18.
On November 18, Lucid Group announced, “Lucid Motors will open the first retail studio in Texas, the Dallas Studio in Legacy West. “
Toyota (TM)/Lexus
On November 16, Toyota announced: “A nod to the near future: the Toyota bZ compact SUV concept unveiled in the United States. . . “
Toyota bZ compact SUV concept
Toyota
On Nov. 16, CNBC reported, “Toyota unveils new Prius hybrids amid skepticism about its EV strategy. . . “
On November 25, The Driven reported, “Toyota Hilux and Ford Ranger will go electric, as pricing for mass EV conversions has been revealed. . . “
Tata Motors Group (TTM) (Jaguar, Land Rover)
On November 7, Tata Motors announced: “Tata Motors celebrates production milestone of 50,000 vehicles. . . “
On November 23, Tata Motors announced: “Tigor. ev, now with more technological and sumptuous features. “
Tata Motors Tigor. ev
Tata Engines
GreenPower Motor Company Inc. [TSXV:GPV] (GP)
On November 15, GreenPower Motor Company Inc. reported:
GreenPower Reports Record Revenue of $7. 7 Million and Vehicle Deliveries for the Second Quarter of Fiscal 2023. . . . . .
Workhorse Group Inc. (WKHS)
On November 8, Workhorse Group Inc. reported:
Workhorse Group reports its third quarter 2022 results. ” Our team is making steady progress, executing our product roadmap, adding initial production and delivery of the vehicles.
Electric lion (LEV)
On November 2, Lion Electric reported:
Lion Electric announces production of its first U. S. -made bus at its Joliet, Illinois plant.
On November 9, Lion Electric stated, “CDPQ and Finalta Capital are supporting Lion Electric’s expansion strategy with $30 million in tailored financing.
On Nov. 10, Lion Electric said, “Lion Electric announces third quarter 2022 results. “Highlights include:
Q2 2022 Financial Highlights
Nikola Corporation (NKLA)
On October 31, Nikola Corporation announced, “Nikola and KeyState announce a cutting-edge hydrogen source collaboration for Nikola’s mobile fuel electric vehicles. . . “
On November 2, Nikola Corporation announced: “Zeem Solutions’ symptoms acquire an order for one hundred Nikola Tre zero-emission battery electric trucks. . . “
On November 3, Nikola Corporation said: “Nikola Corporation Reports Third Quarter 2022 Results. ” Highlights include:
On Nov. 8, Nikola Corporation said, “Nikola and ChargePoint Partner to Accelerate Charging Infrastructure Solutions. “
Honda [TYO:7267] (HMC) (HNDAF)
On November 5, Honda announced, “Honda introduces the world premiere of the ‘e:N2 Concept’ that signals the direction of all new electric vehicle models. “
Honda e:N2 concept
sling
On November 5, Asia Financial announced:
Honda is accelerating the momentum of electric cars with a new style in China. The Japanese auto giant aims to launch 30 styles of electric vehicles worldwide and produce 2 million electric cars a year through 2030.
Lordstown Engines (RIDE)
On November 7, Lordstown Motors announced, “Lordstown Motors and Foxconn are the strategic partnership. “Highlights include:
On November 8, Lordstown Motors announced, “Lordstown Motors Reports Third Quarter 2022 Financial Results. “Highlights include:
Third quarter and highlights
Mazda (OTCPK: MZDAY)
On November 22, BNN Bloomberg reported:
Mazda’s suppliers to invest US$11 billion in boosting electric vehicles. . . The automaker predicts they will account for 25 to 40 percent of its global sales by 2030.
On November 22, Mazda announced:
New partnerships for the progression and production of propulsion systems. Mazda Motor Corporation plans full electrification of all vehicle models by 2030. . .
Arrival (ARVL)
On November 25, The Guardian reported:
The founder of long-suffering truck maker Arrival will step down as CEO. Russian billionaire Denis Sverdlov will switch roles with President Peter Cuneo after a chaotic strategic shift.
Fisker Inc. (FSR)
On November 2, Fisker Inc. stated, “Fisker Inc. announces monetary effects for the third quarter of 2022. Highlights include:
On November 17, Fisker Inc. announced, “Fisker Ocean: The World’s Most Sustainable Vehicle is in production as scheduled.
You can read an article about Trend Investing at Fisker Inc. Here.
Arcimoto Inc. (FUV)
On November 14, GlobeNewswire reported:
Arcimoto announces the approval of the board of directors of the inverse relationship of division of shares and the matrix of effective dates. . . The opposite split will be the number of non-unusual and notable issued shares from about 51. 2 million to about 2. 6 million.
On Nov. 14, GlobeNewswire reported, “Arcimoto Announces Third Quarter 2022 Corporate Supply and Currency Effects Update. “Highlights include:
Electrameccanica Vehicles Corp. (SOLO)
On November 14, Electrameccanica Vehicles Corp. announced: ElectraMeccanica releases its third quarter 2022 monetary results. Highlights include:
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 28 October, Drive. com. au reported:
Ford posted a loss of $1280 million following the closure of a self-driving generation company. Despite billions of dollars and self-driving cars through 2021, Argo AI is shutting down.
On November 3, Inside EVs reported:
XPeng G9 approved for Robotaxi testing without hardware changes. The electric vehicle requires an OTA software update to conduct autonomous driving tests on designated public roads in Guangzhou, China.
On December 2, Seeking Alpha reported:
Autonomous trucks drive in Texas while Aurora and Uber check the peak holiday freight transport season. Aurora Innovation (AUR) and Uber Freight (UBER) announced the expansion of their autonomous pilot with a new advertising direction between Fort Worth and El Paso. Two self-driving specialists said a 600-mile track through Texas was introduced in October.
BNEF 2020 Forecasts by Fleet Type
BloombergNEF
In October 2022, global sales of plug-in electric cars increased by 55% year-on-year and reached a global market share of 16%; 31% percentage in China, 23% in Europe and no knowledge for October (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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