Mitsubishi Usa 2022 –
Welcome to the November 2020 copy of Electric Agent [EV] aggregation news. November saw a ages of abreast annal and annal from October 2020 electric car sales. The standout for me was Europe. In particular, Germany extensive a almanac 18% bazaar allotment and Norway hitting an absurd 88% bazaar share.
Configurations Mitsubishi Usa 2022
On top of all these records, we saw Joe Biden adopted with his pro-green attitude (including EVs) and the US ZETA barter accumulation formed (goal for 100% EVs by 2030), and the UK blooming plan (ban of new ICE cars & vans by 2030), and Tesla (NASDAQ:TSLA) assuredly accustomed the blooming ablaze to accompany the S&P 500. All of this led to November actuality an outstanding ages for EVs and EV accompanying companies.
Wow, what a month!
Global electric car sales accomplished October 2020 with a abreast almanac 342,000 sales for the ages (last month’s 345,000 was the record), up 127% on October 2019 (the accomplished account beforehand amount in over 8 years), with a bazaar allotment of 4.9% for October 2020, and 3.5% YTD.
Note 68% of all all-around electric car sales in October 2020 were 100% array electric cartage [BEVs], the antithesis actuality hybrids.
China electric car sales were 147,000 in October 2020, up 120% on October 2019. Electric car bazaar allotment in China for October was 7.0%, and 5.4% YTD. Reuters appear in November 2020 China has a 20% NEVs ambition for 2025. An October 2020 address stated: By 2035, “50% are to be “new-energy” cartage — electric, constituent amalgam or ammunition cell-powered. The added bisected are to be hybrids.” This address is created beneath the admonition of the Ministry of Industry and Admonition Technology and will serve as the abject for China’s rules and behavior for automobiles.
Europe electric car sales were 147,000 in October 2020, up 195% on October 2019. Europe electric car bazaar allotment was 13% in October, and 9.5% YTD. In October Norway constituent EVs auction accomplished a almanac 88% bazaar allotment – A assurance of what’s to appear this decade. A continuing acclaim for Europe in a superb result. Additionally acclaimed was a beauteous 18% bazaar allotment aftereffect in Germany.
US electric car sales were not appear by EV Sales in October 2020 as it appears abounding ICE brands don’t appetite to broadcast their EV sales numbers.
Note: The aloft sales board ablaze bartering vehicles.
Note: An accepting to Jose Pontes of EV Sales and EV Volumes for his accomplished assignment accumulation all the electric car sales quoted aloft and below.
Global electric car sales by architect for October 2020
Source: EV-Sales Blogspot
EV sales anticipation to absolutely booty off from 2022 as affordability bliss in
The blueprint beneath aligns with my analysis that electric car sales will absolutely abandonment afterwards 2022, aback my archetypal forecasts electric and ICE car acquirement amount parity.
BloombergNEF 2020 anticipation for anniversary electric agent sales are:
Note: Since Tesla Array day, these forecasts are acceptable to increase.
BNEF adapted 2020 EV forecasts
The BNEF 2020 anticipation with the raw numbers and country share
Source: Bloomberg New Action Accounts [BNEF] 2020 EV report
An commodity I absent from Oct. 8, CGTN reported:
“China passes plan to accession new action agent industry. China on Friday anesthetized a development plan for the country’s new action agent [NEV] industry to beforehand new beforehand areas of blooming development, according to a account issued afterwards a State Council controlling affair chaired by Premier Li Keqiang… Starting from 2021, at atomic 80 percent of accessible transportation, auto and acumen cartage in the civic ecological acculturation pilot zones in Fujian, Jiangxi, Guizhou and Hainan should be new action vehicles.”
On November 2, Fastmarkets reported:
“China launches new action agent industry plan for 2021-35. China’s all-embracing competitiveness was accepted to beforehand significantly, with breakthroughs in several key technologies, such as batteries, drive motors and agent operating systems. The assurance of China’s NEVs was additionally accepted to beforehand decidedly by 2025. The boilerplate electric ability burning of authentic electric commuter cars was estimated to bead to 12kWh per 100km by 2025, while NEV sales would accomplish up 20% of absolute agent sales. The accessibility of recharging or replacing electrical systems would admission decidedly over the aforementioned period.”
On November 9, CNBC reported:
“What a Biden White House could beggarly for Tesla (and for the US EV sector). President-elect Joe Biden presents a alloyed bag for Tesla and added electric car-makers. On the pro side, Biden’s declared goals for apple-pie action and accomplishment could beggarly new government incentives for American manufacturers, abnormally electric agent makers.”
His (Biden’s) declared goals include:
On November 17, Reuters reported:
“Quebec to ban auction of new gasoline-powered cars from 2035… Canada’s second-most crawling arena appear the ban as allotment of a C$6.7 billion ($5.1 billion) plan over bristles years to admonition Quebec accommodated a ambition of abbreviation its greenhouses gases by 37.5% by 2030.”
On November 17, IGN24 reported:
“Germany: Government and automotive industry to extend electric car subsidies to 2025.”
On November 18, UK Blooming reported:
“U.K.’s blooming plan backs 250,000 jobs and bans gas car sales. Sales of new gas and agent cars to be banned from 2030. The government will aback beforehand in electric vehicles, hydrogen, wind and nuclear power, and measures to accomplish homes added action efficient.”
Below is a arbitrary of PM Johnson’s ten point blooming plan.
“1. Offshore wind: Quadruple U.K. assembly to 40GW by 2030, acknowledging up to 60,000 jobs. 2. Hydrogen: Generate 5 gigawatt of low-carbon hydrogen assembly accommodation by 2030. Beforehand the aboriginal boondocks acrimonious absolutely by hydrogen by 2030. 3. Nuclear: Beforehand nuclear as apple-pie action antecedent by developing ample and smaller-scale plants, which could abutment 10,000 jobs. 4. Electric vehicles: End auction of new petrol and agent cars by 2030, but acquiesce auction of amalgam cartage until 2035. Beforehand alteration to electric vehicles. 5. Accessible transport, cycling and walking: Accomplish cycling and walking added attractive, beforehand in zero-emission accessible transport. 6. Zero-emission planes and ships: Abutment “difficult-to-decarbonize” industries to become greener. 7. Homes and accessible buildings: Accomplish these greener, warmer and added energy-efficient, creating 50,000 jobs by 2030. 8. Carbon capture: Remove 10 actor tonnes of carbon dioxide by 2030. 9. Nature: Bulb 30,000 hectares of copse every year. 10. Innovation and finance: Beforehand cutting-edge technologies and accomplish the Burghal of London a all-around centermost of blooming finance.”
On November 18, Bloomberg Blooming reported:
“Tesla, account giants anatomy barter accumulation calling for 100% EV sales. Added than two dozen utilities, EV-charging companies, array suppliers and EV manufacturers accept formed the Aught Emission Busline Association, which is calling for behavior such as customer incentives and emissions targets that will beforehand the about-face to EVs. Accumulation wants emissions caps, absolute EV acceptance by 2030.”
On November 27, The All-around Times reported:
“EU to be arrogant in EV batteries by 2025… Europe has 15 all-embracing array corpuscle factories beneath construction, including Swedish aggregation Northvolt’s plants in Sweden and Germany, Chinese array maker CATL’s German facility, and South Korean close SK Innovation’s added bulb in Hungary. Sefcovic said by 2025 planned European accessories would aftermath abundant beef to ability at atomic 6 actor EVs.”
On December 1, Bloomberg reported: “Peak oil is aback aloft us.” Some accomplished archive below.
The Centralized Agitation Agent Is History. The communicable fabricated it clear: Gasoline cars accept peaked
Tesla is currently ranked the cardinal 1 globally with 17% all-around bazaar share. Tesla is 4th in Europe with 7% bazaar share, and cardinal 2 in China with 12% bazaar share. Tesla is still affected to be the cardinal 1 electric car agent in the US by far.
On November 2, Bloomberg reported: “Honda joins Fiat in advantageous Tesla for Europe C02 compliance.”
On November 3, InsideEVs reported:
“Tesla to get faster-charging energy-dense array beef from Panasonic. Panasonic has already started converting assembly curve at Tesla’s Gigafactory 1 to aftermath the new, bigger cells… During her accent at the event, Mikolajczak said Panasonic will admission the action body of its array beef by 5 percent. She additionally said absolute achievement will admission by 10 percent. Arguably added acute is her account that these beef will additionally action “excellent fast allegation performance.”
On November 4, Tesmanian reported:
“Another big Tesla Semi barter adjustment from Pride Accumulation Enterprises. Pride Accumulation Enterprises is a carriage and equipment-leasing aggregation based in North America. Recently, the aggregation aloof accession 150 units of the Tesla Semi Truck, the all-electric array powered chic 8 semi-truck… And now with the new order, the aggregation has the advantage to admission to 500 units of the Tesla Semi truck.”
Pride Accumulation orders a added 150 Tesla Semis
On November 5, Bloomberg Blooming reported:
“Tesla action to install accession behemothic array in Australia. France’s Neoen SA will accomplice with Tesla Inc. to install one of the world’s better lithium-ion batteries in Australia afterwards extensive a filigree affiliation accord with the ability bazaar operator. The 300-megawatt Victorian Big Array will be amid in the southeastern burghal of Geelong and use Tesla’s Megapack technology. It will be bifold the admeasurement of Neoen’s Hornsdale armpit in South Australia, which was the better ability aback it began operation in 2017.”
On November 6, Electrek reported: “First Tesla Archetypal 3 NYC chicken cab hits the road.”
On November 17, Reuters reported: “Tesla to accompany S&P 500, atom ballsy basis armamentarium trade.”
On November 18, CNBC reported:
“Tesla rises afterwards Morgan Stanley assuredly upgrades to buy, says aggregation on border of ‘profound’ shift. Jonas aloft his amount ambition to $540 from $360.”
Redesign and Review Mitsubishi Usa 2022
On November 19, Electrek reported: “Tesla Archetypal S passes analysis as badge car for Fremont, saves $4,000 in ammunition cost.”
On November 24, Tesmanian reported:
“Tesla Giga Berlin to aftermath affordable bunched auto advised by bounded aptitude to accommodated European needs… Tesla’s CEO Elon Musk afterwards explained that the affordable electric car would be developed by both Chinese Tesla designers and European ones. That is, R&D centers in these countries will beforehand their own, affordable models.”
On December 1, Reuters reported: “S&P 500 to absorb Tesla in one gulp; shares surge.” To be added on Dec. 21.
Investors can apprehend my June 2019 Blog post: “Tesla – A Look At The Positives And The Negatives”, area I rated the banal a buy. It was trading at USD 196.80 (post 5:1 banal breach is agnate to USD 39.36). Or my latest Tesla commodity on Trend Advance – “Tesla Aloof Put The Accelerator Down On The EV And Array Boom.”
Volkswagen Accumulation [Xetra:VOW] (OTCPK:VWAGY) (OTCPK:VLKAF)/Audi (OTCPK:AUDVF)/Lamborghini/Porsche (OTCPK:POAHF)/Skoda/Bentley
Volkswagen is currently ranked the cardinal 2 top-selling all-around electric car architect with 7% bazaar share, and cardinal 1 in Europe with 10% bazaar share.
On November 5, Blooming Car Letters reported:
“VW action to alteration Greek “model island” to electric vehicles, renewable power. The automaker is alive with the Greek government to about-face Astypalea, in the southern Aegean Sea, into a “model island” for zero-emission transportation. The plan calls for a administration account encompassing electric cars, e-scooters, and e-bikes. In total, 1,000 electric cartage will alter about 1,500 internal-combustion cartage on the island, according to VW.”
On November 7, BBC reported:
“Bentley reveals plan to go absolutely electric by 2030. Afore then, the cast will be switching its archetypal ambit to action abandoned constituent amalgam or array electric cars by 2026. Volkswagen-owned Bentley additionally aims to be absolutely carbon aloof beyond its accomplishment aural a decade. Electric cars are growing in acceptance and sales accept tripled in the UK so far this year. “Within a decade, Bentley will transform from a 100-year-old affluence car aggregation to a new, sustainable, wholly ethical role archetypal for luxury,” said Adrian Hallmark, Bentley’s arch executive. Workers on centralized agitation technology will be redeployed as it accouterment to authentic array electric cars.”
On November 13, Blooming Car Letters reported:
“Porsche fabricated a fresh-looking electric van abstraction in 2018 but hasn’t apparent it until now… Set to be featured alongside added concepts in the accessible book “Porsche Unseen,” the Porsche Vision Renndienst abstraction was completed in 2018, but never apparent to the public.”
Porsche Vision Renndienst (2018)
On November 27, Gluttonous Alpha reported:
“Volkswagen raises electric agent targets in Europe. Volkswagen is planning to beforehand a baby electric car for the accumulation market, according to Reuters. The new all-electric EV models is said to about the admeasurement of a Polo and cheaper than Volkswagen’s ID.3 electric car, which went on auction in September and blew accomplished Tesla and Renault models to become the best affairs electric car in Europe in October. The VW cast currently affairs to body 1.5M electric cars by 2025.”
On November 27, Bloomberg reported:
“VW speeds up assignment on baby electric car, culls agitation models. Volkswagen AG is accelerating development of a bunched electric car that will amount beneath than 30,000 euros ($35,800) as abbreviating emissions rules and acceptable subsidies bolster sales of battery-powered vehicles, according to bodies accustomed with the matter. The VW-branded car may be alien as aboriginal as 2023, crabbed the ID.5 crossover to be awash from abutting year as able-bodied as an electric abundance of the iconic hippie-era minibus slated for 2022, said the people, who asked not to be articular discussing centralized plans.”
BYD Co. [SHE: 002594][HK:1211](OTCPK:BYDDY) (OTCPK:OTCPK:BYDDF)
BYD is currently ranked the cardinal 3 globally with 6% all-around bazaar share, and is ranked cardinal 1 in China with 15% bazaar share.
On November 13, BYD reported:
“Waiheke Island builds Auckland’s aboriginal electric bus agile with 8 BYD ADL Enviro 200 EV electric buses.”
On November 13, BYD reported:
“BYD begins COP26 ‘Race to Zero’ at Blooming Carriage Affiliation event…..The accident has been abiding to admission both companies’ allegation to the Chase to Aught campaign, an action basic a axial affair in the countdown to abutting year’s COP26 – the UN Climate Change Conference in Glasgow in November, 2021. The Chase to Aught is a all-around accord for businesses, cities and added stakeholders to accompany armament in their adventure to abate carbon emissions.”
On November 16, BYD reported: “BYD introduces new DM-i amalgam technology and 1.5L new Xiaoyun engine.”
On November 20, BYD reported: “DHL expands blooming agile with barrage of electric tractor-trailer cartage in U.S..”
On November 27, BYD reported: “Greater Paris receives aboriginal electric drillmaster from BYD.”
BMW (OTCPK:BMWYY), Mini
BMW is currently ranked the cardinal 4 all-around electric car architect with 6% all-around bazaar share. BMW is 5th in Europe with 7% bazaar share.
On November 4, BMW reported:
“BMW Accumulation confirms angle for 2020 – decidedly bigger achievement in third quarter. E-autos to be bogus at all German plants by 2022.”
On November 11, Blooming Car Letters reported:
“2022 BMW iX revealed: 300-mile electric SUV is a family-size tech flagship…..for the SUV’s barrage in backward 2021, acceptable as a 2022 model.”
2022 BMW iX
Beijing Automotive Accumulation Co. (BAIC) [HK:1958) (OTC:BCCMY), SAIC Motor Corporation Bound [SAIC] [CH:600104] (SAIC includes Roewe, MG, Baojun, Maxus) SAIC/GM JV (Wuling Hong Guang)
SAIC is all-around cardinal 12 with 3% bazaar share, and cardinal 4 in China with 7% bazaar share. SGMW (SAIC-GM-Wuling Automobile) is all-around cardinal 6 with 4% bazaar share.
On November 11, BAIC reported:
“BAIC electric agent becomes the world’s aboriginal automaker accepting the TMMi akin 3 certification. BAIC Electric Agent Engineering Analysis Institute clearly accustomed the TMMi Akin 3 Acceptance from the TMMi Foundation with the accomplished account that all acceptance items are “fully satisfied” at the iSQE Software Quality Engineering Summit captivated on October 23, 2020.”
Daimler-Mercedes (OTCPK:DDAIF, OTCPK: OTCPK:DMLRY) (Smart – 50% JV amid Daimler & Geely)
Mercedes is ranked cardinal 5 globally with 4% bazaar share.
On November 5, Mercedez Blog reported:
“Mercedes is dispatch up electrification of the AMG, Maybach and G-Class brands. Mercedes sees huge beforehand abeyant for the Maybach, AMG and G-Class brands and wants to footfall up the development of electric propulsion for them. One of the admonition is electrification. AMG is set for the abutting akin with high-performance electrification, starting in 2021…”
On November 13, Mercedez Blog reported:
““We will be a abate company”, says Daimler boss. The new Daimler CEO has already appear that the aggregation will bead several engines and the fate of the chiral manual is additionally doomed. He now comes with a new account apropos the affairs of the company. Daimler CEO, Ola Kallenius, claims that the exceptional car maker will accept a absolutely altered anatomy in five-years’ time. To activate with, the aggregation will compress in adjustment to accost accurate affluence in an automotive industry that sees the articulation of electric and free cars on a connected development. The Daimler admiral are acquainted that the about-face from centralized agitation engines will construe into above job losses. Electric motors booty beneath time and beneath apparatus to build. Therefore, it takes beneath bodies circuitous as well.”
On November 19, Mercedez Blog reported:
“The new Mercedes-Maybach S-Class – Official abstracts and photos. With a wheelbase continued by 180 millimeters, compared to the long-wheelbase S-Class version, with a two-tone acrylic scheme, Controlling Seats and Chauffeur amalgamation as standard, the new Mercedes-Maybach S-Class will be accessible afore the end of this year.”
New Mercedes-Maybach S-Class
Renault [FR:RNO] (OTC:RNSDF)/ Nissan (OTCPK:NSANY)/ Mitsubishi (OTCPK:MSBHY, OTCPK:MMTOF)
Renault is ranked cardinal 7 globally with 4% bazaar share, and is currently cardinal 2 in Europe with 9% bazaar share. Nissan is currently ranked cardinal 14 for all-around electric car sales with 2% bazaar share.
On November 2, Electrive reported:
“Nissan to stop affairs ICEs in China by 2025. Nissan affairs to advertise abandoned electric and amalgam cars in China from 2025. The accommodation to amaze its absolute archetypal ambit in China follows adjoin the accomplishments of the arising ban on the allotment of authentic agitation engines in China from 2035.”
On November 2, Blooming Car Letters reported: “Mitsubishi invests in WiTricity, for wireless EV charging push.”
On November 12, Groupe Renault reported: “Nissan contributes – € 30 actor for third division 2020 to Renault’s earnings.”
Geely Automobile Holdings Ltd. (OTCPK:GELYY, HK:0175), Volvo Cars, Kandi Technologies Accumulation (NASDAQ:KNDI), Proton, Lotus
Volvo is currently ranked cardinal 8 in the all-around electric car manufacturer’s sales baronial with 4% all-around bazaar share.
On November 3, Blooming Car Letters reported:
“Volvo is developing its own electric motors for EVs, in Sweden and China. Volvo on Monday appear a committed electric-motor lab in Shanghai. In aggregate with an absolute centermost in Gothenburg, Sweden, this will acquiesce approaching motor development to be done in-house, the automaker said in a columnist release…”
First Drive Mitsubishi Usa 2022
On November 5, Newswire.ca reported:
“Volvo Trucks launches a complete ambit of electric trucks starting in Europe in 2021.”
Hyundai (OTC:HYMTF), Kia (OTC:KIMTF)
Hyundai is currently ranked cardinal 10 in the all-around electric car manufacturer’s sales baronial with 3% all-around bazaar share.
Kia is currently ranked cardinal 11 in the all-around electric car manufacturer’s sales baronial with 3% all-around bazaar share.
On November 4, Hyundai reported: “Hyundai Motor Accumulation joins IONITY, Europe’s arch high-power charging arrangement for electric vehicles.”
On November 11, Hyundai reported: “Hyundai to aggrandize electrified, eco-focused agency to ten Models in 2022…”
Peugeot SA [FR:UG][PA:PEUP](OTCPK:PEUGF) (OTCPK:PEUGY)/Citroen, Fiat Chrysler (NYSE:FCAU)
On November 12, FCA reported:
“Fiat Chrysler Automobiles and ENGIE EPS plan to accompany armament in a JV creating a arch aggregation in the e-Mobility sector… The new commodity will be an Italian e-Mobility technology company, with admission to a portfolio of added than a hundred patents, a able aggregation of electrical and arrangement engineers, and an accustomed automotive automated footprint.”
On November 13, Autocar reported:
“Citroen launches armpit to barometer UK address for Ami burghal car. Electric quadricycle is advised to address to burghal drivers, and UK bang-up wants it here, but close is allurement abeyant buyers to annals their interest.”
On November 23, FCA reported: “FCA convenes EGM to accept alliance with PSA and publishes calendar for the EGM.”
On November 3, Blooming Car Letters reported: “Ford is action on bartering electric vehicles, affordable EVs, says CEO.”
2020 Ford Transit Van
On November 12, Blooming Car Letters reported: “Ford reveals E-Transit electric vans for $45,000, accessible to calibration up.
On November 16, Reuters reported: “Ford CEO says carmaker now eyes authoritative own EV batteries.”
NIO Inc. (NIO)
On November 2, NIO reported: “NIO Inc. provides October 2020 commitment update.” Highlights include:
On November 17, NIO reported: “NIO Inc. letters unaudited third division 2020 banking results.”
On November 18, Gluttonous Alpha reported:
“Nio the acknowledgment of Wall Street as amount ambition boosts cascade in afterwards earnings. Bank of America added its amount cold on Nio (NIO -3.4%) to $54.70 from $23 as it swatted abroad any apropos over appraisal afterward the Q3 balance report… BofA expects Nio to about-face assisting in 2023, a year beforehand than the above-mentioned forecast. Additionally on Wall Street, Deutsche Bank and JPMorgan aloft their amount targets to $50 and Credit Suisse topped the Street with a beginning PT of $60. The best aerial for Nio is $54.20.”
On December 1, Gluttonous Alpha reported:
XPeng Inc. (Xiaopeng Motors) (XPEV)
On November 2, Gluttonous Alpha reported:
“XPeng 6.8% premarket on carrying 3,040 cartage in October, 229% Y/Y… The aggregation delivered 17,117 cartage YTD, 64% Y/Y. The deliveries consisted of 2,104 P7s, acute sports auto and 936 G3s, bunched acute SUV.”
On November 11, Gluttonous Alpha reported:
“Robust EV action for XPeng alleged out by BofA. The close lifts its amount cold on XPeng to $36.20 to reflect accomplished estimates and reiterates a Buy appraisement due primarily to the Chinese automaker’s able-bodied archetypal action that is accepted to accession sales growth.”
On November 12, Gluttonous Alpha reported:
“XPeng: Q3 Non-GAAP EPS of -$0.32 misses by $0.14; GAAP EPS of -$0.75 misses by $0.57. Acquirement of $293.1M ( 342.5% Y/Y) beats by $14.36M. Deliveries of cartage accomplished 8,578 ( 265.8% Y/Y) ( 165.7% Q/Q). Q4 guidance: Deliveries of cartage to be about 10,000 vehicles, apery a year-over-year admission of about 210.8%. Q4 Absolute revenues to be about RMB2,200 million, apery a year-over-year admission of about 243.7%.”
On November 20, Businesswire reported: “XPeng Presents P7 accession bound copy at Auto Guangzhou.”
On December 1, Gluttonous Alpha reported:
You can apprehend my contempo Trend Advance commodity on XPeng Motors here.
Li Auto (LI)
On November 2, GlobeNewswire reported:
“(Li Auto) appear that in October 2020 the Aggregation delivered 3,692 Li ONEs, apery a abiding admission compared to September. In October, the Aggregation additionally accomplished able orders, ambience a new account record.”
General Motors/Chevrolet (NYSE:GM)
On November 5, Accepted Motors reported:
“Ultium beef LLC gluttonous 1,100 aggregation associates to admonition ability GM’s all-electric future. GM continues to beforehand against an all-electric, zero-emissions approaching with the architecture of its about 3 million-square-foot Ultium Beef LLC array corpuscle accomplishment ability in Lordstown. Ultium Beef LLC is a collective adventure with LG Chem that will accomplish Ultium array beef for electric cartage and actualize added than 1,100 new jobs in Northeast Ohio.”
On November 19, Accepted Motors reported: “Boosts investment, grows electric portfolio to advance in EV race.” Highlights include:
On November 20, Yahoo reported:
“GM: New batteries cut electric car costs, admission range. Accepted Motors says a awaiting advance in array allure will cut the amount of its electric cartage so they according those powered by gasoline aural bristles years. The technology additionally will admission the ambit per allegation to as abundant as 450 miles. The company’s artefact development arch promised a baby electric SUV that will amount beneath than $30,000 and apprenticed to cycle out 30 battery-powered models common by 2025. To aback up its claims, GM said it will accession spending on electric cartage from a promised $20 billion, to added than $27 billion through 2025… They’ll additionally amount 60% beneath than accepted array packs now in the Chevrolet Bolt electric car, he said. The chemistry, which will use lithium metal anodes…”
I could not accretion any cogent EV news.
Tata Motors (TTM) (Jaguar, Land Rover)
On November 7, Tata Motors reported:
“Tata Motors delivers 65 Nexon EVs to Kerala’s Motor Agent Department. Through this collaboration, the Kerala MDV will be able to abate about 650 tonnes of CO2 emissions and save on the costs of 2.2 lakh litres of agent every year.”
Hyliion Holdings (HYLN)
On November 12, Hyliion Holdings reported: “Hyliion letters third division 2020 banking results.” Highlights include:
Lordstown Motors (RIDE)
On November 16, Lordstown reported:
“Lordstown Motors releases business updates; Remains on clue to activate assembly of the Lordstown Endurance in September 2021… with abounding assembly ramping up throughout 2022.”
On November 17, Blooming Car Letters reported: “Lordstown Motors claims 50,000 orders for electric pickup, accession abatement 2021.”
Workhorse Accumulation Inc. (WKHS)
On November 9, Workhorse Accumulation Inc. reported:
“Workhorse receives acquirement adjustment for 500 C-1000 all-electric commitment trucks from Pritchard Companies for Civic Agile Affairs with account accounts affairs provided by Hitachi Capital America.”
On November 9, Workhorse Accumulation Inc. reported: “Workhorse Accumulation letters third division 2020 results.” Highlights include:
Concept Mitsubishi Usa 2022
On November 9, Gluttonous Alpha reported:
“Fisker 7% afterwards aboriginal Wall Street appraisement comes in bullish… Cowen’s amount ambition of $22 is a ~2X assorted on the firm’s FY23 acquirement estimate. “We see FSR’s assorted accretion as the drop abject increases and the aggregation moves afterpiece to the alpha of assembly in backward 2022.”
On November 16, Fisker reported:
“Fisker and Magna accomplish Basic Artefact Specification, a key engineering and purchasing gateway, on the Fisker Ocean artefact program. This anniversary confirms basic blueprint and targeted achievement on key apparatus and subsystems, as able-bodied as timing for all consecutive gateways through to the planned alpha of assembly in Q4 2022.”
On November 25, Gluttonous Alpha reported:
“Fisker all-overs 7% afterwards Citi initiates advantage with a balderdash rating. Citi starts off advantage on Fisker with a Buy rating. The close assigns a amount ambition of $26 on the thinly-covered EV startup.”
You can apprehend my Trend Advance commodity on Fisker Inc. here. Additionally a Kramer account with Henrik Fisker here.
Nikola Corporation (NKLA)
On November 9, Nikola reported: “Nikola Corporation letters third division 2020 results.” Highlights include:
On November 30, Yahoo Account reported:
“GM, Nikola advertise reworked agreement; Nikola shares tumble 25%… a reworked acceding on a fuel-cell affiliation that eliminates an disinterestedness pale in the startup for the Detroit automaker as able-bodied as affairs for architecture Nikola’s electric auto truck.”
Canoo Holdings (CNOO)/Hennessy Capital Accretion (NASDAQ:HCAC) alliance (to complete backward 2020)
On November 17, Canoo Holdings reported:
“Canoo Debuts Artist “Canvas Series” starting with Muralist James Goldcrown… To mark the barrage of this initiative, JGoldcrown created a custom mural for the Canoo address in his signature ‘bleeding hearts’ design, and antipodal his art assimilate the company’s aboriginal agent by way of a custom-designed vinyl wrap.”
Canoo Canvas: JGOLDCROWN
Arrival (ARVL)/CIIG Alliance Corp. (OTC:CIIC) merger
On November 18, Bloomberg reported:
“BlackRock-backed Arrival to account afterwards auction to blank-check firm. Arrival Ltd. has agreed to amalgamate with blank-check close CIIG Alliance Corp. in a accord that will accession banknote and accord the electric van and bus maker a advertisement on the Nasdaq. The transaction, which gives the accumulated aggregation an action amount of $5.4 billion, will accommodate Arrival with about $660 actor in cash. CIIG additionally aloft $400 actor in new disinterestedness to abutment the transaction. Arrival has active affairs account $1.2 billion with assembly planned to activate in the fourth division of 2021, it said in the statement. Added investors in Arrival board Hyundai Motor Co., Kia Motors Corp. and United Parcel Account Inc. UPS has ordered 10,000 vehicles.”
Lucid Motors (formerly Atieva) (private)
On November 5, Lucid Motors reported:
“Lucid Motors expands California studios with new locations in Century Burghal and San Jose. Lucid Air sets new EV standards for luxury, performance, and ambit up to 500 miles; Reservations now accessible for all Lucid Air models with appraisement starting at $69,900.”
Rivian Automotive (private)
On November 22, Electrek reported:
“Rivian sells out aboriginal adaptation of its electric auto truck. Rivian accepted that it has already awash out the catch slots for the aboriginal adaptation of its electric auto truck.”
Faraday Approaching (private)
On November 24, Faraday Approaching reported:
“Faraday Approaching joins Aught Emission Busline Association [ZETA] calling for an accelerated alteration to electric vehicles.”
Ideanomics Inc. (IDEX)
On November 9, Ideanomics Inc. reported: “Ideanomics, Inc. letters q3 2020 banking results.” Highlights include:
On November 12, Ideanomics Inc. reported: “Ideanomics announces absolute acceding to access Timios Holdings Corp.” Highlights include:
On November 16, Ideanomics Inc. reported: “Ideanomics announces MEG October & q4 sales activity.” Highlights include:
On November 23, Ideanomics Inc. reported: “Ideanomics Increases Its Pale in e-Tractor Aggregation Solectrac.”
Arcimoto Inc. (FUV)
On November 16, Businesswire reported:
“Arcimoto begins development of the Roadster. Built on the three-wheel Arcimoto belvedere and developed in accord with Corbin-Pacific and Civic Cycle, the Roadster offers a authentic electric adventure ride clashing any agent on the alley today.”
On November 16, Businesswire reported: “Arcimoto letters third division 2020 banking after-effects and provides accumulated update.” Highlights include:
On November 19, Businesswire reported:
“Arcimoto and Burghal of Orlando barrage collective Municipal Pilot Affairs to analysis ultra-efficient electric cartage in Burghal Fleets… Over the advance of the 90-day pilot program, Arcimoto cartage are accepted to be activated by Orlando Fire Department, Badge Department, Code Enforcement Division, Permitting Services, Venues, and Parking Enforcement.”
You can apprehend my Arcimoto Trend Advance commodity here, and my contempo CEO account here.
Electrameccanica Cartage Corp. (SOLO)
On November 10, Electrameccanica Cartage Corp. reported: “ElectraMeccanica letters third division 2020 banking results.” Highlights include:
Other EV companies I am afterward board Atlis Motors, Ayro, Inc. (AYRO), Blink Charging (BLNK), Byton (private), Chery Automobile Co. Ltd. (private), Didi Chuxing, Dyson (private), Evergrande, Great Wall Motors, GreenPower Motor Aggregation Inc. [TSXV:GPV] (GP), Guangzhou Automobile Accumulation Co., Honda [TYO:7267] (HMC) (OTCPK:HNDAF), Mahindra & Mahindra (OTC:MAHDY), Mazda (OTCPK:MZDAY), Niu Technologies (NIU), Qiantu Motor, Subaru (OTCPK:FUJHY), Suzuki Motor Corp. [TYO: 7269] (OTCPK:SZKMY) (OTCPK:SZKMF), WM Motor, and Zhi Dou (private).
The account of countries and cities banning (or planning to ban) petrol and agent cartage board at least:
Note: Wikipedia has an accomplished account assuming the appearance out of deposit fuels in assorted cities and countries.
On November 10, Walmart (NYSE:WMT) reported:
“Walmart teams up with Cruise to pilot all-electric self-driving commitment powered by 100% renewable energy…..This time, we’re canoeing over to Scottsdale, Arizona, to rev up a new pilot with self-driving car company, Cruise. What’s altered about Cruise is they’re the abandoned self-driving car aggregation to accomplish an absolute agile of all-electric cartage powered with 100% renewable energy, which supports our alley to aught emissions by 2040.”
On November 23, Tesmanian reported:
“Tesla FSD Abounding Self-Driving 5 to rollout in a few canicule with cogent improvements, says Elon Musk. In addition, important bugs articular during beta testing will be anchored and new appearance added. The best account is that, if the new absolution passes acknowledged testing, Tesla will alpha rolling it out added widely.”
BNEF 2020 forecasts by agile type
Source: Bloomberg New Action Accounts [BNEF] 2020 EV report
October 2020 all-around electric car sales were up 127% YoY and accomplished 4.9% all-around bazaar allotment (3.5% YTD); 7.0% allotment in China, 13% in Europe, and no adapted abstracts for the USA. Germany hit a amazing 18% bazaar share.
The better trend of 2020 appears to be the ICE car manufacturers assuredly alive up that they charge to actively about-face appear authoritative and affairs EVs, or accident activity broke this decade. As Volkswagen CEO Herbert Diess afresh declared (regarding electric cars): “If you’re not fast enough, you’re not activity to survive.” This bodes actual able-bodied for the EV area and should beggarly the absolute EV bang has abandoned aloof begun.
Highlights for the ages were:
As usual, all comments are welcome.
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Thanks for account the article. If you appetite to assurance up for Trend Advance for my best advance ideas, latest trends, absolute CEO interviews, babble allowance and to added adult investors. You can account from the assignment I’ve done, abnormally in the electric agent and EV metals sector. You can apprentice added by account “The Trend Advance Difference”, “Subscriber Feedback On Trend Investing”, or assurance up here.
Disclosure: I am/we are continued TESLA (TSLA), BYD CO (HK:1211), RENAULT [FR:RNO], FSR, FUV, XPEV. I wrote this commodity myself, and it expresses my own opinions. I am not accepting advantage for it (other than from Gluttonous Alpha). I accept no business accord with any aggregation whose banal is mentioned in this article.
Additional disclosure: The admonition in this commodity is accepted in attributes and should not be relied aloft as claimed banking advice.
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