What happened in the mobility market this week?
Read this 2-minute recap to stay in the loop.
1. Canoo 🇺🇸 and the U.S. Postal Service have reached a deal for the acquisition of six right-hand drive Lifestyle Delivery Vehicle 190.
2. Apple 🇺🇸 abandoned plans for self-driving cars and focused on developing a more conventional EV to save time and increase its chances of success.
3. Lotus 🇬🇧🇨🇳 Emeya EV production has began, starting at $94k. Deliveries will start in China first.
4. Tesla opened its first Chilean store on January 31st, this was celebrated at Parque Arauco 🇨🇱.
5. Akio Toyoda, Toyota's 🇯🇵 chairman, predicts that battery EVs will only reach 30% market share, favoring hybrids, hydrogen fuel cells, and gas-powered cars. Let’s see …
6. Toyoda 🇯🇵 also announced plans to develop new internal combustion engines at the Tokyo Auto Salon, asserting their relevance alongside electric vehicles.
7. JSW Group 🇮🇳 commits $4.81 billion to EV manufacturing in India, with focus on battery and component production.
8. British EV company Arrival 🇬🇧 is near bankruptcy after missing debt payment and facing delisting.
9. USPS inaugurated EV charging stations at South Atlanta center 🇺🇸, starting nationwide deployment for 66,000 electric delivery vehicles.
10. Panasonic 🇯🇵 postponed building a third EV battery plant in North America, prioritizing productivity at existing plants.
11. Monta 🇩🇰 secured €80 million ($87 million) in venture capital for expanding its EV charging management business across Europe and the US.
12. ProLogium plans to start mass production in France 🇫🇷 in 2027. The company is also considering an IPO and has partnered with Mercedes-Benz.
13. Fisker 🇺🇸 anticipates selling around 5,000 unsold vehicles from last year by Q1 end, with over 100 dealers expressing interest in the dealer-partner model.
14. Plug Power secured a $1.6 billion government loan, and will start producing liquid green hydrogen in Georgia 🇺🇸, and prepare to build six new plants.
15. China's 🇨🇳 ambassador said that the EU's 🇪🇺 investigation into Chinese EV subsidies is unfair since the EU also provides state aid to its own companies.
16. Ford 🇺🇸 is recalling 2.24 million Explorer SUVs globally, including 1.89 million in the U.S., due to potential trim detachment issues. No reported crashes or injuries.
17. Reuters reported that Tesla 🇺🇸 plans to start producing an affordable EV, codenamed "Redwood" in mid-2025, as communicated to its suppliers.
18. Porsche 🇩🇪 CTO Lutz Meschke said there could be a delay in Europe's plan to end the sale of new combustion-engine cars by 2035.
19. Porsche 🇩🇪 also officially revealed its latest battery electric SUV, the Macan.
20. Thailand 🇹🇭 plans to become a regional EV hub by producing lithium from a mine and developing an EV production industry with Chinese investment.
21. Hyundai 🇰🇷 signed a deal to sell its two Russian plants to Art-Finance 🇷🇺, becoming the latest global automaker to exit Russia amid geopolitical tensions.
22. Stellantis acquired AI tech from CloudMade 🇬🇧 to reinforce its STLA SmartCockpit platform, aiming to enhance digital integration between vehicles and drivers.
23. GM 🇺🇸 announced a $1.4 billion investment over five years in Brazil 🇧🇷 to boost EVs production.
24. Honda 🇯🇵 revealed final specs and pricing for the Prologue. Deliveries start in March, priced from $48,795 to $59,295, it will be built on GM Ultium EV architecture.
25. Polestar 🇸🇪 intends to reduce its global workforce by 15%, cutting approximately 450 jobs. The reason ? challenging market conditions in the electric vehicle industry.
26. Tesla will invest $500 million in Buffalo, NY 🇺🇸, for a Dojo (a supercomputer designed and built by Tesla) to enhance FSD safety and engineering through extensive EV data processing.
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That’s a weekly recap that I post every single week.
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