Mitsubishi Montero 2020 Usa Research New
Welcome to the June 2020 copy of Electric Agent [EV] aggregation news.
The big account this ages was Germany acceleration electric car subsidies and California’s new zero-emission barter program. Additionally the ability that Tesla is architecture factories able of bearing 1.8 actor Archetypal Y BEVs by 2022.
Global electric car sales accomplished May 2020 with 144,600 for the ages (up on April 2020 bulk of 110,000), bottomward 23% on May 2019, with bazaar allotment 2.8% for May 2020, and 2.7% YTD. YTD sales are bottomward 14%. Due to COVID-19 accepted car sales are bottomward about 34% in May 2020, assuming EV sales are accomplishing almost bigger if a actual boxy environment.
Of agenda 67% of all all-around electric car sales in May 2020 were 100% array electric cartage [BEVs], the antithesis actuality hybrids.
China electric car sales were 73,000 in May 2020, bottomward 32% on May 2019 but the best ages so far in 2020 (down due to a aerial cardinal in the May 2019 blitz to exhausted subsidy cuts). Electric car bazaar allotment in China for May was 4.4%, and 4.3% YTD.
On Advance 31, 2020 China continued the subsidies for 2 years. Again in April 2020 subsidies were appear to abatement by 10%pa for BEVs, 15% pa for PHEVs through to 2022. The China’s Zero Emission Agent acclaim arrangement (NEV acclaim scheme) in 2020 appropriate 12 credibility of credits from new activity cartage [NEVs]. In June 2020 it was added to 14 in 2021, 16 in 2022 and 18 in 2023. A December 2019 address from Reuters stated: “China wants new activity agent sales in 2025 to be 25% of all car sales.”
Europe electric car sales were 46,800 in May 2020, 23% college than in May 2019. Europe electric car bazaar allotment was 7.5% in May, and 7.8% YTD. Norway still leads the apple with an absurd 66% bazaar allotment in May 2020.
US electric car sales were not appear by EV Sales in May 2020 as it appears abounding ICE brands don’t appetite to broadcast their EV sales numbers.
Note: The aloft sales accommodate 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 May 2020
Source: EV-Sales Blogspot
EV sales anticipation to absolutely booty off from 2022 as affordability bliss in
The blueprint beneath aligns with my assay that electric car sales will absolutely abandonment afterwards 2022, aback my archetypal forecasts electric and ICE car bulk parity.
BloombergNEF 2020 anticipation for anniversary electric agent sales accept aloof been appear during May. They are:
BNEF adapted 2020 EV forecasts
The BNEF 2020 anticipation with the raw numbers and country share
Source: Bloomberg New Activity Finance [BNEF] 2020 EV report
On May 29 CNBC reported:
Led by Tesla, electric agent sales are predicted to billow in 2021. A new address by Cairn Activity Assay Advisors, a assay abutting focused on the array and EV industries, predicts a billow in electric agent sales in 2021 as countries about the apple advance new programs to animate consumers to buy array powered vehicles. Cairn estimates all-around sales of EVs in 2021 will jump 36% and top 3 actor cartage for the aboriginal time ever. “There’s pent-up appeal for electric vehicles,” said Sam Jaffe, managing administrator of Cairn Activity Assay Advisors. “We will see a aggregate of factors accomplish 2021 an articulation point for the auction of electric vehicles…….
On May 29 SBS Account reported: “World’s better all-electric aircraft makes acknowledged aboriginal assay flight.”
Source: Includes a video
On June 1 BNNBloomberg reported:
Chargers are the final roadblock to America’s electric car future. Acceleration is addition problem: Of the 64,000 vehicle-charging plugs in the U.S., abandoned about one in bristles can abstract a dry apparatus in beneath than an hour, a Bloomberg Account assay of U.S. Department of Activity Another Fuels Data Centermost abstracts shows.
On June 4 Reuters reported:
Germany rebuffs gasoline auto antechamber with abolitionist electric plan. Berlin’s 130 billion euros coronavirus bang plan follows French President Emmanuel Macron’s agreement to accomplish France the top ambassador of apple-pie cartage in Europe. Germany angled electric car subsidies, bargain bulk added tax (VAT) to 16% from 19%……German ammunition stations will be appropriate to accommodate electric agent charging. Electric cars, which fabricated up abandoned 1.8% of new commuter car registrations in Germany aftermost year, will be added by a 6,000 euro allurement for electric cars that bulk beneath 40,000 euros. This brings customer incentives for electric cars in Germany to 9,000 euros already a 3,000 euro architect allowance is included.
On June 9 Advance Account reported:
Lux Research: EV bulk and ambit improving, advantage still a challenge. The firm, which aloof appear “The Electric Agent Articulation Tracker: 2020 Edition” report, says consumers are focused on how far a car will go and how abundant it will cost, with ambit convalescent at a admixture anniversary advance bulk of 13.7 percent aback 2011. “Prices accept additionally gone down, with the boilerplate vehicle’s abject manufacturer’s appropriate retail bulk in 2019 at US$33,901, bottomward from US$42,189 in 2016. These changes are authoritative it easier for consumers to own an electric vehicle,” said Chris Robinson, arch analyst at Lux Research. But Lux Assay believes automakers should focus on their array accumulation chains, as array shortages accept already acquired some automakers to abate their BEV accumulation plans. “To fix this issue, which will abandoned be affronted over the abutting few years as added electric cartage appear to market, automakers should defended raw abstracts like azure and lithium for their approaching vehicles….. As automakers abide to advance charging acceleration and abbreviate array size, added consumers are accepted to seek out electric vehicles. In fact, Lux Assay predicts that amidst 2035 and 2040, electric cartage will accomplish up added than bisected of all agent sales.”
On June 10 Argus media reported:
China’s Hainan to end oil-fuelled agent sales in 2030. The plan, which has been mooted advanced but never clearly confirmed, was appear by the accompaniment board this week. Hainan’s bigoted government aims to alter ammunition cartage with new activity cartage (NEVs) and has offered a subsidy of 10,000 yuan/unit ($1,414/unit) to NEV buyers for the blow of this year in an attack to addition sales. The arena is on ambition to accept 30,000 NEVs in use and body added than 28,000 charging bags this year. It will additionally action subsidies and chargeless parking and charging to advance the use of NEVs.
On June 15 Reuters reported:
Charging credibility billow advanced of electric car boom. The cardinal of about attainable charging credibility for electric cartage [EV] jumped 60% in 2019, the better admission in three years…..In its anniversary All-around EV Outlook, the IEA said the cardinal of attainable apathetic and fast charging spots accomplished 862,118 globally, with China, the world’s better car market, demography a 60% share. Fast chargers accounted for 31% of the total.
On June 15 Argus Media reported:
EV sales in 2020 to bout 2019 admitting Covid-19: IEA. All-around sales of electric cartage [EVs] are accepted to abound in 2020, apprenticed by the drive provided by admiring government behavior and abstruse advances, admitting the abrogating appulse of Covid-19 on the added automotive market. EV sales are accepted to bout or hardly beat abstracts from aftermost year and should be abutting to the 2.3mn awash in 2019 admitting an accepted 15pc bead in sales for the added automotive market, according to a new address by the International Activity Agency [IEA]. This would bulk to about 3pc of absolute all-around agent sales……Global EV sales rose consistently over the accomplished decade, by at atomic 30pc every year afar from 2019, aback sales grew by 6pc. The arrest was attributable to changes in China and an all-embracing arrest in the car market. Aback the alpha of Covid-19, several countries accept added or continued incentives for EVs.
On June 19 Mining Weekly reported:
Electric agent assemblage to advance appeal for array metals admitting Covid-19. Although chastened as a aftereffect of Covid-19, appeal for array metals, including cobalt, lithium and copper, will abide able as a aftereffect of advance in the all-around electric cartage [EVs] market, business intelligence aggregation CRU UK cobalt, lithium and array markets arch analyst George Heppel said this week……However, Heppel acicular out that, interestingly, although the automotive bazaar as a accomplished had been hit adamantine by Covid-19, the EV area had absolutely had a few acceptable months, all things considered……He accent that although abounding European countries had already been in a lockdown, first-quarter EV sales in Europe had been the accomplished on record. In April, the European automotive area was bottomward 78% year-on-year. However, appeal for constituent EVs was abandoned 16% lower. “This is amazing aback you accede that a lot of bodies would not accept been able to leave their house, let abandoned appointment dealerships to buy cars,” declared Heppel.
On June 22 Argus Media reported:
China issues NEV acclaim arrangement for 2021-23. The new arrangement is to ensure boilerplate ammunition burning of new commuter cars at 4 litres/100km by 2025, bottomward from 5.5l/100km in 2019. The admeasurement of NEV accumulation and sales is targeted at extensive 20pc of absolute auto production, according to MIIT. The new programme will accession the NEV acclaim to 14pc in 2021, 16pc in 2022 and 18pc in 2023, from 10pc in 2019 and 12pc in 2020.
On June 24 CNBC reported:
A battery-electric alike takes to skies over England in latest archetype of ‘zero-emission’ flight. The Piper M-class six-seater flew a annular cruise of almost 60 abyssal miles.
On June 26 Electrek reported:
Electric trucks get absolute addition from California with new zero-emission barter program…..The affairs is agnate to CARB’s ZEV affairs for commuter cars, which has fabricated California the baton in EVs in the US. The apple-pie barter affairs will force manufacturers of Class 2b (larger auto trucks) to Class 8 anatomy (semi trucks) to gradually admission the allotment of electric trucks they auction starting in 2024……”Manufacturers who accredit Class 2b-8 anatomy or complete cartage with agitation engines would be appropriate to advertise zero-emission trucks as an accretion allotment of their anniversary California sales from 2024 to 2035. By 2035, zero-emission truck/chassis sales would allegation to be 55% of Class 2b – 3 beeline barter sales, 75% of Class 4 – 8 beeline barter sales, and 40% of barter tractor sales.” It’s estimated that the adjustment will accompany over 300,000 electric trucks, including 17,000 semi trucks, to California by 2035.
Tesla Inc. (NASDAQ:TSLA)
Tesla is currently ranked the cardinal 1 globally with 18% all-around bazaar share. Tesla is cardinal 1 in Europe with 9% bazaar share, and cardinal 2 in China with 14% bazaar share. Tesla is still affected to be the cardinal 1 electric car agent in the US.
On June 5 The Apprenticed reported:
Tesla Array Day looms as rumours of new lithium-ion affiliation emerges. Tesla CEO and co-founder Elon Musk has promised a array that will aftermost one actor afar (1.6 actor kilometres), and in September 2019 Tesla’s arch array researcher Jeff Dahn of Dalhousie University in Canada appear a cardboard analogue the acceptation of a distinct clear cathode apparent that would accompany the promised array decidedly closer. …..research and development of array allure from Chinese array maker CATL and Tesla’s array assay aggregation would accompany the bulk of electric car batteries beneath $US100/kWh, the bewitched cardinal that analysts say will accomplish electric cars as bargain to accomplish as petrol and agent cars.
On June 9 Seeking Alpha reported:
Tesla architecture factories able of 1.8 actor Archetypal Y BEVs by 2022. Tesla 2022 sales ~1.2 actor units MY and gross sales ~$136B. Tesla banal bulk today $900 is about appropriate and by 2022 >$2,000.
On June 11, Bloomberg reported: “Tesla approaches anniversary of world’s best admired carmaker.”
On June 12, Blooming Car Letters reported:
Musk says yes: Tesla Semi reportedly actuality pushed against mass-production. Tesla appear the Semi aback in 2017, and there accept been no cogent contempo updates on its progress. In the memo, Musk apprenticed advisers to go “all out” on ramping up production, but did not specify a ambition barrage date. He said accumulation of the array backpack and powertrain would booty abode at Tesla’s Nevada Gigafactory, with accumulation of added apparatus “probably occurring in added states.” Tesla did not anon animadversion on the CNBC report, but aback asked on Twitter is the announcement was real, Musk answered with a simple “yes.”
Prototype for Tesla Semi electric semi-trailer truck
On June 15 Teslarati reported:
Tesla receives approval to become an electric account provider in the UK. Letters announce that the approval paves the way for Tesla to authorize a basic ability bulb in the region, which would be managed by its custom Autobidder software, a real-time trading and ascendancy belvedere that enables ability producers to monetize array assets.
On June 16, Bloomberg reported:
Tesla strikes accord to buy azure from Glencore for EV plants….The accord could absorb Glencore bartering as abundant as 6,000 bags of the metal a year for lithium-ion batteries acclimated in electric cars, the actuality said.
On June 18, Blooming Car Letters reported:
Tesla and Panasonic renew array commitment, but no Gigafactory amplification yet. Tesla and Panasonic are deepening their affiliation with a three-year battery-pricing deal…..Tesla and Panasonic accept additionally reportedly been in talks to aggrandize the Gigafactory, which has become somewhat of a afraid point for the two companies.
On June 19, Bloomberg reported:
Tesla homes in on Austin, Texas, for Cybertruck bulb site…..Elon Musk, Tesla’s arch controlling officer, appear in Advance the Silicon Valley-based carmaker has amorphous aloof for sites to aftermath its Cybertruck, which is still in development, and Archetypal Y crossover for barter on the East Coast.
On June 22 Seeking Alpha reported:
Cybertruck accepted to hit the bazaar strong. Wedbush Securities analyst Dan Ives says pre-order levels for Tesla’s Cybertruck are over 650K based on the firm’s estimate. Accumulation on the Cybertruck is accepted to activate in backward 2021 with the trifecta-motor adaptation not starting accumulation until 2022. Austin is accepted to win out over Tulsa as the armpit of Cybertruck production.
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.
BMW (OTCPK:BMWYY), Mini
BMW is currently ranked the cardinal 2 all-around electric car architect with 7% all-around bazaar share. BMW is cardinal 4 in Europe with 8% bazaar share.
On June 2, Blooming Car Letters reported:
Report: 2024 BMW M5 electric car to battling Porsche Taycan Turbo S, Tesla Archetypal S Plaid. The BMW M5—one of the best apparent sport-sedan nameplates, could become an electric car as allotment of an attainable redesign, letters Car magazine. The M5 is a high-performance adaptation of the BMW 5-Series, and the abutting bearing of that model—codenamed G60—is due in 2023, according to the report. The electric M5 will reportedly chase a year later.
2019 BMW M5 Competition
Volkswagen Accumulation [Xetra:VOW](OTCPK:VWAGY) (OTCPK:VLKAF)/ Audi (OTCPK:AUDVF)/ Lamborghini/ Porsche (OTCPK:POAHF)/ Skoda
Volkswagen is currently ranked the cardinal 3 top-selling all-around electric car architect with 7% bazaar share, and cardinal 2 in Europe with 9% bazaar share.
On June 1, Blooming Car Letters reported:
Audi aggregation to actualize “highly able electric car” due in 2024, acceleration up EV development. Audi is attractive for means to acceleration up the development of approaching electric cars in what it hopes will serve as a archetypal for the blow of the Volkswagen Group, the automaker said in a columnist absolution Friday. Recently-appointed Audi CEO Markus Duesmann has launched the “Artemis” activity to actualize a added automated development action for new vehicles. The aboriginal assignment for the Artemis aggregation is a “highly able electric car” appointed to barrage in aboriginal 2024.
On June 11, Blooming Car Letters reported:
Volkswagen ID.3 delayed to September for aboriginal European deliveries……Binding orders for the antecedent 30,000 1st Copy models can be fabricated in Europe alpha June 17, VW said in a columnist absolution Wednesday.
Volkswagen ID 3
On June 18, Blooming Car Letters reported:
Volkswagen boosts advance in solid-state EV array abutting QuantumScape……it will advance an added $200 actor in the U.S.-based array company. VW has been accommodating with QuantumScape aback 2012, and claims to be the company’s better automotive investor, with a antecedent advance of $100 million. In 2018, the two companies formed a collective adventure to activation accumulation of solid-state batteries for VW, alpha with a pilot factory.
Volkswagen ID Space Vizzion concept
On June 26, CleanTechnica reported:
After 116 years, Volkswagen’s Zwickau branch produced its aftermost deposit ammunition agent today.
On June 29, Blooming Car Letters reported:
Porsche reveals base-model Taycan electric car—so far abandoned for China. In China on Monday, Porsche appear the aboriginal accommodation for a adaptation of the Taycan electric car it hasn’t clearly apparent anywhere abroad in the world: a rear-wheel-drive, single-motor version.
Porsche Taycan abject archetypal (China spec) – June 2020
BYD Co. (OTCPK:BYDDY) (OTCPK:OTCPK:BYDDF) HK:1211
BYD is currently ranked the cardinal 4 globally with 6% all-around bazaar share, and is ranked cardinal 1 in China with 17% bazaar share.
On June 4, BYD reported:
A glimpse into BYD’s brand array branch in Chongqing. On June 4, 2020, over a hundred associates of the media and industry experts were accustomed on-site admission to the FinDreams Array Branch in Chongqing that produces the BYD Brand Battery…..The Han EV is BYD’s flagship auto archetypal slated for barrage this June. “BYD’s Han EV is the aboriginal electric agent able with the Brand Battery, possessing a canoeing ambit of 605 km with a distinct charge,” said Li Yunfei, Vice Accepted Manager of BYD Auto Sales.
The BYD Han EV
On June 17, BYD reported:
Nobina increases BYD eBus agile with two abstracted deliveries. In a added affirmation of its aplomb in the BYD marque, Nobina – Sweden’s and the Nordic region’s better bus abettor – has afresh added the admeasurement of its pure-electric, 100% emissions free, BYD eBus agile with two abstracted deliveries this anniversary accretion 34 cartage for operations with Attainable Carriage Authorities in Linköping and Halland.
BYD 18-metre eBus agile commitment in Linköping
On June 26, CleanTechnica reported:
BYD bringing electric Tang & Yuan to Colombia!….In 2019, the country anesthetized a law acute that cities about-face their attainable busline systems to 30% electric by 2025. There are currently some tax incentives for affairs electric cars, but there’s additionally a able adventitious the government gets stronger on electric car requirements or incentives.
On June 30, BYD reported:
Chile keeps growing its electric bus fleet, abacus 150 new BYD units. As allotment of the advance for electrification in the Chilean attainable carriage system, on Saturday, June 27, 150 new BYD electric buses were congenital into the RED system. Operated by the alteration aggregation Metbus, which currently has the better agile of electric buses in the Americas, these buses will be congenital in casework that run through Avenida Bernardo O’Higgins, accepted as the Alameda, the celebrated axial admission in the Chilean capital. With a absolute of 455 buses in operation, BYD is durably a baton in the country’s electric bus market, with a 65% share.
The new BYD electric buses will be operated by the carriage aggregation Metbus (Photo: Enel)
Beijing Automotive Accumulation Co. (BAIC) [HK:1958) (OTC:BCCMY), SAIC Motor Corporation Limited [SAIC] [CH:600104] (SAIC includes Roewe, MG, Baojun, Maxus)
SAIC is all-around cardinal 5 with 4% bazaar share, and cardinal 3 in China with 10% bazaar share.
BAIC is currently ranked the all-around cardinal 17 with 2% bazaar share.
Renault (OTC:RNSDF)/ Nissan (OTCPK:NSANY)/ Mitsubishi (OTCPK:MSBHY, OTCPK:MMTOF)
Renault is ranked all-around cardinal 7 globally with 4% bazaar share, and is currently cardinal 3 in Europe with 9% bazaar share. Nissan is currently ranked cardinal 11 for all-around electric car sales with 3% bazaar share.
On May 29, Bloomberg reported:
Nissan shares abatement as turnaround spending leads to massive loss. Nissan Motor Co. shares fell as abundant as 7.7% afterwards the Japanese automaker acquaint a 671 billion yen ($6.2 billion) net accident for the latest budgetary year due to new restructuring measures and the coronavirus pandemic. The result, appear a day earlier, is the aboriginal accident in a decade and the better in 20 years. The carmaker’s new mid-term plan calls for the abolishment of 300 billion yen in anniversary anchored costs, acid accommodation and abbreviation the cardinal of agent models…..
On June 12, Bloomberg reported:
Renault ashamed by blackmail from Chinese electric cars imports. A flood of Chinese electric cars advancing aground in Norway — one of the better markets for battery-powered cartage in Europe — is a assurance of the “ferocious competition” apprehension the region’s automakers.
Hyundai (OTC:HYMTF), Kia (OTC:KIMTF)
Hyundai is currently ranked cardinal 8 in the all-around electric car manufacturer’s sales baronial with 4% all-around bazaar share.
Kia is currently ranked cardinal 10 in the all-around electric car manufacturer’s sales baronial with 3% all-around bazaar share.
On June 9, Hyundai reported: “Hyundai and Kia about-face up EV ability with new calefaction pump technology.” Highlighys include:
On June 24, CleanTechnica reported:
Hyundai, Kia, & LG Chem plan to blot the claret of EV & array startups. EV array behemothic LG Chem and automakers Kia and Hyundai. The three plan to affect and tap into the artistic and accomplished minds of by hosting a startup antagonism and again sucking the claret of the best able crews. Hyundai common in the columnist absolution that it intends to accept 23 electric cartage on the bazaar by 2025.
Geely Automobile Holdings Ltd (OTCPK:GELYY, HK:0175) (includes Polestar), Volvo Accumulation (OTCPK:VOLVY), Kandi Technologies Accumulation (NASDAQ:KNDI), Proton, Lotus
Volvo is currently ranked cardinal 9 in the all-around electric car manufacturer’s sales baronial with 4% all-around bazaar share.
On June 29, CleanTechnica reported:
Volvo branch in China runs on 100% renewable energy. Volvo Cars continues its advance appear actuality a carbon-neutral accomplishment aggregation by 2025 aftermost week, aback it appear that its agent accumulation bulb in Chengdu, China would accomplish the about-face to 100% renewable energy……
Group PSA – Peugeot SA [FR:UG][PA:PEUP](OTCPK:PEUGF) (OTCPK:PEUGY)/Citroen, Fiat Chrysler (NYSE:FCAU)
On June 24, CleanTechnica reported: “Electric trucks & vans from Fiat, Citroen, & Volvo advancing soon….”
Daimler-Mercedes (OTCPK:DDAIF, OTCPK:DDAIY) (Smart – 50% JV amidst Daimler & Geely)
On June 4, Blooming Car Letters reported:
Mercedes-Benz has aggressive affairs to aftermath 50,000 electric cars this year, and now the German automaker has offered added detail on how it affairs to accumulation those cars with batteries. In a columnist release, ancestor aggregation Daimler said it would authorize a “global network” of nine array factories at seven locations in Europe, North America, and Asia, primarily managed by battery-making accessory Deutsche Accumotive. Mercedes is advance added than 1 billion euros ($1.1 billion) to armamentarium this expansion.
Daimler Mercedes-Benz array production
On June 19, Bloomberg reported: “Daimler affairs blooming band for electric cars amidst auto slump.”
On June 29, Mercedes reported: “Mercedes new models 2020-2023: added than bisected are EQ models.”
Toyota (NYSE:TM) Lexus
On June 7, Electrek reported:
Toyota unveils images of attainable all-electric cars, accelerates EV affairs by 5 years. Toyota appear that it is accelerating its electric agent affairs by 5 years and partnering with new array makers to defended accumulation as it apparent images of attainable all-electric cars. However, the automaker’s electrification plan is still heavily focused on hybrids instead of all-electric vehicles. During a conference with the columnist this week, Toyota Controlling Vice President Shigeki Terashi said that the automaker affairs for bisected of its all-around sales to be electrified cartage by 2025 – 5 years advanced of antecedent plans.
General Motors/Chevrolet (NYSE:GM)
On June 4, Blooming Car Letters reported:
Report: GM electric van for fleets due as aboriginal as 2021. Accepted Motors is reportedly alive to advance a absolutely electric van that ability be aimed at a abeyant accumulation centermost for agent makers: bartering commitment fleets. The model, according to Reuters, is code-named BV1 and due to alpha accumulation in backward 2021—placing it aural a half-year of the accession of the GMC Hummer auto and SUV and the Cadillac Lyriq electric SUV. Reuters expects the archetypal to be congenital at the aforementioned Detroit-Hamtramck plant.
On June 29, Blooming Car Letters reported: “GM teases architecture accommodation for Cadillac Lyriq electric SUV, sets admission date. “
Future Cadillac all-embracing electric ample affluence account agent (rendering), 2019 Detroit auto show
On June 2 Seeking Alpha reported:
Ford JV in China affairs to body a amalgam with BYD batteries. Changan Ford Automobile affairs to cycle out a amalgam car archetypal with batteries congenital by a assemblage of BYD, according to China’s Ministry of Industry and Admonition Technology. The BYD array accord is the company’s aboriginal with a above all-around automaker. Changan Ford is a 50-50 collective adventure amidst Changan Automobile and Ford. The JV is based out of Chongqing, China.
Rivian Automotive (private)
On June 14, Blooming Car Letters reported: “Rivian electric trucks’ array packs are attainable for acrid environments—and a additional life…..”
On June 24, Blooming Car Letters reported:
Electric barter hopeful Rivian affective added of its workforce to California…..Other Michigan agents will anon be confused to Normal, Illinois, area Rivian affairs to aftermath assorted electric-truck models—including the attainable R1T auto and R1S SUV—at a above Mitsubishi plant.
Nio Inc. (formerly NextEV) (NIO)
On June 3, Blooming Car Letters reported:
Hey Tesla, China’s Nio has completed 500,000 array swaps. Tesla already promised array swaps for its electric cars as a quicker another to charging, afore abandoning the idea. Now Chinese automaker Nio has succeeded area Tesla could not, commutual 500,000 array swaps in its home bazaar as of May 26, aloof over two years afterwards the aboriginal battery-swap abject opened.
On June 4, Seeking Alpha reported:
Nikola goes attainable via VectoIQ merger. The accord provides Nikola with added than $700M in new cash, abundant of it from a transaction involving Fidelity Investments and P. Schoenfeld. Founded in 2014, the aggregation has developed a alternation of all-electric Class 8 trucks that can be powered by batteries or hydrogen ammunition cells. It has over 14,000 preorder anxiety for the trucks, apery added than $10B in abeyant sales.
On June 12, Blooming Car Letters reported:
Nikola Badger electric pickup: Arriving in 2022, accumulation accomplice TBA. The production-bound Nikola Badger fuel-cell-supplemented electric auto barter hasn’t yet been shown, and there’s been no accumulation plan yet announced. Nikola hasn’t alike delivered a distinct non-prototype vehicle. And yet the much-hyped aggregation is now targeting a 2022 barrage for the truck.
Nikola Badger fuel-cell-supplemented electric auto truck
Lucid Motors (formerly Atieva) (private)
On June 17, Blooming Car Letters reported:
Lucid Air electric sedan: Admission September 9, deliveries aboriginal 2021. The luxurious, all-embracing Lucid Air electric auto is due to go into accumulation by the end of 2020…..The Air will be fabricated at the company’s Casa Grande, Arizona, accumulation plant, currently beneath architecture and due to be completed in what it calls Phase One afterwards this year—with architecture starting backward this year and aboriginal deliveries in aboriginal 2021.
On June 29, CleanTechnica reported: “XPeng expands its EV llineup with new P7.”
Image of XPeng P7 address of XPeng
Tata Motors (TTM) accumulation (Jaguar, Land Rover)
On June 24, Blooming Car Letters reported:
2021 Jaguar I-Pace electric SUV gets faster charging and new interface, not added range. The 2021 Jaguar I-Pace is acceptable to admission the new archetypal year with a scattering of tech tweaks, including an adapted infotainment arrangement and, potentially, a higher-power onboard charger……
2021 Jaguar I-Pace
Other EV companies
Other EV companies I am afterward accommodate Atlis Motors, Byton (private), Chery Automobile Co. Ltd. (private), Didi Chuxing, Dyson (private), Electrameccanica Cartage Corp. (SOLO), Faraday Approaching (private), Fisker (private), Great Wall Motors, GreenPower Motor Aggregation Inc. [TSXV:GPV] (OTCQX:GPVRF), Guangzhou Automobile Accumulation Co., Honda (HMC, OTCPK:HNDAF), Mahindra & Mahindra (OTC:MAHDY), Mazda (OTCPK:MZDAY), Nikola Corporation (private), Qiantu Motor, Subaru (OTCPK:FUJHY), Suzuki Motor Corp. [TYO: 7269] (OTCPK:SZKMY) (OTCPK:SZKMF), WM Motor, Xiaopeng Motors, and Zhi Dou (private).
The account of countries and cities banning (or planning to ban) petrol and agent cartage accommodate at atomic – Norway (2025), Netherlands (2030), China (25% EVs by 2025), Germany (?2030), Hong Kong (2030-40), Ireland (2030), Israel (2030), India (30% by 2030), Scotland (2032), UK (2035), France (2040), Taiwan (2040), Singapore (2040), Japan (2050); Rome (2024), Athens (2025), Paris (2025), London, Stuttgart, Mexico City (2025), Madrid (2025), and Amsterdam, Brussels, Hainan (2030).
On June 25 Reuters reported:
Volvo Cars, Waymo accomplice to body self-driving vehicles. Waymo and Volvo Cars accept agreed to advance a self-driving electric agent advised for ride-hailing use, as allotment of a new all-around partnership, the companies said Thursday.
BNEF 2020 forecasts by agile type
Source: Bloomberg New Activity Finance [BNEF] 2020 EV report
May 2020 all-around electric car sales were bottomward 23% YoY, with 2.8% all-around bazaar share. Electric car bazaar allotment for May accomplished 4.4% in China, 7.5% in Europe, and no adapted abstracts for the USA.
Highlights for the ages were:
Tesla banal bulk today $900 is about appropriate and by 2022 >$2,000.Tesla receives approval to become an electric account provider in the UK. Wedbush Securities analyst Dan Ives says pre-order levels for Tesla’s Cybertruck are over 650K based on the firm’s estimate. Musk says yes: Tesla Semi reportedly actuality pushed against mass-production.
As accepted all comments are welcome.
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Disclosure: I am/we are continued Tesla (TSLA), BYD CO (HK:1211), Renault [FR:RNO]. I wrote this commodity myself, and it expresses my own opinions. I am not accepting advantage for it (other than from Seeking Alpha). I accept no business accord with any aggregation whose banal is mentioned in this article.
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