HMC - EV Company News For The Month Of May 2022

• Global electric car sales April 2022 - Up 38% YoY, reaching 10.2% share. China sales up 61% YoY to 29% share. Europe sales were down 1% YoY to 19% share.
• EV market news - Q1 2022 EV sales limited by supply. IEA: Global EV sales strong in 2022. Global tipping point, 52% of car buyers want to purchase an EV.
• EV company news - Tesla Cybertruck sold out until 2027. BYD sales surge. Volkswagen sold out (Europe, USA) of electric cars in 2022. Mercedes electric cars are sold out in 2022.
• Hyundai to invest $5.5 billion to build EVs and batteries in the USA. GAC Group to switch 100% to NEVs by 2025. Lucid Motors' new EV factory plan for Saudi Arabia.
• Lucid Motors plans Europe launch, announces new EV factory plans for Saudi Arabia, reports 30,000 Air reservations. Fisker announces its third product, Project Ronin (high-tech electric GT Sports Car), reports over 45,000 Ocean reservations.

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