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Summary Global electric car sales July 2022 - Up 61% YoY to 14% share. China sales up 112% YoY to 28% share. Europe down 5% YoY to 19% share. US 5% share. EV market news - USA passes the Inflation Reduction Act. China extends NEV purchase tax exemption worth 100 billion yuan to th...
Summary China’s largest private auto group may acquire TuSimple’s Asia-Pacific business, allowing it to cut its China ties and alleviate U.S. national security concerns. The company’s commercialization timeline has been thrown into doubt following an April acc...
Summary The Polestar stock has been an underperformer across the broader EV peer group in recent weeks, despite consistent delivery of fundamental outperformance amid unprecedented auto production challenges. A key driver could potentially be the underlying business' significant e...
China holds dominance along a majority of the EV supply chain, from graphite mining to materials processing to battery production. With the chip shortage projected to last at least through 2023 by a range of OEMs, any impacts to Taiwan's chip supply and related logistics could spell t...
Elon Musk recently repeated his claims that Tesla could be making 20 million cars per year by 2030. That would give Tesla 75% of the entire world EV market! To achieve that requires several more huge factories to be built that are not yet past the initial planning stages nor even a de...
China's auto industry faces numerous short-run and long-run headwinds; NEVs will not be exempt. it is foolish to project recent growth beyond the next year. As the market matures, the action is shifting from micro- and midsized-vehicles (A00 and B segments) to A segment compact sedans...
Global electric car sales for June 2022 - Up 54% YoY reaching 16% share. China sales up 132% YoY to 28% share. Europe sales down 8% YoY to 21% share. EV market news - US crosses the electric-car tipping point for mass adoption. Reconciliation Bill has $369 billion to fight climate cha...
An autonomous electric driving startup backed by Chinese Internet search leader Baidu ( NASDAQ: BIDU ) is reportedly seeking new funding that could give it a valuation of $3.5B. According to a report from Bloomberg , Jidu Auto, which is a joint venture between Baidu ( ...
The following provides a roundup of 2Q22 delivery and production volumes observed across EV OEMs within our coverage (TSLA; RIVN; LCID; PSNY; NIO; XPEV). Most EV OEMs have outperformed volume expectations in the second quarter despite recent China lockdowns that have exacerbated suppl...
Global electric car sales for May 2022 - Up 55% YoY, reaching 12% share. China sales up 109% YoY to 31% share. Europe sales up 3% YoY to 19% share. EV market news - EU nations approve end to combustion engine sales by 2035. BYD says shift to EVs moving “much faster” than...