Worldwide sales of electric cars by June 2020 fell by 22% since June 2019 (third month in 18). June Sales of electric cars in Europe have a new record and a market share of 8.2%.
Electric vehicle market news: The share costs of electric vehicle brands have skyrocketed under Tesla’s leadership. EU Green Plan of EUR 500 billion. Joe Biden’s $2 trillion plan to combat climate change. Both plans come with electric vehicles.
EV News – Tesla Q2’s profits prepare you for the inclusion of the S-P500. Volkswagen will install more than 150,000 public charging problems in Europe until mid-August. Fisker’s pre-registration is merged with SPAQ.
Welcome to the July 2020 edition of the electric vehicle company’s news. July was a month of victories for electric vehicle leader Tesla (NASDAQ: TSLA), which launched its fourth consecutive successful quarter, eligible to enroll in the S-P 500. Tesla rose 535% last year.
Volkswagen climbed two spots in June to the world’s second-largest distributor of electric cars. The other main story is two new directors in the United States for electric vehicles: the merger of Fisker with Spartan Energy Acquisition Corp. as a board in the United States, and the IPO of Li Auto Nasdaq.
Finally, it should be noted that the percentage of the electric car market is expanding rapidly. The June share of 5.5% in China and 8.2% in Europe. Hou the angels the angels the angels!
Worldwide sales of electric cars ended in June 2020 with 230,000 sales in the month (compared to 144600 in May 2020), with a decrease in June 22-2019 (but the third most productive result of the last 18 months), with a market percentage of 3.6% by June 2020 and 2.9% since the beginning of the year. YTD sales have fallen by 16% (conventional car sales have fallen by 28% YTD due to COVID-19).
It should be noted that 68% of all global sales of electric cars in June 2020 were one hundred percent cars with electric batteries (BEVs), the rest are hybrids.
Sales of electric cars in China were 91,000 in June 2020, 6% less than in June 2019, but the most productive month to date in 2020 (due to a high number in the June 2019 race to beat subsidy cuts). The percentage of the electric car market in China at June 5.5% and 4.7% since the beginning of the year. A December 2019 Reuters report read, “China needs new sales of electric vehicles by 2025 to account for 25% of all car sales.”
The Osborne effect: why new car sales will be completely electric in six years. In the long run, it is likely to happen when the “ticket price” of electric cars approaches that of their gasoline and diesel counterparts, through new emission standards, technological advances and visitor preferences.
Electric vehicle sales forecast: expect all new sales to BEV since 2026
Source: The Driven, courtesy of Professor Ray Wills of Future Smart Strategies
On July 14, Bloomberg reported:
Tesla’s euphoria fuels the inventory boom of electric imitators … Companies whose inventories are being developed with Tesla are a cry for Elon Musk’s sales volume.
U.S.-listed electric-vehicle makers are having a banner year
Waiting in the wings
Joe Biden sets out aggressive plan to tackle climate change. Joe Biden unveiled a proposal for rebuilding the economy Tuesday that focuses heavily on restoring American leadership in the fight against global warming, directing government recovery efforts toward expanding clean energy and rapidly reversing the Trump administration’s abandonment of climate efforts…..the former vice president called for a massive green jobs and environmental justice program that would invest $2 trillion in his first term on building new renewable energy infrastructure. The spending would go toward expansion of high-speed rail, building electric cars and greatly increasing the use of wind, solar and other renewable technologies to generate power, among other goals. Under Biden’s plan, the U.S. would fully end the use of oil, coal and other fossil fuels to generate electricity by 2035. He would bring the nation to net zero emissions of greenhouse gases no later than 2050.
On July 21, Bloomberg reported:
EU approves biggest green stimulus in history with $572 billion plan. European governments approved the most ambitious climate change plan to date, agreeing to pour more than 500 billion euros ($572 billion) into everything from electric cars to renewable energy and agriculture.
On July 22, Tampa Bay Times reported:
Florida is advancing with more electric vehicle plans….. Republican Gov. Ron DeSantis announced $8.5 million for new immediate power charging stations along Highways 75, four and 95 earlier this month. The seasons, to be built this summer, will span more than 1,200 miles and increase the number of immediate chargers for the public in Florida by more than 50%.
On July 22, AINonline reported:
Rethinking aviation’s long-term reinforces the case of electric aircraft. In the UK, Prime Minister Boris Johnson has publicly stated that the government supports the sector to make the transition to carbon neutrality a key component of its long-term survival strategy. On 30 June, he promised that the UK would lead efforts to commission a long-distance, zero-emission aircraft until 2050 as a component of a poorly explained allocation called JetZero: according to the latest count, about 250 corporations plan to expand eVTOL aircraft in shapes and sizes. Others are looking to temporarily adopt electric aviation with new fixed-wing models that would offer greater autonomy than the short jumps promised through the eVTOL crowd.
Record sales of electric vehicles in Europe. In fact, this is a record performance, reaching the june add-on percentage at 8.2% (4.4% of all-electric cars /E&V), bringing the 2020 add-on percentage to 7.9% (4.3% for BEV only). The market share of 7.9% more than doubled the 3.6% result in 2019 and is very close to the 10% disruptive bar.
Tesla Inc. (NASDAQ: TSLA)
Tesla recently ranked No. 1 in the world with a 19% percentage of the world’s place of place. Tesla is number 1 in Europe with a 9% market place percentage, and number 2 in China with a 14% percentage market place. Tesla is supposed to remain the leading distributor of electric cars in the United States.
On July 2, Seeking Alpha reported:
Tesla is renewing its plan for Giga Berlin. Tesla’s plans for its German plant now exclude the manufacture of batteries and plastic parts, reports the German newspaper Sueddeutsche Zeitung, which presents public projects.
On July 9, Bloomberg reported:
Musk says Tesla is “very close” to the progression of auto-self-driving cars: the CEO is confident that features will evolve this year.
On July 15, Business Insider reported:
Tesla will continue its monster run and jump another 55% to $2,322, Wall Street firm says. (Piper Sandler) Sandler increased its price target on Tesla from $US939 to a street-high $US2,322, implying potential upside of 55% from Monday’s close. The firm more than doubled its previous price target from $US939 to a Wall Street-high $US2,322….Tesla could deliver nearly 4 million cars in 2025, capturing almost 10% of market share in the US, Piper Sandler said.
On July 22, Seeking Alpha reported:
Tesla: 6% after the quarter benefit prepares you for the inclusion of SP 500. Back in the second quarter, the automotive margin reached 25.4% of sales, only a slight first-quarter mark low of 25.5% and above the last year 18.9% mark. Automaker EV said it recorded a loose money flow of $418 million in the quarter. Tesla says it still aims to deliver 500,000 cars by 2020 and expects Tesla Semi deliveries to begin in 2021 … The production of our existing services continues to improve to meet demand, and we are adding more capacity. Later this year, we will build 3 plants on 3 continents simultaneously.
Tesla will build its next Gigafactory near Austin, Texas. It will be used to build the company’s Cybertruck, its Semi and Model 3 and Model Y for the eastern part of North America.
On July 22, the South China Morning Post reported: “Tesla is reducing chinese consumers’ deposits to $143.”
On July 23, Renew Economy reported:
Musk says Tesla batteries and solar activities can be more expensive than electric vehicles. Founder and CEO Elon Musk, however, claims that those investors are neglecting a key detail of their business, solar strength and battery garage, which he believes can double the company’s price. Or is both the price, consistent with se, as well as the automotive and electric mobility division.
On July 28, Green Car Reports reported:
Tesla is suing Rivian for alleged theft of industry secrets similar to sales and the collection network.
On July 29, Reuters reported:
Musk, from Tesla, says it’s open to offering batteries to other automakers… CEO Elon Musk said Tuesday that the company is open to software licensing and the propulsion and battery system.
On July 30, Renew Economy reported:
Tesla targets a billion-dollar rating while Big Auto stops at electric vehicles. The inventory market is achieving a primary revaluation of the possible price of electric car manufacturer and electric garage developer Tesla, as analysts realize that the company can no longer be noticed as a flash. Tesla, admit now, will be a very, very big company.
Investors can read my June 2019 blog post, “Tesla: A Look at the Positives and Negatives,” in which I ranked inventory as a purchase. It is quoted at $196.80.
Volkswagen Group [Xetra: VOW] (OTCPK: VWAGY) (OTCPK: VLKAF) / Audi (OTCPK: AUDVF) / Lamborghini / Porsche (OTCPK: POAHF) / Skoda
The Volkswagen plant produces the latest combustion engine car, switching to electric vehicles. A Volkswagen-owned factory in Germany’s “City of Autos,” Zwickau, has produced its new combustion engine vehicle, ending a 116-year bankruptcy in fossil fuel cars and moving to the production of electric vehicles.
On July 8, Green Car Reports reported: “Report: The Audi A9 EV scheduled for 2024 can be a flagship high-performance product.”
On July 21, The Star reported:
The VW ID.4 electric crossover is expected to be delivered until the end of 2020, with production in the U.S. In 2022. Despite the ongoing coronavirus pandemic, the Volkswagen ID.4 electric crossover is expected to begin delivery later this year. An expansion of the VW plant in Chattanooga, Tennessee, is also planned, which will allow the construction of ID.4 later, by 2022.
BMW has recently been ranked third in the world with a 6% market share. BMW is number 2 in Europe with a 9% market share.
On July 3, Medium.com reported: “BMW has partnered with State Grid EV Service, an associate of EW (the world’s utility company) to expand cargo infrastructure.”
On July 16, Green Car Reports reported:
DETAILs of the BMW iX3 electric crossover: The United States lacks the first next generation electric vehicle. He arrived first of BMW’s next-generation electric cars, but he doesn’t make it to the United States. The BMW iX3 2021 electric crossover originally planned for the U.S., but BMW no longer plans to offer it here. The iX3 will be presented in China, where it will also be built later this year.
Northvolt of Sweden will earn $2.3 billion in electric car batteries for BMW. While accelerating the production of electric cars, BMW has signed a battery deal with the Swedish Northvolt. BMW plans to buy 2 billion euros ($2.3 billion) of batteries in Northvolt from 2024 …..
BYD Co. (OTCPK: BYDDY) (OTCPK: OTCPK: BYDDF) HK: 1211
BYD is currently ranked the number 4 globally with 6% global market share, and is ranked number 1 in China with 16% market share.
On July 1, BYD reported:
BYD presents the Tang EV in the Norwegian passenger car market … BYD also reaffirms its commitment to a broader European expansion programme by providing purely electric truck and truck models in safe advertising vehicle markets.
BYD Tang EV compact SUV in Norway
The source
On July 2, BYD reported:
The first BYD eBus for Vy Buss went on the road in Norway. Array… This first installment, starting a primary fleet renewal program that adds 55 eBus BYDArray …
On July 3, BYD reported:
BYD accelerates eBus deliveries when Unibuss 23 is released. BYD, Europe’s leading eBus manufacturer, has reaffirmed its commitment to public transport consumers after the delivery of 23 new 12-metre BYD EBus to Unibuss, one of Norway’s leading public transport providers.
12-meter EBus BYD in Oslo (Image source: Unibuss)
29 BYD ADL Enviro400EV electric double deckers are first step towards zero-emission National Express fleet. Alexander Dennis Limited (ADL) and BYD Europe jointly announced today that their electric vehicle partnership, the UK’s leading electric bus producer, has supplied the first of 29 BYD ADL Enviro400EV double deckers to National Express West Midlands, where they are charged entirely by renewable energy and utilise a stationery battery system to balance the load on the electricity grid.
National Express West Midlands BYD ADL Enviro400EV double decker
Source
On July 14, BYD reported:
BYD’s flagship Han EV series officially goes on sale. New EV series is BYD’s flagship offering for the global luxury sedan segment… The Han EV will be sold in China at first…
The Han series sets new standards for EVs worldwide with its safety, performance, and luxury
Source
Beijing Automotive Group Co. (BAIC) [HK:1958) (OTC:BCCMY), SAIC Motor Corporation Limited [SAIC] [CH:600104] (SAIC includes Roewe, MG, Baojun, Maxus)
SAIC is the world’s number five with a 5% market percentage and number 3 in China with a 10% market percentage.
BAIC recently ranked 17th in the world with a market share of 2%.
On July 9, SAIC announced: “SAIC Motor promotes the integration of automobiles and AIArray. SAIC Motor has sold more than 1.7 million cars connected to the Internet.”
On July 28, Just Auto reported: State Grid, BAIC, joined forces in the electric vehicle charging network. “
Nissan relies on the new Ariya electric SUV to symbolize its redesign, however, sales plans are modest … With Nissan’s new autonomous driving technologies, the Ariya has a diversity comparable to Tesla models and will sell from about five million yen ($47,000). Nissan estimates that the Ariya’s long-diversity edition will be able to travel up to 610 kilometres on a single load. That’s longer than the five-kilometre Y-model.
Nissan Ariya BEV – Selling in Japan from mid 2021
Source
Geely Automobile Holdings Ltd (OTCPK:GELYY, HK:0175) (includes Polestar), Volvo Cars (OTCPK:VOLVY), Kandi Technologies Group (NASDAQ:KNDI), Proton, Lotus
Volvo recently ranked seventh in the sales ranking of electric car brands with a market share of 4%.
On July 29, Businesswire reported:
Kandi introduces america’s top electric vehicles, announcing a virtual occasion on August 18 to launch pre-sales. The automaker presents “Kandi. Auto EVolution for everyone. Crusade and EV gift.
Kandi Self-evolving for all
Source
Hyundai (OTC: HYMTF), Kia (OTC: KIMTF)
Hyundai is currently ranked number 9 in the global electric car manufacturer’s sales ranking with 4% global market share.
Hyundai launches its first electric minibus. The 7,710 mm long County Electric is supplied with a high-efficiency, high-power 128 kWh lithium-ion polymer battery that offers a 250 km diversity on a full charge.
On July 17, The Driven reported, “Hyundai reaches the 100,000 mark of Kona Electric’s sales.”
On July 29, Green Car Reports reported, “Report: Hyundai can give more flavor to electric vehicle production after Tesla Model 3 sold Kona Electric in Korea.”
Group PSA – Peugeot SA [FR:UG][PA:PEUP](OTCPK:PEUGF) (OTCPK:PEUGY)/Citroen, Fiat Chrysler (NYSE:FCAU)
On July 6, Green Car Reports reported:
Stylish Citroën ë-C4 electric car detailed, positioned for Europe. Citroën is launching an all-electric version of its C4 compact hatchback as part of a redesign of the model…..The electric Citroën ë-C4 swaps the internal-combustion engines for an electric motor, which drives the front wheels, and a 50-kwh battery pack.
Citroën ë-C4
The source
Daimler-Mercedes (OTCPK: DDAIF, OTCPK: DDAIY) (Smart – 50% JV between Daimler and Geely)
On July 21, The Driven reported:
Daimler says the new EQS luxury electric vehicle will have a diversity of more than 700 km. The high-end Mercedes-Benz EQS, fostered through yachts, is perhaps not only one of the most sumptuous electric cars on the market, but also one of the longest journeys. The EQS will be the flagship electric vehicle of the German luxury car manufacturer and will be enrolled in the EQC luxury electric SUV as a component of its EQ series which was first introduced in Australia in 2018.
Mercedes-Benz VISION EQS
Toyota’s semiconductor battery generation is scheduled for production in 2025, an executive said. Toyota continues to be on track for semiconductor battery production for electric cars in 2025
Concepts preview battery-electric cars being developed at Toyota
Source
General Motors / Chevrolet (NYSE: GM)
On July 13, Green Car Reports reported:
2022 GMC Hummer EV SUT and SUV: Everything we know in advance of full reveal. In fall 2021, GM will bring back Hummer—a brand once maligned by environmentalists—with a set of zero-tailpipe-emissions electric vehicles aimed at weekend adventurers.
On 16 July, the GM Authority reported:
Chevrolet EV future plans, top points revealed. The revelations come from GM’s 2019 Sustainability Report, which was published Thursday. The report examines several facets of GM electric vehicle boost, adding an imminent entry of long-term Chevrolet EV products. Among these, a new intermediate SUV, which rolls on the new BEV3Array platform..
On July 17, The Driven reported:
General Motors aims for 5 million electric vehicle sales by 2030. US automotive giant General Motors is expecting global electric vehicle sales of 1 million by the middle of this decade, but new research suggests that while the company will only meet half of that target by 2026, it will see EV sales skyrocket to 5 million by 2030.
On July 19, CleanTechnica reported: “GM says 12 new electric cars will come, adding a full-size pickup truck with a 400-mile pickup truck.”
On July 29, Techcrunch reported:
GM initiates the structure at the cornerstone of its EV strategy. The steel structure has begun at the approximately 3 million square feet plant that will mass produce mobile phones and Ultium batteries, the cornerstone of General Motors’ strategy to market 20 electric cars through 2023. Ultium Cells LLC mobile battery production facility in Lordstown, Ohio is a component of a gm-LG Chem joint venture that was announced in December. At that time, the two corporations pledged to invest up to $2.3 billion in the new joint venture, as well as to identify a battery-powered mobile meeting facility at a new production facility in the Lordstown domain in northeast Ohio that will create more than 1,100 new jobs. The plant will be able to produce 30 gigawatt hours of capacity according to the year.
Jaguar Land Rover mobile fuel allowance to counteract the “decreasing yields” of SUVs.
Teaser by the Angels Jaguar XJ
The source
Honda (HMC, OTCPK: HNDAF)
On July 11, Clean Technica reported:
Is Honda waking up? Honda has formed a “comprehensive strategic alliance” with CATL, one of the world’s 3 largest manufacturers of EV batteries. This is not just a battery contract, but a deep and broad partnership.
Nio Inc. (formerly NextEV) (NIO)
On July 19, Nikkei Asian Review announced:
For electric-vehicle maker Nio, government tie-up has its benefits. Chinese electric-car maker Nio Inc. said it had secured credit lines worth 10.4 billion yuan ($1.48 billion) from six domestic banks, just months after inking a cooperation deal with a city government, as the company hunts for funding amid concerns of tightening liquidity.
Nikola Corporation (NKLA)
On June 29, Business Insider announced: “Nikola has gone up 7% as the company opens $5,000 in bookings for his truck.” Highlights include:
Lucid Air has claimed to be the luxury car with maximum effective aerodynamics … Lucid Motors says its next electric car will be the world’s top aerodynamic luxury car when it goes into production later this year. The Air has reached a drag coefficient of 0.21 in recent wind tunnel tests, which is greater than 0.23 of the Tesla Model S. However, this has not yet been demonstrated for the production edition of the Air, as Lucid is recently running with “beta” prototypes.
Lucid Air Wind Tunnel Testing
Source
On July 8, Green Car Reports reported:
Ev. The manufacturer Lucid will have a national service network, 20 retail stores open until the end of 2021.
Rivian Automotive (private)
On July 13, Green Car Reports reported:
After moving to electric trucks, Rivian has raised $5.3 billion since the birth of 2019. Electric vehicle company Rivian has not yet delivered a single vehicle, but the company has raised about $5.3 billion since early 2019. Rivian said Friday that he had just closed $2.5 billion investment cycle, the first in 2020. Funding was conducted through the budget and accounts requested through T. Rowe Price Associates, Inc., Rivian said in a press release. The new finance circular follows a series of investments in 2019, born with a $700 million financing circular directed through Amazon in February this year. Rivian then signed an agreement to build 100,000 power-delivery trucks for Amazon.
Rivian R1S
Rivian electric trucks: R1T and R1S delayed in the summer of 2021. This is a delay of approximately six months from its original due date. The announcement and timeline are not surprising; In an April update, Rivian announced that the truck launch schedule would be adjusted due to the pandemic and its effects on plant preparation. Money is not the problem …
Fisker (private) / Spartan Energy Acquisition Corp. (SPAQ) (fusion)
On July 11, Bloomberg reported:
The corporate blank check subsidized through Apollo (SPAQ) has gone up 71% in a imaginable Fisker deal. Spartan Energy has become a kind of overnight sensation after Reuters announced that it was waging a bidding war for car manufacturer Fisker Inc. Spartan’s inventory has now gained up to 71% in two trading sessions, pushing its market price above $1 billion for the first time and reflecting Nikola Corp’s meteoric rise.
Xpeng Engines
On July 20, Seeking Alpha reported:
Xpeng Motors raises more cash to push EV. Chinese electric vehicle manufacturer Xpeng Motors said it raised about $500 million in its new funding round. Investors in the C funding cycle come with Aspex, Coatue, Hillhouse and Sequoia Capital China. Alibaba (NYSE: BABA) is one of the first investors. Xpeng Motors has reached several milestones this year, adding the launch of its current Smart EV style and the license of its utterly owned plant in Zhaoqing, Guangdong Province.
The XPeng G3 BEV SUV with a diversity of 520 km NEDC
The source
Li-Auto (LI)
On July 31, The Verge reported:
Chinese EV startup Li Auto goes public in the US, raises $1.1 billion. It’s the second Chinese EV startup to become a publicly traded company in the United States, following Nio’s 2018 IPO and subsequent listing on the New York Stock Exchange. Another, XPeng, will reportedly be next.
Tesla hailed as autonomous rides leader in threat to Uber and Lyft. Ark Research sees Tesla (NASDAQ:TSLA) as a ride-hailing threat to Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) with its competitive cost structure and potential to create a recurring revenue business model with software-like margins. ARK estimates that Tesla’s ride-hailing service could deliver roughly 50% EBITDA margins, a premium to Uber’s in cities it dominates and, that at global scale and an average of $1 per mile, its addressable market would be roughly $50 billion.
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