EVs

Updates

December 27, 2022: update.

October 19, 2022: BMW -

• $1.7 billion; EVs at their South Carolina plant;

February 2, 2022, GM guidance:

• will spend $35 billion on EVs and autonomous vehicles;
• will build third EV truck factory;
• will build fourth battery factory.

January 24, 2022, link here:

• market cap: Lucid now has a market cap greater than Rivian;
• why Lucid, Rivian, and Tesla all crashed today;

December 12, 2021: top five EV manufacturers, Investor's Business Daily:

• Top five for investors:
• Tesla
• GM
• F
• BYD
• Xpeng
• Big names with neither strong track records of earnings growth nor market outperformance:
• Fisker (FSR)
• Canoo (GOEV)
• Faraday Future (FFIE)
• Lordstown (RIDE),
• Xos (XOS
• Bringing in revenue, America:
• Lucid (LCID)
• Rivian (RIVN)
• Unprofitable but bringing in revenue, Chinese:
• Nio (NIO)
• Xpen (XPEV)
• Li Auto (Li)
• Supercar:
• first all-electric supercar, 2025: Ferrari (RACE)
• Charging stations:
• ChargePoint (CHPT)
• EVgo (EVGO)
• Blink Charging (BLNK)
• Wallbox (WBX)
• Powertrains for big-rig:
• Hyliion (HYLN) -- as well as hydrogen
• Battery packs for commercial EV fleets:
• Romeo Power (RMO)
• Major breakthrough in solid-state lithium metal batteries:
• QuantumScape (QS)
• Battery enclosures for GM's Hummer, due in late 2021;
• Magna (MGA): also makes e-drive gearboxes for Nio and Xpeng; will also make the Fisker Ocean SUV, due out late 2022

March 12, 2021:

• TSLA down slightly; trading at $700;
• RIDE (Lordstown) plunged 16% today;

Commentaries, Editorials

• Reality sucks, January 24, 2021.
  
• January 2, 2021.

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By Company

BMW:

• South Carolina, $1.7 billion, EVs.

Tesla:

• BofA just set a new price target for TSLA -- a "street" high of $900/share. Link here. Announced / posted January 11, 2021.
  

Ford:

• first Mustang Mach-E delivered to Dallas, TX; link here; see this at Schwa Nation; a Mustang in name only -- Dan Neil, The WSJ, January 1, 2021; update here;

Chrysler: 

• FiatChrysler and PSA (French: Peugeot, Citroen, etc) to merge, link here; 
• purpose: jump start EVs

Apple:

• likely to sign partner agreement with Hyundai, March, 2021, to begin production, 2024;
  
• Magna Steyr, January 6, 2021.

Lucid: 

• looks to go public, January 11, 2021.
  

Tata, Indian-based:

• 53% of its retail sales for 4Q20 were EVs; lifting CY20 EVs to 43% of total sales;

Charging stations:

• McKinsey: how to spend $2 trillion on infrastructure. 

California

• executive order seeking to ban sales of new ICE cars from 2035; $1.5 billion incentive package to spur EV development; January 7, 2021;

Lithium shortage 

• long-lasting bull market in commodities, GS; January 19, 2021
  

EV infrastructure:

• January 29, 2021: a reader asked about investing opportunities in US EV infrastructure. Easy-peasy:
• each charging staging needs computer chips and sensors: #1 in such stuff -- TSMC and AAPL.
• does electricity still move from charging station to vehicle in a rubber-covered tube of copper? Or does electricity move by some other method? Here's the answer: Aluminum has cost and weight advantages over copper and is the preferred material for electricity transmission and distribution uses today. Due to aluminum's superior conductivity-to-weight ratio compared with copper, the metal is now used for wiring in residences, buildings, aircraft and appliances
• China may build the components, but it's going to be local contractors putting in the charging stations.
• Here are the top 20 companies that make charging stations: https://roboticsandautomationnews.com/2019/05/01/top-20-electric-vehicle-charging-station-companies/22138/