EVs -- POVs -- Cars, Pick-Up Trucks; Fleets -- Minivans, Vans -- Scorecard

Locator: 33021EVs.

October 29, 2023: see this post. No more blogging about EVs. There will be exceptions.

August 8, 2023: as of today, I am no longer following EVs. I may update or blog about EVs occasionally, but this chapter in my blogging life is pretty much over. Tesla should be rolling out its Cyber Truck this month after years of anticipation.

Unmitigated disaster: tag. 

Scorecard 

2024: world's ten largest EV manufacturers. To get on the list, need at least one-half million

• #1: China, BYD, 3 million
• #2: US, Tesla, 1.8 million
• #3. Germany, VW Group, 0.8 million
• #4. US, GM, 0.5 million
• #9. China, GAC/Polestar, 0.5 million
  
• NO LONGER LISTED among the top ten: FORD
• Rivian: 60,000 (one-tenth of what is need to get on top ten list)

Major Updates

2024: link here.

Major Developments

October 18, 2024: Barra says GM will make a profit on EVs this year (2024) and will phase out ICE vehicles by 2035.

March 18, 2024: Fisker to stop production; will seek cash infusion.

March 18, 2024: Rivian can use Tesla chargers. 

March 11, 2024: Endurance EV in bankruptcy; process began in early 2023.

February 29, 2024: EV wrap. Arrival in bankruptcy; Fisker may soon be in bankruptcy.

February 27, 2024: Apple scraps plans for iCar (EV, autonomous driving): Ford, GM have already scaled back plans; Ford announced it is suspending deliveries of its F-150 Lightning.

January 5, 2024: Ford loses EV bragging rights to GM: link here. Best summary to date.

December 21, 2023: Mullen is up 75% today.

• This was another company a lot of folks like when it bought a bankrupt EV company. Here where we are today.
• Mullen has just announced a 100-1 reverse split.

December 14, 2023: GM Cruise to cut 24% of employees; dismisses nine key leaders after safety review.

December 11, 2023: Ford to cut planned production of F-150 Lightnings in half for 2024.

December 11, 2023: Vietnam's VinFast, to build in North Carolina.

December 10, 2023: deep dive -- F-150 Lightning.

December 7, 2023: EVs: there, they said it, the fad is over. The big story: how will F, GM, Stellantis manage?

• Luxury cars. Period. Dot. Link here.
  
• Nikola: the company is raising more money. The stock is plunging. Barron's.
  
• Tesla: smaller Model 2 could be coming out in full production next summer; Austin, TX, first; then, a new Mexico plant (not "New" Mexico, but "new" Mexico); link here.

November 16, 2023: Renault IPO: the EV Ampere. 

October 26, 2023: following the UAW strike, all three major, legacy, non-EV US auto manufactures will delay production of their EV programs. One has said so explicitly; the others will fall in line.

October 20, 2023: Mullen update. Hope springs eternal.

August 5, 2023: ELMS, Mullen, Canoo update. Trucks.

August 4, 2023: Fisker update, Nikola update, 2Q23.

July 31, 2023: reality sucks for Ford. 

July 26, 2023: showing some life; a turnaround?

July 12, 2023: Lucid falls short.

July 5, 2023: Amazon-Rivian vans rolling out in Europe.

July 5, 2023: EV truck maker Nikola pulls plug on battery supplier Romeo.

July 2, 2023: Tesla deliveries reported.

June 23, 2023: link here. EV manufacturers voting with their batteries; partnering with Tesla; saying no to US government preference.

May 2, 2023: Daimler unveils freightliner eM2, medium-duty truck. Battery: Detroit ePowertrain (?).

Tracking

EVs: in round numbers --

• 2022:
• F: sold 61,575 EVs in 2022: became second-largest EV manufacturer in the US, behind Tesla
• F-150 Lightning price:
• $40K to $92K
  
• GM:
• sold fewer than 25,000 EVs in 2022
• 2023:
• Lucid, expectation: 2,000 EVS, 2Q23. Actual: 1,404 (two less than 1Q23).
  
• Tesla: 1.1 million EVs
• F: 500,000 EVs -- original estimate
  
• run rate
• F-150 Lightning: 150,000 annual run rate
• on track to triple production y/y
• sold 3,600 through February, 2023
• list price: $52K to $97K
  
• Mustang Mach-E: 210,000 annual run rate
  
• GM:
• to deliver 400,000 EVs by end of 2023, link here; 
• in fact, they barely delivered 75,000 EVs for the full year -- see below.
  
• will build a third factory to build thee Silverado EV
• currently: Factory Zero and the Orion assembly plant
  
• 2024:
• GM: lowered their forecast; now plans to deliver between 200,000 and 250,000 in CY24.
  
• 2025:
  
• 2026:
• Tesla:
• F: 2 million
• to begin T3 pickup production; full capacity: 600,000 units / yearly
  
• GM:
• Toyota: to have ten models 

So, how many EVs did GM sell in 2023? Holy mackerel! Are you kidding me?

EV Manufacturers

Rivian: tracked here.

Updates

December 11, 2023: VinFast. Link here.

October 20, 2023: Mullen. Link here.

October 20, 2023: BMW. Link here.

June 29, 2023: Polestar adopts Tesla's supercharging system.

June 28, 2023: Volvo adopts Tesla's supercharging system.

June 27, 2023: Tesla -- seems to have become the "universal supercharger."

June 27, 2023: Lordstown declares bankruptcy.

June 26, 2023: huge WSJ article updating how bad this sector is.

June 12, 2023: NIO cuts expansion plans.

June 4, 2023: Ford-Tesla partner on charging stations across the US.

June 1, 2023: Ford CEO says EVs won't reach parity with ICEs until 2030.

May 11, 2023: Endurance, a TKO; Polestar on the ropes. 

May 9, 2023: Nikola exits joint venture in Europe.

May 2, 2023: BYD overtakes VW as #1 car in China.

April 17, 2023: GM ditches CarPlay. Google the story for updates.

April 17, 2023: pricing -- Lucid, Porsche, Renault. 

April 8, 2023: Ford raises prices on F-150 Lightning by 50%; three raises in three months; Tesla cuts prices five time in five months.

April 8, 2023: Toyota throws in the towel. 

March 30, 2023: FF 91 Future debuts after months-long delay.

March 29, 2023: Polestar -- six links.

March 24, 2023: Ford announces T3 pickup; battery partner SK On.

March 8, 2023: EV update. Next twelve months critical for EV manufacturers.

February 24, 2023: Sono Motors calls it quits.

February 15, 2023: panelists on "Fast Money" are really, really negative on Ford. Tesla, #1, followed by GM. Ford shares have gone nowhere for 25 years -- the golden age of automobiles. Speaking of which, Ford extended that EV production shutdown due to battery fires.

January 5, 2023: link here -- Stellantis introduces a pickup EV prototype. Posted January 5, 2023.

January 5, 2023: link here -- PS5 on wheels. Honda, Sony partner: Afeela.

December 27, 2022: link here -- market / shares. 

December 17, 2022: link here.

• TuSimple, self-driving truck company, to lay off half its workforce;
• Tesla plans to announce Mexico EV plant as soon as next week;

December 12, 2022: Rivian steps back from partnership with Mercedes-Benz.

December 7, 2022: worst-kept secret.

December 4, 2022: SUV of the year. An EV.

August 29, 2022: Honda, LG Energy to build first US EV battery factory somewhere in Ohio.

August 24, 2022: the UK-based Arrival. 

August 15, 2022: this is an investor's bill -- the Biden Bill -- EVs, 2022 Biden Bill;

August 11, 2022: Rivian: a "zombie" company. Link here.

July 22, 2022: Amazon begins rollout of thousands of Rivian EVs. Also Stellantis Ram. 

July 17, 2022: the giant car companies that want to dominate EV sales.

July 14, 2022: Kia! Hyundi and Kia rising to the top.

July 8, 2022: Argo AI lays off 5% of its workforce.

July 7, 2022: update Rivian and Genesis (Hyundai) EV 70. 

July 4, 2022: Lordstown -- Foxconn -- Endurance pickup.

June 24, 2022: Polestar begins trading today. SPAC / Volvo. 

June 17, 2022: new EV partnership added today -- Sony Honda Mobility.

June 8, 2022: Phoenix Motor drops 39% on first day of trading.

June 7, 2022: add the Polestar SUV to the list of EVs. 

May 30, 2022: GMC's EV Hummer, starting at $108,700. Folks aren't buying it to save money on gasoline. 

May 28, 2022: delivered -- first F-150 Lightning; it was a Platinum edition; $100K after all priced in. 

May 22, 2022: announced -- Hyundai, Georgia, USA. 

May 7, 2022: announced -- Saudi Arabia makes $6 billion investment in Lucid. Will also invest $32 billion in mining the desert for rare earth metals. 

April 30, 2022: both F (Ford) and AMZN (Amazon) took huge paper losses on Rivian in their 1Q22 earnings. Ford shares, 1Q22, dropped from $25 to $14. How bad was it?

April 13, 2022: Louisville, KY

• battery manufacturer, Envision AESC
• Warren County, $2 billion
• electricity for plant, all renewable, provided by TVA

April 4, 2022: Germany automobile manufacturing work stoppage due to Putin's War.

March 28, 2022; Nvidia -- huge in autonomous driving.

March 3, 2022: GM sells its stake in Lordstown. 

March 3, 2022: Hyundai, Foxconn, and Luxshare Precision preparing to team up with Apple's iCar.

March 2, 2022: with invasion of Ukraine by Russia, both Rivian and Lucid shares are tanking.

September, 2021: Ford, EV battery manufacturing plant, Hardin County, $6 billion.

**************************
Scorecards 

Scorecard, January 5, 2021.
Scorecard, November 22, 2021.
Apple, Foxconn, November 19, 2021.
Scorecard, November 18, 2021.

******************************
Commentaries

January 5, 2022.
January 4, 2022: dam will break, summer of 2022 -- flood of new cars start hitting the market.

 ************************************
Scorecards

Scorecard addition, October 20, 2023: BMW. Link here.

Scorecard addition, August 22, 2023: Vinfast, VFS, Vietnam. Link here.

Scorecard addition, August 5, 2023: Canoo (GOEV). Should have been added a long time ago. See update here.

Scorecard addition, March 24, 2023: Ford T3 pickup to begin production, 2026; battery partner SK On.

Scorecard addition, June 17, 2022: new EV partnership added today -- Sony Honda Mobility.

Scorecard addition, May 28, 2020: Electric Last Mile Solutions, Inc. ELMS.

Scorecard addition, April 30, 2022: Atlis.

Scorecard addition, April 4, 2022: Volvo Polestar 2. 

Scorecard additions, January 5, 2021, link here -- Amazon partners with Stellantis; separate story, new battery manufacturer, Our Next Energy (ONE).

• Ford -- SK On battery -- Blue Oval City, Tennessee -- posted March 24, 2023;
  
• Hyundai -- Georgia, USA -- posted May 22, 2022
• ARVL: posted January 5, 2023, but story broke in 2022; moving from UK to UUS
  
• VinFast -- Nvidia -- posted March 30, 2022
  
• Rivian -- Amazon -- Ford out -- GlobalFoundries 
• Atlis -- Mesa, AZ -- Schwab (body, Michigan-based) -- XP Platform; in-house battery
  
• Stellantis -- Amazon -- see what happened to Rivian when this was announced, January 5, 2022;
• Pickup EV prototype: introduced; no details.
  
• Sony-Honda announce Afeela -- January 5, 2023: link here -- PS5 on wheels.
• Sony -- SUV announced -- link here.
• June 17, 2022: link here. Sony-Honda partnership: Mobility, Inc.
  
• Lordstown -- Apple -- GM (sells entire stake) -- silicon M1 chip (GM currently depends on seven chip manufacturers)
• Lordstown -- Foxconn -- Endurance pickup -- added July 4, 2022
  
• Tesla -- chips (?)
• Lucid - chips (?) -- Saudi Arabia ($6 billion stake) -- Casa Grande, AZ 
• Volkswagen, the ID4: five plants worldwide; ID4 will start rolling out from VW's Nashville, TN, plant. 
• GM --
• F -- Lightning-F-150 --
  
• Electric Last Mile Solution, Inc. (ELMS)
  
• EV battery plant, Hardin County, KY -- announced September, 2022
  
• Volkswagen: Ford and VW continue partnership.
• Polestar: Volvo / SPAC. 
  
• Envision AESC, EV battery manufacturer for multiple car companies, Hardin County, KY;  announced April 13, 2022;'
• Phoenix Motor: added June 8, 2022.
• Arrival: UK-based, added August 24, 2022.
• Faraday FF 91 Futurist, see above, updates. Luxury car. Added March 30, 2023.
• Renault. Added April 17, 2023. Link here.
  

Scorecard changed, November 22, 2021.

EV scorecard just a few days ago, link here:

• Rivian -- Amazon -- Ford -- GlobalFoundries
  
• Lordstown -- Apple -- GM -- silicon M1 chip (GM currently depends on seven chip manufacturers)
  
• Tesla -- chips (?)

Landscape changed:

• Rivian -- Amazon -- Ford out -- GlobalFoundries
  
• Lordstown -- Apple -- GM -- silicon M1 chip (GM currently depends on seven chip manufacturers)
  
• Tesla -- chips (?)
• Lucid - chips (?) -- Casa Grande, AZ

The scorecard, November 18, 2021:

• Rivian -- Amazon -- Ford -- GlobalFoundries
  
• Lordstown -- Apple -- GM -- silicon M1 chip (GM currently depends on seven chip manufacturers)
  
• Tesla -- chips (?)

Apple -- Foxconn, November 19, 2021.

• How will AAPL do it? Foxconn. On November 10, 2021, Foxconn and Lordstown Motors entered into a strategic partnership. Link to press release here. Wasn't "November 10, 2021" just one week ago?
  

• Lordstown, Ohio: factory already there, and it's not in California
• Lordstown Motors Corp: a provider of electric light-duty trucks focused on the commercial fleet market
• Hon Hai Technology Group (Foxconn): one of the largest electronics manufacturers in the world
• press release explains how this is all going to be done
• Lordstown Motors: wiki. Workforce? Locked and loaded to get this done.

• Worst-kept secret, December 7, 2022.
• Timeline -- posted December 7, 2022
  
• 2019 - 2021: preliminary talks
• 2021 - 2023: design, Apple, in-house
• 2023 - 2024: serious talks with manufacturers
• December, 2024: manufacturer and site announced
• 2025: re-tooling existing site
• 2026: proto-type unveiled
• December, 2026: folks can start ordering for delivery in early 2027