Saturday, December 10, 2022

EV Watch -- December 10, 2022

Investors.

EVs: not for me

This past week.

November sales. Link here.

Lucid.

  • LCID: down 14% in past five days.
  • customers canceling orders; Lucid aggressively fighting cancellations; 
  • Elon Musk: Tesla-rival Lucid might be about to die
  • others: cash on hand to survive another year; 
  • unexpected cash infusion from Saudis could change everything;

Rivian.

  • RIVN: down 12% in past five days.
  • Rivian, Warner Bros Discovery to bee added to NASDAQ 100 
  • company says relationship with Amazon solid

Lordstown.

  • RIDE down 19% in past five days.
  • one week ago, brought Endurance EV pickup to market

Arrival.

  • zombie company
  • moving company / operations to US for tax credits, etc.
  • recently blogged; no news

GM BrightDrop:

  • as others fail, BrightDrop charges toward $1 billion in revenue;
  • December 8, 2022: last-mile delivery startup has a permanent home in Ingersoll, Ontario
    • last-mile: no more than 200 miles / 24-hour cycle
  • collectively, more than 30 commeercial customers havd reserved mor ethan 25,000 Ultium-powered BrightDrop vans
    • DHL Express Canada
    • Walmart
    • Verizon
    • Hertz


 

The buzz this week: battery prices.

  • gmauthority;
  • batteries running $131 to $138 / kWh
  • by region:
    • lowest in China at $127 / kWh;
    • US: 24% higher ($160)
    • Europe: 33% higher
  • will continue to rise through 2023
    • then start to fall again in 2024
  • ICE parity: $100 / kWh
    • some segments may already be on par with ICE-based counterparts
      • premium EVs
      • mini city cars for the Chinese market

Link here.

Slow-motion car crash:

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