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:

• that's the view of The [London] Guardia
• November 13, 2022;