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- Foley & Lardner Shared highlights from the Outlook Panel presented at the recent OESA 2022 Automotive Supplier Conference.
- Inventory of new light vehicles in the USA reached 1.56 million units at the end of October, representing 49 days of supply and the highest level since May 2021 estimates by Cox Automotive. Cut analysis indicated by Cox Automotive Inventory of used light vehicles reached 2.44 million units at the end of October, which is “close to pre-pandemic levels of 2019.”
- That Association of Engine and Equipment Manufacturers announced a newBusiness structure that will operate under the MEMA umbrella and will represent vehicle suppliers with two groups: MEMA Aftermarket Suppliers Group and MEMA Original Equipment Suppliers Group.
- Mexico exported over 267,000 vehicles in October, up 19% from the volume a year ago and the highest level since December 2020, according to analysis in Bloomberg law.
- Foley & Lardner LLP Partner Craig Dillard is quoted in theautomotive worldArticle “US lithium mining: not if, but when” discusses the likelihood of future US lithium mining operations as environmental, social and governance (ESG) issues related to in-demand rare metals evolve around the world.
- More than In the first nine months of this year, 530,000 new battery electric vehicles were registered in the USAwhich represents a 57% increase compared to the same period last year, according to data from Experian Automotive Utility dive.
- Retail sales of new energy vehicles in Chinareached 4.43 million units in the first 10 months of the year, according to data from the China Passenger Car Association Bloomberg. NEVs are expected to sell 6.5 million units in China this year and the category includes pure electric cars and plug-in hybrids.Foreign automobile joint ventures in ChinaThey are expected to face challenging market conditions if they have not prioritized the production of NEVs in the country.
- The Wall Street Journal According to reports, several major automakers may increase the use of
lithium iron phosphate (LFP) batteries as a cheaper alternative to the more commonly used nickel and cobalt variants. The article notes that EVs equipped with LFP batteries may have shorter ranges.
- A to learn by utilities
National Network predicts that Motorway fast charging stations will “see a drastic increase in power demand compared to today’s usage.” The analysis shows and establishes that certain locations will have electricity requirements equivalent to those of small towns or industrial sites Major transmission links and upgrades can take up to eight years to build.
Market Trends and Regulation
- That National Association of Automobile Dealersissued a statement of support for a US Senate bill that Auto Recycling Theft Prevention Act (PART), which intends to combat a rise in catalytic converter thefts in the nation.
- BorgWarner announced a strategic partnership with
wolf speed This includes a multi-year agreement to purchase $650 million Silicon carbide devicesannually in support of products including electric vehicles.
- sources a Bloomberg and The Wall Street Journal
specify Volkswagen intends to explore projects and investments in areas such as autonomous driving and battery electric vehicles. The potential ratings come about two months after the automaker appointed a new CEO and are attributed to him Factors including software delays.
- Renault is reorganizing into multiple entities and plans to seek a separate listing for its electric vehicle division.
Connected/autonomous vehicles and mobility services
- Stellantis will acquire the Budapest-based automated driving technology startup AiMotive for an unknown amount.
Electric vehicles and low-emission technology
- That US Department of Energy awarded nearly $74 million to 10 projects in seven states to advance battery recycling and reuse for applications such as electric vehicles. Funding is provided by Bipartisan Infrastructure Act.
- battery recycling company redwood materialssigned a multi-billion dollar supply deal
panasonic with high-nickel cathode for battery production from 2025.
- analysis on The Wall Street Journal gives an assessment of Supply chains for EV componentsincluding batteries, electric motors and electronics.
- Our next energy was selected take care of
Bollinger motors with Aries battery packs on Class 4-6 chassis cabs. Bollinger expects production to begin in late 2023.
- GM expects his Electric vehicle sales in North America are projected to be “solidly profitable” by 2025 due to factors such as government incentives and tax credits, and reduced battery cell costs.
- Analysts quoted in Supply chain dive predict
battery manufacturer could experience headwinds in the market in the short term due to supply bottlenecks for components such as lithium, copper and graphite.
- Amazon has over 1,000 custom electric vehicles designed by Rivian Deliveries to more than 100 US cities.Amazon has delivered more than 5 million packages with the vehicles since the program was launched in July.
- Ann Arbor, Michigan resident Domino’s Pizza Inc. announced plans to build a fleet of around 800 vehicles Chevy Bolt electric vehiclesacross the country to deliver pizza orders.
- Volvo and pilot Plan to set up a network of charging stations for Class 8 battery electric trucks at pilot and
Flying J locations in the US earlier this year
GM announced a partnership with
EVgo and pilot Install 2,000 fast chargers at up to 500 Pilot and Flying J locations.
- Japanese manufacturer of electric motorsNidec Corp. plans to invest approximately $715 million to build a facility Mexico to produce electric car engines.
- fisherman has started production of its electric SUV Ocean in Austria and the company aims to build around 42,400 units in 2023.
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