Technode Emerge Conference, MIC Tesla Model 3s to EU, Battery Packs 101 - SAI Newsletter 41
|
|
|
Photo by Hanny Naibaho on Unsplash
I am off tomorrow to Shanghai for my first business trip in what feels like years. I’ve set up some meetings and will be participating in Technode’s Emerge Conference 2020 on Thursday which happens to be the first in-person conference I’ll be attending in forever as well. I’ll be sitting in on the EV panel ‘What’s Next as the Industry Recovers.’ Should be an interesting discussion, I will do my best to make it so.
For those in Shanghai that are interested in attending, tickets are still available here: https://www.huodongxing.com/event/4567179400100
For those unable to attend the conference but would like to still connect, please WeChat or email me. I am sure there will be some time in the evenings to grab one of those tasty adult beverages somewhere in Jingan.
With the US election next Tuesday, there doesn’t seem to be much else being covered on Western news. Either candidate will need to address the US’s slow embrace of EVs, that’s if they want the US to maintain its competitiveness in the automotive sector globally.
Actually, there is one other major event being covered and that’s Ant Financial’s IPO which is a HUGE feather in Jack Ma’s cap which in turn makes it a HUGE feather in China’s cap. Their targeting to raise $34B at a $310B valuation which should make it the largest IPO ever! The numbers for Ant are staggering and I am not talking about valuations. I’ve outlined a few of them below.
We’ve recently seen GM (+~16%) & Ford (+~18%) share prices appreciate over the last month as some of their EV announcements and cred have rubbed off on their valuation. Especially when it comes to GM’s Hummer reveal. That thing is a BEAST. The Hummer Edition 1, at >$112K is really targeted at the .1%ers but I bet with a warm reception and brisk sales, there will be smaller, less expensive Hummer derivatives planned. This as Tesla’s valuation, after some volatility, has settled back down to $420 where it was about a month ago.
I have seen over the last week or so more articles about how EVs have arrived. Folks - I am here to tell you that they arrived > 5 years ago via China but that the foreign automakers didn’t want to acknowledge it, especially before pre-Covid. They thought they had more time, I am talking to you US automakers, but that timeline has been pulled in by a good 18-24 months.
TESLA IN THE NEWS:
- About 7K Standard Range Tesla Model 3s that were manufactured at Shanghai Giga were put on a boat this week for their ~month long journey to Belgium where they will be then sorted and sent on their way to Germany, France, Italy, Netherlands, Spain, Switzerland, and Sweden for sale.
- Tesla reported their 5th straight quarter of profits last week. It’s also still on track to meet its target of 500K delivered in 2020.
- Tesla’s FSD (Full Self Driving) beta was rolled out to a limited # of customers last week and there has already been a blitz of FSD controlled Tesla vehicle videos posted on the interwebs. It’ll launch as a $10K package once it’s available at the end of this year to the general Tesla customers.
IN THE NEWS
- You’ve probably heard of Shazam, the Apple-owned app that can determine a song’s title just by listening to the song. Well, how about an app that determines what’s wrong with your car by listening to it run? A pilot app has recently been launched by Skoda in 14 countries to diagnose vehicle issues. The app uses AI to compare the engine running to its database of engine sounds in order to make a diagnosis. Pretty cool stuff that we’ll see more of as the majors begin embed technology into their vehicles and systems.
- “At current rates and pack sizes, the average battery cost for a typical electric vehicle works out to about $7,350.” Would you like to know how & why battery cells affect everything from the safety, reliability, range, and affordability of an EV? Here's a brief & simple tutorial on EV batteries.
- VW Group re-org’ing, getting smaller in order to shed costs? There are rumors of Bentley getting moved under Audi and Lamborghini getting spun off. As I’ve stated in previous newsletters, this needed to happen long ago. This is one part of the equation, the other important part being to bring up their software development capabilities – that one’s definitely easier said than done. One thing is for sure, VW Group and likely other large OEMs (see GM, Bimmer, Daimler & Ford) will not look the same in 2 years.
TRENDING ON SOCIAL MEDIA
- Micro EVs delivered to your driveway anywhere in the US? DONE. Working with DHL in order to deliver these two-seat bigger than a motorcycle but smaller than a Yugo anywhere in the US will kill two birds with one stone, extending its reach nationally while also bypassing the dealership laws in states like Michigan and Texas.
STATS OF NOTE
- 1,000HP, 11,500 lb-ft of torque, 0-60mph in ~3 secs., >350 mile range, $112,595 MSRP. No, we aren't talking about the next supercar from Ferrari, those are vital stats from the 2022 Hummer Edition 1 that’s scheduled to ship in the Fall of ’21. It’s definitely the biggest and the baddest of the bunch …so far. Ford, Rivian, Ram, Great Wall – Challenge accepted?
- Ant Financial: 730M monthly users (Paypal has 346M), from June 2019 – June 2020 it handled $17T in digital payments in mainland China. That’s with a T.
PRODUCT & SERVICE INTRODUCTIONS
——
This weekly newsletter is a collection of articles we feel best reflect the happenings of the week or important trends that have effects on the automotive and mobility sectors here and in the US, we also provide a point of view that we hope educates and sparks debate.
The Sino Auto Insights
|
|
|
|
|
Sino Auto Insights is a Beijing, China-based market research and advisory firm that specializes in assisting companies analyze, strategize, and develop products and services that will shape the future of mobility and transportation.
Members of our team have experience working in Detroit, Silicon Valley as well as here in China across multiple sectors and functions as entrepreneurs as well as working at larger companies like Apple, Google, Amazon, GM and FCA, and many others.
|
|
|
| | |
| |
|
|
|
|
|
Votes: 0
Voting..
|
|
|
|
|