January 5, 2023
EV Company News For The Month Of December 2022, a subscriber-only post by Trend Investing
Published on: Tue, Jan. 3, 11:29 PM ET
Summary:
- Global electric car sales Nov. 2022 were an estimated 1million+. China sales up 50% YoY to 35% share. Europe up 26% YoY to ~28% share. US ~6% share.
- EV market news - By 2029, electric vehicles could account for a third of the North American market, and about 26% of vehicles produced worldwide.
- EV company news - BYD sold almost 230,000 plug-in cars in November 2022. It's the ninth consecutive monthly sales. Tesla China EV sales and exports surged in November 2022.
- Hyundai will sell only electric cars in Norway from 1 January 2023. Mercedes-Benz to double EV motor output at German plant to 1M units. GAC Aion's battery base starts construction with goal of meeting demand for 600,000 EVs pa.
- Ford F-150 Lightning named MotorTrend Truck of the Year. GM JV (General Motors & LG Energy Solution) has closed on a $2.5B federal loan to help finance 3 lithium-ion battery cell plants in USA. Lucid raises $1.515b and begins deliveries of Lucid Air Dream Edition to customers in Europe.
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