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- U.S. new light-vehicle sales in November are
forecast to reach a SAAR of 13.6 million
units, according to estimates from J.D. Power and LMC Automotive.
- Light-vehicle production declined by 20% in
Mexico last year, and could fall by an additional 5% this year, according
to the Mexican Automotive Industry
- In a statement last week by the COVID-19 Joint Task
Force, disclosure of vaccination status is still voluntary
for hourly union employees of Ford, GM,
- Canada signaled potential disagreement with the U.S. over the
interpretation of the USMCA's rules of origin for vehicle
components, and Mexico may pursue an arbitration panel over auto content
- Electric vehicles and low emissions
- As part of its Ambition 2030 strategy,
Nissan will invest $17.6 billion in electric
vehicles and battery development over the next five years and set a
goal to achieve 50% of its global sales from electric vehicles or
hybrids by fiscal year 2030.
- LG Energy Solution secured $1.36 billion to fund the expansion of
its North American battery production capacity; the location of the
potential expansion was unclear. LG has a battery cell plant in
- Solid-state battery technology faces a number
of technological hurdles, which are expected to
result in difficulty achieving mass market adoption this
- Rental car companies expect to increase electric vehicle options in their U.S. fleets, while noting challenges such as higher upfront costs, as well as the need to increase access to vehicle charging.
- As part of its Ambition 2030 strategy, Nissan will invest $17.6 billion in electric vehicles and battery development over the next five years and set a goal to achieve 50% of its global sales from electric vehicles or hybrids by fiscal year 2030.
Market Trends and Regulatory
- The World Health Organization assigned the Greek
letter omicron to a new
SARS-CoV-2 "variant of concern" that
originated in South Africa's Gauteng province. It will be a
number of weeks before researchers understand the potential impact
on therapeutics and vaccines. Global markets fell sharply on Friday
in response to the update, but recovered some of the losses on Monday.
Several countries imposed travel bans on a number of southern
African nations, and countries including Japan and Israel banned foreign visitors.
- In commentary prepared for an appearance at the Detroit
Economic Club, Commerce Secretary Gina Raimondo urged Congress to support domestic
semiconductor manufacturing by approving $52 billion in funding for
the CHIPS Act.
- Beginning in January, the Biden administration will require COVID-19 vaccines for essential, nonresident travelers crossing U.S. land borders.
- Low vehicle inventories have recently contributed to higher
profit margins for automakers and dealerships. However, several
tier one suppliers are experiencing decreased profitability due to
light-vehicle production reductions, as well as limited visibility
into production shutdowns.
- In a recent interview, Mazda emphasized its commitment to the U.S. market, discussing its upcoming CX-50 crossover vehicle and joint-venture plant with Toyota in Huntsville, Alabama.
Connected/Autonomous Vehicles and Mobility Services
- Hyundai plans to test a Level 4 autonomous
vehicle in Seoul next year as part of its upcoming
"RoboRide" mobility service.
- Baidu received approval to charge fees for its Apollo Go robotaxi service in Beijing, and the company plans to expand to additional cities in China next year.
Electric Vehicles and Low Emissions Technology
- Rivian will postpone deliveries of its R1S
SUV by four to six months, from a previous target of
- Tesla intends to invest up to 1.2 billion yuan
($188 million) to upgrade equipment and optimize production lines
at its Shanghai facility; the site is reported to be approaching its capacity
limits.Separately, CEO Elon Musk indicated in a tweet that Tesla's
Model S Plaid sedan could launch in China next
- Australia-based Vulcan Energy Resources Ltd.
will supply lithium hydroxide for Stellantis'
EV batteries in Europe beginning in 2026, as part of a five-year
agreement announced this week.
- Sales of fuel-cell heavy trucks in China reached 435 units in January-October, and consultancy Roland Berger predicts the market could surpass 50,000 units by 2030 if fueling infrastructure improves and vehicle costs decrease.
Prepared by Julie Dautermann, Competitive Intelligence Analyst
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.