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67.80% Market Share

67.80% Market Share

October 20, 2022

Cadillac

Happy Thursday. We have news on Q3 Sales, Cadillac, Rolls Royce, BMW, IKEA, VW, and more. We also made an e-bike race video (scroll down for the link).

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What do you know?

BMW is investing how much into its facility in SC to being manufacturing EVs?

$500 million
$700 million
$900 million
$1 billion

EV Headlines

Q3 #’s

Giphy

Q3 Sales for EVs are out. Here are some key takeaways;

Top Spot for Q3 sales- Tesla Model Y with 60,271 vehicles sold
Top Spot for YTD sales- Tesla Model Y with 191,451 vehicles sold.
Largest YOY Q3 increase in sales- Polestar 2 with a 243% increase
Largest YOY YTD increase in sales- Polestar 2 with a 500.20% increase
Largest Market Share YTD- Tesla Model Y with a 33.20% market share.
Tesla has nearly 70% of the market share YTD for 2022. 67.80% to be exact.

In other EV News

Cadillac’s new $300,000 Celestiq EV will arrive in 2024. The EV is expected to have a range of more than 300 miles, 600 horsepower, and goes from 0-60 mph in 3.8 seconds.
Volkswagen was beaten by Tesla as the #1 EV manufacturer in Germany. For the first three quarters of 2022, Tesla registered 38,458 vehicles which is 6,000 more than VW.
The Mercedes-Benz EQE has turned into an electric SUV. The SUV is expected to hit dealerships in 2023, but there’s no announced price yet.
EV company Dash EV will be establishing its headquarters in Greenville, SC. The operations will create 10 new jobs.
Vietnamese company VinFast is planning new headquarters in Germany, France, and the Netherlands to serve three key European markets better.
Stellantis and Jeep have debuted the EV Jeep Avenger. The car’s targeted range is around 249 miles and will only be sold in Europe.
Sony Honda Mobility EVs will hit US roads in 2026. The companies will begin taking pre-orders for its EV in the first half of 2025.
Foxconn, best known for assembling Apple products, wants to manufacture for Tesla as the company aims to diversify its business through the EV industry. It recently unveiled the Foxtron Model V Electric pickup truck built completely in Taiwan.
Enel X Way has partnered with Sunrun to supply smart Level 2 EV charging stations for Sunrun’s recently launched EV charger offering.

Need Help Hiring?

EV of the Week

Starlight

Rolls Royce

I’m more of a sports car, supercar, hypercar type kind of guy, but now and then I like a luxury vehicle. Sometimes I’d like to trade in my sporty suspension for something that feels more equivalent to floating in the clouds while getting a massage. Make it electric too. That’s why the Rolls Royce Spectre is the EV of the Week.

0-60 mph in 4.4 seconds
260 miles of Range
577 horsepower
664 lb-ft of torque
23-inch wheels
Starlight headliner and doors
Price $327,750-$458,000
Tested on 1.5 million miles of road

-John @ Mobility EVo

AV Corner

IKEA Deliveries

IKEA will begin testing Kodak’s driverless delivery trucks in Texas. The trucks will make deliveries from a warehouse in Houston to an IKEA store in Dallas, which is around 300 miles away.

In other AV News

To combat a declining supply chain, Cruise has begun manufacturing its own chips, boards, and sensors. With this business move, the company is saving a lot more money.
Volkswagen wants to speed up its process to automate its electric vehicles for its Chinese customers. The company will invest €2.4 billion to form a partnership with Horizon Robotics.
China’s autonomous vehicle market is expected to reach $98.89 billion by 2030 as the country is the second-largest market for autonomous technology.

Videos

E-Bike Races

Rolls-Royce Spectre | A Prophecy Fulfilled

EV Merch

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Answer

BMW will invest $1 billion into its plant in Spartanburg, South Carolina to begin manufacturing electric vehicles. BMW will also invest $700 million into a new battery production facility in Woodruff, SC.

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