 Bentley Motors revealed its plans to invest $3.4B in electric vehicle production by 2030. The investment includes updates to its sole assembly plant in Crewe, England. More: - Bentley has a goal to become end-to-end carbon neutral by 2030.
- The automaker plans to have a lineup exclusively of electric and hybrid models by 2026 and to go fully electric by 2030.
- In 2021, Bentley sold a record 14,659 vehicles, a 31% YoY increase.
Zoom Out: - Bentley's parent company, Volkswagen, revealed earlier this week that the average CO2 emissions for its new passenger cars were around 5.5 million grams below the legal target for Europe. This metric includes VW's Audi, Porsche, Skoda, and SEAT brands; however, it does not encompass Bentley or Lamborghini emissions.
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 China-based search giant Baidu and automotive group Geely revealed an investment of $400M in their electric vehicle joint venture, Jidu Auto. The new funds are planned for the development of an autonomous vehicle. More: - The autonomous vehicle is expected to be revealed in April and made available for purchase in 2023.
- Baidu and Geely had previously invested $256M in the joint venture at its inception in January of 2021.
- Jidu plans to spend $7.2B in production and talent by 2026. The company revealed it completed the design of the Level 4 self-driving functions for cities and highways in nine months.
Zoom Out: - In November, Baidu revealed its plans to expand its Apollo robotaxi service to 65 cities in China by 2025 and 100 by 2030. The company has over 10 million miles of L4 driving with Hongqi electric vehicles.
- Geely-backed Zeekr partnered with Intel's Mobileye to develop an L4 autonomous car in China, aimed at 2024.
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 Rivian is increasing its production output to 200 vehicles per week after a pause at the beginning of the month for improvements at its manufacturing facility in Normal, Illinois. Rivian had been producing an average of 50 units per week of its R1T pickup truck since beginning in August. More: - Rivian produced 1,015 vehicles and delivered 920, short of its goal of 1,200, by the end of 2021.
- The output of the R1T was reportedly initially reduced to make space for R1S SUV pre-production work. Rivian's facility has a planned capacity of 150,000 EVs per year by 2023. Production at its second facility is expected in 2024 in Georgia, aiming at 400,000 EVs per year.
- Rivian has a delivery due date for 10,000 electric vans for Amazon by the end of the year and 100,000 to complete the order by 2030.
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 Scooter company Gogoro revealed it signed a partnership with Foxconn, Indonesia Battery Corporation, and Indika Energy to work on battery manufacturing. The companies plan to develop battery cells, modules, and packs before proceeding to two- and four-wheel EVs and electric buses. More: - Gogoro's partnership in Indonesia also plans to cover energy storage systems, battery swapping stations, battery recycling, and R&D.
- Gogoro also signed a separate agreement with Electrum on battery swapping stations and electric scooters, which adds to its existing pilot program with Gojek in South Jakarta. The pilot program consists of 250 e-scooters and four GoStation battery swapping sites located at Pertamina gas stations.
- The e-scooter company plans to scale its operations in Jakarta to 5,000 vehicles.
- Indonesia is the third-largest market for two-wheel vehicles in the world, with 111 million existing units.
- Poema Global, the special purpose acquisition company that aims to merge with Gogoro, had a 0.2% rise in its stock for the day on Wednesday afternoon.
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U.S. retail auto sales are expected to decrease 8.3% to 828,900 in January, per J.D. Power and LMC Automotive. The consultancies believe the projection is impacted by the COVID-related supply constraints and higher labor and raw material costs. More: - The average price of new passenger vehicles is expected to be $44,905, a slight decrease from $45,283 in Dec. 2021 but up from $40,857 a year earlier.
- Including non-retail sales, the U.S. is expected to reach a total of 932,099 new units in January, a 15.6% YoY decrease.
- For the first half of the month, used-vehicle supply is at normal levels at 50 days for retail and 25 days for wholesale. Wholesale used-vehicle prices on an adjusted basis increased 0.8% in the first 15 days of January.
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Bridgestone announced its plans to expand services for electric and hybrid vehicles at 44 locations in Austin and San Francisco. EV operations comprise 10% of Bridgestone's total services. More: - The auto service company revealed its plans to install 50 Level-2 plug-in stations by Blink Charging at 25 locations in Austin, Denver, Los Angeles, and San Francisco.
- Bridgestone's planned new services involve inspections, diagnostics, maintenance, high-voltage component repair, and battery troubleshooting.
- Electric and hybrid vehicles are expected to make up 50% of vehicles in the U.S. by 2030, per Boston Consulting.
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- Mesa Airlines pre-ordered 150 hybrid VTOLs from Elroy Air for commercial and healthcare deliveries.
- Japan-based helicopter platform AirX ordered 50 EH216 eVTOLs from EHang.
- Aer Lingus plans a 10% increase from 2019 levels in flights to the U.S. and Canada this summer.
- Tesla published a demo of its HEPA air filter.
- Toyota expects to produce 11 million vehicles in fiscal 2022 if the semiconductor chip supply is stable.
- Stellantis plans to export Russian-made vehicles to Western Europe.
- Progressive generated $17.4M from its direct personal auto category in December, a 6% YoY rise.
- On Tuesday, the DOT released $246M in funding toward completing a 3,000-mile rural freight and passenger network for long-haul trucking.
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 |  | Written and curated by Nicolas Saravia, an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped start-ups. |  | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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