 Lucid Motors said it has received over 25,000 reservations, worth about $2.4B. As of Feb. 28, the EV maker had 400 deliveries, including 125 in the fourth quarter of 2021. More: - Lucid updated its outlook for 2022 production of the Lucid Air to a range between 12,000 and 14,000 vehicles, down from a previously estimated 20,000 due to supply chain and logistics issues.
- The EV maker generated $26.4M in Q4, including $21.3M from Lucid Air Dream Edition deliveries.
- Lucid also announced its first international manufacturing facility in Saudi Arabia, which it estimates could bring the company $3.4B in value over 15 years. The company expects to produce 150,000 vehicles per year at the site in King Abdullah Economic City. Construction of the plant is expected in H2 2022.
- The automaker expects its Arizona and Saudi Arabia facilities would be able to produce 500,000 vehicles combined.
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The conflict in Ukraine continues to affect operations for automakers in the region, including Volvo Cars, which on Monday suspended shipments to Russia until further notice. Volvo sold 9,000 cars in Russia in 2021, with the vehicles originating from China, Sweden, and the United States. More: - Volvo Trucks halted production and sales in Russia, where 3% of its transaction revenue originates.
- Germany-based Daimler Truck froze all business activities in Russia, including its joint-venture with truck manufacturer Kamaz, from which it is seeking to divest its 15% share in the company.
- Volkswagen revealed the suspension of deliveries for vehicles already in Russia to dealerships after the automaker decided to temporarily halt production for two days this week at its plants in Dresden and Zwickau and Dresden, Germany, due to parts shortages originating from Ukraine. Volkswagen's Czechia-based brand Skoda will also limit local production of the Enyaq iV due to shortages from local suppliers.
- On Tuesday, Mitsubishi Motors said that it may suspend production and sale of its cars in Russia, as economic sanctions could impact the supply chain.
- Hyundai announced it will suspend its car assembly plant in St. Petersburg, Russia for the week of March 1 due to supply chain disruptions.
- General Motors said it will halt shipments to Russia, where it imports approximately 3,000 vehicles a year from the U.S., including the Cadillac XT4, XT6, and Escalade, Chevrolet Traverse and Tahoe SUVs, and the Chevy Trailblazer produced in South Korea.
- Harley-Davidson has also suspended business and shipments to Russia.
- Canadian auto parts supplier Magna International, which has six manufacturing sites and 2,500 employees in Russia, said it will continue operations while monitoring the situation.
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 Velodyne Lidar reported its results for 2021, during which it sold approximately 15,000 sensors, of which 4,900 were during the fourth quarter. The company generated $61.9M in revenue in 2021, with $17.5M stemming from Q4, constituting a 34.3% QoQ increase. More: - Solid-state sensors shipped comprised ~900 units in Q4 and approximately 2,400 for the year.
- Velodyne's licensing and services revenue grew to $3.9M in Q4, up from $1.3M during the previous quarter.
- GAAP gross profit rose to $2.7M from a gross loss of $4.7M in Q3.
- Velodyne had $294.4M in cash and short-term investments as of Dec. 31.
- In February, the company reached 100 partners for its automation solutions, including NVIDIA, Baidu, Ford, Volvo, and Siemens. In January, Velodyne signed a five-year agreement with defense and security company QinetiQ to provide sensors for its unmanned ground vehicles.
Zoom Out: - Luminar Technologies reported $32M in revenue in 2021, of which $12.3M were generated during Q4, constituting a 408% YoY and 55% QoQ increase. In January, the company signed an agreement with Mercedes-Benz to provide Iris lidar, which is expected to enter series production by the end of the year.
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Lordstown Motors released its financial results for the 2021 fiscal year, which ended with a cash balance of $244M. Lordstown raised $182M in 2021, driven by Foxconn's down payments to purchase its facility, where the manufacturing giant is also producing the automaker's Endurance SUV. More: - Lordstown and Foxconn are aiming for the production of 200 Endurance vehicles in 2022 and 2,500 in 2023.
- The automaker had $85M in operating expenses and $30M in capital expenditures during Q4. Its research and development expenses went up to $58.7M, from $27.7M in the fourth quarter of 2020.
- Lordstown had a net loss of $81.1M in the fourth quarter of 2021, from a loss of $61.7M in Q4 2020, and $410.3M for the full year, from a net loss of $124M in 2020.
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 Sidewalk delivery robot company Starship Technologies revealed it has raised $42M through its Series B for a total of $100M since last month. Starship is delivering approximately 10,000 deliveries per day via 1,700 robots. More: - Starship has completed over 3 million orders since its founding in 2017. The company operates at college campuses, such as North Carolina A&T, Southern Methodist University, and South Dakota State University, and through partnerships such as Co-Op and Tesco in the U.K. and Save Mart in California.
- Starship claims its sidewalk robots are close to Level 4 autonomy.
- The round was led by NordicNinja and Taavet+Sten. Previous backers include Swiss Post, Goodyear Ventures, Daimler, and Grishin Robotics, among others, for a total of $197.7M since its inception.
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 Electric vehicle company Canoo published its results for the fourth quarter, during which it produced 271 modules and 16 battery packs, versus 140 modules and eight battery packs in the previous quarter. Canoo has a target to produce between 3,000 and 6,000 vehicles in 2022 and 14,000 to 17,000 in 2023. More: - The EV company had a $346.8M GAAP loss for 2021 and did not report revenue. Canoo had generated $2.5M in 2020.
- Canoo had $224.7M in cash and cash equivalents as of Dec. 31, 2021.
- In December, the EV company announced the relocation of its production from the Netherlands to the U.S., where it received an order of 1,000 vehicles and $15M for its upcoming facility from the state of Oklahoma. Canoo had previously also relocated its HQ and advanced manufacturing facility to Bentonville, Arkansas.
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- Tesla is reportedly being granted approval for the opening of Gigafactory Berlin in March.
- Stellantis expects to double revenue to $335B by 2030 as it shifts focus toward zero-emission vehicles.
- Ford launched its bi-directional home charging station compatible with the F150 Lightning pickup truck.
- Baidu's robotaxi service Apollo Go reported 213,000 rides in Q4.
- Panasonic plans to build a production facility for new lithium-ion batteries for EVs at its Wakayama, Japan factory.
- NASA has awarded three additional missions to SpaceX for crew transportation services to the International Space Station. Additionally, NASA awarded KBR Wyle Services, LLC $71.7M to provide safety and mission assurance services to the agency.
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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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