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| 1 | | The House Committee on Transportation and Infrastructure voted in favor of raising the pilot retirement age from 65 to 67 as the sector sees shortages. The proposed measure would be included in the FAA programs reauthorization legislation. More: - "It's a modest increase, but that gives us some time for long-term solutions to take shape," said the president of the Regional Airline Association, Faye Malarkey Black.
- In 2007, Congress raised the retirement age for pilots from 60 to 65.
- The Air Line Pilots Association, which represents pilots at Delta and United Airlines, among others, opposes the proposed age increase for reportedly not consulting agencies responsible for safety, calling it "a politically driven choice that betrays a fundamental understanding of airline industry operations."
- The proposal would require a vote by the full House and companion legislation by the Senate.
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What the numbers say: Battery electric passenger car sales in Germany rose by 47% YoY to 42,780 units in May. Plug-in vehicles (including PHEVs) reached 56,583, comprising an 8% YoY increase. Relevance: BEVs increased their market share in Germany to 17.3%, versus 5.6% for plug-in hybrids. However, the country observed a year-to-date decline in total vehicle sales, impacting plug-in passenger cars by a decrease of 7% YoY to 230,000. Brands that should care: Year-to-date, Tesla leads BEV sales in Germany with 28,340 units, ahead of Volkswagen. When adding plug-in hybrids, VW reached 29,478 unit sales and Mercedes-Benz 28,541. There is a clear drop-off between these three companies and the next 12, which include Audi with 18,113 (6,277 PHEVs) and BMW with 17,458 unit sales (7,485 PHEVs) — fewer than sales of the Tesla Model Y (21,727). | | | |
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| 3 | | Electric vehicle maker XPeng announced it secured a permit to roll out its driver-assist technology in Beijing. This follows the release of the tech in Shanghai in March and prior rollouts in Shenzhen and Guangzhou. More: - The City Navigation Pilot includes self-braking at traffic lights and intersections, among other city traffic tasks.
- A highway version of the driver-assist technology for the P7 sedan launched in Q1 2021.
- A beta version of the new capabilities will be rolled out to G9 Max and P7i Max EVs through over-the-air updates.
- Tesla's Full-Self-Driving is not yet available in China.
- $XPEV was up 9.44% for the day and 34.78% WoW, on Thursday morning.
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| 4 | | Knoxville, Tennessee-based startup Carbon Rivers said adding graphene nanoflakes to tires in lieu of 6PPD chemicals would reduce emissions by 28%. "We've had some initial conversations with tire-makers. We would like to see this in commercial testing," said David Morgan, the company's chief strategy officer. More: - On the other hand, tire manufacturer Pirelli stated that "at the moment, there is no evidence that a graphene material could be a viable alternative to 6PPD in tires; thus, a timeline of 2025 for its industrial application does not seem realistic."
- Michelin added there is no data to support graphene as an alternative, while Mark Bissett, reader at the National Graphene Institute of the University of Manchester, said, "As with all nanomaterials, there are some unknowns which require further study to verify its safety, but from the studies done so far the consensus is that graphene is safe."
- A research study by the University of Washington, Tacoma, found that 6PPD chemicals were responsible for the mass deaths of Coho salmon off the U.S. Pacific coast.
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| 5 | | The U.K.'s Competition and Markets Authority is probing American auto parts supplier LKQ Corp's $2.1B agreement to acquire automotive paint specialist Uni-Select. The regulator expects a preliminary decision by Aug. 10. More: - Uni-Select has over 1,000 corporate customers and supplies over 16,000 auto repair shops in Canada.
- LKQ focuses on recycled and aftermarket parts and replacement systems.
- The acquisition would be funded via a combination of cash, debt, and bridge financing from Bank of America and Wells Fargo.
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| 6 | | Shipping giant Maersk ordered 25 Volvo FH electric trucks for its operations in Germany, with the addition of 23 vehicles in Q1 2024. This adds to a previous Maersk order of 126 Volvo VNR electric vehicles for use in the U.S. More: - "We see rising demand from our customers for cleaner end-to-end transportation solutions with minimal greenhouse gas emissions," said Jens-Ole Krenzien, Maerk's managing director for Northern Europe.
- The company plans to use the EVs for its new warehouse in Duisburg, in the Dresden area.
- Maersk has also ordered 300 electric trucks from Swedish manufacturer Einride.
- Maersk stock was up 1.16% for the day on Thursday morning.
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 | Sr. Analyst | | Nicolas S. is a Sr. Analyst at Inside, covering transportation and startup trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups. Follow him at @MobilityNerd. | | This newsletter was edited by Aaron Crutchfield | |
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