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| Hey Insiders — Today we're bringing you the latest on General Motors' performance and London's picks for e-scooter operators. Scroll down for Stellantis' take on the latest trade restrictions from China. Let us know which areas you would like us to cover next. Thanks for reading! Nicolas
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| 1 | | General Motors reported the sale of 691,978 vehicles in the second quarter, increasing from 582,401 during Q2 2022. GM's retail segment grew by 15%, while its fleet sales increased by 30% in H1. More: - The automaker sold 36,300 electric vehicles in H1, of which 15,652 were in Q2.
- GM's electric vehicle sales constitute 2.8% of the group's total for the semester.
- 93% of the H1 EV sales were the Chevy Bolt, which will be discontinued this year.
- In H2, GM plans to launch sales of the Chevrolet Silverado, Blazer, and Equinox, in addition to a new electric delivery van and a $300,000+ Cadillac Celestiq.
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| 2 | | Transport for London announced that Lime, Dott, and Voi had been granted permits to operate shared e-scooter programs in the city. Lime and Dott will keep their operations in London, while Stockholm-based Voi took Berlin-based Tier Mobility's permit spot. More: - The permits would be valid through May 2024 per the Department for Transport's guidance.
- The program allows up to 5,000 e-scooters, providing more than 600 designated parking locations.
- Since its launch of e-scooters in London in June 2021, shared e-scooters have been utilized 2.5 million times, covering a distance of 6.46 million km (~4 million miles).
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| 3 | | China announced this week its plans to restrict the export of gallium and germanium, which are used in electric vehicles and semiconductors, starting Aug. 1. Reacting to the news, Stellantis CEO Carlos Tavares said the decision should not drive Western automakers to decouple from China. More: - "It's not realistic, nor it is in the interest of Western companies [to decouple from China]. I think we just need to find areas where we can cool down and negotiate win-win situations," said Tavares.
- Stellantis has an asset-light approach to the Chinese market, importing its vehicles from abroad.
- The automaker sold 6 million vehicles globally in 2022.
- $STLA was down 1.38% for the day but up 4.24% WoW on Wednesday afternoon.
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| 4 | | MightyFly revealed it was awarded a $150,000 grant from the Michigan Mobility Funding Platform to demonstrate autonomous flights for cargo delivery. The company plans to demo autonomous eVTOL flights carrying up to 100 pounds. More: - The program was launched by the Michigan Economic Development Corporation and the Michigan Department of Transportation to encourage electric transport solutions.
- "Michigan is uniquely positioned to support testing, development, and deployment of new technologies that will lead to more affordable, accessible transportation solutions," said Charlie Tyson, technology activation manager for the Office of Future of Mobility and Electrification, which manages the program.
- The company is currently in the planning stages of its proof of concept (POC), seeking to perform trials with partners in 2024 and 2025.
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| 5 | | Hyundai is reportedly seeking to build a second manufacturing facility for electric vehicles in North America. The plant would be built in Canada, as the automaker works on its Georgia location. More: - "Canada is now pushing for an EV future. It makes a lot of sense to piggyback off of the battery plants and the technology, and the good people who are there to provide R&D, to provide assembly work [and] to provide supplier parts," said Sam Fiorani, VP of global vehicle forecasting at AutoForecast Solutions.
- Hyundai sold 186,566 vehicles last year in Canada, becoming the country's largest automaker by volume without a local manufacturing presence.
- The company currently operates an internal combustion engine vehicle facility in Alabama.
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| 6 | | The International Air Transport Association released a statement describing its projection that the number of passengers traveling through Hong Kong will reach pre-COVID levels by the end of 2024. The special administrative region added 6,300 workers from Mainland China to its aviation industry. More: - Hong Kong Airlines has been expanding its schedule, adding 4x flights to Phuket International Airport weekly, and restarting flights to Sanya Phoenix International Airport.
- Cathay Pacific revealed it expects a return to profitability in H1 2023 and further expansion in H2 with flights added to Chicago, Johannesburg, and Christchurch.
- Cathay carried 1.4 million passengers in May, representing 48% of its pre-pandemic levels; however, a 2,345% increase from the previous year.
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- Rivian will begin sales of its electric delivery van in Europe in the coming weeks.
- Lufthansa is using automated flight profile transmission technology to transmit 4D flight path information.
- Iveco acquired full ownership of its joint venture with Nikola, which will be renamed EVCO.
- Mitsubishi announced it will offer free maintenance for two years or 30,000 miles for the 2024 model year.
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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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