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| Hey Insiders — Today we're bringing you the latest on Archer Aviation's new eVTOL contracts and Stellantis' new fuel-cell plans. Scroll down for the latest transportation leadership changes. Let us know which areas you would like us to cover next. Thanks for reading! Nicolas
p/mobilitynerd | |
| 1 | | eVTOL company Archer Aviation revealed it signed $142M in contracts with the U.S. Air Force. The partnership would involve the delivery of up to six Midnight aircraft. More: - Archer and the Air Force will also work on flight test data sharing, pilot training, and maintenance and repairs.
- The company has been working with the Department of Defense since 2021 as part of the AFWERX program's assessment of VTOL technologies.
- "eVTOL aircraft represent the cusp of the third revolution in aerospace, and these aircraft and their descendants will drive advances in capabilities and efficiency," said Colonel Tom Meagher, lead for AFWERX Agility Prime programs.
- Archer Aviation stock jumped 21.76% for the day on Monday morning.
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| 2 | | Stellantis officially joined Faurecia and Michelin as an equal shareholder in Symbio, a fuel cell joint venture. Founded in November 2019, the JV has primarily focused on Europe, expanding to the U.S. in August 2022. More: - Stellantis already uses Symbio's fuel cells for versions of the Opel Vivaro-e, among other models.
- The automaker plans to expand its lineup in Europe and the U.S. with larger fuel-cell commercial vehicles in 2024 and 2025, respectively.
- The joint venture plans to manufacture 50,000 fuel cells annually by 2025.
- Symbio plans to deliver the first 50 of up to 1,000 hydrogen fuel cells for the Hype taxi fleet in Paris.
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| 3 | | Toyota seeks to increase its electric vehicle sales in China amid increased competition from local EV brands and Tesla. Toyota announced it will be partnering with auto suppliers Denso and Aisin to speed up powertrain development. More: - Toyota plans a mixed-model approach, developing BEVs, hybrids, and hydrogen fuel-cell vehicles.
- The automaker has three joint ventures in China: BYD, FAW Group, and Guangzhou Automobile Group.
- Earlier this month, Toyota let go of 1,000 contract workers as it dealt with production slowdowns for the bZ4X crossover.
- Globally, Toyota sold 898,947 vehicles in June (+10% YoY), driven primarily by demand in Europe and the U.S.
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| 4 | | Lyft appointed Janey Whiteside, partner at financial services advisory group Consello, to the board of directors. Archer Aviation, O'Reilly Automotive, and AMSL Aero experienced leadership changes. Hires: - Archer Aviation hired Nikhil Goel, co-founder of Uber Elevate, as chief commercial officer to lead strategy on launching eVTOL markets in the U.S.
- O'Reilly Automotive named Brad Beckham as its new CEO, who will be succeeding Greg Johnson, who is retiring.
- Mercedes-Benz's board of supervisors extended contracts for CEO Ola Källenius and CTO Markus Schäfer for the next five years.
- eVTOL company AMSL Aero appointed Royal Australian Navy veteran Chris Smallhorn as its inaugural chair.
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| 5 | | Panasonic revealed its plans to supply Mazda with cylindrical batteries for electric vehicles in the second half of the decade. The move is driven by concerns about Panasonic's overdependence on Tesla. More: - Details about whether Mazda's supply will consist of the 4680 or 2170 battery models or the location where these will be built were not disclosed.
- A Panasonic spokesperson floated Kansas as an option for a cylindrical battery factory.
- The company's other automotive clients include Lucid Group and Hexagon Purus.
- In May, Panasonic revealed it is planning to quadruple battery production to 200 GWh by March 2031.
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| 6 | | DHL Express announced its plans to invest $192M into constructing an aircraft maintenance facility at Cincinnati-Northern Kentucky International Airport (CVG). The company would leverage $1M in incentives approved by the Kentucky Economic Development Finance Authority. More: - 305,000 sq. ft. facility at DHL Express' main hub is expected to be completed by the end of 2025.
- DHL has invested more than $250M in upgrades to the site since 2015, including aircraft handling equipment and automatic sorting systems.
- Last week, Ontario International Airport in California approved DHL's plans to build a hub to serve the West Coast.
- CVG is Amazon Air's national hub and has a presence from Atlas Air, ABX Air, and Sun Country, among other cargo carriers.
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- Canadian auto supplier Magna International plans to source silicon carbide modules for its electric drive systems from U.S.-based Onsemi.
- BC Transit is planning to procure 115 electric buses and 134 charging ports for a CA$395M project.
- Brazilian airline GOL surpassed its revenue record by generating $800M in Q2.
- Volvo is recalling 63,095 trucks for defective wiper motors in the U.S. and Canada.
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INSIDE TRANSPORTATION LEADERBOARD (ALL-TIME) |
 | 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 Christopher Hachey | |
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