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| Hey Insiders — Today, we're bringing you the latest on Wing's partnership with Walmart, plus Didi selling its smart car division. Scroll down for news on Ford and BYD. Let us know which areas you would like us to cover next. If you find this newsletter helpful, please share it with a friend or colleague. Thanks for reading! Nicolas
p/mobilitynerd | |
| 1 | | Alphabet's Wing and Walmart announced a partnership to deliver products via drones within 30 minutes to up to 60,000 homes in the Dallas-Ft. Worth metro area. The partnership will begin delivering products in the eastern and central parts of Frisco, expanding Walmart's current service area. More: - Wing says it expects to add additional neighborhoods "in a few weeks." Currently, the service is available to deliver to homes within six miles of the participating store.
- A second Walmart store will be added to the network by the end of the year.
- Walmart has already completed more than 10,000 drone deliveries out of 36 stores in seven states. It currently has eleven drone hubs in the Dallas area, most of which are operated through a partnership with DroneUp.
- Walmart stock was up 0.59% for the day and +0.20% WoW on Friday at market close.
Q: Would you order a product to your home via drone? Join the conversation here. |     | |
| 2 | | Ford is reportedly slowing down production of the 2023 F-150 at one of its two facilities due to a shortage of an undisclosed component. The facility being affected by the shortage would be the Kansas City assembly plant. More: - The production of the F-150 at the automaker's Dearborn Truck plant would be unaffected by the parts shortage.
- Ford will reportedly run the production line with a single crew instead of the usual three for this week, increasing to two for the week of Sept. 8.
- Production of the F-150 Lightning, however, recently resumed after a six-week halt for the upgrade of the Rouge Electric Vehicle Center, where it expects to produce 150,000 units.
- Ford stock was up 1.36% for the day but down 1.08% WoW on Friday at market close.
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| 3 | | The Federal Aviation Administration is seeking an end to the regulatory loophole that enables non-ATP commercial pilots to operate passenger flights. Per the General Operating and Flight Rules, a Part 135 charter flight may operate as a commercial flight if the advanced bookings do not surpass more than 30 passenger seats. More: - The rule is said to be misused by commercial airlines by contracting charters to offer regularly scheduled services.
- Pilots qualified for Part 135 flights require a minimum of 250 flight hours rather than the ATP and 1,500 hours for Part 121 requirement for regularly scheduled flights.
- "Were FAA to amend its regulatory framework, some operators conducting public charter operations would need to transition from operating under Part 135 to Part 121," reads the agency's notice of intent.
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| 4 | | XPeng reached an agreement to acquire Didi Global's smart car division for a total of $744M. Didi will turn its focus to its ride-hailing expansion. More: - XPeng plans to develop a smart EV under a separate brand, currently being developed under the "Mona" project name.
- The automaker will issue the equivalent of 3.25% of the outstanding share capital in Class A ordinary shares to obtain Didi's smart car business unit.
- The companies agreed to explore cooperation on marketing, financial and insurance services, charging, international expansion, and autonomous ride-hailing.
- XPeng delivered 23,205 EVs in Q2, comprising an increase of 27.3% QoQ.
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| 5 | | Netherlands-based Future Proof Shipping plans to begin the conversion of a second inland container ship from diesel to a hydrogen fuel-cell system. The FPS Waal is a collaboration between FPS and Ballard Power Systems, the Port of Rotterdam, and the Zero Emissions Ship Technology Association, among other organizations. More: - The ship fuel conversion follows that of FPS' retrofit of Nike's now-hydrogen-powered H2 Barge 1.
- The ship is currently carrying products from its European Logistics Campus in Belgium and Rotterdam.
- The H2 Barge 1 has the capacity to prevent up to 2,000 metric tons of carbon dioxide emissions per year.
- The new project is funded in part by the Interreg North Sea Region program, the Flagships H2020 Project, and the Netherlands Enterprise Agency.
- The FPS Waal made its final trajectory using diesel to the Holland Shipyards Group shipyard in Wekendam, Netherlands, where the retrofit will be conducted.
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| 6 | | On Monday, EV company BYD reached an agreement to acquire electronics manufacturer Jabil's product production unit in China for $2.17B. Florida-based Jabil operated printed circuit board manufacturing in Chengdu and Wuxi through its Singapore subsidiary. More: - BYD grew its global new vehicle sales by 96% YoY to 1.25 million units in H1 2023.
- Last week, announced its plan to construct a joint electric vehicle manufacturing plant with KG Mobility in South Korea.
- Jabil stock was up 0.48% WoW but down 5.24% MoM on Friday at market close.
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- The Department of Energy allocated $37M under the Bipartisan Infrastructure Law to fund electric vehicle battery recycling, design, and transportation.
- SpaceX launched Crew-7, its eleventh mission carrying astronauts, to the International Space Station.
- Tesla received a permit to install a diner and drive-in movie theater Supercharger location in Santa Monica.
- Port Houston experienced record container volumes for July, with 344,163 TEUs.
- Tesla began adding stand-alone displays at Supercharging stations in Taiwan.
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Term of the Day Core Consumer Price Index (CPI): Core CPI measures the change in price of all items — less food and energy — for urban consumers. Question of the Week Do you share details about your salary with your coworkers? Join the conversation |
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 Aaron Crutchfield | |
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