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| 1 | | EHang announced it achieved type certification from the Civil Aviation Administration of China for its EH216-S aircraft, enabling it to begin commercial autonomous eVTOL operations. The company began its application process for certification in January 2021. More: - The validation process included testing structural strength, flame resistance, and software simulation, among other areas.
- The company performed over 40,000 test flights to check more than 450 individual test items.
- EHang has received pre-orders from Prestige Aviation in Indonesia and AirX in Japan.
- Last month, the eVTOL maker made an investment in Inx, a solid-state lithium metal battery tech company.
- $EH was up 18.71% for the day on Friday at market close.
Q: Would you ride in an autonomous eVTOL if it was commercially available in your area? Join the conversation here. |     | |
| 2 | | Vietnamese EV maker VinFast is planning to enter other Southeast Asian markets, starting in Indonesia. The automaker's CEO, Thuy Le, said the company expects to raise "a lot of capital" to fund its expansion. More: - VinFast delivered 10,027 cars and 28,220 electric mopeds in the third quarter.
- The company expects to sell between 45,000 and 50,000 vehicles for the year. Thus far, it has sold 28,727 vehicles, including 7,100 units to taxi company GSM Green and Smart Mobility, in which VinFast's founder, Pham Nhat Vuong, holds a 97% stake.
- VinFast has expressed interest in building EV factories in Indonesia and India in addition to its planned $2B facility in North Carolina.
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| 3 | | Ford and Stellantis announced furloughs in reaction to the ongoing United Auto Workers strike. The owner of Chrysler is temporarily laying off 1,340 employees. More: - On Friday, Stellantis laid off 700 employees at two plants in Indiana.
- Starting on Monday, Ford is laying off 300 employees at its Ohio transmission plant, 250 at four Michigan plants, and 12 people in Chicago.
- The total of laid-off workers at Ford is 2,480 since strikes began on Sept. 15.
- Approximately 34,000 UAW workers are on strike across General Motors, Ford, and Stellantis.
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| 4 | | Logistics software company Flexport announced it is laying off 20% of its staff (~700 employees). This follows another 20% staff reduction in January. More: - Ryan Petersen, Flexport's CEO and founder, stepped down from the role in March and was replaced with Dave Clark. In September, the company ousted Clark, with Petersen being critical of the number of hirings during the Amazon executive's tenure.
- Once back in the role, Petersen let go of 11 senior executives, including the CFO and chief commercial officer.
- Flexport said the U.S. corporate employees should work from home on Friday to see whether they will be part of the layoffs, with those in Asia having to wait until Monday to find out.
- The laid-off employees will receive nine weeks of severance pay, healthcare coverage until the end of the year, and assistance seeking new jobs.
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| 5 | | LG Energy retained its spot as the world's largest battery producer outside of China, surpassing CATL by 0.8%. LG manufactured 56.3 GWh of EV batteries this year through August, increasing by 59.7% YoY. More: - The South Korean manufacturer reached a 28.5% market share, while CATL had a 27.7% share outside of China.
- LG supplies Ford for the E-Transit and the extended-range Mustang Mach-E.
- "It seems that the EV battery market has gradually tilted towards LFP battery of which price competitiveness is higher than that of others, especially in the market of entry models where cost-effectiveness is a key," said SNE Research.
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| 6 | | The U.K. and the European Union are reportedly finalizing a deal to delay post-Brexit tariffs on electric vehicles. Barring an agreement, EVs would be subject to a 10% tariff if less than 45% of their value is local. More: - European automakers have argued that the tariffs could cost them $4.5B and benefit Chinese automakers.
- One of the reported proposals would consist of a two-year delay prior to enacting the tariffs. Germany has reportedly backed a delay; however, it has been reported that France is opposed.
- EU automakers estimate that failure to delay tariffs could reduce production to 480,000 vehicles over three years.
- "While we appreciate that efforts are being made to prevent 10% tariffs being levied on electric vehicles in just a few months, we stand by our call for a simple, medium-term solution: extend the current phase-in period for battery rules by three years," said Sigrid de Vries, ACEA director general.
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- Tesla launched an API for a future app store and third-party services.
- China set guidelines for the greenification of aviation by 2035 through the use of sustainable aviation fuels, eVTOLs, and electric and hydrogen-powered aircraft.
- Tier Mobility launched in Bristol with 2,000 e-scooters, making it the U.K.'s largest market by fleet size.
- Chinese EV company NIO announced the acquisition of a drive production plant from Stellantis' Italian auto supplier subsidiary Comau. The plant is designed to produce 1 million units.
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INSIDE TRANSPORTATION LEADERBOARD (30 DAYS) |
 | 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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