| |
| 1 | | Tesla launched a virtual power plant in Puerto Rico, enabling Powerwall owners to send energy to the grid. The automaker is collaborating with Sunrun and Sunova in the territory. More: - There are 75,000 Powerwall owners in Puerto Rico, where Tesla estimates a capacity of 300MW would make it the largest virtual power plant in the world.
- Tesla was approved for two systems in Texas in August. The company also began a pilot program with Transnet BW in Germany earlier this year.
- Tesla began its VPP pilot program in California in 2021 and began compensating Powerwall owners for energy through a collaboration with utility PG&E in June 2022.
- $TSLA was up 6.25% for the day and 3.73% WoW by market close on Wednesday.
|     | |
| 2 | | Ford signed a letter of intent to build a hydrogen-based version of the F-Max truck using Quantron's E-axle, battery, and fuel cell systems. The companies expect to begin building the vehicles in Q1 2024. More: - Ford had previously unveiled a prototype fuel-cell version of the F-Max truck for Europe using Ballard Power Systems' technology, which is expected to go into mass production in 2025.
- The automaker expects 100% of its heavy commercial vehicles to be emission-free by 2040.
- Ford stock was up 2.32% for the day and -7.06% WoW at market close on Thursday.
| | | |
| A message from our sponsor, Zscaler. |  | | Ransomware attacks increased by over 37% in 2023, with the average enterprise ransom payment exceeding $100,0001,2,3 with a $5.3 million average demand4
Read the 2023 ThreatLabz State of Ransomware Report to learn the latest ransomware trends based on data from the world’s largest security cloud. Dive into the metrics and discover our findings, predictions, and best practices to help inform your ransomware defense strategies.
Download the report now to explore the latest ransomware insights into: - Top 2023 ransomware attack statistics by industry and ransomware family
- The evolution of ransomware and current attack sequence
- Key ransomware trends including supply chain attacks, ransomware as a service, geo-political and law enforcement attacks, and more
- How to safeguard your organization against ransomware attacks with a zero-trust strategy
- Ransomware predictions for 2023-2024
Download Now 1. Verizon Data Breach Report 2022.
2. McAfee Labs 2022 Threat Report.
3. IBM X-Force Rhreat Intelligence Index 2022.
4. Coveware Ransomware Report. | |
|
| 3 | | Nikola is earmarking $61.8M to replace batteries in its 209 recalled trucks. "Upon further investigation, it was determined that the compromise of the battery packs was not limited to only the coolant manifold. As a result, our team has decided to replace the Romeo packs on existing customer battery-electric trucks with an alternative solution," stated the company. More: - Nikola expects to generate $13M from the remaining trucks in its inventory. The manufacturer received an order for 47 battery-electric trucks despite the recall in Q3.
- The company shut down Romeo Power in June and sold its assets to Mullen Automotive.
- Nikola, however, improved its cash to $362.8M through the sale of new shares.
- $NKLA was up 10.48% for the day and 6.42% WoW on Thursday at market close.
| | | |
| 4 | | Ford's sales for October in the U.S. were down by 5.3% to 149,938 units. The automaker's EVs and hybrid sales, however, increased by 9.1% and 37.9%, respectively. More: - Ford's ICE vehicle sales decreased by 8.8% to 129,952 units.
- The company's total was impacted by the decrease in Bronco sales by 56.03% to 4,805 units and the Transit by 21.61% to 7,755 units.
- Lincoln sales also decreased by 4.5% to 6,874 units.
- Year-to-date, however, Ford sales have increased 8.37% YoY to 1,591,695 units.
| | | |
| A message from our sponsor, hear.com. |  | | Horizon is the latest release from renowned U.S. company, hear.com, developed in collaboration with top German audio engineers. Their goal was to combine the best possible speech clarity with a comfortable, invisible design using cutting-edge German technology. The result? A hearing aid that’s gone viral across the U.S. for making conversation and hearing effortless, even in background noise—something that was unthinkable with previous generations of hearing aids. What exactly does Horizon have to offer? More than you think! - Amazing Speech Clarity™ - Effortlessly understand even with background noise, thanks to dual-processing
- Bluetooth connectivity - Stream music and phone calls directly to your hearing aids
- No expensive batteries needed, simply charge overnight for all-day wearing comfort
- Virtually invisible design - Disappears inside or behind the ear and easy to combine with glasses
- Backed by audiologists, recommended by thousands of hearing specialists across the U.S.
Click below to check if you qualify for a 45-day no-risk trial. Do yourself a favor and don’t wait. Get Started Today | |
|
| 5 | | Electric vehicles reached a market share of 91.3% in October in Norway. Vehicle sales across engine types were down 29% YoY. More: - 84.2% of the total vehicles sold in October in Norway consisted of battery-electric units, while hybrids comprised 7.1%. These compare to 77.5% and 9% for the same period in 2022.
- Year-to-date, BEVs reached an 83.5% market share.
- The Tesla Model Y is the top-selling electric vehicle, with 627 units in October and 4,571 for Q3.
- The Model Y is followed by the Skoda Enyaq, Toyota BZ4X, Volkswagen ID.4, Ford Mach-E, and the VW ID Buzz.
| | | |
| 6 | | Auto parts supplier BorgWarner is cutting its outlook for the year to a range between $14.1B and $14.3B from the previously expected $14.2B to $14.6B. The company estimates the weakening of the Chinese Yuan versus the dollar would impact its sales value by $110M. More: - Auto suppliers underwent a positive period due to a strong order backlog for the past few quarters; however, they are currently experiencing a tight labor market and higher costs.
- BorgWarner generated $1.14B in drivetrain and battery systems sales during Q3, up from $954M during the same period last year.
- Including all its segments, the company reported $3.62B in net sales, increasing by 12% YoY.
- $BWA was down 4.85% for the day and -15.73% WoW on Thursday at market close.
| | | |
| 7 | | Quick Hits: - Discounts offered by each of the big three cloud providers are complex, detailed, and full of fine print. Learn how to make the most of AWS, Google Cloud, and Azure discounts in this guide from DoiT.*
- American Airlines expanded its code-sharing offerings with Aer Lingus.
- Auto supplier Aptiv said it would be impacted by $180M in costs related to the recently concluded UAW strikes at GM, Ford, and Stellantis.
- Uber Freight CEO Lior Ron said, "Increasing fuel costs may be a tipping point for carriers operating with little to no margin." Note: Inside.com Founder and CEO Jason Calacanis is an investor in Uber.
- CRST acquired Texas-based truckload carrier BCB Transport.
- General Motors revealed it received 200,000 pre-orders for the Chevrolet Equinox EV
- Create a winning SaaS business plan and calculate your break-even point. Join the 1-Page SaaS Blueprint Challenge to map out your startup.*
*This is sponsored content. | | | |
| Upcoming Events | | NOV
8 | | Compete Week - Competitive Intelligence Summit is back: Join top GTM leaders from Salesforce, Hubspot, Apollo and more!* | | | | | | | NOV
25 | | AI in Financial Services with Saroop Bharwani | | | | | | | NOV
25 | | The Future of Fractional Work with David Berkowitz | | | | | | * This is a sponsored event | | | |
Term of the Day Advisory board: An advisory board is a group of external individuals with expertise who provide guidance, advice, and assist with growth strategies for a company. Question of the Week What's one tool or app that has significantly made your life easier at work? Join the conversation |
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 | |
| |
| |
|
| |
|
| |
Comments
Post a Comment