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| Here is your first 2024 🎉🎆 Transportation briefing 🎊🥳. - SpaceX 🚀 soared with 96 orbital launches in 2023.
- EV startup Canoo successfully delivered to the state of Oklahoma.
- Eurostar 🚄 halted all services due to flooded railway tunnels.
Enjoy! Robel
p/Robel-Kelkile | |
| 1 | | SpaceX announced it beat its previous annual record by completing 96 successful orbital rocket launches in 2023 (91 with Falcon 9 and 5 with Falcon Heavy) — achieving an average launch rate of one every four days. The company also set a new record for the shortest time between orbital launches and aims to ramp up its launches to 144 Falcon missions in 2024 with a focus on expanding its Starlink satellite system. More: - The company surpassed its previous annual record of 61 launches in 2022, showcasing remarkable growth in launch capabilities.
- Notably, SpaceX achieved significant milestones in rocket reusability, with 250 orbital rocket boosters landed and a single rocket launched and landed 19 times.
- Setting a new company record, SpaceX accomplished an orbital launch just under three hours after a previous launch, marking the shortest time between Florida launches since 1966's NASA mission.
- The move comes as the company's valuation surged to $180B in December.
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| 2 | | BYD, the Chinese electric car giant, beat Tesla's production for the second consecutive year, producing over 3 million new energy vehicles in 2023. BYD's sales showcased dominance in the market with a range of hybrid and battery-powered cars, while other Chinese EV companies also intensified their competition. More: - The company produced 1.6 million battery-only passenger cars and 1.4 million hybrids.
- Although total production exceeded Tesla's figures, Tesla still has the lead in battery-only vehicles.
- Tesla announced on Tuesday that it built 1.84 million vehicles in 2023.
- BYD made strides in overseas markets, surpassing 242,000 new energy passenger vehicle sales in 2023, aiming for further European expansion.
- The company's plans to build a new production center in Hungary could signify a strategic move to establish manufacturing facilities beyond China, aligning with a long-term strategy to succeed globally.
- The Chinese electric vehicle market continues to witness fierce competition and expansion, with companies vying for dominance within China and internationally, aiming to establish a stronger foothold in the global EV landscape.
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| 3 | | In December, SUV sales surged in India, while sales of small cars declined despite significant discounts. The move comes primarily due to inflation affecting entry-level vehicle demand. More: - Maruti Suzuki and Mahindra & Mahindra, India's largest SUV suppliers, saw YoY domestic SUV sales growth of 24% and 39%, respectively, showcasing a significant rise in demand for these larger vehicles.
- Mahindra, with models like Thar, Scorpio, and XUV, experienced consecutive months of record-breaking sales in the SUV category throughout 2023, with consistent growth ranging from 20% to 57%.
- SUVs constituted a more significant proportion of Maruti's domestic passenger vehicle sales, increasing from 22% to 36% this fiscal year while representing nearly all of Mahindra's PV sales.
- While automakers traditionally offer discounts at year-end, Maruti had to cut prices on its lower-priced models by 40% to 45% due to subdued demand for entry-level vehicles.
- Maruti witnessed a significant 29% decline in sales of small cars like the Alto and Baleno, partly due to the brand moderating wholesales, indicating a strategic adjustment in their sales approach.
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| 4 | | Amtrak services were disrupted by server problems on New Year's Eve, causing cancellations and delays along the Northeast Corridor. While service was eventually restored, residual delays persisted, impacting commuters and other transit agencies. More: - The problems affected major cities like New York City, Washington, Boston, and Albany, leading to cancellations and prolonged delays.
- While the Metropolitan Transportation Authority reported no severe delays, NJ Transit suspended Northeast Corridor rail service between Trenton and New York Penn Station for several hours, diverting trains to Hoboken and causing residual delays.
- NJ Transit trains eventually resumed near-scheduled services with some lingering delays despite efforts to manage the situation.
- The disruptions occurred as hundreds of thousands of people flocked to Times Square to ring in the new year, relying on public transportation, amplifying the inconvenience caused by the service disruptions.
- Similar issues were experienced on Saturday night into Sunday morning, with Amtrak and NJ Transit delays due to signal problems, impacting services in and out of Penn Station.
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| 5 | | EV startup Canoo completed the delivery of the first three Oklahoma-built Lifestyle Delivery Vehicles (LDVs) to different state offices. The move marked a milestone in the state's vehicle manufacturing resurgence and modernization efforts. More: - The state of Oklahoma purchased these LDVs for $119,850 in total in a move to enhance the state fleet's efficiency and environmental impact.
- Canoo delivered one to OMES, another to ODOT, and the third to the Department of Corrections.
- The LDVs were manufactured at Canoo's Oklahoma City factory, utilizing battery modules from their Pryor facility.
- Lt. Gov. Matt Pinnell emphasized Canoo's significant economic impact, creating over 1,300 jobs in Oklahoma, fostering innovation, and marking a collaborative partnership between the state and the EV company.
- Canoo's larger agreement with the state suggested a potential delivery of up to 1,000 vehicles.
- Beyond the Oklahoma deliveries, Canoo has supplied vehicles to the U.S. Army and secured a contract with NASA to deliver LDVs to the Kennedy Space Center.
- The stock is down 97% since its SPAC listing in 2020.
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| 6 | | Eurostar, responsible for train services between Britain and Europe, canceled all routes due to flooded railway tunnels, impacting travel between London, Paris, Brussels, and Amsterdam during the New Year period. The closure near London's Ebbsfleet International station in Kent, southern England, caused distress for travelers, while severe weather warnings across the U.K. compounded travel challenges. More: - The cancellation occurred amid heavy snow and rain, prompting the U.K.'s Meteorological Office to issue yellow weather warnings for various regions.
- Southwestern Railways, another U.K. train operator, also canceled its high-speed services to and from London's St. Pancras International Station, adding to the broader disruption in train services.
- On Sunday evening, Eurostar announced that services would resume according to schedule, indicating that "at least one tunnel is now operational."
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- According to a filing with the Hong Kong Stock Exchange on Monday, the proposed share sale agreement between China Evergrande New Energy Vehicle Group, a division of real estate firm China Evergrande, and U.S.-listed NWTN has expired.
- Li Auto, a Chinese car company, is anticipated to unveil its inaugural fully electric vehicle in March.
- The New Mexico Department of Transportation announced a budget of $59M to address rural highway conditions.
- Transit ridership in Raleigh, North Carolina, continued to fall behind pre-pandemic levels.
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 | Writer | | Born and raised in the Bay Area, Robel Kelkile is passionate about all things tech, venture, and financial education. He has previously served both universities and state governments in their engagement strategy and tracking legislation. | | This newsletter was edited by Aaron Crutchfield | |
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