Hyundai has reportedly shut down its internal combustion engine development team, transferring 12,000 employees to work on electric powertrains. Hyundai's targets include 30% of sales to come from zero-emission vehicles by 2040. More: - Hyundai has a target of 80% of its total fleet sales to be battery and fuel cell electric vehicles by 2040.
- The automaker plans to end sales of ICE vehicles in Europe by 2035 and reach carbon neutrality by 2045.
- Hyundai, along with BMW, Honda, Nissan, Volkswagen, and Toyota, is among the automakers that have not signed the industry pledge to phase out fossil-fuel vehicles by 2040.
| |
More than 2,000 flights have been canceled since Dec. 24 as airlines claim staffing shortages due to the Omicron variant. Dec. 26 alone had 1,500 flight cancellations. More: - On Monday, United Airlines canceled 4% of its mainland schedule, consisting of 87 flights, while Delta canceled 64 and Alaska Airlines 98 flights.
- According to Flightaware, there was an 11% decrease in global flight activity compared to the previous seven days.
- The Transportation Security Association screened over 13.6 million people last week, 15% fewer than the same time period in 2019.
| |
 A message from SEEDINVEST The next era of fundraising online is here SeedInvest is where high-growth startups go to fundraise online. From a Seed round to a $20M+ Series B, founders in SaaS, consumer, robotics, and more are harnessing the power of equity crowdfunding to take their company to the next level. Here’s what 250+ successfully funded companies know about SeedInvest: - Equity crowdfunding is complementary to traditional VC - SeedInvest companies have received follow-on funding from Greycroft, Menlo Ventures, Tiger Global, and more.
- Your fundraise can be a major growth catalyst - We’ve seen measurable lifts in sales, signups, and press mentions from the moment some companies launch their fundraise.
- You can raise real capital from real people - No longer just for small deals, the average SeedInvest fundraise last year was $3M+.
Ready to begin fundraising? 💸💻 Start your application
| |
The National Highway Traffic Safety Administration has begun an analysis of 3 million vehicles to determine the effectiveness of recalls by Hyundai and Kia over engine fires. The agency had initiated investigations in 2019 on non-crash fire instances involving the 2011 to 2014 models of the Kia Sorento and Optima, the 2010-2015 Kia Soul, and the 2011 to 2014 versions of the Hyundai Sonata and Santa Fe. More: - In Nov. 2020, Hyundai accepted a civil penalty fee of $140M, including an upfront payment of $54M, over its reluctance to issue a recall for a separate issue, in which a manufacturing defect led to engine failures. The settlement included the obligation to spend $40M on safety measures.
- Kia's penalty included $70M, including $27M upfront and $16M on safety performance measures.
- "It's critical that manufacturers appropriately recognize the urgency of their safety recall responsibilities and provide timely and candid information to the agency about all safety issues," said NHTSA Deputy Administrator James Owens.
Zoom Out: - In 2014, Hyundai settled with the NHTSA for $17.35M over the delayed recall of 43,500 Genesis vehicles over a brake defect.
- Hyundai is currently recalling 2,679 Ioniq vehicles, versions from 2017 to 2019, over unintended acceleration.
| |
 Plug-in electric vehicle sales in China surpassed 400,000 monthly units for the first time in November. 413,094 new passenger plug-in electric vehicles were registered, a 106% YoY increase. More: - The total sales market share for electric vehicles in China reached 19%, of which 4% are plug-in hybrid vehicles.
- The top electric vehicle sales for November in China include the Wuling Hong Guang Mini with 40,395 units, the Tesla Model Y with 23,117, BYD's Qin Plus PHEV with 18,054, the Song Pro/Plus PHEV with 15,097, and the Li Xiang One with 13,485.
- Year-to-date, the passenger electric vehicles with the most sales are the Wuling Hong Guang Mini with 368,396 units, the Tesla Model Y with 129,353, and the Tesla Model 3 with 120,912.
| |
 A message from MALWAREBYTES Secure success for the holidays with AI-powered cyberprotection. Did you know that ransomware attacks are surging - especially around the holiday season? Remote workforces have amplified security concerns for businesses. Remote workforces make easy targets for cybercriminals. - 1 out of 5 businesses experienced a remote-worker related security breach
- 28% of people admitted using their personal device for work more than their work-issued device
Secure success for the holidays Prepare your team—and all the devices they use—against ransomware, security breaches, and other cyberattacks with easy-to-use tools designed for small businesses. Outsmart cyberattacks and avoid downtime with Malwarebytes Endpoint Detection and Response with 72-hour ransomware rollback recovery. Get started today with a 25% off your first year during our Winter Cyber Sale. Learn More
| |
 France-based MoonBikes revealed its plans to release its electric snow bike in the U.S. The company is working on producing 400 vehicles for the U.S. and European markets. More: - The MoonBike has a maximum range of 1.5 hours with a single battery on eco mode. The vehicle has the option for dual removable batteries and has a resistance to temperatures down to -13°F.
- The snow transporter has a top speed of 26 mph. It has a maximum payload of 264 pounds, including the driver.
- The MoonBike is able to ride on slopes of up to 40 degrees and on terrain with up to ~12 inches of snow accumulation.
| |
Twenty-five ports in 19 states received part of a $241M grant through the Maritime Administration's Port Infrastructure Development Program. The program had previously granted $492M for 32 projects in its first two years. More: - The new funds include $52.3M for the Port of Long Beach for a 10,000-foot support track extension of its east and west railyards. The port expects the project to increase cargo movement by 28% to 35%.
- $29.5M was assigned to the development of offshore wind projects at the Port of Albany, New York, and $20M for Portsmouth, Virginia.
- The Port of Houston received $18.3M to develop a 39-acre green space at the Bayport Container Terminal.
- The Port of Oakland was granted $5.2M to replace an electrical substation, which will include a fuel-cell facility and a solar array with battery storage.
| |
Quick Hits: - Spend less time fundraising and more time building your business. Apply now to get started.*
- Arrival began testing its electric bus in the U.K.
- Rivian delayed the delivery of the Max battery pack for its R1T pick-up trucks until 2023.
- Vehicle production in Japan increased 43.1% month-over-month in November.
- Air Lease Corporation ordered 116 planes from Airbus.
- UPS plans to raise air and ground fuel surcharges between 8% and 10% on Jan. 3.
- FedEx introduced cargo e-bikes for deliveries in Cambridge, Edinburgh, and Glasgow, U.K.
- The U.K. extended its shared e-scooter trial program until Nov. 2022.
- Bangkok plans to introduce electric moped scooter taxis.
*This is sponsored content.
| |
Upcoming events at Inside: - December 29 - Need to Know NoCoder - David Siegel (CEO - Glide) (Register Here)
- January 04 - Venturing in VC with Landon Campbell (Episode #1) (Register Here)
- January 05 - DAOs and the intersection of tech & media with Kinjal Shah (Blockchain Capital) (Register Here)
- January 06 - Augmented and Virtual Reality with Timoni West (VP of AR/VR at Unity) (Register Here)
- January 11 - The Business of Interactive Gambling with Jon Kaplowitz (Penn) (Register Here)
- January 13 - Education within the Metaverse with Steve Grubbs (VictoryXR) (Register Here)
- January 25 - Need To Know NoCoder - Leon Young (Cogniss) (Register Here)
- January 27 - Understanding the Metaverse (Register Here)
- February 03 - Blockchain Gaming & Play-to-Earn Economies (Register Here)
- February 10 - The Business of Wellness (Register Here)
- February 17 - Customer Acquisition in a post iOS 14 world (Register Here)
- February 23 - Need to Know NoCoder: Derya Sousa (Kianda Technologies) (Register Here)
- February 24 - Alternative Investments (Register Here)
- March 03 - The $12B Appetite for Amazon Aggregators (Register Here)
| |
 |  | Written and curated by Nicolas Saravia, an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped start-ups. |  | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
SeedInvest is the online fundraising platform designed for growth-obsessed startups. Raise from our network of 575,000+ investors. | |
| |
Comments
Post a Comment