Serious Business Only

Charging

New Wireless Charging Roadway in Detroit:

• Location: A quarter-mile segment of 14th Street, west of downtown Detroit.
• Technology: Copper inductive charging coils installed beneath the street.
• Function: Charges EVs while driving, idling, or parking above the coils.
• Development: Part of Michigan Central Innovation District's goal is to advance mobility technologies.
• Future Plans: Aiming for public availability within a few years.

GM and Pilot Flying J's Nationwide Charging Network:

• Current Progress: 17 charging stations operational across 13 states.
• Expansion Plans: 25 more stations by year-end, targeting 2,000 stations in the next few years.
• Features: Plug and Charge compatibility, pull-through stalls, amenities like Wi-Fi, and food services.
• Accessibility: Locations available via GM's apps, Pilot's myRewards Plus, EVgo app, and others.
• Partnerships: Collaboration with EVgo and special offers for Hertz rental car customers.

Ford and Xcel Energy's Charging Port Initiative:

• Goal: Install 30,000 EV charging ports across the US by 2030.
• Collaboration: Part of Xcel Energy's Electric Vehicle Supply Infrastructure program.
• Coverage: Will expand in states including Michigan, Minnesota, and Texas.
• Benefits: Infrastructure support for business customers, with most upfront costs covered by Xcel.

All these automakers are investing in tubes to move electricity, but not locations to capture electricity. It's like everybody opening a coffee shop, but nobody is planting any of those sweet, sweet beans.

International

Global Car Sales Surge in November:

• DesRosiers Report: November car sales jumped 20.7% compared to last year.
• Total Sales: 138,747 new vehicles sold, with Mazda, Acura, and Toyota seeing significant gains.
• Challenges: Despite growth, sales are still below pre-pandemic levels of 143,315 in November 2019.

UK's Automotive Market Gains Momentum:

• Sales Increase: New car sales up by 9.5% in November, nearly reaching pre-pandemic levels.
• Fleet Investments: The majority of the 24,359 new BEVs sold were fleet purchases.
• SMMT Insights: Calls for VAT cuts on public EV charging and new BEVs to boost private demand.

China's Nio Reports Narrower Losses:

• Stock Performance: Nio shares rose 4% after reporting smaller-than-expected losses.
• Financials: Q3 revenue at 19.1 billion yuan, with a loss of 2.67 yuan per share.
• Market Strategy: Focus on efficiency and cost discipline amid intense competition in China's EV market.
• Future Outlook: Aims for vehicle margin between 15% and 18% in 2024.

Many of the lingering effects of 2020's problems are finally falling off the global market...just in time for 2024's problems. Y'all ready?