🎃Ford’s Frankenstein:

Happy Halloween! It’s freezing here after a 9-inch snowstorm this weekend. I hope you have a cozy night of trick or treating. In this issue, we bring you some great news on the Strike, Ford’s charging network expansion, battery swapping technology and much more.

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It's hard to find logic in things sometimes. That's why I can't analyze things too much, because it often doesn't make much sense.

-Tim Burton

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China’s BYD reported its highest quarterly earnings ever, with an 82.2% surge in net profit and a 38.5% increase in revenue, as it maintained its lead in the electric vehicle market.
A tentative labor contract with the UAW covers Ford’s U.S. operations, which aim to resume production at three plants and bring back 20,000 workers, pending ratification.
Stellantis and UAW agreed on a deal similar to Ford’s.
After six weeks of strikes, GM reached a deal with the UAW that matches Ford’s and Stellantis’ record agreements, which include 25% wage hikes and other benefits for the workers.
By adding three new charging providers and more than 10,000 new chargers, including 550 fast chargers, to its BlueOval™ Charge Network, Ford expands its North American network by 25% to over 106,000 chargers.
Ford Motor delays $12 billion in EV capacity spending.
The Sacramento Auto Show, which resumes at Cal Expo after a pandemic break, showcases electric and hybrid vehicles and offers a test track for drivers to try them out.
Using $40.5 million from President Biden’s IIJA, California will build 270 EV fast chargers at 26 highway sites.
Hyundai is building a $7.6 billion EV and battery plant in Georgia, which will employ 8,500 workers and produce 300,000 EVs annually, with a possible early opening in 2024 and production on track to begin in 2025.
GM and Honda scrapped their joint project to make cheap EVs using Ultium batteries, citing low demand and high costs, and focused on other partnerships and models.
Gogoro, a battery-swapping company, showcased its new scooters and joined MIH Consortium’s EV project at the Japan Mobility Show.