🚗Fisker Reports, Lucid Reports, Fisker Unveils, etc…

If you are interested in electric vehicles, you will love today’s EV newsletter, where we cover the latest news and developments in the EV industry. Here is a sneak peek of what’s ahead in our next edition:

Fisker’s Q2 results
Lucid’s Q2 revenue
Fisker’s future vehicle lineup
Vietnam’s EV market growth
Lucid’s price reduction

All this and so much more. Don’t miss this opportunity to stay updated on the EV world. Make sure you’re subscribed and get ready to be electrified in five minutes or less!

“Do the best you can until you know better. Then when you know better, do better!”

-Maya Angelou

Top 10 EV/AV News Stories

Fisker produced and delivered 1,022 Ocean SUVs in Q2 2023, but lowered its 2023 outlook to 20,000-23,000 units due to supplier issues, and unveiled four new EV models for 2026 (see link below).
Lucid Group reported Q2 revenue of $150.9 million from 1,404 vehicle deliveries, achieved key milestones including partnerships with Aston Martin and increased production capacity, and ended the quarter with approximately $6.25 billion in total liquidity, signaling progress towards its 2023 production target and the launch of new products in the second half of the year.
A sustainable all-electric vehicle lineup through 2026 has been introduced by Fisker, featuring the Ronin, PEAR, Alaska, and Fisker Ocean with Force E off-road package.
The electric vehicle market in Vietnam is anticipated to experience rapid expansion as passenger EV sales are projected to double this year to around 18,000 units, driven by factors such as increased VinFast vehicle deliveries and the introduction of affordable China-made EVs.
The reinstatement of "original pricing across the full air lineup," was recently announced by Lucid, lowering the prices of two vehicles below $100,000, with the Air Grand Touring now priced at $125,600 (down from $154,000), the Air Touring at $95,000 (down from $107,400), and the Air Pure at $82,400 (down from $87,400), marking the company's first price reduction since raising prices in May 2022.
Stellantis plans to introduce a budget-friendly electric vehicle inspired by the Fiat Panda in July 2024. Priced under $29,500, it is meant to compete with Renault's Dacia Spring and address the demand for more affordable EV options in the market.
Technology startup, InductEV, based in King of Prussia, has opened a research and development laboratory for its wireless charging devices aimed at large electric vehicles, with plans to expand its infrastructure nationwide, utilizing a magnetic transmitter and receptor technology to allow EVs to charge while in motion, particularly benefiting public transit operators.
The BYD Atto 3, also known as the BYD Yuan Plus, outsold the Tesla Model Y in Sweden in July, becoming the best-selling electric vehicle in the country for the month and highlighting increasing competition from Chinese automakers in Europe's EV market.
The European Commission has approved $1.76 billion in funding under EU State aid rules for ProLogium Technology's 'Prometheus' project, which aims to develop advanced solid-state batteries for electric vehicles and establish a gigafactory in Dunkirk, France, with the goal of advancing battery technology and contributing to achieving Net Zero in the region.
WattEV plans to establish the largest electric vehicle charging facility in the U.S. near Sacramento International Airport, featuring 120 chargers, 30 for passenger vehicles and 90 for commercial electric trucks, powered by solar and utility-supplied energy, aiming to advance the transition to zero emissions in the trucking industry.
Acura is unveiling the all-electric 2024 ZDX during Monterey Car Week, featuring design cues from the Acura Precision EV Concept, integrated Google technology, and a collaboration with Bang & Olufsen for luxury audio, with both ZDX and ZDX Type S models available for sale in early 2024.
NextStar Energy is initiating hiring for a large electric vehicle battery plant in Windsor, Ontario set to increase production capacity to 49 gigawatt hours, generate batteries for 500,000 vehicles per year, and create 2,200 jobs at full capacity.