Tesla Is Netflix - Shortseller

(MENAFN- ValueWalk) ElasticComputeFarm / Pixabay

Stanphyl Capital's commentary for the month ended April 30, 2021, discussing their short position in Tesla Inc (NASDAQ:TSLA).

We remain short the biggest bubble in modern stock market history, Tesla Inc. (TSLA) which, despite a steadily sliding share of the world's EV market and a share of the overall auto market that's only around 1.5%, has a market cap roughly equal to the next 20 largest automakers combined. Here's why we remain short Tesla:

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• Tesla has no“moat” of any kind; i.e., nothing meaningfully proprietary in terms of its electric car technology (which has now been surpassed by numerous competitors), while existing automakers—unlike Tesla­—have a decades-long“experience moat” of knowing how to mass-produce, distribute and service high-quality cars consistently and profitably.
• Excluding working capital benefits and sunsetting emission credit sales Tesla generates barely any free cash flow.
• Growth in sequential unit demand for Tesla's cars is at a crawl relative to expectations.
• Elon Musk is a pathological liar.

• 1. Tesla Is Netflix
• 2. Hype From Tesla Bulls
• 3. Tesla Build Quality Remains Awful
• 4. So Here Is Tesla's Competition In Cars…
• 5. And in China…
• 6. Here's Tesla's Competition In Autonomous Driving...
• 7. And Here's Tesla's Competition In Storage Batteries...

For years I've said“Tesla is Blackberry” —the maker of a first-generation version of a product that—once the market was proven—would be supplanted into niche obscurity by newer, better versions; now I can provide a much more recent analogy: Tesla is Netflix. For years Netflix had an absurd valuation based on its pioneering position in streaming media, but once it proved that such a market existed myriad competitors swarmed all over it, and in April the stock collapsed when we learned that not only is Netflix no longer in“hypergrowth” mode but for the first time since 2011 (when it transitioned from physical DVDs) it actually lost subscribers. I believe Musk knows that Tesla is“the next Netflix” (hence his recent“Twitter buying distraction”), with VW, Hyundai/Kia, Ford, GM, BMW, Mercedes, BYD & other Chinese competitors and, in a few years, Toyota & Honda, being the Disney, HBO Max, Amazon Prime, Peacock, Hulu, Paramount +, etc., of the electric car market, stealing Tesla's share and eventually pounding its stock price down 95% or so from today's, into the valuation of“just another car company.”

In fact, in April Tesla reported that Q1 deliveries were sequentially nearly flat (just 1398 additional cars, a gain of just 0.45%) vs. the previous quarter , and even that was only“achieved” by a sneaky redefinition by Tesla of what“a delivery” is. Yes, the company is chip-constrained, but its competitors (who, unlike Tesla, are unwilling to delete safety equipment or use untested chips to maintain production) are even more constrained, and in fact waiting times are longer for Tesla's direct EV competitors than they are for a Tesla; for instance, Ford's Mustang Mach-E is so in demand that it has even halted additional orders for the 2022 model year. (Current annual Mach-E production capacity is around 65,000 for the U.S. & Europe and tens of thousands more for China, but in 2023 U.S. & European capacity will expand to 200,000 .) The worst thing that can possibly happen to“the Tesla story” will be when its German and Texas plants are fully operational and the subsequent excess capacity stares the world right in the face, thereby ending its myth of“unlimited demand” (especially at current, drastically-raised prices, where the cheapest Model 3 now starts at $47,000 and the cheapest Model Y begins at $63,000); in fact, look for margin-destroying price cuts by late this year or early 2023.

Meanwhile, the“record” profits that accompanied Q1's nearly flat delivery number were obtained via myriad one-time items, including $679 million of emission credit sales that will disappear over the next year or two as every automaker ramps up its EV sales, a mysterious $502 million reduction in SG&A expense (of which only $140 million was due to reduced stock comp) despite opening new factories in Germany and Texas (what is Tesla capitalizing instead of expensing???) and a combination of FIFO accounting and multiple sticker price increases that allowed Tesla to expense rapidly rising raw materials costs at older, lower prices while selling cars built from those materials at new, considerably higher prices. Adjusting for these factors, Tesla had GAAP earnings for the quarter that were at least $1/share lower than the posted $2.86, and annualizing that realistic $1.86/share to $7.44 means that at April's closing price Tesla (on a no-growth quarter) had a PE ratio of around 117 vs. an industry-wide figure of less than 10. (Also, Tesla's Q1 free cash flow was only around $1.8 billion, a drop of almost $1 billion vs. the previous quarter, despite a massive increase in net accounts payable.)

And for those of you who think that Tesla is“really an energy company,” in Q1“Tesla Energy” had revenue of just $616 million (down 10.5% sequentially) and cost of revenue of $688 million, meaning it had a negative gross margin. So if Tesla is“really an energy company,” it's even more screwed than if it's just a car company!

Meanwhile, many Tesla bulls sincerely believe that ten years from now the company will be twice the size of Volkswagen or Toyota, thereby selling around 20 million cars a year (up from the current run-rate of around 1.3 million); in fact in March Musk himself even raised this as a possibility . To illustrate how utterly absurd this is, going from 1.3 million cars a year today to 20 million in ten years means that in addition to one million cars a year of eventual production from the new German and Texas factories, Tesla would have to add 35 more brand new 500,000 car/year factories with sold out production; i.e., a new factory nearly every single quarter for ten years! And what then? Well, then you'd have a car company approximately twice the size of Toyota (current market cap: $239 billion) or Volkswagen (current market cap: $97 billion). If that would make Tesla worth, say, $500 billion in 10 years, discounting that back at 15%/year and allowing for enough share dilution to pay for all those factories, Tesla—in that absurdly optimistic scenario—would be worth just $100/share today, down almost 90% from its current price. (To be clear, I think it's going much lower than that!)

Another favorite hype story from Tesla bulls has been“the China market,” but Tesla's Q1 2022 domestic China sales sequentially declined by approximately 8000 units vs. Q4 2021, and it had only around 1.9% of the overall Chinese passenger vehicle market and just 11% of the BEV market.

Meanwhile, as Tesla continues to sell its fraudulent & dangerous so-called“Full Self Driving” the head of that program recently took a four-month sabbatical ; the last major Tesla executive who did that (Doug Field) never returned . In a sane regulatory environment Tesla, having sold this garbage software for over five years now…

…would be prosecuted for“consumer fraud,” and indeed the regulatory tide may finally be turning, as two U.S. senators continue to question its safety and last year the NHTSA appointed a harsh critic of this deadly product to advise on its regulation. (For all known Tesla deaths see here .) Are major write-downs and refunds on the way, killing the company's slight“claimed profitability”? Stay tuned!

Meanwhile, Guidehouse Insights continues to rate Tesla dead last among autonomous competitors:

Another favorite Tesla hype story has been built around so-called“proprietary battery technology.” In fact though, Tesla has nothing proprietary there—it doesn't make them, it buys them from Panasonic , CATL and LG , and it's the biggest liar in the industry regarding the real-world range of its cars. And if new-format 4680 cells enter the market some time in 2024 (as is now expected ), even if Tesla makes some of its own, other manufacturers will gladly sell them to anyone .

Meanwhile, Tesla build quality remains awful (it ranks second-to-last in the latest Consumer Reports reliability survey ) while the latest survey from British consumer organization Which? found it to be one of the least reliable cars in existence. And Tesla's worst-rated Model Y faces current (or imminent) competition from the much better built electric Audi Q4 e-tron , BMW iX3 , Mercedes EQB , Volvo XC40 Recharge, Volkswagen ID.4 , Ford Mustang Mach E , Nissan Ariya , Hyundai Ioniq 5 and Kia EV6 . And Tesla's Model 3 now has terrific direct“sedan competition” from Volvo's beautiful Polestar 2 , the great new BMW i4 and the premium version of Volkswagen's ID.3 (in Europe), plus multiple local competitors in China.

And in the high-end electric car segment worldwide the Audi e-tron (substantially improved for 2022! ) and Porsche Taycan outsell the Models S & X (and the newly updated Tesla models with their dated exteriors and idiotic shifters & steering wheels won't change this), while the spectacular new Mercedes EQS , Audi e-Tron GT and Lucid Air make the Tesla Model S look like a fast Yugo, while the extremely well reviewed new BMW iX and Mercedes EQS SUV does the same to the Model X.

And oh, the joke of a“pickup truck” Tesla previewed in 2019 (and still hasn't shown in production-ready form) won't be much of“growth engine” either, as it will enter a dogfight of a market ; in fact, Ford's terrific 2022 all-electric F-150 Lightning now has over 200,000 retail reservations (plus many more fleet reservations), GM has introduced its fantastic 2023 electric Silverado with over 110,000 reservations and Rivian's pick-up has gotten excellent early reviews .

Regarding safety, as noted earlier in this letter, Tesla continues to deceptively sell its hugely dangerous so-called“Autopilot” system, which Consumer Reports has completely eviscerated ; God only knows how many more people this monstrosity unleashed on public roads will kill despite the NTSB condemning it. Elsewhere in safety, the Chinese government forced the recall of tens of thousands of Teslas for a dangerous suspension defect the company spent years trying to cover up , and now Tesla has been hit by a class-action lawsuit in the U.S. for the same defect. Tesla also knowingly sold cars that it knew were a fire hazard and did the same with solar systems , and after initially refusing to do so voluntarily, it was forced to recall a dangerously defective touchscreen . In other words, when it comes to the safety of customers and innocent bystanders, Tesla is truly one of the most vile companies on Earth. Meanwhile the massive number of lawsuits of all types against the company continues to escalate.

(note: these links are regularly updated)

• Porsche Taycan
• Porsche Taycan Cross Turismo
• Porsche Macan Electric SUV Officially Coming in 2023
• Volkswagen ID.3
• Volkswagen ID.4 Electric SUV
• Volkswagen unveils ID.6 SUV EV in China
• Volkswagen ID.Buzz electric van
• Volkswagen ID Vizzion confirmed - answer to the Tesla Model 3
• VW's Cupra Born
• Volkswagen unveils $7.1B commitment to boost product line-up, R&D, mfg in N. America
• Audi e-tron
• Audi e-tron Sportback
• Audi E-tron GT
• Audi Q4 e-tron
• Audi Q6 e-tron confirmed for 2022 launch
• 2022 Audi A6 e-tron set to take on Tesla
• Audi will expand EV lineup with electric A6 wagon
• Audi TT to be axed in 2023 for 'emotional', electric replacement
• Hyundai Ioniq 5
• Hyundai Ioniq 6 Will Be a Slick-Looking EV Sedan
• Hyundai Kona Electric
• Genesis reveals their first EV on the E-GMP platform, the electric GV60 crossover
• Genesis Electrified GV70 Revealed With 483 Horsepower And AWD
• Kia Niro Electric: 239-mile range & $39,000 before subsidies
• Kia EV6: Charging towards the future
• Kia EV9 to land in US in 2023 with 300-miles range, $50,000 price
• Kia EV4 on course to grow electric SUV range
• Jaguar's All-Electric i-Pace
• Jaguar to become all-electric brand; Land Rover to Get 6 electric models
• Daimler will invest more than $47B in EVs and be all-electric ready by 2030
• Mercedes EQS: the first electric vehicle in the luxury class
• 2023 Mercedes EQS SUV Is a Seven-Seat EV Flagship with up to 536 HP
• 2023 Mercedes EQE Electric Sedan
• Mercedes EQE SUV to rival BMW iX and Tesla Model X
• Mercedes EQC electric SUV available now in Europe & China
• Mercedes-Benz Launches the EQV, its First Fully-Electric Passenger Van
• Mercedes-Benz EQB Makes Its European Debut, US Sales Confirmed
• Mercedes-Benz unveils EQA electric SUV with 265 miles of range and ~$46,000 price
• Ford Mustang Mach-E Available Now
• Ford F-150 Lightning electric pick-up available 2022
• Ford set to launch 'mini Mustang Mach-E' electric SUV in 2023
• Ford to launch 7 EVs in Europe in big electric push
• Ford unveils Lincoln Star electric SUV concept as it readies to add four new EVs by 2026
• Volvo Polestar 2
• Polestar 3 will hit U.S. market in Q1 2023
• Volvo XC40 Recharge
• Volvo C40 Recharge
• Polestar 3 will be an electric SUV that shares its all-new platform with next Volvo XC90
• Chevrolet Bolt sedan, 259-mile range starting at $31,000
• Chevrolet Bolt EUV electric crossover
• Cadillac All-Electric Lyriq Available Spring 2022
• GMC 2022 ALL-ELECTRIC SUPERTRUCK HUMMER EV
• GM's 2023 electric Silverado pickup truck
• GMC to launch electric Hummer SUV in 2023
• GM announces electric versions of the 2023 Chevy Equinox & Blazer SUVs starting @ $30,000
• GM Launches BrightDrop to Electrify the Delivery of Goods and Services
• GM & Honda Will Codevelop Affordable EVs Targeting Most Popular Vehicle Segments
• Honda pours $40 billion into electrification, targets 2 million EV production by 2030
• BMW leads off EV offensive with iX3
• BMW expands EV offerings with iX tech flagship and i4 sedan
• BMW i7 EV, with 600 hp, will be most powerful variant of new 7 Series flagship
• 2022 BMW iX1 electric SUV spied
• Renault-Nissan alliance plows $26B into EV blitz- will jointly launch 35 new EVs
• GM Will Have 12 Electric Vehicles Soon, Releases Details on Them
• GM Will Have 12 Electric Vehicles Soon, Releases Details on Them
• GM Will Have 12 Electric Vehicles Soon, Releases Details on Them
• GM Will Have 12 Electric Vehicles Soon, Releases Details on Them
• GM Will Have 12 Electric Vehicles Soon, Releases Details on Them
• Nissan vows to hop back on EV podium with Ariya
• Nissan LEAF e+ with 226-mile range is available now
• Nissan Unveils $18 Billion Electric-Vehicle Strategy
• Renault upgrades Zoe electric car as competition intensifies
• Renault Dacia Spring Electric SUV
• Renault to boost low-volume Alpine brand with 3 EVs
• Renault's electric Megane will debut new digital cockpit
• Stellantis promises 'heart-of-the-market SUV' from new, 8-vehicle EV platform
• Chrysler to go all-EV by 2028
• Alfa Romeo's First Electric Car Will Arrive in 2024
• Peugeot e-208
• PEUGEOT E-2008: THE ELECTRIC AND VERSATILE SUV
• Peugeot 308 will get full-electric version
• Subaru shows off its first electric vehicle, the Solterra SUV
• Citroen compact EV challenges VW ID3 on price
• Rivian R1T Is the Most Remarkable Pickup We've Ever Driven
• Maserati going fully electric by 2030 -all vehicles will offer a BEV version by 2025
• Mini Cooper SE Electric
• Toyota's Electric bZ4X Goes On Sale in Spring 2022
• Toyota will have lineup of 30 full EVs by 2030; Lexus will be all-electric brand
• Honda and Sony to build, sell EVs by 2025
• Opel sees electric Corsa as key EV entry
• 2021 Vauxhall Mokka revealed as EV with sharp looks, massive changes
• Skoda Enyaq iV electric SUV offers range of power, battery sizes
• Electric Skoda Enyaq coupe to muscle-in on Tesla Model 3
• Skoda plans small EV, cheaper variants to take on French, Korean rivals
• Nio to launch in five more European countries after Norway
• BYD will launch electric SUV in Europe
• The Lucid Air Achieves an Estimated EPA Range of 517 Miles on a Single Charge
• Bentley will start output of first full EV in 2025
• All-electric Rolls-Royce Spectre to launch in 2023 – firm to be EV-only by 2030
• Aston Martin will build electric vehicles in UK from 2025
• Meet the Canoo, a Subscription-Only EV Pod Coming in 2021
• Two new electric cars from Mahindra in India; Global Tesla rival e-car soon
• Former Saab factory gets new life building solar-powered Sono Sion electric cars
• Foxconn aims for 10% of electric car platform market by 2025

• How VW Group plans to dominate China's EV market
• VW Goes Head-to-Head With Tesla in China With New ID.4 Crozz Electric SUV
• Volkswagen's ID.3 EV to be produced by JVs with SAIC, FAW in 2021
• 2022 VW ID.6 Revealed With Room For Seven And Two Electric Motors
• China-built Audi e-tron rolls off production line in Changchun
• Audi Q2L e-tron debuts at Auto Shanghai
• Audi will build Q4 e-tron in China
• Audi Q5 e-tron Confirmed For China
• Audi in cooperation company for local electric car production with FAW
• FAW Hongqi starts selling electric SUV with 400km range for $32,000
• FAW (Hongqi) to roll out 15 electric models by 2025
• BYD goes after market left open by Tesla with four cheaper models for budget-conscious buyers
• BYD said to launch premium NEV brand 'Dolphin' in 2022
• Top of Form
• Bottom of Form
• Daimler & BYD launch DENZA electric vehicle for the Chinese market
• Geely announces premium EV brand Zeekr
• Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars
• Mercedes styled Denza X 7-seat electric SUV to hit market
• Mercedes 'makes mark' with China-built EQC
• BMW, Great Wall to build new China plant for electric cars
• BAIC Goes Electric, & Establishes Itself as a Force in China's New Energy Vehicle Future
• BAIC BJEV, Magna ready to pour RMB2 bln in all-electric PV manufacturing JV
• Toyota partners with BYD to build affordable $30,000 electric car
• Ford MUSTANG MACH-E ROLLS OFF ASSEMBLY LINE IN CHINA FOR LOCAL CUSTOMERS
• Lexus to launch EV in China taking on VW and Tesla
• GAC Aion about to start volume production of 1,000-km range AION LX
• GAC Toyota to ramp up annual capacity by 400,000 NEVs
• GAC kicks off delivery of HYCAN 007 all-electric SUV
• Nio – Ready For Tomorrow
• Nio steps up plans for mass-market brand to compete with VW, Toyota
• Xpeng Motors sells multiple EV models
• SAIC-GM to build Ultium EV platform in Wuhan
• Chevrolet Menlo Electric Vehicle Launched in China
• Buick Introduces New VELITE 6 EV with Extended Range
• Buick Velite 7 EV And Velite 6 PHEV Launch In China
• Dongfeng launches the all-electric Voyah 
• PSA to accelerate rollout of electrified vehicles in China
• SAIC, Alibaba-backed EV brand IM begins presale of first model L7
• Hyundai Motor Transforming Chongqing Factory into Electric Vehicle Plant
• Polestar said to plan China showroom expansion to compete with Tesla
• Jaguar Land Rover's Chinese arm invests £800m in EV production
• Renault reveals series urban e-SUV K-ZE for China
• Renault & Brilliance detail electric van lineup for China
• Renault forms China electric vehicle venture with JMCG
• Honda plans China EV plant to expand lineup
• GAC Honda launches pure electric car brand 'e:NP'
• Geely launches new electric car brand 'Geometry' – will launch 10 EVs by 2025
• Geely, Foxconn form partnership to build cars for other automakers
• Fiat Chrysler, Foxconn Team Up for Electric Vehicles
• Baidu to create an intelligent EV company with automaker Geely
• Leapmotor starts presale of C11 electric SUV on Jan. 1 2021
• Changan forms subsidiary Avatar Technology to develop smart EVs with Huawei, CATL
• WM Motors/Weltmeister
• Chery
• Seres
• Enovate
• China's cute Ora R1 electric hatch offers a huge range for less than US$9,000
• Singulato
• JAC Motors releases new product planning, including many NEVs
• Seat to make purely electric cars with JAC VW in China
• Iconiq Motors
• Hozon
• Aiways
• Skyworth Auto
• Youxia
• CHJ Automotive begins to accept orders of Leading Ideal ONE
• Infiniti to launch Chinese-built EV in 2022
• Human Horizons
• Chinese smartphone giant Xiaomi to launch electric car business with $10 billion investment
• Lifan Technology to roll out three EV models with swappable batteries in 2021

• Waymo ranked top & Tesla last in Guidehouse leaderboard on automated driving systems
• Tesla has a self-driving strategy other companies abandoned years ago
• Fiat Chrysler, Waymo expand self-driving partnership for passenger, delivery vehicles
• Waymo and Lyft partner to scale self-driving robotaxi service in Phoenix
• Jaguar and Waymo announce an electric, fully autonomous car
• Renault, Nissan partner with Waymo for self-driving vehicles
• Geely's Zeekr, Waymo partner on autonomous ride-hailing vehicle for the U.S. market
• Volvo, Waymo partner to build self-driving vehicles
• Volvo Cars' unsupervised autonomous driving feature Ride Pilot to debut in California
• Cruise and GM Team Up with Microsoft to Commercialize Self-Driving Vehicles
• Cadillac Super Cruise™ Sets the Standard for Hands-Free Highway Driving
• Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle
• Honda launching Level 3 autonomous cars
• Volkswagen moves ahead with Autonomous Driving R&D for Mobility as a Service
• VW, Bosch partner to develop autonomous driving systems
• Volkswagen teams up with Microsoft to accelerate the development of automated driving
• VW taps Baidu's Apollo platform to develop self-driving cars in China
• Ford“Blue Cruise”
• ARGO AI AND FORD TO LAUNCH SELF-DRIVING VEHICLES ON LYFT NETWORK
• Hyundai and Kia Invest in Aurora
• Toyota, Denso form robotaxi partnership with Aurora
• Aptiv and Hyundai Motor Group complete formation of autonomous driving joint venture
• Amazon's Zoox unveils electric robotaxi that can travel up to 75 mph
• Nvidia and Mercedes Team Up to Make Next-Gen Vehicles
• Daimler's heavy trucks start self-driving some of the way
• SoftBank, Toyota's self-driving car venture adds Mazda, Suzuki, Subaru Corp, Isuzu Daihatsu 
• Continental & NVIDIA Partner to Enable Production of Artificial Intelligence Self-Driving Cars
• Mobileye and Geely to Offer Most Robust Driver Assistance Features
• Mobileye Starts Testing Self-Driving Vehicles in Germany
• Mobileye and NIO Partner to Bring Level 4 Autonomous Vehicles to Consumers
• Lucid Chooses Mobileye as Partner for Autonomous Vehicle Technology
• Baidu Apollo greenlighted driverless ride-hailing service on Beijing open roads
• Baidu Apollo's autonomous driving service is now inclusive to all the megacities in China
• Baidu, WM Motor announce strategic partnership for L3, L4 autonomous driving solutions
• Alibaba-backed AutoX unveils first driverless RoboTaxi production line in China
• Nissan gives Japan version of Infiniti Q50 hands-free highway driving
• Hyundai to start autonomous ride-sharing service in Calif.
• Pony.ai approved for public driverless robotaxi service in Beijing
• Toyota to join Baidu's open-source self-driving platform
• Volvo will provide cars for Didi's self-driving test fleet
• BMW and Tencent to develop self-driving car technology together
• BMW, NavInfo bolster partnership in HD map service for autonomous cars in China
• GM Invests $300 M in Momenta to deliver self-driving technologies in China
• FAW Hongqi readies electric SUV offering Level 4 autonomous driving
• Tencent, Changan Auto Announce Autonomous-Vehicle Joint Venture
• Huawei teams up with BAIC BJEV, Changan, GAC to co-launch self-driving car brands
• GAC Aion, DiDi Autonomous Driving to co-develop driverless NEV model
• BYD partners with Huawei for autonomous driving
• Lyft, Magna in Deal to Develop Hardware, Software for Self-Driving Cars
• Xpeng releases autonomous features for highway driving
• Nuro Becomes First Driverless Car Delivery Service in California
• Deutsche Post to Deploy Test Fleet Of Fully Autonomous Delivery Trucks
• ZF autonomous EV venture names first customer
• Magna's new MAX4 self-driving platform offers autonomy up to Level 4
• Groupe PSA's safe and intuitive autonomous car tested by the general public
• Mitsubishi Electric to Exhibit Autonomous-driving Technologies in New xAUTO Test Vehicle
• Apple acquires self-driving startup Drive.ai
• JD.com Delivers on Self-Driving Electric Trucks
• NAVYA Unveils First Fully Autonomous Taxi
• Fujitsu and HERE to partner on advanced mobility services and autonomous driving
• Great Wall's autonomous driving arm Haomo.ai receives investment from Meituan
• Plus.ai, Iveco to start L4 autonomous heavy-duty truck test in Europe, China
• T3 Mobility, IDRIVERPLUS to pilot Robotaxi operation in Suzhou with autonomous+manual model

Here's Where Tesla's Competition Will Get Its Battery Cells...

• Panasonic (making deals with multiple automakers)
• LG
• Samsung
• SK Innovation
• Toshiba
• CATL
• BYD
• Volkswagen to Build Six Electric-Vehicle Battery Factories in Europe
• How GM's Ultium Battery Will Help It Commit to an Electric Future
• GM to develop lithium-metal batteries with SolidEnergy Systems
• Ford, SK Innovation announce EV battery joint venture
• BMW & Ford Invest in Solid Power to Secure All Solid-State Batteries for Future Electric Vehicles
• Stellantis affirms commitment to build battery factory in Italy with Mercedes, TotalEnergies
• Stellantis and LG to Invest Over $5 Billion CAD in Joint Venture for Li-Ion Battery Plant in Canada
• Stellantis and Factorial Energy to Jointly Develop Solid-State Batteries for Electric Vehicles
• Mercedes-Benz to build 8 battery factories in push to become electric-only automaker
• Toyota to build plant in N.C. capable of making up to 1.2M batteries a year
• Toyota Outlines Solid-State Battery Tech, $13.6 Billion Investment
• Nissan Announces Proprietary Solid-State Batteries
• Daimler joins Stellantis as partner in European battery cell venture ACC
• Renault signs EV battery deals with Envision, Verkor for French plants
• Nissan to build $1.4bn EV battery plant in UK with Chinese partner
• UK companies AMTE Power and Britishvolt plan $4.9 billion investment in battery plants
• Freyr
• Verkor
• Farasis
• Microvast
• Akasol
• Cenat
• Wanxiang
• Eve Energy
• Svolt
• Romeo Power
• ProLogium
• Hyundai Motor developing solid-state EV batteries
• Morrow
• Here's Tesla's competition in charging networks…
• Infrastructure Bill: $7.5 billion Towards Nationwide Network of 500,000 EV Chargers
• Electrify America
• EVgo
• Chargepoint
• Ionity Europe
• Shell Plans To Deploy Around 500,000 Charging Points Globally By 2025
• 51 U.S. electric companies commit to build nationwide EV fast charging network by end of 2023
• GM to distribute up to 10 chargers to each of its dealerships starting early 2022
• Circle K Owner Plans Electric-Car Charging Push in U.S., Canada
• 191 U.S. Porsche dealers are installing 350kw chargers
• ChargePoint to equip Daimler dealers with electric car chargers
• Ford introduces 12,000 station charging network, teams with Amazon on home installation
• Petro-Canada Introduces Coast-to-Coast Canadian Charging Network
• Volta is rolling out a free charging network
• E.ON and Virta launch one of the largest intelligent EV charging networks in Europe
• Volkswagen and BP launch strategic partnership to rapidly roll-out EV fast charging in Europe
• Smatric has over 400 charging points in Austria
• Allego has hundreds of chargers in Europe
• PodPoint UK charging stations
• Instavolt is rolling out a UK charging network
• Fastned building 150kw-350kw chargers in Europe
• Aral To Install Over 100 Ultra-Fast Chargers In Germany
• Deutsche Telekom launches installation of charging network for e-cars
• Total to build 1,000 high-powered charging points at 300 European service-stations
• NIO teams up with China's State Grid to build battery charging, swapping stations
• BYD, Shell to build joint venture for EV charging network development in China
• Volkswagen-based CAMS launches supercharging stations in China
• Volkswagen, FAW Group, JAC Motors, Star Charge formally announce new EV charging JV
• BMW to Build 360,000 Charging Points in China to Juice Electric Car Sales
• BP, Didi Jump on Electric-Vehicle Charging Bandwagon
• Evie rolls out ultrafast charging network in Australia
• Evie Networks To Install 42 Ultra-Fast Charging Sites In Australia

• Panasonic
• Samsung
• LG Energy Solutions
• BYD
• AES + Siemens (Fluence)
• GE
• Hitachi ABB
• Toshiba
• Saft
• Johnson Contols
• EnerSys
• SOLARWATT
• Sonnen
• Kyocera
• Generac
• Kokam
• Eaton
• Tesvolt
• Kreisel
• Leclanche
• Lockheed Martin
• Honeywell
• EOS Energy Storage
• ESS
• UET
• electrIQ Power
• Stem
• ENGIE
• Redflow
• Primus Power
• Simpliphi Power
• Invinity
• Murata
• Bluestorage
• Adara
• Blue Planet
• Aggreko
• Orison
• Moixa
• Powin Energy
• Nidec
• Powervault
• Kore Power
• Shanghai Electric
• LithiumWerks
• Natron Energy
• Energy Vault
• Ambri
• Voltstorage
• Cadenza Innovation
• Morrow
• Gridtential
• Villara
• Elestor
• Flexgen
• SolarEdge
• Q-Cells
• Huawei
• ADS-TEC
• Form Energy
• Enphase
• Sumitomo Electric
• Stryten Energy
• Freyr
• Growatt
• Polarium
• C4V

Thanks,

Mark Spiegel

Updated on May 2, 2022, 11:05 am

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