Daily Newsletter

13 October 2023

Daily Newsletter

13 October 2023

Signal: A Lucid milestone, a small Kia EV and a very lucky escape – as seen through ‘X’

Each week, Just Auto’s journalists select tweets that have caught our eye

David Leggett October 13 2023

[Image credit: Peshkova/Shutterstock]

Our selected Tweets (from ‘X’) this week:

Insight from this WSJ article: "Workers who aren’t union members have benefited quickly from the solid labor market with higher pay. Wages for union members, on the other hand, are often tied to multi-year labor contracts, which aren’t designed to respond right away to changes in the demand for workers. That is partly why the UAW is now demanding wage gains in the mid-30% range—it is playing catch-up."

The drive for smaller and cheaper EVs...

This was a big item in the UK mainstream news this week; the car park fire caused a lot of disruption - and damage to over a thousand cars - at a major airport near London. We thought it may have been started by an EV. Turned out it was a diesel car.

Lucid milestone.

More evidence of the Saudi government's drive for a significant presence in the autos/mobility sector.

Consumer finance arrangement for Lotus in the US.

There is a growing realisation of the importance of supply chains when it comes to EVs. Andy Palmer (ex-Nissan and ex-Aston Martin) is at the heart of the EV transition and his Twitter account is worth following.

And carrying on that theme - a neat summary from CNBC.

Tesla stokes the EV price war in US.

Has the VW Up! been around that long?

Bear this in mind if you are planning to drive to Stockholm's city centre in 2025...

H2 advances with IKEA delivery in Austria.

Don't overcook it, mate. Watch your back end, YOUR BACK END!

A blast from the UK's automotive past. Marvel at the creative marketing in those advertising taglines...

Do close scrapes get any closer? Have a good weekend all!

Our signals coverage is powered by GlobalData’s Thematic Engine, which tags millions of data items across six alternative datasets — patents, jobs, deals, company filings, social media mentions and news — to themes, sectors and companies. These signals enhance our predictive capabilities, helping us to identify the most disruptive threats across each of the sectors we cover and the companies best placed to succeed. 

High upfront costs could be detrimental towards the growth of the off-highway EV market

The global off-highway electric market is expected to grow at a CAGR of 17.4% by 2030, per GlobalData. Despite the strong growth, high upfront costs may pose a challenge. Due to the high capacity of these vehicles, they consume large amounts of power from a number of battery packs installed on the vehicle, whose high cost in turn adds to the cost of the vehicle, thereby increasing the initial cost. However, governments worldwide are offering subsidies and tax exemptions in order to help customers to counter the initial purchase cost.

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