Just Auto

Daily Newsletter

18 August 2023

Daily Newsletter

Tweets* of the week: VinFast joy, clean air and BMW history in 21 secs

Each week, Just Auto’s journalists select top tweets that summarise the social media buzz in our sector, underpinned by GlobalData’s analytics

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

With all the news of wildfires around the world at the moment, the quality of the air we breathe inside the car cabin is something to think about.

The freshest air is inside a Tesla.

pic.twitter.com/N22Xc22cT8
— Teslaconomics (@Teslaconomics) August 18, 2023

It's been a good week for VinFast hasn't it?

From the streets of Vietnam to the lights of Times Square, our journey symbolizes ambition, resilience, and hope. VinFast's Nasdaq listing serves as an emblem of unwavering commitment to a sustainable future for all.#VinFast #NasdaqListed #JoinTheCharge #BoundlessTogether pic.twitter.com/mAVrKoKtYV
— VinFast US (@VinFastUS) August 18, 2023

Electric buses in India are becoming a hot topic...

CNBC-TV18 Stocks Board | @GoldmanSachs reiterates a #buy call on @TataMotors and #AshokLeyland (@ALIndiaOfficial). Says the $7 billion PM e-bus scheme is positive for the sector and likely to expand to more cities. @_soniashenoy with all the details pic.twitter.com/UC0RzdW5u4
— CNBC-TV18 (@CNBCTV18News) August 17, 2023

Did you know Renault used to market the R5 as 'Le Car' in the US?

Le Car by Renault (1978) pic.twitter.com/UlQzqMuZqP
— RetroNewsNow (@RetroNewsNow) August 18, 2023

A nice reminder of the human aspect that is still there in automotive plants the world over.

After working together for decades at our Wentzville Assembly Center, friends and colleagues Ralf Brinkman and Melvin Hill join us to dive into the important questions, like who's the better forklift driver. 😉 pic.twitter.com/GeTz5UIBJ0
— General Motors Manufacturing (@MFG_GM) August 15, 2023

And finally, this must have taken a bit of work.

Evolution Of BMW in 21 seconds! pic.twitter.com/QKufSWEZBb
— Learn Something (@cooltechtipz) August 12, 2023

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.

*Despite the Twitter rebrand as 'X', we're still calling the platform's postings tweets for now.

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 estimates. 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.