BYD's explosive growth in EV sales and profits is challenging Tesla's dominance, with BYD's revenue soaring 80% and net profit up over 400%. General Motors now leads automakers in R&D spending, surpassing Tesla and Honda. California is pushing aggressive emission rules, targeting ICE trucks and trains with bans and zero-emission mandates by 2036-2042. Used EV trade-ins are rising, with Toyota owners leading the shift. The stretch limo trend fades in favor of discreet luxury vehicles. Innovations include a specialized EV firetruck for safer emergency response. Plus, Uber shares quirky lost-and-found items from riders.
Topics:byd growthtesla competitiongm research and developmentcalifornia emission regulationsused ev trade-insstretch limos declineev fire safetyautomotive supplier trendsboard diversityuber lost and found
- BYD Growing Faster Than Tesla - EVs Good for Suppliers, ICE Not - GM Tops In R and D Spending - California To Ban ICE Trucks, Diesel Locomotives - Toyota #1 Trade-In for Used EVs - GM Adds Vice Admiral to Board - Stretch Limos Going Extinct - Toyota 6x6 Fights EV Fires - Uber Shares Strange Items Left in Its Cars
"...ruck especially for evs. It based it off a Toyota Hilux on a custom frame because it's smaller and can fi..."
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This is Autoline Daily, the show dedicated to enthusiasts of the global automotive industry.
We think this has got to have Tesla looking over its shoulder. BYD's
net profit for the first quarter shot up over four hundred percent compared to a year ago. The Chinese automaker, which already sells the most EV's in China,
saw its revenue go up eighty percent. Specifically, it brought in seventeen
point three billion dollars in revenue and posted a net profit of five hundred and ninety six million dollars. That is only a three percent profit margin, but
its growth rate is also staggering. While testless sales in China were up twenty
six percent in the first three months of the year, BYDS we're up almost ninety three percent, according to Reuters. Sure looks like Tesla needs to refresh
its product, and it reportedly as a styling update for the Model Y in a program codenamed Juniper and one for the Model three called Highland. Automotive Suppliers
that make EV components will see their business boom, while ones that make ICE components will drop. That's according to Deloitte's automotive supplier study. It says revenue
from electric drive trains and batteries and fuel cells is expected to skyrocket two hundred and forty five percent between twenty twenty two and twenty twenty seven to a combined market size of two hundred billion dollars globally. At the same time, revenue
from ice components is expected to drop forty four percent to seventy billion dollars, but Deloitte does say it will remain a viable market for the foreseeable future.
Eight S, interiors and electronics are also poised for growth. Deloitte says that
competition among suppliers will be more intense as automakers shift to more standardized, less complicated vehicle architectures due to rising geopolitical uncertainty and government incentives. More suppliers will
nearshore their supply chains as well, and it also says will see more consolidation because some suppliers will be unable to invest and grow due to industry challenges and rising inflation. Companies like Tesla and Honda used to devote more of their resources
to R and D than any other automakers, not anymore Today. General Motors
spends a higher percentage of its revenue on research and development than any other automaker.
Mercedes, Benz and the Volkswagen Group are in second and third, while Honda is now in fifth, while Tesla is in eighth. John has a
video that dives into all the details on our YouTube channel if you'd like to check that out. But here's one thing we can tell you that has always
been true in the auto industry. While some automakers get more bang for their
buck than others, the ones that spend more on R and D usually come out ahead. And it's going to be fascinating to see if that trend continues.
God Scheffler we pioneer Motion electrifying mobility, manufacturing smarter, reducing CO two emissions, making energy production clean. Scheffler Pioneer's motion to advance how the world
moves. Safety and emission rules and regulations for heavy duty trucks have always been
behind those for passenger vehicles, but California is throwing that notion out of the window. It's going to ban new ice cars by twenty thirty five, and
now it says it will do the same with ice trucks only a year later, in twenty thirty six. There will be a phase in period, and
there will be a few exceptions. Vehicles like garbage trucks and buses and the
utilities will have until twenty forty to fully convert their fleets, and drayage trucks that carry goods from ports to warehouses will have until twenty forty two, but public agencies not including emergency vehicles will have to purchase fifty percent zero emission vehicles by the end of next year and fully convert by twenty twenty seven. The
California Air Resources Board also approved a new rule that goes after train emission.
By twenty thirty, engines over twenty three years old will be banned, locomotives with an automatic shutoff won't be allowed to idle for more than thirty minutes, and it will enact standards to reduce smog producing chemicals. More Toyota owners are
trading in their vehicles for a used EV in the US than any other brands.
According to CarMax, which looked at data between September of last year till the end of February this year, twelve percent of vehicles traded in for used evs were Toyota's, the second straight year that it was number one Ford and BMW were next at eight percent, followed by Honda and Chevy at seven percent.
The Tesla Model three is the most popular used EV and the most common trade in for it is the Honda Civic, followed by the Toyota Tacoma.
The Nissan Leaf is the third most popular EV at CarMax and the most common trade in for it is the Toyota Prius. As for types of vehicles,
SUVs were the most traded in vehicles for used evs at forty. General Motors
is adding another woman to its board of directors. The company is nominating retired
Vice Admiral JM. Tie to its board. She worked in the US Navy
and the National Security Agency as a cryptologist. GM currently has thirteen board members,
six of which are women, but Carol Stevenson is leaving the board this year, so the company will still have six if Vice Admiral Tie is elected at the company shareholder meeting in June. And you know GM is the only
automaker in the world with that many women on its board. We want to
know what drives you're testing. Ota Connected Car Diagnostics, Remote Testing, Intrepid
Control Systems is here to help you work from anywhere intrepid control systems driven by your data. You used to see them everywhere. Stretch Limos, that is,
long white versions of Lincoln Town cars, Cadillacta vills, and even hummers were all the rage for bachelorette parties, weddings, proms, birthday parties, you name it. They were the go to cars for people who wanted to
arrive at an event with a conspicuous splash. But that was then. About
a decade ago, Stretch limos died, but the limo business did not.
Today people want to be a lot more discreet and the go to limo is more likely to be a black Mercedes sprinter van, a black Cadillac Escalade or even a black Lexus LS sedan. From accidents to fires, evs can't be
handled in the same way that ice vehicles are in an emergency. That's why
UK based upfitter Pro Speed Motorsport developed the firetruck especially for evs. It based
it off a Toyota Hilux on a custom frame because it's smaller and can fit into tighter spaces. Since evs are more likely to catch fire in a parking
structure or an underground garage, Pro Speed also equipped it with a second rear axle, which increased payload to sixty six hundred pounds, and then upfitted the rear with a bunch of firefighting equipment that includes a high pressure cutting wand that can slice right through to the battery and allow a second person with a water hose to pump the pack all the water. It claims it can put out
an evy fire in ten minutes and use less than two hundred gallons of water in total. I don't know about you, but I leave a ton of
stuff in my car all the time. But what if it wasn't your car
at all. Uber just released its annual lost in Found index, and the
top left behind items are things you'd expect like phones, wallets, and keys, but there's also some truly unique ones as well. Here's some of our
favorites as described by the customer and some not safe for work language. Here
they say some tater tots, a breast pump and a white cowboy hat, my grandma's teeth, and a shitty painting of a moose. There's fifty items
in all, and there's plenty of other head scratchers in there, plus a number of other lost item trends that we think you might actually enjoy, so we'll provide a link in the description box or trans rip if you'd like to check that out. That's all we've got for this Monday. We hope to
see you again tomorrow. Altoughline Daily is brought to you by Bridgestone Solutions for
your Journey, Intrepid Control Systems over the year Engineering boost your game, and by Scheffler we pioneer Motion
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