AD #3631 - VinFast Loses $30 Billion In Market Cap; OEMs Worry About Steel Monopoly; Tesla To Use CATL M3P Battery

This is Auto Line Daily, the show dedicated to enthusiasts of the global automotive industry. When vin Fast, the Vietnamese startup, hit the NASDAK Stock Exchange

in the US last week with a spack it was headline news. After the

first day of trading, vin fast market cap was eighty five billion dollars, compared to forty eight billion for fort and forty six billion for GM. Some

called it an astonishing achievement, but like every other spack listing, it didn't last long. Vin Fast shares plummeted fifty eight percent from its high point over

the last few days, wiping out fifty billion dollars worth of market valuation.

The company is now worth thirty five billion dollars, but we think it's going to drop even further. One reason for the SEESAW stock price is that very

little trading is going on, meaning not many people are buying or selling it shares. UAW president Sean Fayne continues to motivate union members to prepare for a

strike against the Detroit three automakers. Over the weekend, he held a rally

in suburban Detroit attended by hundreds of enthusiastic UAW members. Fayne told them the

automakers expect them to quote settle for scraps, and he promised that's going to end. Union workers are voting this week on whether to authorize a strike vote,

and it's likely it will be overwhelmingly approved. We are now twenty four

days away from the current contract expiring, and it sure looks like there will be a strike. The Inflation Reduction Act or IRA SURE convinced the Hyundai Group

to make big EV investments in the US. It's building an EV and battery

assembly plant in Georgia that will make six electric models for Unda, Kia and Genesis. Automotive News reports that three of those models will be for Genesis.

The plant, which will be open in January at twenty twenty five, will have the capacity to make three hundred thousand vehicles a year on straight time, with the flexibility to boost that to five hundred thousand, presumably with additional shifts.

Hundai and Ki are going to come out with mid size electric pickup trucks in late twenty twenty six, and they could also be made at the plant.

Oh, here's something that car companies don't want to see. There's a

bidding war breaking out. To buy the company US Steel. What the OEMs

don't like is that Cleveland Cliffs, the largest automotive steel supplier in the US, is one of the companies trying to buy US Steel. That would give

Cleveland Cliffs control of more than fifty percent of the automotive steel market in the US. Auto makers already have a bit of a contentious relationship with Cleveland Cliffs,

and this merger would give them even less leverage in negotiations. Automakers aren't

as concerned with other bids for US Steel because there isn't as much overlap in the business as there is with Cleveland Cliffs. The Taging Automotive Technologies we combine

world class composite materials expertise with cutting edge designs because frankly, there are better ways to lightweight vehicles, so lighten up with Taging Automotive Technologies the formula for better mobility. Pininfarina, the famous Italian design house that's now owned by Mahendra,

unveiled three beautiful electric concept cars on the eve of the Pebble Beach Concours.

The B ninety five is a two seat roadster that will go into production in twenty twenty five. But you better have a hefty bank account. Only

going to make ten of them. Each one will be customized so that not

one of them is the same as the other, and they're going to be priced at four point four million euros or about four point eight million bucks.

The Pure of Vision is a four seater with suicide doors and a glass roof that partially opens like gallwings for easier entry and exit. And then there's the

Nino Farina, named after the famous Grand Prix driver from the nineteen fifties who was known to sing at the top of his lungs while racing. This car

actually debuted at the Goodwood Festival of Speed last month, but we just wanted to slip in that reference to Farina's singing. And speaking of famous Italian brands,

Lamborghini showed off a concept version of its first all electric model called the Lanza Door. It's a high riding two plus two coup that mary's elements of

Lambo's current styling with all new lighting elements, with room for two more people behind the front seats. The roofline extends much further than your typical Lamborghini,

but the rear axle has also been pushed back really far, so it doesn't end up looking to goofy. Power will come from two electric motors that it

says combines for more than one thousand kiloots or over thirteen hundred horsepower. However,

Lambo didn't say anything about the battery or range. Other highlights include rear

wheels steering, as well as an active arrow and suspension system. Front seat

passengers have their own little cockpit area, and each have a display screen embedded in the dash. The lands Adore, if that's even what it ends up

being called, will become the fourth model in Lambo's lineup when it launches in twenty twenty eight. Earlier this year, Chinese battery makers COATL introduced a new

battery chemistry that it calls M three P. It has more energy density than

lithium iron phosphate or LFP batteries, and it's cheaper than nickel manganese cobalt or NMC, and now we're learning more about its specs. Car News China reports

that M three P is twenty percent cheaper than NMC cells. Compared to LFP,

it's ten percent more expensive, but the energy density is twenty percent higher and the cost per watt is three percent lower, and the battery pack is estimated to deliver seven hundred kilometers or four hundred and thirty five miles of range.

The first vehicle to hit the market with the battery will be the Cherry Luxeed S seven. The upcoming Tesla Model three refresh code name Highland will use

the battery, and Tesla is also testing it in the Model Y. Mercedes

AMG pulled the wraps off the second gen version of it's GT coup It features updated styling and performance, as well as all wheel drive with rear wheel steering and the option for two plus two seating for the first time, pot it doesn't look like there's a whole lot of room behind the front seats. Some

of the other highlights of the AMGGT coup are a hybrid aluminum steel, magnesium and carbon fiber structure, active suspension and arrow and high performance breaks. Power

comes from a four leader twin turbo V eight that comes in two outputs and is mated to a nine speed automatic transmission. One version has three hundred and

fifty kilowatts or four hundred and seventy six horse power and will do zero to one hundred kilometers an hour in three point nine seconds, while the other has four hundred and thirty nine kilowatts or five hundred and eighty five horse power and will do zero to one hundred in three point two second. Here's a partnership

that makes a lot of sense. Jay Leno a comedian known for pumping more

power into many of the vehicles and is very impressive. Collection and Dodge,

a company known for pumping more power into every new special edition model that it comes out with, are coming together to offer a co branded line of car care products. We're talking everything from car shampoo to tire shine and even drying

towels. They say ordering information and pricing will come out in the fourth quarter

of this year. But that brings us to the end of today show.

We appreciate you making autoline part of your day. Autoline Daily is brought to

you by Bridgetone Solutions for your journey, Intrepid Control Systems. Over the year

Engineering Boost Your Game, Scheffler, we Pioneer Motion and by Tajin Automotive Technologies the formula for better Mobility. We want to know what drives your 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. At Scheffler,

we pioneer Motion electrifying mobility, manufacturing SMARTA, reducing CO two emissions, making energy production clean. Scheffler Pioneer's Motion to advance how the world moves h m HM

AD #3631 - VinFast Loses $30 Billion In Market Cap; OEMs Worry About Steel Monopoly; Tesla To Use CATL M3P Battery

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