AD #4225 - Most Dealers Not Recouping EV Investments; Waymo More Valuable Than Most Automakers; Toyota and Honda Overtake the Detroit 3 in C
About this episode
The automotive landscape is shifting as GM and Ford face significant losses on EV investments, with most US dealers yet to recoup their costs. Meanwhile, Waymo's valuation skyrockets to $126 billion, surpassing most automakers. Toyota and Honda have overtaken the Detroit Three in Canadian vehicle production, reflecting a broader trend in the industry. Discussions also touch on Porsche's potential retreat from all-electric models, advancements in solid-state battery technology, and the evolving design strategies for EVs, including Jaguar's innovative battery placement.
EV
"GM and Ford are writing off tens of billions of dollars on their EV investments. Tier one suppliers are doing the same. In Automotive News reports that more than half of the US car dealers that it surveyed said they have not recovered the investments they made in evs."
EV means electric vehicle. These cars run on electricity instead of gas, making them better for the environment. They're becoming more popular as people look for cleaner transportation options.
EV stands for electric vehicle, which is a car that is powered entirely or partially by electricity instead of traditional gasoline or diesel fuel. The rise of EVs is significant in the automotive industry as manufacturers shift towards more sustainable options.
autonomous vehicle
"In twenty twenty four, the autonomous vehicle company was valued at forty five billion dollars, but in its latest funding round, Weimo raised another sixteen billion dollars."
An autonomous vehicle is a self-driving car that can operate without a person controlling it. These cars use technology to navigate and make decisions on the road, which could change how we think about driving in the future.
An autonomous vehicle is a car that can drive itself without human intervention, using a combination of sensors, cameras, and artificial intelligence. Companies like Waymo are at the forefront of developing this technology, which could revolutionize transportation.
Waymo
"However, as we've pointed out before, there are at least three hundred thousand evs coming off lease this year, and with very attractive prices, they could pull in a lot more first time EV buyers, which could help dealers recoup their investments. Waimo has tripled its value in less than two years."
Waymo is a company that works on self-driving cars. They are trying to make cars that can drive themselves without anyone behind the wheel, which is a big step in technology.
Waymo is a subsidiary of Alphabet Inc. (Google's parent company) that focuses on developing autonomous vehicle technology. They are known for their self-driving car initiatives and have made significant advancements in the field.
Toyota
"That makes it more valuable than every automaker with the exception of Tesla and Toyota."
Toyota is a well-known car company from Japan that makes many different types of vehicles. They are famous for their reliable cars and have been a leader in making hybrid cars, which use both gas and electricity.
Toyota is a Japanese automotive manufacturer known for producing reliable and fuel-efficient vehicles. They are also a pioneer in hybrid technology with models like the Prius, and are increasingly investing in electric vehicles.
Stellantis
"...the Detroit automakers General Motors, Ford and Stalantis used to account for the majority of vehicles assembled in Canada, but not anymore."
Stellantis is a large car company that makes many different kinds of cars and trucks, created from a merger of two other companies.
Stellantis is a multinational automotive manufacturing corporation formed from the merger of Fiat Chrysler Automobiles and PSA Group. It produces a wide range of vehicles under various brands.
General Motors
"...the Detroit automakers General Motors, Ford and Stalantis used to account for the majority of vehicles assembled in Canada, but not anymore."
General Motors is a big car company in the United States that makes and sells cars and trucks.
General Motors, commonly known as GM, is an American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts. It is one of the largest automotive manufacturers in the world.
Ford
"...the Detroit automakers General Motors, Ford and Stalantis used to account for the majority of vehicles assembled in Canada, but not anymore."
Ford is a well-known car company in the U.S. that makes a variety of vehicles, including cars and trucks.
Ford is an American multinational automaker known for its cars, trucks, and SUVs. Founded by Henry Ford, it is famous for revolutionizing the automotive industry with assembly line production.
Honda
"...the two Japanese automakers also now account for sixty percent of assembly plant employment, up from forty percent a decade ago, but that's just for finished vehicle production."
Honda is another well-known car company from Japan that makes cars and motorcycles, famous for their reliability.
Honda is a Japanese automaker known for its cars, motorcycles, and power equipment. It is recognized for producing reliable and efficient vehicles.
Denso
"Denso was able to offer set some of the rising costs, and it also relies heavily on Toyota, as it generates fifty six percent of its revenue from the Toyota Group."
Denso is a major company that makes parts for cars. They supply many important components that help cars run well.
Denso is a leading global automotive supplier known for manufacturing components and systems for various automotive applications. The company plays a significant role in the automotive industry, particularly in the supply chain.
Porsche 718
"Porsche could kill off plans to make all electric versions of the seven eighteen boxtering Cayman."
The Porsche 718 is a type of sports car made by Porsche. There were plans to make electric versions of it, but now they might change those plans because of sales issues.
The Porsche 718 is a line of sports cars that includes the Boxster and Cayman models. Porsche initially planned to transition these models to electric power, but recent reports indicate a reconsideration of this strategy due to market conditions.
Porsche Cayman
"...electric versions of the seven eighteen boxtering Cayman. Bloomberg reports the automaker is considering m..."
The Porsche Cayman is a sporty car that is fun to drive and has a great design. It's a bit cheaper than the famous Porsche 911 but still offers a lot of excitement for people who love cars.
The Porsche Cayman is a mid-engine sports car known for its exceptional handling and performance. It represents a more affordable entry into the Porsche lineup compared to the iconic 911, making it significant for enthusiasts looking for a thrilling driving experience without the higher price tag.
Porsche 1 Porsche
"rich don't pretends to tires, improved grip and wet conditions. Speaker 1: Porsche could kill off plans to make all electric versions of the seven eighteen boxtering Cayman. Bloomberg reports the automaker is considering making the move as a way to save cash due to overall sales slumping in a slower than expected transition to eves. Porsche first announced in twenty twenty"
The Porsche 911 is a famous sports car that many people recognize. It's known for being fast and fun to drive, and it's been around for a long time, which makes it special.
The Porsche 911 is an iconic sports car that has been in production since the 1960s, known for its distinctive design and rear-engine layout. It has a reputation for high performance and is often considered the benchmark for sports cars, making it a frequent topic of discussion among car enthusiasts.
EVs
"Porsche seems to be in a unique situation compared to most other automakers, but not in a good way. Sportscar buyers haven't warmed up the evs as."
EVs stand for electric vehicles, which are cars that run on electricity instead of gas. They are becoming more popular as people look for cleaner ways to drive.
EVs, or electric vehicles, are cars powered entirely by electricity rather than traditional gasoline or diesel engines. They are part of a growing trend towards more sustainable transportation options.
solid state batteries
"...development in solid state batteries. They made a silicon anode that has a breathable structure. Silicon can hold up to ten times more lithium ions than graphite anodes..."
Solid state batteries are a new kind of battery that use solid materials instead of liquids. They can store more energy and last longer than regular batteries, but making them in large amounts is still hard.
Solid state batteries are a type of battery technology that uses solid electrodes and a solid electrolyte, as opposed to liquid or gel electrolytes found in traditional batteries. They offer advantages such as higher energy density, improved safety, and longer life cycles, but scaling up production remains a challenge.
anode
"...that has a breathable structure. Silicon can hold up to ten times more lithium ions than graphite anodes, but silicon expands up to three times its size during charging cycles..."
An anode is part of a battery that helps store energy. It's where the battery gets charged up, and it usually uses materials like graphite or silicon to hold the energy.
An anode is the electrode in a battery where oxidation occurs, allowing the flow of electrons through the external circuit. In lithium-ion batteries, the anode is typically made of materials like graphite or silicon, which store lithium ions during charging.
Peugeot iOn
"...re. Silicon can hold up to ten times more lithium ions than graphite anodes, but silicon expands up to t..."
The Peugeot iOn is a tiny electric car that's great for driving around the city without polluting the air. It's small and easy to park, making it perfect for busy streets.
The Peugeot iOn is a small electric city car that was designed for urban driving, offering zero emissions and compact dimensions. It is significant as one of the early entries into the electric vehicle market, showcasing Peugeot's commitment to sustainable mobility.
lithium ions
"...silicon can hold up to ten times more lithium ions than graphite anodes, but silicon expands up to three times its size during charging cycles, which can destroy a battery..."
Lithium ions are tiny charged particles that help batteries store and use energy. They move around inside the battery when it's charging and when it's being used.
Lithium ions are charged particles of lithium that move between the anode and cathode in a lithium-ion battery during charging and discharging. Their movement is what allows the battery to store and release energy.
energy density
"...solid state breakthroughs with a grain of salt. Trying to scale up production has been an issue, so we probably won't see the batteries in any significant volume until the end of the decade. But they still offer enhance safety, higher energy density..."
Energy density is how much energy a battery can hold in a certain amount of space. Batteries with higher energy density can power things for longer without being too big or heavy.
Energy density refers to the amount of energy stored in a given volume or mass of a battery. Higher energy density means a battery can store more energy, which is crucial for extending the range of electric vehicles and improving performance.
skateboard design
"So when Jaguar set out to radically change the look of its evs, it decided not to go with a skateboard design. Instead, it divided the battery pack into five stacks."
Skateboard design is a way to build electric cars where the battery is flat and sits on the floor, making the car more stable and giving more room inside.
Skateboard design refers to an electric vehicle architecture where the battery pack is placed flat in the vehicle's floor, resembling a skateboard. This design allows for a low center of gravity and maximizes interior space.
kilowatt hours
"One stack, with about nineteen kilowatt hours of capacity, is located at the front of the cabin, while the other four with a combined one hundred kilowatt hours, sit at the rear of the cabin."
Kilowatt hours is a way to measure how much energy a battery can store. The higher the number, the more electricity it can hold, which usually means the car can drive further.
Kilowatt hours (kWh) is a unit of energy that measures how much electricity is used over time. In electric vehicles, it indicates the capacity of the battery and how far the vehicle can travel on a full charge.
Tesla Model
"...nslates into a roofline that will be lower than a Tesla model. Three. Five years ago, the stock prices of ev ma..."
The Tesla Model Y is an electric SUV that can drive long distances without needing gas. It's popular because it's roomy and has lots of cool tech features.
The Tesla Model Y is an all-electric compact SUV that offers a blend of performance, technology, and spaciousness. It has quickly become one of Tesla's best-selling models due to its practicality and impressive range, making it significant in the growing electric vehicle market.
Tesla Model 3
"which translates into a roofline that will be lower than a Tesla model. Three. Five years ago, the stock prices of ev makers were going through the roof, and the same was largely true of light our companies."
The Tesla Model 3 is a popular electric car that is smaller than other Tesla models. It is known for being fast and having a long battery life.
The Tesla Model 3 is a compact electric sedan known for its performance, range, and advanced technology features. It is one of the best-selling electric vehicles worldwide.
Luminar
"One of those companies, Luminar, saw its stock shoot over five hundred dollars a share, giving it an eleven billion dollar market cap and turning its then twenty five year old founder into a multi billionaire. But then Luminar went bankrupt."
Luminar is a company that makes special sensors called LiDAR, which help self-driving cars see and understand their environment better.
Luminar is a technology company specializing in LiDAR (Light Detection and Ranging) systems for autonomous vehicles. Their technology helps vehicles understand their surroundings by using laser light to create detailed 3D maps.
Microvision
"In fact, Microvision bought another light our maker, Scantinel Photonics, after it went bankrupt two and micro Vision CEO Glennavass says, though, buy even more light our companies if the situation is right."
Microvision is a company that creates technology for things like displays and sensors, including those used in self-driving cars.
Microvision is a technology company that develops advanced display and sensing technologies, including LiDAR systems for autonomous vehicles. They focus on creating innovative solutions for various applications, including automotive.
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