Weekly Roundup: 5th-11th April
- Honda to release 30 electric models by 2030
- Chip shortage to last into 2023
- Mercedes Benz to halve carbon emissions
An Electrified Future
Honda to invest in R&D, aims to go fully electric
Honda plans to spend $64 billion in the development of electric vehicles over the next decade. The massive investment will be spent on electrification and software technologies. Earlier, the company announced its plans to release 30 electric models by 2030, and produce 2 million EVs a year. Read the full story here.
Rivian picks up, on track to meet production target of 25,000 vehicles
The electric automaker Rivian says it’s on pace to meet its 2022 production target. The company’s announcement sent its shares up by 2.4% in extended trading. They produced 2,553 vehicles in the first quarter of 2022 and have delivered 1,227 cars so far. Read the details here.
GM, Honda expand partnership to produce affordable EVs
General Motors and Honda announced an expansion of their two-year-old partnership to include “a series of affordable electric vehicles” built on GM’s flexible EV platform. The affordable EVs include crossover SUVs, the production of which will begin in 2027. Check out the complete story here.
Towards Sustainable Future
Mercedes-Benz aims to slash CO2 emissions by more than 50%
Mercedes-Benz has announced its commitment to slash the CO2 emissions of its passenger cars by more than 50%. The company will use renewable energy to cover 70% of the energy it needs for production by 2030. Check out the full story here.
CDA requests aid for new metro buses
The Capital Development Authority (CDA) has reached out to Pakistan National Shipping Cooperation (PNSC) to help in getting early delivery of 30 new metro buses from China for the metro bus project. The buses were supposed to reach on March 15, but the departure was delayed. Now, the buses will arrive in Pakistan in a month. Read the full story here.
Supply Chain Woes
Chip shortage will continue in 2023, says BMW’s CEO
According to CEO BMW, the company expects the shortage of semiconductors that plagued the automotive industry over the last couple of years is expected to remain well into 2023. Earlier, BMW announced that it expected the chip shortage to last into 2022. Here’s the full story.
Tesla puts up impressive number from Gigafactory Shanghai despite factory shutdown
Tesla delivered over 65,000 vehicles produced at Gigafactory Shanghai in March despite the factory shutdown due to COVID restrictions. The output shows 100% year-over-year growth and 16% month-to-month increase compared to 56,515 vehicles in February. Here’s the full story.
About Us
This week in Transport is a weekly round-up of everything happening in the transportation world; from sustainable transport initiatives to expansion plans, and implementation of an intelligent transport system. Watch this space for more sector news!