When we started working on our reports for Mexico, we knew that the available data was limited to those companies that make up part of the Mexican Automotive Association. However, our analysis on model vs. aggregate sales data convinced us that the limitations were confined to model sales, and the … [continued]
EV sales get all the coverage, but EV manufacturing is as important (if not more) in the sustainability of this transition and the political will to support it. Latin America, despite its relatively small vehicle market, has a significant vehicle manufacturing base, be it because of the protection of the … [continued]
NIO Profitability? NIO’s got a big target in mind. It is aiming to finally achieve profitability in the 4th quarter of this year. Naturally, that’s a huge deal for the company. Tesla’s stock price soared in 2019 when it finally achieved profitability, and I think most investors assume startup car … [continued]
If you can’t beat ‘em, join ‘em It is not a secret for anyone that China has been rising as the uncontestable EV leader globally. Competition is arising in Europe and South Korea (mainly thanks to relatively protected markets and government support for locally produced EVs), whereas the US seems … [continued]
Update: I should note that any original plans or contracts have not been verified and any cancellation of these plans or contracts have not been verified. Coverage of this is limited, indicating some traditional media don’t have enough proof to report on it. It should also be emphasized that this … [continued]
Things that have existed since we were born are very hard to imagine not existing. That may be especially true for broad societal norms, structures, and assumptions. The United States has held an exceptional role in the world for more than 100 years, and especially since World War II. Through … [continued]
You read that right. Mexico — the country — has gotten tired of waiting for Tesla to build a factory and produce cheap electric cars there, and it’s going to build cheap electric cars itself! Well, correction, it will do with with a private sector partner in a unique public-private … [continued]
Whilst Latin America’s largest vehicle markets have been undergoing significant EV growth (we can already predict Brazil’s plug-in market share will surpass 5% in 2024 and Mexico’s will be above 2%) and several minor markets are showing meteoric growth (Costa Rica, Uruguay, and Colombia), this does not mean the entire … [continued]
Chinese car companies are having success in Mexico. How long will it be before they enter the US new car market?
Claudia Sheinbaum, Mexico’s new president (inaugurated in October 1st), has a plan. She wants to bring Mexico’s industry into the 21st century, pivoting to tech, drones, semi-conductors, … and EVs. She has announced she’ll make sure that, by the end of her term, Mexico owns a locally designed, locally built, … [continued]
