Shilpan Amin’s Post

Key takeaways from Mercedes-Benz AG Q3s: Ø It’s brutal out there in the EV market Ø Competitors are cutting EV prices to lower than ICE equivalents, even though they cost more to make, with inevitable margin impact Ø Demand is also not growing as quickly as expected Ø Mercedes will therefore be flexible in its EV ramp… Ø … rely on its strong ICE earnings… Ø … and wait for a second wave of adoption where a larger buyer pool is more respectful of value Ø But it doesn’t think everyone, especially EV pure plays, can necessarily survive these conditions Ø So consolidation is on its way Ø And it’s sitting on a €28bn cash pile it doesn’t just want to give back to shareholders https://lnkd.in/e5EWsNTs #ev #autosales #emobility #corporatestrategy #mergersandacquisitions

⚡Customers want BEVs at the right price! 💵 "Ford Motor Company on Tuesday said its sales rose 11.2 percent in May, driven mostly by an increase in deliveries of hybrid and EVs. While sales of the top-selling F-Series line of pickups fell 1.6 percent last month, deliveries of the electric F-150 #Lightning soared 91 percent. Mustang #Mach-E sales rose 46 percent, while sales of the #E-Transit van jumped 77 percent. “There’s a lot of negativity in the marketplace right now regarding EVs, which I find really amazing,” said Parker (Hyundai Motor America). “EVs have been with us for quite a long time and they aren’t going away -- EVs are the future. It’s not a question of if, but a question of when. And so from a strategic perspective, we’re really focused and dedicated to promoting EVs.” (May sales in U.S.) Until price parity BEVs/ICEs is not achieved, some will always try to say "electric is not the future". But Customers just want good BEVs at the right price point! Ricardo Oliveira World Shopper | #GetReadyForTheFuture James Carter Lukas Neckermann Roger Atkins Rustam Kocher Pedro Pacheco Sebastian Fleischhacker Pedro Nuno Ferreira Raúl González Martín Luís Barroso

🚚 New LCV market growth continues 🚚 The UK new LCV market grew by 1.9% year-on-year in May, representing the 17th consecutive month of growth. The Society of Motor Manufacturers and Traders (SMMT) said this came despite a slight decline in the market-leading 2.5-3.5t van segment. Electric van registrations were up by 3.5% year-on-year in May, accounting for 4.2% of the overall market. SMMT chief executive Mike Hawes said: “The UK van market’s 17-month run of growth is playing a crucial part in renewing the fleet with the latest, cleanest vehicles. However, convincing businesses that now is the time to switch to zero emission operations remains a challenge." The Ford Transit Custom topped the LCV sales chart in May with 3,189 registrations, ahead of the Ford Transit with 2,505, and the Ford Ranger with 2,130. Read more online: https://lnkd.in/eybNtpfd 🔔 Click our follow button to see regular van and fleet industry news and insights, and subscribe to our weekly newsletter 🔔 #WhatVan #vans #lcvs #vansales #ford #fordpro Ford Pro Ford Pro UK

#MarketPerformanceUpdate Germany: •The German car market continued to grow in February. Both private and commercial registrations contributed to a 5.4% increase compared to February 2023.📈 • Following the end of #EV purchase grants, buyers primarily opted for petrol (+9%) and diesel (+7%) cars while BEV (battery electric vehicle) registrations slid by 15%.📊 Meanwhile, most OEMs introduced large price cuts, but it will take more time for them to translate into actual registration figures. • Among the top 10 brands, Škoda Auto (+15 %), SEAT Deutschland (+45%), Opel (+20%) and Toyota Motor Europe (+14%) all increased by double-digit percentages. • Volvo Cars ’s registrations soared by 84%, and it will be interesting to see if they can keep this growth with their strongly awaited #EX30.🚗 • Good news also for Mitsubishi Corporation : With a growth of 263% to 2,555 new registrations, their relaunch in Germany is looking quite successful.🏆 #marketinsights

DISPLAY AT COP28, I HAD A SHORT INTERVIEW WITH CHARGE CARS FROM LONDON Ford grants licence for Charge Cars to use 1967 Mustang Fastback ‘trade dress’. Multi-year agreement announced for handbuilt ’67: a 536bhp fully electric classic. A UK company has been given an official licence from Ford for use of the ‘trade dress’ associated with the 1967 Ford Mustang Fastback. It means Charge Cars – a tech company headquartered near Heathrow airport – can build shells and panels for its ’67 entirely in-house, rather than buying shells from a third-party licensee. The ‘67 don’t forget, is a zero emission, fully electric muscle car marrying those now-officially-licensed classic lines to a quad-motor setup able to produce totals of 536bhp and 1,106lb ft. Quite enough, you’ll agree. The EV also features bespoke suspension, lightweight carbon fibre componentry and modern assistance in the form of ABS and traction control, the latter no doubt handy when you consider those heady power totals.