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Electric Vehicle Market Status - Update Manufacturer Commitments to Future Electric Mobility in the U.S
Electric Vehicle Market Status - Update Manufacturer Commitments to Future Electric Mobility in the U.S. and Worldwide September 2020 Contents Acknowledgements ....................................................................................................................................... 2 Executive Summary ...................................................................................................................................... 3 Drivers of Global Electric Vehicle Growth – Global Goals to Phase out Internal Combustion Engines ..... 6 Policy Drivers of U.S. Electric Vehicle Growth ........................................................................................... 8 Manufacturer Commitments ....................................................................................................................... 10 Job Creation ................................................................................................................................................ 13 Charging Network Investments .................................................................................................................. 15 Commercial Fleet Electrification Commitments ........................................................................................ 17 Sales Forecast.............................................................................................................................................. 19 Battery Pack Cost Projections and EV Price Parity ................................................................................... -
Automotive Industry Weekly Digest
Automotive Industry Weekly Digest 12 Apr – 16 Apr 2021 IHS Markit Automotive Industry Weekly Digest - Apr 2021 WeChat Auto VIP Contents [OEM Highlights] GMC reveals Hummer electric SUV, ahead of early 2023 availability 3 [OEM Highlights] Xiaomi to invest up to USD10 bil. in EV production 6 [Sales Highlights] GM to unveil Envision Plus SUV on 18 April, reports sales growth of 69% y/y in China during Q1 8 [Sales Highlights] BYD posts sales growth of 33% y/y during March 9 [Shanghai Motor Show 2021] MG to unveil Cyberster sports car 11 [Shanghai Motor Show 2021] Xpeng to unveil P5 electric sedan 11 [GSP] Greater China Sales and Production Commentary -2021.03 13 [Supplier Trends and Highlights] HKT uses 5G standalone network with network slicing for trials of C-V2X applications 15 [Supplier Trends and Highlights] Commsignia combines cloud and V2X messaging in 4G, 5G V2N solution 15 Confidential. ©2021 IHS Markit. All rights reserved. 2 IHS Markit Automotive Industry Weekly Digest - Apr 2021 WeChat Auto VIP [OEM Highlights] GMC reveals Hummer electric SUV, ahead of early 2023 availability IHS Markit perspective Implications GMC has revealed the GMC Hummer electric SUV, debuted during a college basketball championship tournament on 3 April. The new EV is due in early 2023 as a 2024 model year product. Outlook Between the October 2020 reveal of the GMC Hummer electric pick-up and the Hummer electric SUV, GM has continued to push forward with announcements relative to investment and plans for an all-electric light-vehicle range by 2035. The GMC Hummer electric SUV and pick-up both are to set expectations on delivery of high levels of capability and performance. -
DIAMONDPEAK HOLDINGS CORP. (Exact Name of Registrant As Specified in Its Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 17, 2020 DIAMONDPEAK HOLDINGS CORP. (Exact name of registrant as specified in its charter) Delaware 001-38821 83-2533239 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 40 W 57th Street, 29th Floor New York, New York 10019 (Address of principal executive offices, including zip code) Registrant’s telephone number, including area code: (212) 716-2000 N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☒ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one share of Class A common stock, DPHCU The Nasdaq Stock Market LLC $0.0001 par value, and one-third of one Warrant Class A common stock, par value $0.0001 per share DPHC The Nasdaq Stock Market LLC Warrants to purchase Class A common stock DPHCW The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). -
Sales Release
For Release: April 1, 2021 GM’s First Quarter U.S. Retail Sales Grow 19 Percent • GMC and Chevrolet continue to dominate full-size SUV segment • Cadillac and Buick retail deliveries both increased by 43 percent • Chevrolet’s all-electric Bolt EV delivered its best first-quarter sales ever • Sales to small businesses were up 27 percent in the quarter • GM sets first-quarter record with average transaction prices at $40,353 DETROIT — General Motors Co. (NYSE: GM) announced today it sold 642,250 vehicles in the U.S. in the first quarter of 2021, with retail deliveries up 19 percent and fleet sales down 35 percent year over year. Total sales were up 4 percent compared to a year ago. All four GM U.S. brands had double-digit year-over-year increases in retail sales. “Over the last year, our dealers, supply chain and manufacturing teams have gone above and beyond to satisfy customers as demand for GM products rose sharply,” said Steve Carlisle, GM executive vice president and president, North America. “The great teamwork continues. Sales are off to a strong start in 2021, we are operating our truck and full-size SUV plants at full capacity and we plan to recover lost car and crossover production in the second half of the year where possible.” GM estimates the U.S. retail SAAR in the first quarter of 2021 was 14.6 million units and the total U.S. light vehicle SAAR was 16.7 million units. “Consumer confidence and spending will continue to increase due to stimulus, rising vaccination rates and the progressive reopening of the economy,” said Elaine Buckberg, GM chief economist. -
GM EV Battery That'll Last a Million Miles Is Almost
NEWS FORUM PHOTOS TIP US JOBS SUBSCRIBE SIGN UP SIGN IN + Sponsored Links ( ) * -40% NEWS FORUM PHOTOS TIP US JOBS SUBSCRIBE SIGN UP SIGN IN CHEVROLET BUICK GMC CADILLAC HUMMER BAOJUN ONSTAR BUSINESS FUTURE CARS RACING REVIEWS VIDEOS GM AUTHORITY NEWSLETTER GM EV Battery That’ll Last A Million Miles Is Almost Subscribe for free to receive our daily newsletter in your inbox. * indicates required Here First Name BY JONATHAN LOPEZ — MAY 19, 2020 $ 7 Last Name Email Address * Subscribe SPONSORED LINKS Sponsored Links -42% -40% Come Back & Save 15% General Motors is working towards becoming an electric vehicle leader in the next few years, and to that end, the automaker is developing a host of new technologies and products. That includes a new GM EV battery that’ll last a million miles, which, according to a top executive, is now “almost there.” FRESH OFF THE PRESS % & $ GMC Hummer EV Removable Roof Panels Con!rmed May 20, 2020 Wuling Rong Guang EV Is Brand’s First Electric Minivan May 20, 2020 1959 Chevrolet Apache Rendered With Cadillac Styling Cues May 20, 2020 2010 Camaro SS Indy 500 Pace Car With Just 719 Miles For Sale May 20, 2020 2021 GMC Yukon Air Chevrolet Bolt EV lithium ion battery pack Suspension Price Revealed May 20, 2020 The news was announced earlier today by GM Executive Vice President Doug Parks during a call held with investors and members of the media. Parks did not provide a speci!c release date for the new GM EV battery. Chevrolet Traverse Discount Drops Price By $6,000 In May To note, current electric vehicle batteries typically last between 100,00 and 200,000 miles before encountering 2020 signi!cant performance degradation, although this can vary with use case and environment. -
2022 Fleet Guide
2022 FLEET GUIDE WHY GM ELECTRIC CARS SUVs/ TRUCKS VANS SPECIALTY RESOURCES FLEET VEHICLES CROSSOVERS VEHICLES To say it has been an extraordinary year would be the As the industry evolves, your business and fleet vehicles understatement of my life. Not even the most powerful likely will as well. We want to be with you on this journey. crystal ball could have predicted how our world would transform and the importance placed on personal Our promise to you is to provide great products and connections and communication. services, an exceptional customer experience and the innovative business solutions you need to keep your Being challenged in such an unprecedented way has given business moving forward. us all the latitude to innovate. We have been working from home offices all over the country to stay connected with Working together, we will continue to rebuild and recover you, understand the challenges you are facing and figure from the pandemic. As we do, know our team of more than out how we can help. Do I miss looking you all in the eye and 250 dedicated fleet employees is here to help your business shaking your hands? Absolutely! But I am happy to say our prosper — and we are here to help transform your fleet as GM Fleet team is more resilient than ever, operating at the the industry progresses. highest level I have ever witnessed in my personal history with General Motors. Your success is our success, and we will go the extra mile for your business. As you make plans to refresh your fleet this At the corporate level, I am proud of GM’s continued focus year, we hope you will consider our team here at General on its vision of a world with zero crashes, zero emissions and Motors Fleet. -
Optimizing the Impactof Electrifying Fleets
Optimizing the impact of Electrifying Fleets Ideas to successfully transition fleets to EVs MARCH 21, 2021 June 2021 eIQ Mobility:Mobility: market Market leader leader in fleet in electrification fleet electrification assessments assessments ► »Leading#1 provider provider of fleet of electrificationfleet electrification assessment assessment solutions for solutionsutilities, OEMs, for utilities, and fleets. OEMs, and fleets, acquired by NextEra Energy Resources in 2020. ► Widest experience with light-, medium- and heavy-duty »Deepvehicles experiencefor utilities, with telecom, utilities, delivery,telecom, pharma, package food & delivery,beverage, pharma, cities, states, food & universities, beverage, cities, K-12, states,and other fleets universities, K-12, and other fleets dozens major customers » Widest market data in the industry » Grid emissions & rates for all 50 states » 150 + EV models & specs, 200+chargers, 150,000+ vehicles » 100s of federal & utility incentives, weather »Fleet & vehicles in all 50 states + Canada, including in TX, CA, IL, MO, CO, MD, PA, DC, OR 4+ Million trips »Work with sedans, SUVs, pickups, delivery vans, box trucks, hydraulics, semi tractors, in take-home and depot-based used cases. 350+ Million miles PROPRIETARY & CONFIDENTIAL 4 Fleets are a huge segment PROPRIETARY & CONFIDENTIAL Auto manufacturers invest $250 billion in EVs for the US Source: Bloomberg News 2021 Rivian R1T Tesla model 3 Nissan Ariya VW ID4 Ford Transit EV GMC Hummer EV Lordstown Endurance GM Silverado Tesla Cybertruck Ford F150 EV Tesla Semi Chanje EV delivery Rivian Amazon LION 8 truck Daimler eCascadia Volvo VNR EV Arrival UPS MOTIV box truck Lightning E-450 Nikola Refuse Bollinger class 3 Peterbilt 220 EV PROPRIETARY & CONFIDENTIAL Growing Policy, and sustainability mandates Santa Monica, CA VA passes 5 EV-friendly bills 15 states follow CA clean car standards PROPRIETARY & CONFIDENTIAL Fleet Electrification is a very complex journey Source: 300+ interviews, dozens of fleet customers, and 120,000+ vehicles analyzed by eIQ Mobility 1. -
GM's Zero Emissions Vision: Manufacturing Investments
GM’s Zero Emissions Vision: Manufacturing Investments GM has announced multi-billion-dollar investments in its all-electric future that are creating thousands of new, good-paying U.S. jobs. Detroit-Hamtramck will be GM’s first assembly plant 100-percent devoted to electric vehicle production. • In January 2020, GM announced a $2.2 billion investment at its Detroit-Hamtramck assembly plant to produce a variety of all-electric trucks and SUVs, including the GMC HUMMER EV pickup and the Cruise Origin shared, electric, self-driving vehicle. • When the plant is fully operational, this investment will create more than 2,200 good-paying U.S. manufacturing jobs. • GM will also invest an additional $800 million in supplier tooling and other projects related to the launch of the new electric trucks. GM and LG Chem have teamed up to mass produce battery cells for future battery-electric vehicles. • In December 2019, GM and LG Chem announced plans to build a $2.3 billion plant in Lordstown, Ohio to mass produce battery cells for electric vehicles. • The joint venture is expected to create more than 1,100 new, good-paying jobs. • The plant, which will be about the size of 30 football fields, will have an annual capacity of more than 30 gigawatt hours and room for expansion. • Site assessments and the permitting process are underway, and groundbreaking is expected to occur in the spring of 2020. GM is investing $300 million in its Orion Township, Michigan, assembly plant to produce the Chevrolet Bolt EUV, adding 400 jobs. • The Bolt EUV is designed and engineered off an advanced version of the award-winning Bolt EV architecture, and they will be built side by side. -
Earnings Release with Financial Highlights
THIRD-QUARTER 2020 EARNINGS GM Delivers Income of $4.0B and EBIT-adj. of $5.3B • EPS-diluted of $2.78 and EPS-diluted-adjusted of $2.83 • EBIT-adjusted margin of 14.9 percent driven by a strong product lineup, disciplined pricing and cost actions • Strong automotive liquidity of $37.8 billion; expect to repay revolver balance by year-end Q 3 2020 RESULTS OVERVIEW Net Revenue Income Auto Operating Cash Flow EPS-Diluted* GAAP $35.5B $4.0B $9.9B $2.78 vs. Q3 2019 0% 74% $4.9B 74% EBIT-adj. Margin EBIT-adj. Adj. Auto FCF EPS-Diluted-adj.* Non-GAAP 14.9% $5.3B $9.1B $2.83 vs. Q3 2019 6.5 pts 78% $5.4B 65% *Includes $0.05 benefit from PSA revaluations. This year, and the third quarter, is a testament to GM’s resilience. We entered the pandemic in a strong position and acted decisively to keep our teams safe, conserve cash and preserve liquidity, all while keeping our critical product programs on track. Now we are well positioned to meet rising customer demand, accelerate our transformation and deliver our vision of a world with zero crashes, zero emissions and zero congestion.” “ – Mary Barra, Chairman & CEO RESULTS DEMONSTRATE RESILIENCE POWERING GM’S ALL-ELECTRIC FUTURE GM’s third-quarter results prove the company can GM is making significant investments in product effectively manage the business through a global development and manufacturing to accelerate progress economy under severe stress. This is a result of its toward an all-electric future. agility, and strong and growing franchises. -
Virtual Analyst Event
Virtual Analyst Event September 17, 2020 1 Disclaimer This presentation is being furnished solely for the purpose of considering a potential transaction involving DiamondPeak Holdings Corp. (“DiamondPeak”) and Lordstown Motors Corporation (the “Company”). By accepting this presentation, the recipient acknowledges and agrees that all of the information contained herein is confidential, that the recipient will distribute, disclose and use such information only for such purpose and that the recipient shall not distribute, disclose or use such information in any way detrimental to the Company. ANY SECURITIES OF DIAMONDPEAK TO BE OFFERED IN ANY TRANSACTION CONTEMPLATED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY APPLICABLE STATE OR FOREIGN SECURITIES LAWS. ANY SECURITIES TO BE OFFERED IN ANY TRANSACTION CONTEMPLATED HEREBY HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION OR OTHER UNITED STATES OR FOREIGN REGULATORY AUTHORITY, AND WILL BE OFFERED AND SOLD SOLELY IN RELIANCE ON THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS PROVIDED BY THE SECURITIES ACT AND RULES AND REGULATIONS PROMULGATED THEREUNDER (INCLUDING REGULATION D) OR REGULATION S UNDER THE SECURITIES ACT. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY IN ANY STATE OR OTHER JURISDICTION TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION IN SUCH STATE OR JURISDICTION. Any investment in or purchase of any securities of DiamondPeak is speculative and involves a high degree of risk and uncertainty. Certain statements in this presentation may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, each as amended. -
March-April 2021
news & features March-April 2021 AZ Dept of Transportation ADOT Updates A..................................................................5 Deck Park Tunnel turns 30, receives new lighting; online driver’s licensing. A Week With 2021 Dodge Charger SRT Hellcat Redeye Widebody........10 Special Events Arizona Auction Week 2021 at halftime B.........................12 Pandemic restriction uncertainty threw a wrench in this major event week as we know it, yet quite a bit happened nonetheless. Special Events Arizona Auction Week 2021: the rest B ............................15 Lockdown-adaptive events carry on in a variety of ways. A Week With 2021 Toyota GR Supra 3.0 Premium...................................16 Automotive Books Automotive books by Martyn L Schorr.............................19 A Week With 2021 Lexus LC 500 Convertible .........................................20 Motorsports Phoenix Raceway NASCAR weekends 2021 C ...............23 Road Trip Valentine AZ on Route 66 / 2021 Acura NSX D ...............24 A road trip is always good; Route 66 is always good; when a Valencia Red Acura NSX is in our hands just in time for Valentine’s Day, the stars’ alignment proves irresistible. By Tyson Hugie Arizona Business Bondurant police, military, special forces training E.....29 A Week With 2021 Ford Bronco Sport Big Bend 4x4.............................30 Arizona Business Nikola Motor Corporation updates F ...............................33 Arizona-based Nikola has news of new utility deals, extensive rapid progress on their assembly plant, and more. New Vehicle Intro Drive 2021 Kia Sorento Hybrid EX...............................................34 Automotive Books New automotive books from Veloce Publishing..............37 A Week With 2021 Toyota Tundra 4x4 CrewMax Limited Nightshade ..38 ARIZONA FLYER MAGAZINE Hybrid-electric aircraft concept.........................................41 MIT has been developing an innovative airplane propulsion system with major ramifications and many possibilities. -
First-Ever Chevrolet Silverado Electric Pickup and GMC HUMMER EV
News For Release: Tuesday, April 6, 2021, at 12 p.m. ET First-Ever Chevrolet Silverado Electric Pickup and GMC HUMMER EV SUV to be Built at GM's Factory ZERO Plant Factory ZERO renovations on track to build the GMC HUMMER EV supertruck DETROIT – General Motors President Mark Reuss today announced Chevrolet will introduce a Silverado electric pickup truck that will be built at the company’s Factory ZERO assembly plant in Detroit and Hamtramck, Michigan. Reuss also confirmed the recently revealed GMC HUMMER EV SUV will be built at Factory ZERO. GM plans to deliver more than 1 million electric vehicles globally by 2025 and earn EV market leadership in North America. With the company’s Ultium Platform, virtual development tools and technology, GM has reduced vehicle development times by nearly 50 percent to just 26 months. The Chevrolet Silverado electric full-size pickup is designed from the ground up to be an EV, harnessing the best of the Ultium Platform and Silverado’s proven capability. The electric Silverado will offer customers a GM-estimated range of more than 400 miles on a full charge*. Retail and fleet versions will offer customers a variety of options and are expected to be in high demand. Today’s announcement affirms Chevrolet’s commitment to build on the brand’s 100 years of truck expertise and leadership, while transitioning to an all-electric future in the light-vehicle space. “The vehicles coming from Factory ZERO will change the world, and how the world views electric vehicles,” said Reuss. “The GMC HUMMER EV SUV joins its stablemate in the realm of true supertrucks, and Chevrolet will take everything Chevy’s loyal truck buyers love about Silverado — and more — and put it into an electric pickup that will delight retail and commercial customers alike.” The 2024 HUMMER EV SUV is the next chapter in the HUMMER EV story, offering more options for customers to tailor the truck to their lifestyles, while continuing to encourage them to forge new paths with zero emissions.