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Analysis by Julie Dautermann, Competitive Intelligence Analyst

This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Contact your �鶹��ý relationship partner, or John R. Trentacosta or Ann Marie Uetz, to follow up.

Key Developments

• U.S. new vehicle average transaction prices , and are up by over 13% compared to November 2020.
  
  
• In an effort to strengthen global semiconductor supply chains, Stellantis with contract manufacturer Foxconn to design semiconductors for use in the automaker’s vehicles by 2024, and BMW with Inova Semiconductors and Globalfoundries Inc. to secure a supply of “several million” chips per year for use in in-car lighting systems.
  
  
• Software-based services are increasingly an , but it is unclear whether consumers will be willing to pay for software subscriptions. By 2030, GM to receive up to $25 billion in annual revenue from software-enabled products and services, and Stellantis a goal to generate up to 20 billion euros in annual revenue.
  
  
• The Center for Automotive Research provided on automotive industry greenhouse gas performance, as well as usage of EPA carbon credits.
  
  
• Intel is in the next year for its autonomous vehicle business unit Mobileye. Intel acquired the company in 2017 for approximately $15 billion.
  
  
• Electric vehicles and low emissions technology:
  
  
• The Biden administration its strategy for building a nationwide network of charging stations for electric vehicles.
  
  
• More than 50 U.S. power companies are partnering to build a coast-to-coast charging network for electric vehicles by the end of 2023, as part of the newly formed .
  
  
• President Joe Biden signed an in support of a goal to reach net-zero greenhouse gas emissions across federal government operations by 2050, which includes the requirement that federal agencies buy only zero-emissions vehicles by 2035.
  
  
• The Alliance for Automotive Innovation released its that comments on topics including charging rates, network requirements, pricing and station layout.
  
  
• The Wall Street Journal published an overview of the .

Market Trends and Regulatory

• The Canadian government, in line with , stated that it could in response to proposed U.S. legislation that would offer consumer tax credits for electric vehicles that are union-made in the U.S. Prime Minister Justin Trudeau that conversations to resolve the dispute are ongoing, and include the option of aligning EV incentives to ensure there are “no unfair advantages on one side or the other.” The EU also to Senate leadership about the proposal’s potential to result in discrimination against European cars and car parts.

OEMs/Suppliers

• Bosch and Volkswagen are to be nearing an agreement to collaborate on automotive software.
  
  
• Toyota temporary production shutdowns in Japan due to parts shortages, affecting output of Lexus models and the Toyota Land Cruiser. Last month Toyota announced normal levels of production in December at its plants in Japan.
  
  
• Volkswagen Group is to be considering an initial public offering for its Porsche brand, as part of an approach to fund its shift toward software and electrification.
  
  
• Ford over $900 million to modernize its two plants and its supply chain network in Thailand.
  
  
• Volvo focused on its R&D property, and concluded that there may be an “impact on the company’s operations.”
  
  
• Daimler Truck December 10 on the Frankfurt Stock Exchange under the stock symbol DTG, following its spinoff from Daimler AG.

Connected/Autonomous Vehicles and Mobility Services

• The San Francisco Municipal Transportation Agency (SFMTA) is  from GM subsidiary Cruise to charge for robotaxi rides in the city. The agency’s concerns include commercial vehicles stopping in a travel lane and failing to offer service in low-income areas. Cruise its commercial taxi service in 2022, beginning in San Francisco.
  
  
• The Interstate 45 highway between Houston and Dallas is becoming a .

Electric Vehicles and Low Emissions Technology

• GM’s electric delivery van brand BrightDrop last week in Los Angeles. Brightdrop will provide its EV600 and EV410 midsize delivery vans to its first major customers, and . 
  
  
• Battery manufacturer LG Energy Solution hopes to raise in its upcoming IPO, reflecting a market value of $59 billion for the company.
  
  
• Plant updates:
  
  
  • GM is Lansing, Michigan for the site of a new $2.5 billion battery cell plant to be operated with its joint venture partner LG Energy Solution, according to tax incentive documents filed with the city. The automaker is also pursuing plans to convert its Orion Assembly plant into a hub for electric pickup trucks.
    
    
  • Rivian may announce a new manufacturing site in Georgia, according to that have not been confirmed by the company.
    
    
  • GM over $50 million at its Bedford, Indiana facility to build drive unit castings for applications including the upcoming electric Chevrolet Silverado</strong>; the automaker of the electric Silverado in early 2023 at its Factory Zero Detroit-Hamtramck Assembly Center.
    
    
  • Volvo and Northvolt AB will open a joint , and the companies intend to announce the site of their upcoming European battery plant in early 2022.
    
    
• Volkswagen a joint venture with Umicore and a long-term agreement with Vulcan Energy Resources Ltd., to secure raw materials necessary to support its strategy of establishing six European battery plants by 2030.
  
  
• Ford to reach 200,000 annual production units of its all-electric Mustang Mach-E by 2023 for North America and Europe. This vehicle has reached sales of over 24,000 units in the U.S. as of November 1.
  
  
• As part of its ongoing plans to establish and strengthen its supply chain for electric vehicles, GM announced partnerships with rare earth materials provider , and advanced magnetic materials producer .