Welcome back! Did you miss me? Yes, of course you did. There is a lot of “future of transportation” news to keep track of. Let’s jump in.
It’s comeback week, and not just because I have returned from vacation. I’m talking about the biennial IAA Mobility conference in Munich and the purposeful effort among German automakers to show the world it can still offer compelling, technologically advanced, and affordable vehicles. The subtext of the splashy event that started Tuesday: “Hey, China, we’re not out of the race.”
VW Group, Mercedes, and BMW all showcased numerous new vehicles, including electric ones. And executives made their battle cries: VW Group Oliver Blume struck a bullish tone in a few interviews with reporters and laid out the company’s plan to be competitive in China, particularly with EVs, a category where VW has lagged.
But what about on the home front? Chinese automakers have been pushing into Europe, and consumers have responded. The German automakers are hoping their latest products — including a new all-electric Mercedes GLC, the BMW iX3 with its four “superbrain” computers, and the Volkswagen ID Polo and ID Cross concept — will preserve and even grow market share. But they have some work to do. Chinese companies like BYD almost doubled their market share in Europe over the past year, JATO Dynamics reported in July.
One other IAA news item of note: Rimac Technology, the tech and parts unit of Rimac Group, has developed solid-state battery packs it says will be available by late 2027. These batteries apparently pack in the energy and can be charged from 10% to 80% in under 10 minutes.
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A little bird
Image Credits:Bryce Durbin
Hyundai appears to still be committed to Motional, according to two little birds who have shared new investment information with me.
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Hyundai and Aptiv had created a joint venture (called Motional) with an agreement to invest $4 billion in the effort. Aptiv b …