Automotive

Hyundai, Suzuki, and Lucid

TL: DR - Hyundai’s Hydrogen car is depreciating rapidly in CA. Suzuki will bring an EV to market by 2025. Lucid exceeded their lowered production target in 2022.
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Hyundai, Suzuki, and Lucid

Hyundai's Nexo Fuel-Cell Crossover depreciates by about $2 an hour. Since hitting the California market in 2018, many NEXOs have made their way into used-car listings at dramatically depreciated prices. A primary factor in the accelerated depreciation is California's almost total lack of hydrogen refueling infrastructure.

Suzuki has revealed its first EV concept to the world. The company's 110 years of experience are mostly associated with ATVs and dirtbikes, but they are still operating production plants worldwide and will look to release EVs for sale in 2025.

Lucid made MORE vehicles in 2022 than projected. The company lowered its annual goal twice over 2022, from 20K to between 6,000 and 7,000 but ended the year with 7,180 total manufactured. The company announced back in November it said it had 34K reservations in addition to a 100K vehicle deal with the Saudi Arabian government.

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