Industry Round-Up: GM, VW, BYD, Lucid, and Honda

Some Q3, a robot, and a delay. ๐Ÿ“ˆ๐Ÿ“‰๐Ÿค–
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Industry Round-Up: GM, VW, BYD, Lucid, and Honda

GM Delays EV Truck Production

โ€œA truck that is good at waitingโ€ Midjourney/ASOTU

GM is postponing its electric truck production at the Michigan-based Orion Township plant until late 2025, citing evolving EV demand. This comes amid slower-than-expected EV growth, with even Ford adjusting shifts for its F-150 Lightning EV. GM's move won't affect its battery plant initiatives.

Volkswagen's Mixed Q3 for EVs

Volkswagen Group set a new record with 209,900 all-electric vehicle (BEV) sales in Q3 2023, a 40.5% increase from last year. However, despite this growth, overall BEV sales are below their targets due to Europe's market reluctance. VW's leading EV model remains the ID.4, with the ID.3 and Audi Q4 e-tron trailing behind. The company's progress suggests they might fall short of achieving one million BEV sales this year.

BYD's SEAL in Australia

โ€œAn average Australian driving an EVโ€ Midjourney/ASOTU

BYD is launching its SEAL electric sedan in Australia, priced at AUD 49,888 - a solid $12,000 less than Tesla's Model 3. Unveiled during a livestream, the SEAL is BYD's third EV for the Australian market. Featuring three trims, a 460 km range, and a sleek design, it aims to be a strong Tesla and Polestar competitor.

Lucid's Q3 Delivery Update

Lucid delivered 1,457 Air sedans in Q3, missing Wall Street's 2,000-vehicle estimate, causing a 3% share dip. However, the company is sending over 700 vehicles to Saudi Arabia for final assembly. Lucid's luxury EV has faced demand concerns despite its stellar range and reviews, largely due to its high price. Earnings are set to be revealed on Nov. 7.

Honda's Airport Robot


Honda has unveiled an autonomous work vehicle (AWV) to manage repetitive airport tasks. Currently on trial at Toronto Pearson Airport for perimeter fence checks, the electric AWV can haul cargo, tow baggage, and map areas. Born from Honda's rich robotics history, it showcases AI's potential in diverse tasks.


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