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Foley Automotive Report – Rail, Road & Cycling



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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 Foley relationship partner, or John R.
Trentacosta
or Ann Marie Uetz, to follow up.

Key Developments

  • Foley & Lardner will host a half-day
    Automotive Forum on Wednesday, September
    14,
    at the Detroit Athletic Club to coincide with the
    2022 North American International Auto Show.
    Register HERE to attend the morning forum and hear more
    about key business trends and legal issues impacting the automotive
    industry.

  • LMC Automotive estimates U.S. new
    light-vehicle sales
    reached a cumulative total of just
    over 9 million units between January and August 2022, representing
    a decrease of 15% from the same period last year. Due to factors
    including economic uncertainty and ongoing supply constraints, LMC
    adjusted its full-year 2022 light-vehicle sales
    forecast to 13.8 million units, for a decline of
    7% from 2021 volumes.

  • S&P Global Mobility revised its 2022 U.S. light-vehicle
    forecast to 14.1 million units
    , from a previous projection
    of 14.6 million units.

  • Kelley Blue Book reports the new-vehicle average
    transaction price
    surpassed $48,000 in August 2022,
    representing an increase of approximately 11% compared to the same
    period one year ago.

  • Foley & Lardner Partners shared highlights from their panel discussion at the
    OESA Mobility Supplier Forum held last month at
    SRI International on the campus of Stanford University in Palo
    Alto.

  • The National Highway Traffic Safety
    Administration
    released Cybersecurity Best Practices for the Safety of
    Modern Vehicles
    , which updates voluntary guidance provided by
    the agency in 2016.

  • Electric vehicles and low emissions
    technology
    :

    • The most recent article in Foley &
      Lardner
      ‘s Supply Chain Disruption Series provides an
      overview of current issues affecting the production and supply of
      lithium-ion batteries . Click here to subscribe to the series.

    • Honda and LG Energy Solution
      will invest $4.4 billion to build an EV
      battery factory in the U.S., with the intent to start mass
      production by the end of 2025.

    • Toyota announced a $5.6 billion investment to expand
      electric-vehicle battery production in Japan and the U.S.,
      including $2.5 billion at a recently announced plant in North
      Carolina. Last year, the automaker announced plans to spend over $13 billion by 2030 to
      develop its battery supply chain.

    • The Federal Highway Administration is seeking
      comments on a proposal to temporarily waive certain
      Buy America requirements for electric
      vehicle chargers
      in order to “ensure delivery and
      meaningful results on EV charging projects using Federal-aid
      highway funds.”

    • Washington Gov. Jay Inslee expressed support for adopting
      California‘s requirement that all new cars sold be
      zero-emission vehicles by 2035.While over a dozen
      states have previously followed California’s vehicle emissions
      standards, a number of government and industry representatives pointed to potential
      challenges in mandating ZEVs, including increased costs and strain
      on the electric grid.

Market Trends and Regulatory

  • J.D. Power‘s 2022 U.S. Tech Experience
    Index (TXI) Study ranked Hyundai’s Genesis brand highest
    both overall and among premium brands for adoption and execution of
    new technologies, followed by Cadillac and Mercedes-Benz.[Press
    release only, full report not publicly available
    ]

OEMs/Suppliers

  • Volkswagen is exploring an initial public
    offering for Porsche this fall, and the brand
    could be valued between €60 billion and €85 billion
    according to analysis in The Wall Street Journal.

  • Bridgestone announced a $550 million expansion of its
    plant in Morrison, Tennessee, in order to increase the use of
    advanced technologies such as equipping all tires produced in the
    plant with RFID tags.

  • Stellantis and the National Business
    League
    announced the launch of the National
    Black Supplier Development Program
    , intended to enhance
    business opportunities for selected participants across a range of
    disciplines. The program creators completed a pilot program earlier
    this year.

  • Russia intends to invest billions in domestic
    automotive components production sufficient to meet the majority of
    its market demand by 2035, according to a report in
    Automotive Logistics.
    Sales of automobiles and light
    commercial vehicles in Russia were down by 62% in August compared
    to the same period one year ago, according to data from the
    Association of European Business excerpted in Bloomberg.

  • A new report from Greenpeace predicts 44% of
    global automakers “face a high level of physical risk from
    climate change,”
    with the highest levels of risk
    attributed to Toyota due to the potential effects of heat, water
    supply and hurricanes/typhoons. The analysis is based on data from
    Moody’s ESG Solutions Database on Physical Risk.

Connected/Autonomous Vehicles and Mobility Services

  • Waymo will begin testing autonomous Freightliner Cascadia
    models on public freeways between Dallas and Phoenix, as part of a
    collaboration with Daimler Truck North America
    first announced two years ago.

  • Travel center operator Pilot will partner with automated technology
    developer Kodiak Robotics to develop autonomous
    truck services at Pilot and Flying J travel centers across the
    U.S., beginning with an autonomous truck port in Atlanta.

Electric Vehicles and Low Emissions Technology

  • As part of the U.S. Department of the Interior’s request
    for input concerning U.S. mining laws, Ford urged
    the federal government to improve the permitting process for
    domestic critical mineral mining projects. The Detroit News reports the current
    permitting process can take as long as ten years, compared to two
    to three years in Canada and Australia.

  • The U.S. needs to increase its capabilities in critical
    mineral mining and refining
    to support upcoming EV battery
    production, according to a report in The Wall Street Journal.

  • Bosch announced plans invest over $200 million to
    expand an existing facility in Anderson, South Carolina in order to
    build hydrogen fuel cells for electric
    trucks.

  • Panasonic is considering locations for a $4
    billion EV battery plant in the U.S., according to unnamed sources
    in The Wall Street Journal. In July,
    Panasonic announced plans for a new battery plant in De Soto, Kansas.

  • GM and LG Energy Solution
    began battery cell production at their Ultium Cells LLC joint venture site in Ohio.

  • Global battery-recycling capacity could
    surpass the available scrap supply as soon as this year, and
    shortages could persist “well into the next decade” until
    significant volumes of EVs are ready for recycling, according to
    predictions from Circular Energy Storage referenced in Bloomberg.

  • Mercedes-Benz and Rivian
    formed a strategic partnership to jointly produce large
    electric vans in Europe “starting in a few years.”

  • California-based Harbinger Motors plans to introduce its electric medium-duty vehicles at
    the North American International Auto Show.

  • Stellantis announced its Jeep brand will
    introduce four all-electric SUVs in North America and Europe by
    2025.

  • Volkswagen‘s new CEO Oliver Blume
    expressed support for his predecessor’s EV strategy,
    while noting the automaker will likely produce “low-carbon
    combustion engines for many years to come.”

  • As part of an effort to facilitate mass-market appeal,
    GM‘s upcoming 2024 electric Chevrolet Equinox SUV
    will be priced at approximately $30,000.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

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