Industry Notes
June 22, 2023
Yesterday (6/21), the European Automobile Manufacturers Association released car registration data from the region for the month of May, which supported our recent checks of more predictable auto supply chains, some better than expected demand…
June 12, 2023
This morning, ChargePoint (CHPT; $8.56; O/P) and Tritium (DCFC; $1.12; O/P) both announced plans to offer their respective hardware solutions with connector options for the North America Charging Standard (NACS), which was developed by Tesla…
June 9, 2023
We think today’s severe drop in the shares of ChargePoint (CHPT; $8.32; O/P) and Tritium (DCFC; $1.08; O/P) to news that drivers of General Motors’ (GM; $36.53; NR) electric vehicles will be able to charge…
May 17, 2023
This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of April. Overall, European vehicle registrations in April (~20% of global demand) were down only 10% MoM, or…
May 15, 2023
Our latest look at aggregate inventories up and down the supply chain, across OEMs, component makers, EMS providers and distributors (27 companies with $84B in annual inventories ex-Apple exiting CQ1), pointed to new levels of…
May 8, 2023
Last week, we were at the extremely well attended Advanced Clean Transportation (ACT) Expo in Anaheim, CA, highlighting the immense ongoing business activity around commercial electric vehicles, hydrogen fuel cells, and charging infrastructure. We were…
April 20, 2023
Yesterday (4/19), the European Automobile Manufacturers Association released car registration data from the region for the month of March. The data provides further support for the idea that auto supply chains have proven more predictable…
April 14, 2023
We continue to see net positive indicators for electric vehicle (EV) charger demand, especially when it comes to direct current (DC) fast charger demand, which continues to bode well for ChargePoint (CHPT; $8.55; O/P) and…
April 13, 2023
We see some further estimate cuts ahead for a range of the technology supply chain players we follow with the upcoming CQ1 EPS season. On the plus side, our checks suggest CQ1 sales and profits…
April 4, 2023
There has been a “rush” of news on the electric vehicle (EV) charging front over the past couple of weeks that we think continues to net out positively for ChargePoint (CHPT; $10.31; O/P) and Tritium…
March 21, 2023
This morning, the European Automotive Manufacturers Association released car registration data from the region for the month of February. Overall, European car registrations (15-20% of global demand) declined 1% MoM from January or above historical…
March 14, 2023
Last night, the California Court of Appeal overturned a lower court’s ruling that found Proposition 22 to be unconstitutional. Prop 22, which defines app-based drivers and couriers as independent contractors with certain work-hour based benefits,…
March 9, 2023
Earlier this week (3/7), we attended Visteon’s (VC; $170.57; NR) highly informative Investor Day in New York, which highlighted attractive content trends around digital cockpit electronics, in-vehicle displays and electrification, which should remain key mobility…
March 6, 2023
We think recent news flow further highlights how Uber Technologies (UBER; $34.57; O/P), as well as DoorDash (DASH; $57.34; E/W), continue to build out commercial partnerships within increasingly important non-restaurant categories to drive revenues, including…
March 3, 2023
We think Tesla’s (TSLA; $199.25; NR) Investor Day on Wednesday (3/1) provided further support for the idea that electronics manufacturing service (EMS) providers, especially Flex (FLEX; $23.03; O/P) and Jabil (JBL; $85.47; O/P), as well…