AD #3344 – ELMS: First EV SPAC Startup to Fail; NIO Confirms Plans for U.S. Market; BMW M2 Features Lots of Piston Power

June 13th, 2022 at 11:54am

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Listen to “AD #3344 – ELMS: First EV SPAC Startup to Fail; NIO Confirms Plans for U.S. Market; BMW M2 Features Lots of Piston Power” on Spreaker.

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Runtime: 9:50

0:08 ELMS Is 1st EV SPAC Startup to Fail
1:16 NIO Confirms Plans for U.S. Market
1:47 NIO Posts Big Operating & Net Losses in Q1
2:18 Tesla Wants 3:1 Stock Split
3:26 GM Defense Expands Outside U.S.
3:58 Consumers Warm Up to AV Shuttles
4:42 Honda 3-Wheel EV Scooter
5:16 BMW M2 Features Lots of Piston Power
6:56 AvtoVAZ Is Back in Production
7:38 Schaeffler Unveils Compact E-Axle
8:36 Lockheed & GM Headed to The Moon

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10 Comments to “AD #3344 – ELMS: First EV SPAC Startup to Fail; NIO Confirms Plans for U.S. Market; BMW M2 Features Lots of Piston Power”

  1. Buzzerd Says:

    I’m currently traveling in Norway and you certainly notice a lot of EVs on the road here. Must be at least 30% with charging stations all over.

  2. Lambo2015 Says:

    Sean; It would be interesting to see a chart showing the number of EV start ups and fails over the last couple years. Probably a difficult task as we seem to hear of an unknown start up only when they make an announcement or are on the edge of chapter 11. But I have faith in you.

  3. GM Veteran Says:

    Its sad what Putin has done to the Russian economy over the last ten years. Its unfortunate, but that Lada sounds like all that most of the Russian population can afford. Once a prosperous and rising economic star, Russia’s economy now resembles India’s more than any other country I can think of.

  4. GM Veteran Says:

    I wonder what company will buy up the assets of ELMS at firesale prices, and what company may decide to fill the market niche ELMS was going after?

  5. Lambo2015 Says:

    Wonder why GM defense needs to expand outside the US? Don’t we typically just send troops and equipment overseas and just leave them? These other countries get them for free and delivered. ;-)

  6. Lambo2015 Says:

    Consumers warm up to AV shuttles and I believe they are being introduced properly. Low speed inner city transports. The question will be, Will consumers be as comfortable with and AV transporting them at hwy speed? Personally I would have much more reservation letting an AV drive me at 65mph than tooling around town at the speed of a moped. But its a good start.

  7. Kit Gerhart Says:

    4 Maybe AM General will want it, if they get some new contracts. It was part of their facilities where GM built Hummers.

  8. Kit Gerhart Says:

    3 It’s even sadder what Putin has done to Ukraine, killing thousands of people, and reducing cities to rubble.

  9. GM Veteran Says:

    #8 Agreed. Its hard to imagine how well that will work out for him if he does “win” this war. I don’t see a very cooperative population of Ukrainians exploiting their country’s natural resources and farmland for Mother Russia.

  10. SpicyMB Says:

    1 Ask a local about tax rate on buying a New EV vs. a new petrol-engine vehicle! Should be a fun convo