🚋 Mobility Futures #7

HolonIQ's mobility futures coverage for the week ahead.

Our Climate Tech coverage has grown significantly and due to popular demand, we're splitting out our coverage into weekly Energy Futures, Enviro Futures, Infra Futures and Mobility Futures newsletters over the coming weeks.

This newsletter is 'Mobility Futures,' you can update your subscriptions to any of the other weekly newsletters here.

Happy Monday 👋

Canada's imposition of a 100% tariff on Chinese EVs, starting October 1st, reflects a broader trend seen in the US and EU with respective governments trying to boost domestic production. However, some Chinese-based companies, such as Xpeng, have plans to establish EV production and a data center in Europe to bypass these tariffs. Meanwhile,  Chinese companies like Geely, Chery, and JAC are continuing to expand into the Algerian market by setting up manufacturing facilities. In the aviation sector, Supernal revealed a new landing system for eVTOL aircraft, enhancing precision in challenging conditions. On the railway front, Costa Rica's electric train project secured significant funding from the European Investment Bank, while Wärtsilä and Eidesvik Offshore signed a pioneering deal to use ammonia as fuel in shipping. 

🚘 Ground Mobility

⚡ Canada Slaps 100% Tariff on Chinese Electric Cars. Canada imposed a 100% tariff on imported electric cars manufactured in China, mirroring similar actions taken by the US and the European Union over the last few months. These tariffs will come into effect on October 1st.

🚗 Xpeng Plans European EV Production and Data Center. Xpeng, a Chinese electric vehicle company, intends to build electric vehicles in Europe to circumvent tariffs. Additionally, the company will set up a large data center in Europe to support intelligent driving features in its vehicles.

🚗 Chinese Automakers Expand into Algerian Market. Chinese automakers Geely, Chery, and JAC are establishing car manufacturing facilities in Algeria to strengthen their foothold in the North African market.

🛬 Aviation

🚁 Supernal Unveils Details of Advanced Landing System for eVTOL Aircraft. Supernal detailed its fiducial-based landing navigation system, which uses custom patterns detected by cameras for precision landings in urban air mobility vehicles, including in fog and low-visibility conditions.

🛫 New Project Explores Composite Materials for Air Mobility. The launch of the 'Propellers and Rotors' Joint Partner Project aims to investigate the potential of composite materials and technologies for future product concepts related to air mobility and wind energy systems.

✈️ New Aviation Standards Introduced. The Australian Government has released its Aviation White Paper, introducing stricter regulations and standards for the aviation industry regarding decarbonization, transparency, and competition.

🚋 Rail

🚉 Costa Rica's Electric Train Project Secures Major Funding. Costa Rica's $800M electric train project is set to receive $550M in funding from the European Investment Bank (EIB), which is currently evaluating the project.

🚄 Czech Railways Equips Trains with New Safety Technology. České dráhy (ČD), the Czech national railway operator, installed the on-board European Train Control System (ETCS) on 422 of its vehicles and intends to equip more rolling stock with this new safety technology.

🚆 Etihad Rail Unveils Sustainable Finance Framework. Etihad Rail, the company responsible for developing and operating the UAE's national rail network, launched its Sustainable Finance Framework, prioritizing industrial sustainable growth.

🚢 Marine

⚓️ Pioneering Deal Fuels Ammonia Demand in Shipping. Wärtsilä and Eidesvik Offshore signed a deal to use ammonia as a fuel for ships, pioneering the growing demand for ammonia in the shipping industry.

⛴️ US Launches First Hydrogen-Powered Passenger Ferry. A hydrogen-powered passenger ferry has begun operations in the US, marking a significant step towards sustainable transportation.

⛵ ENVGO Launches Electric Hydrofoiling Boat with Long Range. ENVGO, a new company, has launched the NV1, an all-electric hydrofoiling boat with an 80-mile range and DC charging capability, putting a unique spin on the maritime industry.

💰 Deals of the Week

🌱 Sunswap Raises $21.8M to Decarbonize Cold Chain Logistics. Sunswap, a London-based clean-tech startup, raised $21.8M in funding to decarbonize cold chain logistics.

🚲 Vietnamese E-Bike Maker Dat Bike Secures $4M Convertible Loan. InfraCo Asia announced on August 26 that it provided a $4M convertible loan to Dat Bike, a Vietnamese electric two-wheeler manufacturing company.

🔋 Wright Electric Wins FAA Grant for Ultra-Lightweight Battery Development. Wright Electric, an aviation company, and its partners were awarded a $3.34M grant from the Federal Aviation Administration's FAST program to develop ultra-lightweight batteries.

🚌 GO Riteway Expands Operations with Westlund Bus Lines Acquisition. GO Riteway, a transportation company based near Milwaukee, acquired Westlund Bus Lines, allowing it to expand its operations into northern Wisconsin.

🚚 ARK Venture Fund Invests in Gatik AI's Self-Driving Truck Fleet. ARK Venture Fund, a venture capital firm, invested in Gatik AI, a company developing autonomous trucks for short-haul logistics.

Thank you for reading. Have a great week ahead!
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