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trendingreportz · 2 months ago

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Consumer Telematics Systems Market - Forecast (2024 - 2030)

Global Consumer Telematics Systems Market Size is forecast to reach $ 354054.3 Million by 2030, at a CAGR of 26.5% during forecast period 2024-2030. Passenger vehicles is having the highest market share in the year 2017 and is followed by commercial vehicles. They are valued $7.4 billion and $5.7 billion in the year 2017 and is expected to grow with a CAGR of 26.5% and 28.02% during 2024 to 2030.

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What is Consumer Telematics Market?

Telematics is a device used to transfer large amount of information from one vehicle to infrastructure of other vehicle. Telematics monitor the vehicle by GPS system which records and map the exact location of the vehicle which also gives the information on how fast the vehicle is travelling. Telematics can also help in providing information about the vehicle management like maintenance schedule, fuel monitoring and seat belt monitoring. Consumer telematics is segmented based on the fleet management system improve driver safety and increase the efficiency by providing the road delays which helps the drivers to reroute and save the drivers time and deliver the goods in time which will also increase the job satisfaction by having more control over the daily routes by which the operating costs is going to reduce. The sensors deliver an alert message to the driver if there is a problem in the engine and other diagnostic issues.

What are the major applications for Consumer Telematics Market?

The end users of consumer telematics market are education, health care, media and entertainment. Telematics in healthcare connects the systems to doctors, pharmacies, hospitals and health insurers with each other.

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Market Research and Market Trends of Consumer Telematics Market:

Fleet management is evolving its benefits from advancements in technology. The next addition in fleet management is including the over-the-air (OTA) security and control the vehicle which is known as drones.

To Increase the safety and security in the truck many countries have mandated the eCall regulation which aims to deploy a device in the vehicle that will automatically dial the security number if there is any road accidents and coordinate with the local emergency agencies. This eCall is going to reduce the emergency response time by 40% in urban areas and 50% in rural areas.

The large mirrors of the trucks are been replaced by a system of cameras and digital displays which is going to improve the driver safety. This system features multiple individually wired cameras that protect from malfunction. The images appear on digital displays mounted on the interior pillars on either side of the windshield and the in the center of the where a rearview mirror typically is located as well as on the dashboard. The camera lenses are heated to protect from ice and frost. They also have a special coating that resists moisture.

The new launch of voice assistant which enables the users to control the vehicle temperature and also analyze the driver needs based on route and behavior to automatically operate the music and the navigation in the vehicle.

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Who are the Major Players in Consumer Telematics market?

The companies referred in the market research report includes Astrata Group, Bayerische Motoren Werke AG, Ford Motors, General Motors Company, Harman Infotainment, Toyota Motor Corporation, Bosch Automotive, Alpine Electronics Co, Continental Automotive and more than 10 other companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

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Key Takeaways from this Report

Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.

Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.

Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

Analyze the sales and distribution channels across key geographies to improve top-line revenues.

Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Key Market Players:

The Top 5 companies in the Consumer Telematics Systems Market are:

Astrata Group

Geotab Inc.

Verizon Communications Inc

Fleet Complete

Samsara

#consumer telematics #consumer telematics market #telmatics market #telmatics marketsize #telematics market size #consumer telematics market size #fleet telematics #navigation from telematics #vehicle tracking solutions #telematics system #telematics #telematics companies #telematics gps

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cocktailsfairytales · 3 months ago

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Second Chance With a Cowboy

by Jennie Marts Books

(The Lassiter Ranch Series, #3)

Publication date: September 24th 2024

Genres: Adult, Contemporary, Romance

Synopsis:

Second Chance With a Cowboy: A Wounded Cowboy/Curvy Heroine, Second Chance, Small Town Western Romance

Three abandoned cowboys, born in heartbreak and bonded by brotherhood, are brought together by the fierce love of the grandparents who took them in and the ranch that’s the only home they’ve ever known…

He gave her up once, but will he risk everything for a second chance?

Ford, Dodge, and Chevy Lassiter are three half-brothers whose mother named them after the trucks that their dead-beat dads drove away from them in. Chevy is the middle brother, the easy-going flirt who uses his charm to keep anyone from getting too close. He’d only let himself fall in love once…but then he’d pushed her away so she could chase her dreams of becoming an aerospace engineer��leaving him and their small-town life behind.

Eleanor (Leni) Gibbs left the small Colorado mountain town of Woodland Hills behind ten years ago. Now she’s back, temporarily trading rocket science for diapers to help her sister with a new baby, but isn’t sure she can handle facing the cowboy who broke her heart. But the undeniable chemistry between them still simmers beneath the surface, and every encounter has her wondering if they’re meant for something more.

Both have been burned by the past, and neither knows if they can trust the other—or themselves—with their fragile hearts. As old wounds reopen and new sparks fly, can Chevy and Leni find the courage to take a second chance on love—or will he let her fly away again, this time for good?

**Each book in the Lassiter Ranch series can be read as a standalone—a boots-knockin’ hot cowboy HEA guaranteed in every one!**

The Lassiter Ranch Series

Save the Date For a Cowboy: Prequel Novella

Love at First Cowboy: Book 1

Overdue for a Cowboy: Book 2

Second Chance with a Cowboy: Book 3

Readers will love this small town, western romance series filled with wounded cowboys, curvy wallflower heroines, second chances, friends to lovers, fake relationships, unrequited love, forced proximity, and grumpy versus sunshine.

Goodreads: https://www.goodreads.com/book/show/213572562-second-chance-with-a-cowboy

Purchase:

Amazon: https://amzn.to/4d7yut2

AUTHOR BIO:

Jennie Marts is the USA TODAY Best-selling author of award-winning books filled with love, laughter, and always a happily ever after. Readers call her books “laugh out loud” funny and the “perfect mix of romance, humor, and steam.” Fic Central claimed one of her books was “the most fun I’ve had reading in years.”

She is living her own happily ever after in the mountains of Colorado with her husband, two dogs, and a parakeet that loves to tweet to the oldies. She’s addicted to Diet Coke, adores Cheetos, and believes you can’t have too many books, shoes, or friends.

Her books include the contemporary western romance Hearts of Montana series, the romantic comedy/ cozy mysteries of The Page Turners series, the hunky hockey-playing men in the Bannister family in the Bannister Brothers Books, and the small-town romantic comedies in the Lovestruck series of Cotton Creek Romances.

Jennie loves to hear from readers. Follow her on Facebook at Jennie Marts Books, or Twitter at @JennieMarts. Visit her at www.jenniemarts.com and sign up for her newsletter to keep up with the latest news and releases.

Author links:

https://jenniemarts.com/

https://jenniemarts.com/newsletter/

https://www.facebook.com/JennieMartsBooks/

https://www.instagram.com/jenniemartswriter/

https://twitter.com/JennieMarts

https://www.goodreads.com/author/show/6876233.Jennie_Marts

GIVEAWAY

Blitz-wide giveaway (INT)

$15 Amazon gift card

http://www.rafflecopter.com/rafl/display/d04251235819/

Hosted by Xpresso Book Tours

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bestgaddi-com · 4 months ago

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List of All Electric Trucks in the US 2024

Electric vehicles (EVs) are no longer just a trend — they’re a revolution. And now, this revolution is driving straight into the heart of the trucking industry. Electric trucks are making waves, promising a future that’s not just eco-friendly but also powerful and efficient. But with so many options hitting the market, how do you know which ones stand out? Buckle up as we dive into the world of electric trucks, exploring the best of the best and what makes them tick.

Why Electric Trucks?

So, why is everyone talking about electric trucks? Well, the shift to electric vehicles is fueled by more than just a desire to look cool (though let’s be honest, these trucks do look pretty slick). It’s about embracing a future where we’re less reliant on fossil fuels, cutting down on emissions, and saving a bit of green in our wallets too. Electric trucks are at the forefront of this movement, offering a unique blend of sustainability and strength.

Published by Bestgaddi.com

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secondhandcarpartsonline · 6 months ago

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How Purchasing Used Car Parts Can Benefit Both the Individual and Environment?

Because they recover valuable used car parts from old, damaged, unusable automobiles and resell them for a profit, wrecking yards play a crucial role in the community and help to preserve the environment. When a car is involved in an accident or has issues with some of its parts, replacement parts are required. There are plenty of used vehicle components available from auto wreckers, which are more economical and alsobeneficial for the environment than buying new parts. Furthermore, there is no need to worry about inferior products because all of the car parts that are in the hands of reliable auto wreckers are of the greatest calibre. Using old parts reduces the need for new manufacture, which benefits the environment, and helps you save money.

Leading car wrecking companies provide second hand auto parts for almost every type of automaker, including Ford, Holden, Honda, Hyundai, KIA, Mazda, Mitsubishi, Nissan, and others. All one has to do is give the top wreckers the exact specifications to receive aid with the appropriate products. One also saves a substantial sum of money in the process of getting the right part for the car. Because only the best wreckers stock components of the greatest calibre, one can be sure of the quality. So, whether you're fixing a historic car or just need a quick fix, auto wreckers are the best choice for fairly priced and environmentally friendly alternatives.

Own an Old, Damaged, or Ruined Car?

Reputable vehicle wreckers are able to remove vintage cars and will pay top cash for them. They specialise in removing and disposing of cars that are old, damaged, or just unsafe to drive. A wide range of vehicles, including 4WDs, trucks, buses, commercial vehicles, and cars of any year, make, or model, can be towed by auto wreckers. They arrive to the site with their truck as well and take the car aways and hence the owner of the car need not do any hassle.

Some of the second-hand car products that are available for sale at the leading auto wreckers include glass parts, 4x4 parts, headlights, taillights, engine parts, etc. For vehicle removal or to purchase pre-owned car parts, contact the best auto wreckers by phone or email.

Source: https://carwreckersmorwell.blogspot.com/2024/06/how-purchasing-used-car-parts-can.html

#used car parts #car wrecking

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jimtrenarychevrolet · 8 months ago

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Today, we have the 2024 Ford F-150! The truck bed has a ton of space and it’s perfect for any hauling job. Get it now at Jim Trenary Ford and save up to $8,390!

Check out the vehicle here:

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agent4justice · 9 months ago

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Kingdom of Love - Procurement of Transportation by Kawkaw Blas

For Executive Limousine Service

Maybach 600 Black (5 Units) Mercedes 600 Black (5 Units) Bentley Extended Black (5 Units) Toyota Camry Black (5)

Luxury SUV Vehicle Service

Toyota land Cruiser Black (5 Units) Nissan Patrol SUV Black (5 Units) Toyota Avanza White (5 units)

Regular Bantam Car Vehicle Service

Toyota Vios White (10 Units) Suzuki Celerio (10 Units) Suzuki Jinmy 4X4 (3 Units) 50 Electric Bikes 20 Motor Bikes

On & Off Pickup Truck Service

Toyota Hilux White (5 Units) Nissan Navara ProX White (5 Units) Mitsubishi Strada AT White (5 Units)

Regular SUV Vehicle Service

Nissan Terra SUV Gray (5 units) Toyota Fortuner Gray (5 Units)

Delivery Closed Passenger / Cargo Van

Nissan Urvan Van closed van White (No back seats) (5 units) Hino PUV White Euro4 (10 Units)

Light | Heavy Cargo Truck

Hino Trucks 500 Series White (5 Units) Hino Refigerated Van ( 2 units ) Tow Truck (1) Volvo Sustainable Energy Bus (5) Volvo Electric Prime Mover with 20 Footer Container Van 2024 Isuzu Fire Truck 5000 Liters minimum with powerjet pump (3) Garbage Truck with Street Sweeper/Vaccum (2 units) Garbage Truck (2 units) Riding Lawn Mowers (4) 2024 Isuzu Water Truck (2)Passenger Plane | Lear Jet | Helicopters

Airbus A380 Airbus A340 Honda Jet (6 Seater) (2 Units) Helicopter (6 seater) (2 Units) Airbus Saving Lives helicopter (1) Airbus Civil Helicopter (2)

Sea Vessels

Luxury Liner Ritz-Carlton Yatch Ferry Boat Speed Boats (4) Jet Skis (6) Submersible Marine Biologist Boat

KawKaw Personal Vehicle

Toyota Corolla Crossover Porsche 911 Turbo Nissan Godzilla Black Red Skirt Audi RJ10 Orange Bentley Roadster Maybach Roadster Rolls Royce Roadster BMW Roadster

Honda Goldwing Mitsubishi Strada AT with Techtroniks Range Rover SUV Ford Territory AT Titanium

Wildlife & Sanctuary

30 Thoroughbred Arabian Horse 200 Deers Bird Sanctuary Aviary Sea World

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ritzperez · 9 days ago

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Upgrade Your Fleet During Commercial Truck Season at Bayshore Ford

Commercial Truck Season is here at Bayshore Ford Truck Sales! Upgrade your fleet with incredible deals on 2024 Super Duty XL/XLT pickups and 2024 Transit Vans. Whether you need unmatched power for tough jobs or versatile cargo solutions, these vehicles deliver. Take advantage of exclusive offers and flexible financing—don’t miss this opportunity to equip your business for success!

https://www.bayshoreford.com/commercial-truck-season.htm

#Commercial Truck Season #Bayshore Ford Truck Sales #Super Duty XL/XLT Pickups #Transit Vans Deals #Fleet Upgrade Specials #Business Truck Savings #Heavy-Duty Trucks 2024 #Commercial Vehicle Offers #Work Truck Discounts #Flexible Financing for Trucks

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modernvehicles · 2 years ago

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New Ram EV

Last night was the Super Bowl and with that came many awaited and high production commercials. This year one of those was for the new 2024 Ram 1500 REV. While this it the last of the big three (Ford, Chevy, Ram) to release its EV truck offering, it is still looking good for consumer. Ram is attempting to address the supply-chain issues that occurred with the Ford Lightning by offering a $100 refundable deposit to save spots in line now for the 2024 release of the truck. Since the deposit is refundable I suggest anyone who wants to get their hands on one of these trucks to put the $100 down as soon as possible. While technical specs of the truck have not been released yet, we can expect to find out more in the next few weeks such as battery size, range, power, and most importantly price.

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techsciresearch · 3 years ago

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Electric Vehicle Market Analysis for 2022 | TechSci Research

Governments and automobile manufacturers are shifting to selling newer, cleaner electric vehicles, which are expected to account for one-quarter of new sales by 2035. Global electric vehicle sales reached 6.75 million units in 2021. Providing a boost to electric mobility is intended to cut down carbon emissions that contribute to greenhouse gases. Electric Vehicles are environment-friendly and safer, which has led to their rapid popularity and adoption in recent years. Continuous development in battery technologies and cheaper production costs have resulted in the emergence of affordable EV models. Besides, owners can save a lot on operating expenses since EV consumes 60% less fuel compared to internal combustible engines. Favorable government policies and subsidies, along with rapidly expanding electric vehicle charging infrastructure, are also encouraging buyers to opt for electric vehicles, supporting their market growth.

Expansion of EV models

Battery electric vehicles and plug-in hybrids make up more than half of the options among available models in new car showrooms in the US. By next year, the number of all-electric vehicles is expected to quadruple, from 13 to 50. Key market players in the electric vehicle market such as Tesla, Volkswagen, Hyundai, BMW, and General Motors are releasing new models in all segments, such as all-electric pickups, SUVs, luxury, and sports cars. Other EV makers are ramping up their strategies and making huge investments to improve their battery technologies to keep up with new regulations and remain competitive. Ford has planned to roll out four new commercial EVs three-passenger electric vehicles by 2024. Japanese automotive giant, Honda has planned to launch 30 new electric vehicle models worldwide by 2030 and invest USD63.9 billion in R&D initiatives.

Commercial Players Big on EVs | TechSci Research

Commercial buyers are more focused on operating costs compared to retail customers. Switching to battery power would give a clear advantage to business buyers as they cost about half as much to keep in motion. High daily vehicle utilization and a large scale of operations make players in the e-commerce business ideal for commercial electric vehicles, which is projected to expand the commercial EV market size during the forecast period. Some businesses are recognizing EVs as a cost improvement measure, improve customer satisfaction, and meet regulatory compliances. Amazon, Flipkart, Uber, Zomato, and Swiggy have already set out their EV targets for 2025 and 2030 to boost electrification in their fleet. Witnessing the growing adoption of EVs by big businesses, auto manufacturers are building electric vehicles, from garbage trucks to semis.

Plug-in Hybrid Remains the Most Preferred Choice for Buyers

Although pure electric cars are popular, the gasoline-electric hybrid models have been gaining much traction in recent years. Asia auto manufacturers are boosting hybrid vehicle line-ups as many customers are shunning EVs due to high prices and limited driving range. Hybrids offer a mix of fuel economy and performance, combining a combustion engine with an electric propulsion system. In 2021, the hybrid vehicle sales jumped 76% to 801,550 units in the United States. Toyota recorded the highest hybrid car sales in the US market, which made the Japanese automaker overtake General Motors, the top-selling automaker in the country. In the coming years, hybrid EVs are expected to register the fastest growth, owing to the rising number of hybrid EV models and the increasing inclination of buyers towards purchasing gasoline hybrids.

According to TechSci Research report on “Electric Vehicle Shared Mobility Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Service Type (Ride-Hailing, Car Sharing, Car Rental and Ride Sharing), By Vehicle Type (Two-Wheeler and Four-Wheeler), By Commuting Pattern (Daily, Weekly and Occasionally) and By Region”, the global electric vehicle shared mobility market is expected to grow at a steady rate. The market growth can be attributed to the rising demand for urban mobility, increase in internet accessibility, and continuous digital revolution.

#Electric Vehicles

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businesstobusiness-b2b · 3 years ago

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Global Industry News: Autonomous Truck Market by 2030

The global Autonomous Truck Market size is projected to reach USD 1,550 million by 2030, from USD 460 million in 2024, at a CAGR of 22.4%. The forecast period is from 2024 to 2030. The autonomous truck segment is the future of the trucking and transportation industry. Especially after the global pandemic of COVID-19, many e-commerce and shipping companies will be looking to develop autonomous truck deliveries to avoid human contact.

Key Drivers:

Increasing emphasis on better road safety and traffic control

The ability of autonomous and semi-autonomous trucks to alleviate the truck driver shortage

The economic effect of autonomous & semi-autonomous trucks on the trucking industry

Top Players:

AB Volvo (Sweden), Robert Bosch (Germany), Continental AG (Germany), Denso (Japan), Aptiv (UK), Daimler (Germany), Paccar (US), Nvidia (US).

Top Start-ups:

Embark (US), Waymo (US), TuSimple (US), Tesla (US).

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=224614273

The North American region is estimated to account for the largest share of the semi-autonomous and autonomous truck market. North America is the technology leader in autonomous technology. The region is home to some of the leading technology developers, such as Waymo, Uber, Intel, and Embark. These companies are focusing on the development of autonomous technology. Also, in the US, the testing of autonomous vehicles has started in some states. This will create an opportunity for further development of autonomous trucks. For instance, Daimler tested its level 4 autonomous truck on the streets of Virginia, US. Also, the region is dominated by pickup trucks having advanced semi-autonomous driving features. Ford and GMC are some of the leading players offering pickup trucks in the country. Tesla will enter the market soon with its ‘Cybertruck’ having all the semi-autonomous features and an optional autonomous driving feature as well.

The ultrasonic segment is projected to have the largest market share in the semi-autonomous truck market by volume. Ultrasonic has a short-range and small Field of View (FoV). Hence, many ultrasonic sensors are used in semi-autonomous and autonomous trucks. Ultrasonic sensors are typically used for short-range object detection, which is applicable for parking ADAS features such as intelligent park assist. The cost of the ultrasonic sensors is less than other sensors. Currently, the cost of LIDARs is high, and generally, they are not installed in level 1 and level 2 semi-autonomous trucks.

Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=224614273

Autonomous Truck Market and Key Application:

Level 4 Autonomous Truck –

Level 4 trucks are highly automated trucks in which the system controls the steering, acceleration, and braking. The driving environment and dynamic driving tasks are also monitored and performed by the system. A vehicle with level 4 capability can do all the driving, but only in certain circumstances. The autonomous driving system notifies the driver when he can switch to the autonomous driving mode.

Last-Mile Delivery Truck –

Last-mile delivery trucks are used for logistics purposes in the distribution centre or facility to the end-user. These trucks are witnessing high demand due to the rise of the e-commerce sector. The aim is to be able to deliver goods to the consumer end in a specific time without delays and to reduce the delivery cost to the company. Using autonomous last-mile delivery trucks can help companies save 40% of the total cost.

Truck Platooning –

In truck platooning, two or more trucks are connected in a group with the help of connectivity technologies, autonomous driving, and artificial intelligence support systems such as adaptive cruise control and lane assist. These vehicles automatically keep a set close distance between each other. The truck at the head of the platoon acts as a leader, with the vehicles behind adapting and reacting to changes in its movement, requiring little or no action from the driver.

#Autonomous Truck Market #Autonomous Truck #AutonomouTruckMarket #Autonomous Trucks Market #Autonomous #TruckMarket #AutonomousTruck #AutonomousTrucks #AutonomousTrucksIndustry

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thesevillereport · 5 years ago

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In Focus: Nikola Motors

Billions have been lost chasing the next great thing. In the world of investments billions have been lost chasing the next Amazon.The six words, "... could be the next Amazon" has given investors leeway to justify companies trading at high multiples, even though they've accomplished very little, and their futures look as bright as the horse and carriage did on the day the Model T was released. Despite the billions that have been lost, Wall Street and many retail investors are ready to do it again, this time with Nikola (NKLA).

Nikola is the most talked about player in the electric vehicle space as of late. The company plans to manufacture electric and hydrogen powered semi-trucks, light military vehicles, and off road vehicles. Investors quickly embraced Nikola as a publicly traded company and bid the stock up from $33 a share to upwards of $90 a share within a few days.

The company currently finds its market capitalization above $20 billion, something that took Tesla10 years of producing vehicles to accomplish according to EVANNEX. Currently Nikola's market cap sits slightly below Ford's market cap.

Nikola was able to get to the public markets by conducting a reverse merger. In this process Nikola merged with publicly traded company VectoIQ, once the merger was completed, VectoIQ began trading under the Nikola name. The reverser merger path to the markets has allowed Nikola to become a public company while escaping the public and regulatory scrutiny that precedes most other companies going public.

The company does enter the markets with potential and promise. It has over 14,000 orders for its semi-trucks, with Anheuser-Busch (BUD) placing an order for 800 trucks. However, it's doubtful that all of the pre-orders are binding and that deposits were required for the pre-orders. Still, the company's CEO is very optimistic about the future of the company.

"We will provide drivers with better trucks and better quality of life,” Trevor Milton explained to Barron's.

The company's SEC filing revealed it generated $38,000 in revenue and $33 million in losses for the quarter ending March 31, 2020. The company expects revenue to increase to $150 million in 2021 and then to $3.2 billion by 2024. The company plans to begin taking pre-orders for its battery and fuel cell consumer truck the Badger this month, and will partner with an automaker to produce the Badger. Nikola has not announced its partner for the Badger yet, but expects to start production in 2022.

Because Nikola has decided to specialize in hydrogen fuel cell technology, it won't have the luxury of piggy-backing off the EV infrastructure that has already been established. According to greencarreport.com, only 39 hydrogen fueling stations exist in the U.S, which forces Nikola to build its own infrastructure to support its trucks. Nikola plans to have over 700 hydrogen stations in the U.S. and Canada by 2028. Anheuser-Busch is working with Nikola to develop the first 28 of those hydrogen fueling stations.

In addition to Anheuser-Busch, Nikola has been able to secure other investors to help with its plans. CNH Industrial (CNHI) has invested $250 million in the company as a Series D investor, and with it's companies IVECO and FPT Industrial have partnered with Nikola to start development of Nikola's Tre truck model.

Nikola and its CEO have grand plans for the future, but some have questioned whether hydrogen fuel cells are the way to go. For Nikola, its refueling stations will need to produce hydrogen by a process called electrolysis. Water electrolysis has been expensive in the past, and if Nikola can't find a way to lower the cost related to electrolysis, and make it cheaper than diesel, it will have a tough time persuading companies to switch from traditional diesel powered semi-trucks.

Finding a manufacturing partner, going public, and developing an infrastructure for it's trucks were already tall tasks before having to deal with the COVID-19 pandemic like every other company.

Nikola was able to secure a $4.1 million PPP loan, which the company stated would act as a cash bridge to retain its 300 employees while the VectoIQ deal closed.

The company addressed their need for the PPP loan by explaining to CNBC that Nikola is a pre-revenue company with a lot of expenses and a high burn rate. "There’s a difference between a high valuation and having cash,” the company said.

According to former Aegon Asset Management U.S. CEO Gary Black, Nikola's biggest issue is its lack of manufacturing capabilities, which puts it behind not only Tesla, but the other EV companies planning to introduce an EV product to market in 2021.

This puts added pressure on the company to choose the right partner for it's Badger truck if it wants to keep investors happy and its stock price high. Investors witnessed Elon Musk and Tesla struggle to hit production goals using their own facility to manufacture their own vehicles. Should Nikola run into those kinds of problems while dealing with a manufacturing partner, investors could flee the stock in droves, convinced that a working product and revenue are further down the line than initially expected.

If Nikola can get most of it right, the partnership, it's manufacturing facility in Arizona, and if its infrastructure it has an opportunity to be a rainmaker for shareholders. JB Hunt (JBH), a national trucking company reported net income of $516 million in 2019. Expenses related to fuel costs for the company were 5% of total revenue or $467 million. For ArcBest (ARCB) 11.9% of its revenue went to fuel and supplies expenses in 2019. The cost savings that Nikola expects to bring to the long-haul trucking industry represents tens of millions of dollars in savings to trucking companies.

Cowen analyst Jeffery Osborne described Nikola as an "intriguing investment opportunity" given its focus on powersports, pickups, and autonomous vehicles. Osborne also noted the option of a fuel-cell electric vehicle or a battery electric vehicle, along with the partnerships Nikola has forged, which all play a role in de-risking the company's 2021 production ramp.

With over $10 billion worth of pre-orders in hand for its semi-trucks, which the company believes will be its bread & butter, there could be an even more tangible windfall of cash flowing the company's way when reservations for the Badger open up on June 29. Unlike the semis, a Badger pre-order will require a $250 to $5,000 deposit according to Trevor Milton in a CNBC interview.

Should Tesla be worried? Elon Musk has made it clear in the past that he is not a fan of the hydrogen fuel cell approach, once referring to it as "fool cells." “It’s just very difficult to make hydrogen, store it, and use it in a car. Hydrogen is an energy storage mechanism. It’s not a source” Musk stated in an interview from 2015.

$NKLA is a bubble that will end badly for retail investors in it, tweeted Gary Black. Black still sees Nikola as pictures and promises, and does not feel it should be compared to Tesla. His argument, that at Nikola's current valuation Tesla was already manufacturing its Model S and Model X vehicles, and to date NKLA has yet to produce a truck or advise investors when a truck will be shipped to its purchaser. All valid points.

Investors considering Nikola shouldn't ask is Nikola the next Tesla, they should ask themselves is Trevor Milton the next Elon Musk or Jeff Bezos or Mark Zuckerberg? Ground breaking companies with revolutionary ideas don't succeed because of the idea, they succeed because of the CEO and management team.

But there isn't any rush, stocks never go straight up, and rarely if ever do plans go as we draw them up in our heads without any problems. Problems will arise for Nikola and investors will flee the stock due to the short-term thinking of the markets.

I've been very critical of Elon Musk in the past and have stayed away from investing in Tesla. But the pull back in the stock during the pandemic, coupled with the company's last three quarters provided an opportunity to invest. The stock market is notorious for giving investors looking for value two, three and sometimes four opportunities to invest at a reasonable risk-to-reward ratio, and it will more than likely do the same with Nikola.

#NikolaMotors #Nikola Stock #Investing #Nikola #Money #Tesla #Electric Vehicles #Financial Education #Investment Education #Investing 101 #Stock Market #Elon Musk #Hydrogen Fuel #The Badger

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gyrlversion · 6 years ago

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Insurer warns car speed limiters could cause other crashes to rise

Plans for all new cars to be fitted with speed limiters from 2022 under tough EU safety rules could cause a spike in some crashes, a major insurer has today warned.

All new models will have Intelligent Speed Assistance (ISA) black boxes that use GPS to work out what the speed limit is and rein in engine performance so the driver can’t break it.

An ISA will be fitted in new models as standard from 2022 under the European Commission-approved legislation – and the rules will be mirrored in the UK even if Brexit happens.

However, Zurich Insurance said that while the technology is likely to reduce the number of speed-related shunts, it could increase accidents outside schools and in adverse weather conditions – due to over-reliance on the technology.

The Intelligent Speed Assistance technology is variable, so it can respond to changing zones and restrict the vehicle’s top speed accordingly

Calum McPhail, head of liability claims at Zurich Insurance, told MailOnline and This is Money that the technology may lead to drivers to switch off.

He said that motorists might ‘assume it is safe just to drive at the given road limit irrespective of the immediate environment – for instance outside schools – and in adverse weather conditions, including standing water caused by rain, reduced visibility in fog and slippery surfaces caused by snow or ice.’

He added that drivers could pay less attention to speed, believing the car will ‘keep them right’.

Calum McPhail, head of liability claims at Zurich Insurance

This means they might travel at the maximum speed allowed by the limiter and not take into account ‘needs to change speed depending on possible hazards that may arise’, including sharp turns, blind corners or pedestrian crossings.

His sentiments were echoed by the RAC, which warned that ‘just because a vehicle’s speed is limited doesn’t mean that drivers can accelerate as fast as they like up to the limit they are in’.

An RAC spokesman added: ‘We should always drive at the right speed for the conditions, whether that’s due to traffic, bad weather or other hazards.’

Mr McPhail also questioned the reliance on GPS for an ISA to function correctly.

He warned that – from Zurich’s own experience of using black boxes for telematics insurance policies – satellite coverage in rural areas is questionable, suggesting the technology might not be able to operate in remote locations.

If the systems were to be incorporated into new vehicles in the next three years, the insurance claim expert said motorists need to be educated about the limitations.

He said: ‘There needs to be a corresponding concerted effort around driver attitudes and behaviours and also that drivers actually understand what the technology will and will not do.’

The Department for Transport has backed the introduction of speed limiters following legislation for their introduction being approved by the European Commission this week.

A spokesman said: ‘We continuously work with partners across the globe to improve the safety standards of all vehicles.

‘These interventions are expected to deliver a step-change in road safety across Europe, including the UK.’

The bill includes a raft of new safety measures that are now subject to the formal approval of the European Parliament and EU member states in September.

Cars will be have to be equipped with safety systems such as data loggers, autonomous emergency braking, lane keep assist, driver fatigue detection and reversing cameras or sensors.

All new models will need to have pre-wiring for alcohol interlocks to allow for the retrofit of in-car breathalysers for previously convicted drink drivers.

AA president Edmund King also raised concerns with the widespread deployment of speed limiters in new cars, and said the ‘best speed limiter is the driver’s right foot’ when used ‘to do the right speed in the right situation’.

Nine safety features to be mandatory in vehicles from 2022

Intelligent Speed Assistance

Reversing cameras or parking sensors

Advanced Emergency Braking (AEB)

Event data recorder

Drowsiness and distraction monitors

Lane-keep assist

Improved seatbelts

Safety glass to protect cyclists and pedestrians

Improved direct vision for trucks

AA president Edmund King said the best speed limiter is the driver’s right foot as he blasted the proposed introduction of Intelligent Speed Assistance systems in all new cars

How will Intelligent Speed Assistance limiters work?

ISA technology works in conjunction with traffic-sign-recognition cameras and GPS data to determine the speed limit on the road the vehicle is being driven.

The system can then automatically adjust the restricted top speed by limiting the engine power.

However, drivers should be able to override the system by pushing hard on the throttle – just in case they’re overtaking another motorist who has decided to put their foot down.

The European Transport Safety Council (ETSC) called for all cars to have a switch to turn the ISA on or off, though each time a vehicle is started the feature will automatically be active.

If the driver overrides the limiter they will instantly be told to reduce their speed.

If the user continues to drive above the limit for several seconds, the system will sound an alert for a few seconds and display a visual warning until the vehicle is operating at or below the speed limit again, the transport safety council said.

The council is likely to push for there to be no off switch for the limiters once motorists have become accustomed to the systems.

Road death figures in Britain have dropped massively – and declined by 39 per cent between 2007 and 2017, but then remained fairly level in recent years

Why is the introduction of speed limiters being pushed?

The legislation is due to come into effect from May 2022 for models that have not yet been approved for production and May 2024 for new cars currently for sale.

The council has been pushing for the introduction of speed limiting technology, claiming it will help to curb road fatalities across the continent.

According to its estimations, limiters will be able to cut traffic collisions by 30 per cent, potentially saving up to 25,000 lives in the first 15 years of them being mandatory.

Latest Department for Transport figures show that 1,793 people were killed on the roads in Britain in 2017 – the highest annual total since 2011. However, road deaths have plummeted since the late 1970s and fell 39 per cent between 2007 and 2017.

Of the 2017 casualties, just 18 per cent, or 322 were linked to excess speed.

The number of people killed or seriously injured in the UK has remained relatively consistent over the last few years and road safety groups have called for more to be done to reduce these figures.

Car maker Volvo announced this month that it will restrict the top speed of all its new cars to 112mph from 2020 in an effort to eradicate all road deaths in its vehicles from 2020.

The Swedish brand will also install cameras in its cars from the early 2020s to monitor if drivers are drowsy or drunk – and bring the vehicle to a stop if this is the case.

Volvo will electronically limit the top speed of all its vehicles to 112mph from next year

Will speed limiters be mandatory in the UK once we’ve left the EU?

The introduction of speed limiters is subject to the formal approval of the European Parliament and EU member states in September.

And Brexit is unlikely to save UK motorists from the arrival of these limiters.

That’s because car manufacturers are not expected to approve models separately for the UK market and the UK’s Vehicle Certification Agency – the designated Approval Authority and Technical Service for vehicles in the UK – has previously said it intends to mirror EU rules post-Brexit no matter the outcome.

We have contacted the VCA for clarification, but at the time of publication, are awaiting a response.

Commenting on the provisional deal, Antonio Avenoso, executive director of the ETSC said: ‘There have only been a handful of moments in the last fifty years which could be described as big leaps forward for road safety in Europe.

‘The mandatory introduction of the seat belt was one, and the first EU minimum crash safety standards, agreed in 1998 was another.

‘If last night’s agreement is given the formal green light, it will represent another of those moments, preventing 25,000 deaths within 15 years of coming into force.’

And Brexit is unlikely to save UK motorists from the arrival of these limiters as type approval for vehicles will mirror the EU

The systems will use GPS and traffic-sign-recognition cameras in the car the identify the top speed and limit how fast the vehicle can be driven in that zone

How the industry has reacted to the news that ISA could become mandatory

Citroen, Ford, Mercedes-Benz, Peugeot, Renault and Volvo already have cars on the market with functioning ISA technology fitted.

Society of Motor Manufacturers and Traders chief executive Mike Hawes said there is demand for the technology.

‘Manufacturers invest billions in safety technology, often ahead of any regulation,’ he commented.

‘Industry innovation and consumer appetite is already driving adoption, and many new cars are fitted with intelligent speed limiters and other new safety features such as autonomous emergency braking as standard.’

Restricted: The European Parliament, Council and Commission have approved legislation for speed limiters to be mandatory in the next three years

AA president Edmund King was less supportive of the measures.

He told MailOnline and This is Money: ‘There is no doubt that new in-car technology can save lives and there is a good case for autonomous emergency braking to be fitted in all cars.

As the limiters can be overridden it naturally begs the question whether some drivers will do this regularly to bypass the system, potentially undermining some of the system’s benefits

‘When it comes to Intelligent Speed Assistance the case is not so clear.

‘The best speed limiter is the driver’s right foot and the driver should use it to do the right speed in the right situation.

‘The right speed is often below the speed limit, for example, outside a school with children around, but with ISA there may be a temptation to go at the top speed allowed which may not be appropriate.

‘Sometimes a little speed also helps to keep safe on the road, for example, overtaking a tractor on a country road or joining a motorway.

‘Dodgem cars are fitted with speed limiters but they still seem to crash.’

The RAC’s road safety spokesperson Pete Williams questioned the reasoning behind the introduction of the technology if drivers could simply override the system.

‘As the limiters can be overridden it naturally begs the question whether some drivers will do this regularly to bypass the system, potentially undermining some of the system’s benefits,’ he told This is Money.

Traffic and navigation app Waze said there could be other benefits alongside safety if limiters were required in all new models.

Finlay Clark, UK country manager for the app said: ‘Often drivers aren’t aware of speeds changing on a stretch of road or become a little complacent – by including a reminder and changing the icon to red when they exceed the limit, we saw the impact it had.

‘More initiatives that help drivers stick to speed limits not only help improve air quality but can also reduce congestion.’

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