08 Oct Automobility EXCELerate Pipeline – Edition #45

We are very pleased to share the 45th Edition of Automobility’s EXCELerate pipeline. As always, we are continually scanning the global mobility technology landscape to curate excellent investment opportunities that we believe offer differentiated solutions which fit our “Internet of Mobility” (IoM) and Energy Transition theses.

Recent Pipeline News, Publications and Media Mentions

We are pleased to share the significant progress being made by several of our EXCELerate portfolio companies since our last update.

This and other recent news highlighting the milestones achieved by companies in our EXCELerate pipeline:

• Continental and Ethernovia Collaborate on 7nm Automotive Switch
• Cipia and Chery Expand Collaboration to 18 Car Models
• WattEV Granted $40.5M For Truck Charging

We continue to play a very active role of keeping everyone informed of the developments in the global race to the Future of Mobility.

This month, we are very proud to announce that the book Selling to China: Stories of Success, Failure & Constant Change has risen to the #1 position on Amazon’s International Business best seller list. You can access a link to order the book here: Selling to China: Stories of Success, Failure & Constant Change

Automobility’s Founder and CEO Bill Russo wrote the chapter titled China’s Auto Industry: The Race to a Sustainable Future, which can also be purchased by scanning the QR code.

Since our last update, we contributed to numerous events, articles and media stories:

• Made in China Vehicles are Going Global [VIDEO]
• State of China’s Auto Market – September 2023
• State of China’s Auto Market – August 2023
• State of China’s Auto Market – July 2023
• Elon Musk’s antics have turned off some Tesla buyers — but it won’t matter in the long run [Insider] (Please copy and paste the link to your browser: https://www.craft.me/s/dP1jzaf7Wj4Neb)
• China is Tops in Exporting Gas Guzzlers. Don’t Count EVs Out [Barron’s] (Please copy and paste the link to your browser: https://www.barrons.com/articles/china-zooms-to-top-spot-for-car-exports-its-evs-arent-leading-the-wayyet-fa2248e7#)
• Automobility CEO on China’s EV Sector [Bloomberg Video]
• VinFast: Vietnam EV maker valued at more than Ford or GM [BBC] (Please copy and paste the link to your browser: https://www.craft.me/s/DzZHKhJ0HpONG7)
• BYD’s first-half profits surge despite price war in Chinese car market[Financial Times] (Please copy and paste the link to your browser: https://www.craft.me/s/oVBCmvHuvXdZYA)
• Speeding to the Top [The Wire China] (Please copy and paste the link to your browser: https://www.craft.me/s/8t1nEvVzoPtdGD)
• How Volvo overcomes U.S. tariffs on its vehicles made in China [Automotive News] (Please copy and paste the link to your browser: https://www.craft.me/s/PQOCr98EwUQaY4)
• Can anyone challenge China’s EV battery dominance?[Financial Times] (Please copy and paste the link to your browser: https://www.craft.me/s/mBia0wKy0OJWcY)
• EV price war in China turns into survival challenge for sector [Bloomberg] (Please copy and paste the link to your browser: https://www.thenationalnews.com/business/technology/2023/09/02/ev-price-war-in-china-turns-into-survival-challenge-for-sector/)
• Book Review: SELLING TO CHINA: Stories of Success Failure and Constant Change (Please copy and paste the link to your browser: https://www.linkedin.com/pulse/book-review-selling-china-stories-success-failure-ker-peter%3FtrackingId=uZjYbH2Rqo8rTRwhvr9wUA%253D%253D/?trackingId=uZjYbH2Rqo8rTRwhvr9wUA%3D%3D)
• Tesla Unveils First Model 3 Revamp, Slashes Prices in Sales Push [Bloomberg] (Please copy and paste the link to your browser: https://www.craft.me/s/cDKDa4JvCCHSse)
• What China’s Slowdown Really Means for the West [The Atlantic] (Please copy and paste the link to your browser: https://www.craft.me/s/sG8WfQL7oN8nS7)
• China is Flooding the World With Cars [NY Times] (Please copy and paste the link to your browser: https://www.craft.me/s/4JcQW844DtkdBm)
• Global Business: China’s Auto Sector & EV Dominance [CGTN Video]
• China attacks EU’s ‘naked protectionist act’ on electric cars [Financial Times] (Please copy and paste the link to your browser: https://www.ft.com/content/ec9e501c-77d2-40e7-9993-8a84729a021f?accessToken=zwAAAYqX_uvMkdPsnlAcd9JA59OZk4qEcpoCHw.MEUCIBFiWw3GlIZl0jP38HzJezWP7iS1J-Is91ewA6pNdKa3AiEA540UXLhOTeXSEmzM0mkkFCAun4RnKeH78EP6_7gJJ9M&segmentId=e95a9ae7-622c-6235-5f87-51e412b47e97&shareType=enterprise)
• China set to overtake Japan as world’s biggest car exporter[Financial Times] (Please copy and paste the link to your browser: https://www.ft.com/content/cdcb0d7e-3ec2-42bc-bfcc-9489290aa9ae?accessToken=zwAAAYqMow_bkdPNyw1PsJCvNO_zJSJKQqprg.MEUCIQCVdT2bV53uLZdMxrhgcLZMVtgpKG7Vbbec6Kf6ztblfQIgdRMhVgQJdDoV7YYnV0JbDojQczV-tQt1089Y2c5Oy-M&segmentId=e95a9ae7-622c-6235-5f87-51e412b47e97&shareType=enterprise)
• Shaping the Future of the Auto Industry [CACS 2023]
• As sales slow, global automakers reset China strategy for long haul [Reuters] (Please copy and paste the link to your browser: https://www.autonews.com/china/global-automakers-reset-china-strategy-long-haul)
• Selling to China: Automotive Industry [AUDIO INTERVIEW]
• The Future of Electric Vehicles [The Agenda VIDEO] 
• The End of the ICE Age [AmCham Shanghai INSIGHT VIDEO]
• The End of the ICE Age[AmCham Shanghai INSIGHT Article]
• Bill Russo on Chinese Auto Exports [BBC]

Featured in EXCELerate Pipeline 45

This 45th edition features 47 companies on our EXCELerate “Menu”, of which 10 are part of our Energy Transition portfolio. These companies have met our evaluation criteria which ranks each startup across a range of metrics. The charts below show the regional and IoM stack coverage of these startups.

NOTE: Project Codenames are used for startups on the EXCELerate menu of qualified opportunities. More detailed information on each company can be found in our EXCELerate Dealbook, which can be obtained by emailing us at [email protected]

2 startup has been added to our “long list” of startups of interest since our last update:

• NOAH is a UK-based developer of urban electric vehicles
• FLUX is a US-based brand that is going back to the electric future

We would be happy to arrange an introduction to any of the companies in our pipeline.