Sales, Tech, Electrification Trends: The Week in AutomotiveBy Alejandro Enríquez | Thu, 07/29/2021 - 19:29
Sales results for 1H2021 are out! Overall, light-vehicle sales were 18.1 percent higher than in 1H2020, but they remained 19.5 percent below 1H2019. Leaders from Nissan, Toyota, Hyundai and Mazda shared their views on the recovery of sales.
McKinsey released its Top 10 Tech Trends brief, which range from additive manufacturing to 5G, digitalization and automation. Take a closer look at these trends and the impact they will have on the automotive value chain.
Also influencing the sector this week are the uncertainty around the interpretation of USMCA's rules of origin for automotive goods and Toyota's bold steps toward autonomous vehicles.
Ready? This is the week in automotive!
Domestic Sales Still on the Road to Recovery
Mexican light-vehicle sales are on a path to recovery although not yet at pre-pandemic levels. Accumulated sales for the first half of the year accounted for 515,400 units which is 18.1 percent more than 1H2020, but still 19.5 percent below 2019’s results and 30 percent below the record sales seen in the same period of 2017.
Applicability of USMCA Rules of Origin Raise Controversies
The applicability of rules of origin for automotive parts and vehicles traded under USMCA continues to raise concerns among the three members countries. One year after the USMCA and its related protocols entered into force, there are issues yet to be solved regarding the interpretation of the applicability of the rules.
McKinsey's Top Trends in Tech Influencing Automotive
McKinsey’s Top 10 trends in tech have the potential to change the automotive industry. Most of these trends gained a stronger momentum just five years ago while others, such as next-generation computing, distributed infrastructure and trust architecture have lost some. Applied AI remains unchanged.
"These are the trends drawing the most venture money, producing the most patent filings and generating the biggest implications for how and where to compete and the capabilities companies need to accelerate performance," said the firm.
Tesla to Allow Other EVs to Use Its Superchargers
Elon Musk said he would open Tesla's supercharging network to other EVs in a tweet: "We are making our Supercharger network open to other EVs later this year." Tesla has over 500 charging-on-destination points in Mexico and 20 superchargers, with more to come. This move would greatly increase Mexico’s EV charging infrastructure.
BMW 2 Series Coupé, a Car with "Latin Essence"
BMW introduced its first model designed by a Mexican to be produced in Mexico. The new model, which will be manufactured at BMW Group's plant in San Luis Potosi, will be launched in the country in 2022.
Toyota Takes Bold Steps Towards Autonomous Vehicles
Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, closed the acquisition of Level 5, the self-driving division of US ride-hailing giant Lyft, this week. The closing came right after the announcement of the upcoming acquisition of CARMERA Inc, a US based spatial AI company that specializes in next-generation road intelligence. These two acquisitions mark bold steps toward the development of increasingly autonomous vehicles.
Bonus: Queretaro Remains Strong: Omni-X
Do not miss our interview with Nora Guerra, president of Omni-X, who discussed the strategies the company took to overcome the pandemic and how it is preparing for the future.