$6.57B Rivian Loan, 🐆The New Electric Jaguar, and Tesla's Attractive Financing Offer.

December 3, 2024

December brings tons of holidays and a year to celebrate! Today, we cover:

Conditional $6.57B towards Rivian facility
The Jaguar Type 00
0% APR available for Model 3 and Model Y
Ford employee electrifying customer experience
Innovative direct recycling at the BMW Group
VinFast Q3 2024 financials
ZEEKR announces November delivery update
Electric Hats
Video: The new Jaguar

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"Of all the months of the year there is not a month one half so welcome to the young, or so full of happy associations, as the last month of the year."

-Charles Dickens

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1. The Department of Energy’s Loan Programs Office announced a conditional commitment of up to $6.57 billion to support Rivian's construction of a new EV manufacturing facility in Georgia, projected to create 7,500 jobs by 2030 and produce 400,000 EVs annually.

2. Jaguar is reimagining its brand with the Type 00 concept, a bold electric vehicle design that defies convention and showcases a fearless new visual identity rooted in the company's heritage. The concept, revealed at Miami Art Week, features distinctive elements like a long hood, sweeping roofline, and unique color options (Miami Pink and London Blue).

3. Tesla is offering 0% APR financing for well-qualified buyers on new Model 3 and Model Y vehicles ordered after October 21, 2024, with additional promotions including three months of free Full Self-Driving (Supervised) and Supercharging for deliveries completed by December 31, 2024.

4. Robert Hayes, a Ford engineer and EV enthusiast who has logged 70,000 miles in his Mustang Mach-E, uses his firsthand experience to improve public charging infrastructure and enhance the EV customer experience as part of Ford's Model e team.

5. BMW Group is establishing a Cell Recycling Competence Centre in Bavaria to implement an innovative direct recycling process for battery cell raw materials, reducing costs and environmental impact by mechanically recovering materials like lithium and cobalt for reuse in cell production.

6. With 21,912 EV deliveries (up 115% YoY) and $511.6 million in revenue (up 49.3% YoY), Q3 2024 financial results for VinFast highlighted market leadership in Vietnam, global expansion, and significant funding to support the goal of delivering 80,000 vehicles in 2024.

7. In November 2024, ZEEKR delivered 27,011 vehicles, marking a 106% year-over-year increase, with year-to-date deliveries reaching 194,933, an 85% growth compared to the previous year.

8. Two solar-powered BEAM Level 2 EV charging units will be installed in New Braunfels' Gruene Historic District on Friday, December 6, providing convenient charging for locals and visitors while preserving the area's historic charm.

9. An internal letter indicates that a major Chinese EV maker, BYD, plans to intensify its price war by requesting suppliers to reduce prices by 10%, positioning itself for further market consolidation and competition.

10. BMW Group's Plant Debrecen in Hungary has begun producing test vehicles for the fully electric Neue Klasse X model, marking a significant milestone as it prepares for series production slated for late 2025.

The New Jaguar

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