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Self-charging cars Key Findings 06-05-2025

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SCEV

Key Findings 06-05-2025

  • Bayerische Motoren Werke AG: The certification of a class action lawsuit was set aside due to lack of valid cause of action for pure economic loss.

Market Performance

  • Microsoft Corp.: Reported Q3 FY2025 revenue of $70.1 billion, up 13% year-over-year. Operating income improved by 16% to $32 billion. Stock price rallied approximately 7% post-earnings report. Shares up more than 14% over the last month.
  • Electric Vehicle Sales:
    • Volkswagen: Battery-electric sales in the UK jumped 194% to 2,314 vehicles last month.
    • BYD: Registrations in the UK increased by 311% to 1,419 cars last month.
  • Charging Infrastructure:
    • BYD: Introduced 1,000 kW chargers that can add 200 miles of range in 15 minutes.
    • Hotel Casuarina@Meru: Installing fast EV chargers in collaboration with TNB, expected to go live by Q3 2025.

Strategic Partnerships

  • The Mobility House GmbH:
    • Partnering with Mercedes to roll out V2G charging at home.
    • Contributing core competencies in the integration, aggregation, and marketing of electric vehicle batteries in energy markets.

Regulatory and Compliance Issues

  • Ola Electric Scooter:
    • Facing regulatory hurdles with transport authorities raiding showrooms and seizing vehicles due to alleged compliance violations.

Financial Performance

  • Bentley Systems Inc.:
    • Expected to report an 8.2% increase in revenue year-over-year, reaching $365.4 million.
    • Analysts forecast quarterly earnings of $0.30 per share, a 3.2% decline compared to the year-ago period.
  • Nissan Motor Co. Ltd.:
    • Anticipated net loss of up to Y750 billion ($A8.2 billion) for the 2024 financial year.
    • Global sales declined by 4.3% to 3.3 million vehicles.
    • Expects net revenues of Y12.6 trillion ($A140 billion) and operating profit of Y85 billion ($A930 million) for FY2024.