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Interesting what Colin said. Wonder how many units are in intial order? I presume mixture of demand and wanting to get rid of Gen 2 stock 1st. Be interesting see what happens with Aug TPIs but the November TPIs should be juicy with OEMs buying on top of Fleets.
Initial deliveries for Gen. 3 will be to meet "after manufacture" supply for European truck makers. This is where the truck is made as it rolls down the assembly line, with specialist hardware added at the end of production but before leaving the factory. Firstly this will be to comply with #GSR guidelines for drowsy driving, but later comes detection for distraction. Evidently there are also new protocols about to be introduced by Euro NCAP which European trucks will need to comply with. We will know more next week, but it follows that a slew of contracts will follow from truck makers once the tests are published and requirements are known.
Seeing Machines has offered Guardian for almost a decade, typically to detect #distracted and #drowsy driving and provide real-time alerts. What looks new in Gen. 3 is the ability for Seeing Machines to update the #algorithms over the air #OTA via the 4G modem. This way the product can be upgraded with through-life updates, as new features are developed or as new requirements come into force (for GSR or Euro NCAP). This business model of continuous updates would serve to future-proof the initial outlay of the cost of the hardware by the fleet operator, and appears more flexible than embedding the #driver #monitoring #system into the truck, such as in the instrument cluster or on the steering column as seen in the automotive sector.
Colins post
Initial deliveries for Gen. 3 will be to meet "after manufacture" supply for European truck makers. This is where the truck is made as it rolls down the assembly line, with specialist hardware added at the end of production but before leaving the factory. Firstly this will be to comply with #GSR guidelines for drowsy driving, but later comes detection for distraction. Evidently there are also new protocols about to be introduced by Euro NCAP which European trucks will need to comply with. We will know more next week, but it follows that a slew of contracts will follow from truck makers once the tests are published and requirements are known.
Seeing Machines has offered Guardian for almost a decade, typically to detect #distracted and #drowsy driving and provide real-time alerts. What looks new in Gen. 3 is the ability for Seeing Machines to update the #algorithms over the air #OTA via the 4G modem. This way the product can be upgraded with through-life updates, as new features are developed or as new requirements come into force (for GSR or Euro NCAP). This business model of continuous updates would serve to future-proof the initial outlay of the cost of the hardware by the fleet operator, and appears more flexible than embedding the #driver #monitoring #system into the truck, such as in the instrument cluster or on the steering column as seen in the automotive sector.
As part of its new Truck Safe rating scheme, Euro NCAP has stated it wants all truck manufacturers to fit #AEB systems that can not only detect crossing pedestrians but also cyclists and even eScooter riders. So what is new is that Euro NCAP has increased its focus on #safety systems installed in trucks. We will know next week exactly what they are looking for in terms of monitoring distraction, drowsiness, and perhaps even #impaired driving. Safety agencies and regulators around the world should keep watch.
For institutional investors, family offices, and others seeking an expert third-party source to understand trends in the #DMS, #CMS and #OMS market, I can be booked for telephone-based consultancy via GLG, Guidepoint, and Third Bridge Group Limited. Just ask for me by name.
Brock
The market will always have its cheap, basic suppliers and maybe 50-90% Will use it but iam sure that loophole will get smaller with legislation and protocols being introduced.
Geotab has a rich 23-year history, and achieved a 3 million subscription milestone in 2022. In just over one year, the company added 1 million subscriptions in 2023, reflecting the growing demand for data intelligence to support fleet modernization and management.
Shows how big the market is.
10k PA could go to 20,30,40,50 or even 100k + PA
Euro NCAP - For Safer Cars, Vans & Trucks new #TruckSafe testing protocols will be released on Wednesday May 15. With great timing, Seeing Machines has announced its next-generation aftermarket Guardian Gen. 3 has started production. Seen in the picture, this product integrates the IR optical path, vision processor, and #4G modem all into a 1-box solution. That is an extraordinary feat of engineering, which balances the conflicts of small size (to not impede driver's view) with enough space to dissipate the heat of the active components. Intriguingly, Seeing Machines has used Ambarella Inc’s CV25 #AI #SoC for the processor. Ambarella is not often thought of as a supplier of #automotive processors, but has clearly won here over more established suppliers such TI, Renesas and NXP.
Brock
Sensible write up there.
Whats allowed for in Fleet in that equation? I can see Gen3 doubling in Calender year 25 if not more? With legislation who knows the size of fleet in both aftermarket and factory fitted. Until we see the next 3 TPIs cant see where fleet going.
Even if only stayed the same with only current 5% qtr on qtr growth that would be over 110,000 units connected by 2028.
Even at $30 month with hardware sales every month theres probably a $40-$50m business there.
Should be alot more clearer by Jan 2025....
BMW invited dealers in the US at a two-day event in Las Vegas last week at the Aria Resort & Casino. It’s where retailers saw the next-generation X3 and X5 (with its X-shaped lights), not to mention the M5 Touring. However, the product onslaught is far more significant since nearly 40 facelifted and next-generation models are coming by 2030.
AN reports dealers were happy with what BMW was willing to share, mentioning the meetings with company representatives were “upbeat and positive.” CEO Oliver Zipse was allegedly at those meetings, along with sales chief Jochen Goller and CTO Frank Weber. BMW reportedly asked Snoop Dogg to perform and keep the guests entertained during those two busy days.
One dealer went as far as to say the “product is just unreal.” They added the upcoming EVs should have competitors such as Tesla worried because the “electric stuff is outrageous.”
https://www.bmwblog.com/2024/04/10/bmw-usa-tells-dealers-nearly-40-new-cars-coming-2030/
Can who ever stole Baxter’s phone please give it back as I keep thinking Iam on the wrong page when see Baxter and positive comments lol
Iam sure with a bit more news and 1 or 2 decent TPIs the SP will wake up.
August TPIs and results and forecast is the next big thing but we need regular news to stop it drifting south. Seen it so many times it’s like snakes & ladders. The past news is quickly forgotten with SEE.
Even Sifel has been re-iterating 15p since fleet was prob 40,000 units & auto booked business prob $300m. Will they be still re-iterating when auto $600m and fleet 80,000 connections?
Seize
Hopefully next 4 months on a upward trend. We could really do with
1. 1 or 2 bits news every month as we know this always drifts down not up :(
2. Good TPIs in August to end of June
3. Good results announced in August upto end June
4. Positive forward forecast in Aug for FY25
5. Some Aviation and Fleet wins/news etc
Us long term holders really deserve this to fly one day but be over 10p by August as a starter....
UK start-up Wayve secures over $1bn to further progress its AI tech for self-driving vehicles.
Substantial investment in artificial intelligence (AI) start-up Wayve marks Europe’s largest AI funding deal to date and “anchors the UK’s position as an AI superpower”.
The $1.05bn funding round, which includes investment from SoftBank Group as well as Nvidia and Microsoft, will enable the British company Wayve to develop and launch the first “embodied AI” technology for self-driving vehicles in the UK.
The start-up, which has previously received funding from big name investors including Microsoft, Virgin and Baillie Gifford, was founded in 2017 with the aim of reimagining mobility through embodied intelligence.
Rather than launching its own fleet of vehicles, Wayve’s approach is to partner with carmakers to integrate its embodied AI system into their existing vehicles. According to the company, deploying such a scalable and financially viable AI-driven solution will accelerate the transition from driver assistance systems to full autonomy.
This latest investment will give this approach a boost. As Kendall said: “With the support of visionary investors and strategic partners, we are poised to accelerate our embodied AI product.
“Our collaboration with Microsoft and Nvidia, leveraging Microsoft Azure to scale our AI models and advanced embedded computing platforms like Nvidia Drive Orin and Thor, underscores our commitment to leading the AI-driven transformation in automotive technology.”
This investment deal is significant for the UK, which has ambitions of being a world leader in the AI sector. Prime Minister Rishi Sunak said: “The fact that a homegrown British company has secured the biggest investment yet in a UK AI start-up is a testament to our leadership in this industry.
https://eandt.theiet.org/2024/05/07/british-start-wayve-secures-over-1bn-further-progress-its-ai-tech-self-driving-vehicles
Do consumers want driverless cars?
The experience is magical when you sit in it and try it. It’s pretty clear the errors humans make while driving, and the stress it causes. This technology can really evolve. The key thing is that we need to deploy it responsibly, so making sure we have the appropriate driver-monitoring systems that mean it’s not misused.
A Self-Driving Splash
Self-driving vehicle development has had no shortage of setbacks in recent years.
Uber sold off its driverless car division after a fatal crash it never recovered from. Argo AI, the startup Ford and Volkswagen had each seeded with billions of dollars, folded after its backers lost patience with how long it was going to take to commercialize the technology. General Motors’ Cruise is crawling back from a crisis precipitated by one of its cars running over and dragging a pedestrian.
So the news that Wayve, a UK self-driving startup founded in 2017, has raised $1.05 billion from high-profile investors including SoftBank, Microsoft and Nvidia is a welcome boost for the sector. It also underscores the extent to which investors can’t get enough of all things artificial intelligence.
https://www.bloomberg.com/news/newsletters/2024-05-07/softbank-backed-self-driving-ceo-says-tesla-is-taking-after-him
Tesla has until July 1 to comply with the data request about its Autopilot recall.
The federal government has given Tesla quite the homework assignment. The electric automaker has until July 1 to reply to a massive data request from the National Highway Traffic Safety Administration, which is investigating the efficacy of Tesla's massive Autopilot recall, following at least 20 crashes post-recall.
Tesla decided to recall more than 2 million cars in the US—almost every vehicle it has ever sold here—in December 2023, following an engineering analysis by NHTSA that found the automaker's Autopilot driver assistance feature had inadequate driver monitoring and that Autopilot was too easily misused.
Last month, we discovered that NHTSA is not happy with the Autopilot recall. Now, the agency has made public the letter it sent Tesla this week, demanding a whole lot of answers by July 1.
Tesla also increased driver monitoring for a short while after Autopilot is engaged. It introduced one-week suspensions from enabling the system "for drivers who receive three or five forced Autopilot disengagements (depending on cabin camera availability)." Finally, it enlarged the warning alerts shown to the driver on the infotainment system.
But NHTSA says it knows of at least 20 crashes involving Tesla Autopilot that fall into three different categories. It says there have been nine cases of a Tesla having a frontal collision with another vehicle, object, or person, for which there was time for an alert driver to have avoided the crash. Another six crashes occurred when Teslas operating under Autopilot lost control and spun out or understeered into something in a low-grip environment. And five more crashes occurred when the driver inadvertently canceled the steering component of Autopilot without disengaging the adaptive cruise control.
https://arstechnica.com/cars/2024/05/nhtsa-wants-autopilot-answers-from-tesla-after-20-post-recall-crashes/
We now in 3000 cars per day in production. Considering BMW ramp up & they make about 7000 cars per day on their own, add current other models then add VW and new models coming this year we should soon be saying remember the days when we was only in 3000 a day :)
We only just starting to scratch the surface of the potential atm....
Based on current numbers in Auto we should be hitting 2 million cars this month.
Lets hope SEE make a song and dance about it :) Once they know 2 million has been hit :)
Do we get a Paul interview after TPI Qtrs normally?
Peel Hunt reaffirmed its buy rating on Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) after the advanced computer vision technology said it is on course for a cash break even in the year ahead.
Analysts cited Seeing Machines’ sequential production growth in the third quarter and “the rollout of its largest contract with the Volkswagen Group (XETRA:VOW)” as key drivers of Seeing Machines’ investment thesis
Peel Hunt anticipates further production increases in the fourth quarter “as it expands the market reach of its leading cabin monitoring technology, utilising a single camera in the rear-view mirror across more models”.
“The number of monitoring connections has increased to 59,706, in line with our expectations,” added the broker.
Peel Hunt gave the stock a 12p price target. Shares flew 14% higher on Tuesday following publication of Seeing Machines’ third-quarter results.
https://www.proactiveinvestors.co.uk/companies/news/1046968/seeing-machines-production-ramp-up-bolsters-broker-s-outlook-1046968.html
Strange that no one really mentions Fleet today and in reality its where the steady income in the background comes from.
Each Fleet contract over 6 years could be worth 50 auto in year 1 and 250 cars over 6 yrs.
So nearly 3000 new Fleet sales could be equivalent 150,000 cars in Yr 1 and 750,000 car equivalent over 6 yrs av contract. Based on $30 month monitoring and $1000-1200 hardware.
The next 2 TPIs should give a good indication on where its going in the future!
BMW’s strategic footprint in China’s automotive landscape broadens significantly with a new investment of 20 billion yuan ($2.8 billion) into its Shenyang production facility. Announced at the 2024 Beijing Motor Show, this commitment represents a profound escalation in BMW’s ambitions within the region, bringing its total investment in the site to approximately 105 billion yuan.
This substantial capital infusion targets the initiation of BMW’s Neue Klasse, an exclusively electric vehicle lineup scheduled to begin production in 2026. BMW CEO Oliver Zipse highlighted the company’s three-decade triumph in China and expressed optimism about its continued prospects in this vibrant market.
The investment will enhance the capabilities of Plant Dadong, BMW’s first manufacturing site in China, preparing it for the Neue Klasse production. Zipse noted the reciprocal advantages shared between the BMW Group and Liaoning province, home to the Shenyang facility. This strategic expenditure aims to transform the local manufacturing landscape into a more intelligent, sustainable, and efficient domain. Additionally, BMW leads a 10 billion yuan initiative for developing sixth-generation batteries at the same location.
BMW’s 2023 operations in China yielded impressive results with the delivery of 825,000 BMW and MINI vehicles, a 4.2 percent year-over-year growth and representing 32 percent of the BMW Group’s worldwide sales. Notably, the demand for pure electric models escalated, registering a 138 percent increase compared to the previous year.
https://www.autoworldjournal.com/bmw-invests-2-8-billion-in-china/
Overall, the pure electric vehicle (EV, or BEV) share of US auto sales was 6.9% in the first quarter of 2024. EV sales increased slightly compared to the first quarter of 2023, but overall auto sales increased more, so EV market share dropped from 7% to 6.9% year over year. It was also down from the 4th quarter, which had a record high 7.9% EV market share. Still, it was up from 4.5% in Q1 2022, 2.4% in Q1 2021, 1.4% in Q1 2020, and 1% in Q1 2019. Was this just a slight dip in EV market share growth? Or was it the beginning of a downward trend, or at least a leveling off? Given all of the benefits of electric cars, their ongoing cost reductions, and growing model variety, I assume this was a temporary and uncharacteristic drop in EV market share.
Looking first at auto groups, we can see that BMW Group became the #1 auto group in the nation for the share of its sales that were electric, at 13.6% share. In second was Geely, which was at 10.6% share, and then another big German luxury automaker, Mercedes, came in third with 10.1% share. And then you’ve got the third of the big German auto groups, Volkswagen Group, scoring 9.4% share. So, three of the top four auto companies were the German Big 3.
Getting to mass-market brands, the Hyundai–Kia collab had 5.1% share, a bit more than Ford Motor Company’s 4.2% share. GM was down at 3%, Nissan at 2.2%, and Toyota at a shameful 0.6%. Honda’s not even on the board.
https://cleantechnica.com/2024/05/06/cadillac-audi-bmw-now-leading-in-share-of-us-sales-being-100-electric/
Along with strong Maverick and Ranger numbers, April truck sales figures show that the Ford F-Series remains America’s number-one-selling truck.
Ford followed up a strong Q1 with positive truck sales numbers for April. It was the hybrid trucks that made the biggest gains. Ford has been selling hybrids for over twenty years, and April marked the best hybrid sales month Ford ever had. That is probably not all that surprising as Ford and other manufacturers continue to push more hybrids and EVs. And what is likely the least surprising news you will read all day, the Ford F-Series continues to be America’s number one selling truck.
Driven by the F-150 PowerBoost hybrid and Maverick hybrid models Ford sold 17,997 hybrid vehicles in April. That not only set a new monthly sales record, but it is also a staggering 59.5 percent increase over last year. The F-150 hybrid alone saw sales of 8,292 units, which is a 93.6 percent increase. That was enough to make the F-150 hybrid the number one selling full-size hybrid pickup truck. The second place Toyota Tundra hybrid trailed by 3,205 trucks. Year-to-date the F-150 hybrid is outselling the Tundra hybrid by 2,263 trucks.
The April truck sales story would not be complete without calling out how well the Maverick continues to sell. Again, it is the hybrid model that is grabbing the headlines. So far this year Ford has sold 26,061 Maverick hybrid trucks. That is an increase of 73.2 percent over the same time period last year. In April alone 6,401 Maverik hybrid trucks were sold. That is an increase of 63.5 percent over April 2023. And the Maverick is winning over buyers that previously owned other brands. 59 percent of Maverick buyers switched from another brand. The Maverick is America’s best-selling midsize pickup and 51,138 of them were sold through April. That is up 82.2 percent over the same time period last year.
https://www.ford-trucks.com/articles/f-series-trucks-are-number-1-in-april-as-ford-breaks-hybrid-sales-record/