ChargeScape Powers Up: Ford, BMW, Honda Launch Vehicle-Grid Joint Venture
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
0mins
Should l Buy HMC?
Source: Benzinga
ChargeScape Joint Venture Launch: Ford, BMW, and Honda have launched ChargeScape, a vehicle-grid integration platform aimed at connecting electric vehicles to the power grid to stabilize it and reduce charging costs for drivers. Joseph Vellone has been appointed as CEO, focusing on transforming EVs into assets for the power grid.
Ford's Electric Vehicle Sales Growth: Ford reported a 29% increase in electric vehicle sales in August, selling 8,944 units in the U.S., and is planning to start production of a high-performance Mustang variant for street use later this year.
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Analyst Views on HMC
About HMC
Honda Motor Co Ltd is a Japan-based company principally engaged in the motorcycle business, the automobile business, the financial service business and the life creation business. The Company operates through four business segments. The Motorcycle segment is engaged in the research and development, production and sale of motorcycles, all-terrain vehicles (ATVs), side-by-side vehicles and related parts. The Automobile segment is engaged in the research and development, production and sale of automobiles and related parts. The Financial Service segment is engaged in the sales financing and leasing of its products. The Power Products and Other Business segment is engaged in the research and development, production and sale of power products and related parts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Market Potential: The Cybercab is expected to cost under $30,000 and have a significantly lower cost per mile than traditional taxis; if regulatory approval is achieved, Tesla's robotaxi could present a compelling market opportunity, further solidifying its leadership in the EV sector.
See More
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- Sales Growth: Global EV sales surged 21% in 2025, with a notable 33% increase in Europe, indicating strong demand that could enhance market share for related companies.
- China's Market Dominance: EV sales in China grew by 19%, with Tesla holding a 4.4% market share, surpassing Nio, which highlights increasing competitive pressure on Nio in a rapidly consolidating market.
- Challenges for Nio: Nio reported a 15% year-over-year increase in vehicle sales in the latest quarter, yet its net losses reached $488.9 million, indicating a precarious position amid market consolidation and a lack of profitability.
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See More
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- Increased Household Tax Burden: U.S. households are projected to face an average tax increase of $1,000 in 2025, rising to $1,300 in 2026, highlighting the direct economic impact of tariffs on ordinary citizens.
- Tariff Revenue Figures: According to CBP data, the U.S. collected over $200 billion in tariffs between January 20 and December 15, 2025, with total customs revenue for 2025 estimated at $264 billion, yielding a net gain of approximately $132 billion after accounting for economic drag.
- Market Reaction: Following Trump's April 2025
See More
Canada Eases Import Restrictions on Chinese EVs
- Policy Shift: The Canadian government has decided to allow the import of 49,000 Chinese electric vehicles, reducing tariffs from 106% to 6.1%, which will enable these vehicles to represent about 3% of Canada's new car market and approximately 20% of its battery EV and plug-in hybrid market, aiming to reduce reliance on the U.S. and revitalize domestic manufacturing.
- China-Canada Cooperation: In exchange for tariff reductions, China has agreed to lower tariffs on Canadian canola oil, a move that not only enhances Canadian agricultural exports but may also foster joint investments and collaborations in the EV sector, driving manufacturing revival.
- Market Outlook: With expectations for significant growth in the Canadian EV market by 2030, the relatively small import volume of 49,000 vehicles could have a substantial impact if these are primarily affordable models, potentially increasing consumer acceptance of electric vehicles.
- Manufacturing Challenges: Despite having resource advantages, Canada faces challenges in attracting manufacturing investments compared to Mexico and the U.S., where lower manufacturing costs and larger markets prevail, and without further action, Canadian assembly plants may continue to decline.
See More
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- Legal Challenge Outlook Dim: Supreme Court Justice Ketanji Brown Jackson indicated on CBS that any legal challenge to Trump's recent tariffs would encounter “nuanced legal issues,” suggesting that hopes for refunds are increasingly unlikely due to the complexity involved.
- Market Reaction Swift: On Polymarket, the odds of Trump being forced to refund tariffs plummeted from 39% last week to 28%, reflecting a significant drop in investor confidence regarding the success of any legal challenge and highlighting market uncertainty about future policies.
- Corporate Earnings Outlook Dims: Best Buy (NYSE:BBY) has cut its 2026 guidance, explicitly citing tariff costs as a major factor, and the diminishing possibility of refunds will directly impact its bottom line for the first half of the year, increasing financial pressure on the company.
- GM Faces Rising Costs: General Motors (NYSE:GM), while a domestic company, imports significant components from Mexico, and the continued imposition of tariffs keeps input costs elevated through Q2, adversely affecting the company's overall profitability.
See More
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- Sales Forecast Upgrade: American Honda anticipates a 4% increase in vehicle sales for 2026, reflecting a recovery in market demand that could drive future revenue growth and enhance market share.
- EV Prototype Unveiling: Sony Honda Mobility unveiled a new electric vehicle prototype at CES, marking Honda's innovative efforts in the EV sector, aimed at strengthening its competitive position in the rapidly evolving electric vehicle market.
- Rating Upgrade: Analysts have upgraded Honda Motor's rating, signaling increased market confidence in the company's future prospects, which may attract more investor attention and positively impact stock prices.
See More
