On August 9, Autonomy announced it has placed a USD 1.2 billion order for 23,000 EVs with 17 global automakers to expand its subscription fleet with:
• Tesla: Order for 8,300 vehicles valued at USD 443 million
• GM: Order for 3,400 EVs valued at USD 138 million.
• Ford: Order for 1,800 EVs valued at USD 88 million.
• Volkswagen: Order for 2,200 EVs worth USD 107 million.
• Hyundai: Order for 1,640 EVs worth USD 74 million.
• Kia: Order for 1,500 EVs worth USD 69 million.
• Rivian: Order for 1,000 EVs worth USD 72 million.
The 23,000-car order represents 1.2% of the projected U.S. EV production through the end of 2023.
Scott Painter, CEO of Autonomy, said the order was designed to fit into the forecast productions of each automaker.
In GM's case, Autonomy's order included EVs currently in production, such as the Chevrolet Bolt and Bolt EUV, Cadillac Lyriq and GMC Hummer EV pickup, as well as GM's future Chevrolet Silverado EV, Blazer EV, Equinox EV and GMC Hummer EV SUV.
From Ford, Autonomy ordered the Mustang Mach-E and the F-150 Lightning.
Autonomy is currently available only in California, where it has 1,000 Tesla models in its fleet.
With a USD 4,900 non-refundable down payment, a person can drive a Tesla Model 3 for USD 490 a month, or put USD 990 down and have a payment of USD 900 a month.
The required minimum subscription time is three months, after which a customer can return the vehicle or continue the subscription on a monthly basis.
The monthly subscription price includes maintenance and state registration costs.
(Detroit Free Press article on August 10, 2022)