Filings excitement in the automotive marketplace: 124% raise in robotics mentions in Q2 of 2021

Mentions of robotics in the filings of providers in the automotive sector rose 124% concerning the first and next quarters of 2021.

In total, the frequency of sentences associated to robotics involving July 2020 and June 2021 was 24% increased than in 2016 when GlobalData, from whom our information for this posting is taken, first started to track the critical problems referred to in organization filings.

When corporations in the automotive business publish once-a-year and quarterly studies, ESG experiences and other filings, GlobalData analyses the textual content and identifies specific sentences that relate to disruptive forces going through firms in the coming a long time. Robotics is a person of these topics – businesses that excel and spend in these parts are considered to be superior ready for the upcoming business enterprise landscape and improved equipped to endure unforeseen difficulties.

To assess no matter if robotics is that includes a lot more in the summaries and tactics of firms in the automotive marketplace, two steps were calculated. To start with, we appeared at the share of businesses which have talked about robotics at the very least at the time in filings all through the previous twelve months – this was 49% in contrast to 25% in 2016. Next, we calculated the share of complete analysed sentences that referred to robotics.

Of the 50 most significant companies in the automotive industry, Yamaha Motor Co Ltd was the enterprise which referred to robotics the most involving July 2020 and June 2021. GlobalData discovered 63 robotics-connected sentences in the Japan-primarily based firm’s filings – .9% of all sentences. Denso Corp stated robotics the 2nd most – the concern was referred to in .6% of sentences in the company’s filings. Other top rated businesses with substantial robotics mentions provided Toyoda Gosei Co Ltd, JTEKT Corp and Bridgestone Corp.

Throughout all organizations in the automotive marketplace the filing published in the 2nd quarter of 2021 which exhibited the biggest emphasis on robotics arrived from Yamaha Motor Co Ltd. Of the document’s 1,459 sentences, 9 (.6%) referred to robotics.

This analysis gives an approximate indication of which corporations are concentrating on robotics and how essential the difficulty is regarded inside of the automotive field, but it also has restrictions and really should be interpreted cautiously. For illustration, a organization mentioning robotics more frequently is not always evidence that they are utilising new approaches or prioritising the difficulty, nor does it indicate regardless of whether the company’s ventures into robotics have been successes or failures.

In the past quarter, organizations in the automotive field centered in Asia ended up most possible to point out robotics with .09% of sentences in corporation filings referring to the problem. In contrast, companies with their headquarters in Western Europe pointed out robotics in just .01% of sentences.

Rivian, the Amazon-backed electric vehicle maker, seeks to raise $8.4 billion in IPO

Amazon-backed electric car maker Rivian is seeking a valuation that would place it among the world’s most valuable automotive companies when it goes public in the coming days, according to an amended S-1 filing on Monday.

Rivian said it expects to offer 135 million shares of its Class A common stock priced between $57 and $62 per share. An additional 20.25 million shares will be made available to the IPO’s underwriters. Rivian could raise as much as $8.4 billion when it debuts if shares trade at the high end of its range, or a total of more than $9.6 billion if underwriters exercise their options.

The California-based company’s filing indicates a targeted valuation of more than $53 billion based on outstanding shares, though that number could change based on investor demand and market conditions. The Wall Street Journal reported Rivian is seeking a valuation of more than $60 billion.

ELON MUSK SAYS SPACEX IN TALKS TO PROVIDE STARLINK INTERNET FOR AIRLINES

Electric truck maker Rivian Automotive, which currently sources batteries from South Korean supplier Samsung SDI (006400.KS), plans to build battery cells in-house, its filing for a U.S. initial public offering showed on Friday. (Photo by Michael Bro

Rivian said it would make a portion of its shares available to retail investors through SoFi’s online brokerage platform. The company will trade on the NASDAQ exchange under the stock symbol “RIVN.” Rivian is expected to begin public trading next week.

RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., unveils the R1T electric pickup truck, left, and R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los (Getty Images)

With a strong debut, Rivian could earn a higher valuation than Honda, which is currently valued at roughly $53 billion. Ford Motor Company, which holds a stake in Rivian, is currently valued at roughly $71 billion, while General Motors is valued at roughly $80 billion.

Rivian said it expects to deliver approximately 1,000 of its R1T electric pickup trucks by the end of the year. Last month, the company said it lost nearly $1 billion through the first six months of the year.

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Rivian

Last month, Amazon disclosed it holds an approximately 20% stake in Rivian. The e-commerce giant has already contracted Rivian to provide 100,000 electric delivery vans by 2030. 

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