After recording a profit in Q3 of this year, Tesla has filed a follow-up report to the SEC. Their latest 10-Q filing concentrates on further growth, particularly in the areas of production and service infrastructure and Tesla is ready to spend billions.
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Last week the British vacuum cleaner manufacturer, Dyson, announced that they would manufacture electric cars in Singapore. This prompted a reaction from Singapore-based company Dendrobium arguing the case for manufacturing in Britain over Singapore.
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As Volkswagen is pushing for global electrification, their plant in Chattanooga has made it back onto the map. VW’s main man for e-mobility, Thomas Ulbrich, mentioned up to three EV models that could be built there. A final decision has yet to be made though.
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Vacuum cleaner maker Dyson has picked the spot for the electric car factory: Singapore. They want to break ground before the year’s end with the first EV to rival Tesla to roll of the lines by 2021. The choice builds on Dyson’s extensive workforce in the city state that is also the world’s second-largest container […]
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October is shaping up to be a good for month for Tesla. They took the pressure of their quarterly reporting into their own hands and weathered Wall Street hitting back at them for wanting to go private, so that now all focus is back on production and with great effect.
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In an almost Tesla-esque move, e.Go Mobile, the latest start-up to come out of e-mobility hotbed Aachen, has sent an email to reservation holders: The delivery of their electric car e.Go Life would be delayed by months due to suppliers exercising caution after diesel-gate.
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The U.S. bus manufacturer GreenPower has announced their intention of tripling their production capacities for electric buses. For this purpose, the company has leased a factory in the Californian Porterville with an area of more than 50,000 m².
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Demand for lithium could double by 2025 due to the expected boom in electric vehicles, a forecast by the management consultancy Stormcrow Capital suggest. At the same time, production of the rare metal will triple over the next four years, GlobalData estimates.
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VW is planning to upgrade their manufacturing capacities in Wolfsburg and Dresden during the summer months from 120 vehicles to 160 e-Golfs manufactured daily. They are not the only ones to do so.
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Tesla has announced a series of new initiatives to improve their service around the globe. Among other things, a new distribution centre for spare parts was opened in California, tripling the capacity for parts of North America. A similar facility is planned for Europe, as well.
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Germany’s Akasol has got to work on the next generation of power packs for Daimler’s eCitaro electric bus. The next-gen batteries shall stay the same size but deliver 330 kWh rather than the initial 243 kWh. Series production will begin in 2020.
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The German startup e.GO has opened their first factory to produce their electric car e.Go Life in Aachen. Once all is set up, a target of 10,000 vehicles per year will be produced here, with deliveries scheduled to begin at the end of 2018.
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After both Daimler and Ford decided to wind down their joint venture into fuel cell developments, Ballard steps in. They acquired strategic assets of AFCC such as production facilities and test beds for fuel cell stacks.
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When closing a critical quarter, the pressure was on Tesla to present numbers that speak of potential profitability. The company thus urged Model 3 reservation holders in North America to configure their car Bloomberg suggests. But there are more substantial numbers too.
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Data had been trickling out of Fremont with an occasional leak on Twitter but now it became apparent. Tesla has reached their Model 3 production target of 5,000 a week and is gearing up for 6,000 units next month. Also the overall results for Q2 are looking good.
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The Gigafactory has hit their production target of 5,000 Model 3 batteries a week. A Tesla manager claimed they more than doubled the production rate over the last three months. If so, it means one bottleneck less and four to go.
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Jaguar Land Rover will not (yet) produce battery cells but plans to set up their own battery assembly. CEO Ralf Speth told Manager Magazin that a looming shortage of batteries could hit deliveries of the I-Pace otherwise.
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China’s Changan has begun works in Nanjing to build a production facility with an annual capacity for 240,000 new energy vehicles. Start of production is set for June 2020. By 2025, Changan want to build plug-in cars only.
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Volkswagen and its joint venture partner FAW are pressing to double their production facility in China. Their electric car production site in Foshan is currently churning out 300,000 EVs a year but it to grow into a “mega factory” with an annual capacity for over half a million units.
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Transport & Environment has analysed investments of European carmakers and found that they spend 7 times more on electric car production in China than they do at home. This is down to failed EU policies, T&E suggests.
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Magna is en route to make it big in China as the supplier is preparing the launch of two joint ventures with BAIC. Together they want to develop new energy vehicles and Magna stands ready to take over an existing BAIC facility that builds 180,000 EVs a year.
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The production lines at Tesla’s Fremont factory have rolled out the first Performance Model 3, weeks ahead of schedule. This is the first good news for the EV maker in some time and brings them closer to much desired profits.
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Jaguar Land Rover follows BMWs and Mercedes’ example and is working on an architecture ready to accommodate both fossil fuel and electrified models. JLR’s head of production, Wolfgang Stadler confirmed this in German media but would not give a timeline.
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Electric car startup Byton has closed its latest round of financing. It collected half a billion dollars from investors, the latest being CATL that joins the likes of China’s FAW. Byton, led by former BMWi manager Breitfeld, is about to present their second concept EV.
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The German carmaker has broken ground in Hungary for their latest facility. Dubbed the first full-flex-plant because of its ability to adapt to various vehicle architectures, the 1bn euro facility is to start producing regular and electric cars from 2020.
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Korea’s largest steelmaker Posco will build a second cathode production facility in the country next year. It will produce 6,000 tons of cathode a year before they are to expand production capacity to 50,000 tons by 2022.
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BMW is investing more than 300 million euro in the expansion of their Leipzig factory, where the i3 and the i8 models are manufactured. The focus is on several major construction endeavors to improve and modernise chassis construction, painting, assembly and logistics.
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The Green Tech Group founded by Chinese investor Karl Soong, who wanted to buy Rimac, and Croatian entrepreneur Mladen Ninčević is planning to establish an EV factory in Croatia. They bought the grounds already and the plant is to be set up over the next ten years.
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Daimler wants to start the production of its first EQ model in China before the year’s end. The EQC electric car is to be made in a Beijing Benz Automotive (BBAC) facility in Beijing. On sale in China is set for 2019.
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It is Europe’s first “emobility plant” said Irizar at the inauguration of their new facility in Aduna, Spain. On a floor area of 18,000 sqm they want to build electric buses and other commercial vehicles en masse in order to keep up with demand.
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