More vehicles delivered, more revenue, more profit: Tesla demonstrates its growth ambitions in the third quarter of 2021 – without losing profitability. In addition, the Californian company has published an interesting piece of news in its latest annual report: Tesla is making a global switch for standard range models to LFP batteries.
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In China, around 357,000 New Energy Vehicles were sold in September. Battery-electric vehicles, plug-in hybrids and fuel cell vehicles together accounted for a market share of 17.3 per cent. BYD continues to be the strongest brand.
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Tesla’s Gigafactory in Shanghai will apparently produce its 300,000th electric car this year. The upcoming annual general meeting of the Californian electric car manufacturer is also to take place at the production facility under construction in Texas. The date: 7 October.
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In the third public participation in the approval procedure for Tesla’s planned vehicle factory in Grünheide, 395 new objectors raised objections to the planned Gigafactory. A new public hearing will therefore be necessary.
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Tesla has increased production of the Model Y to 1,000 units per day at its Shanghai plant after a four-day rebuild break, according to a local observer. This means that the production rate for the Model Y in Shanghai is now higher than for the Model 3 at 800 units a day.
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The rumour that battery cell manufacturer CATL wants to build a new factory in the immediate vicinity of the Tesla plant in Shanghai is confirmed. CATL has now officially announced that it has signed a framework agreement to this effect with the Shanghai municipal government.
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Tesla has applied to the Chinese government to produce five more versions of the Model Y at the Gigafactory Shanghai. This may also involve larger batteries for the standard range variants.
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The Japanese battery manufacturer Panasonic has sold its stake in Tesla for 3.6 billion dollars (the equivalent of about three billion euros). A good deal, because the company bought 1.4 million Tesla shares for around 30 million dollars more than ten years ago.
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The Chinese battery cell manufacturer CATL is apparently planning a large new factory with an annual capacity of 80 GWh in the immediate vicinity of the Tesla plant in Shanghai. According to a media report, CATL has already spoken with the Shanghai municipal government about building the factory.
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The Chinese battery manufacturer EVE Energy could become Tesla’s second supplier of LFP cells after CATL. According to a media report, talks between Tesla and EVE Energy are already at an advanced stage.
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Tesla has apparently put on hold plans to buy additional land to expand its Shanghai plant and make it a global export centre. A Reuters report writes that this is due to the political situation between China and the USA.
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Tesla is planning to expand its Gigafactory Shanghai with recycling facilities for electric car components, according to a media report. This will involve not only batteries, but also electric motors and other important components.
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Great Wall Motor has announced that it will launch its first hydrogen-powered SUV model and 100 FC heavy-duty trucks in 2021. GWM also plans to contribute a hydrogen-powered passenger car fleet to the 2022 Winter Olympics in Beijing.
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The supervisory board of Continental AG has approved the planned spin-off of the powertrain division Vitesco Technologies with a subsequent listing on the stock exchange. In addition, Vitesco has moved into a new regional headquarters in China.
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Tesla has officially commissioned its charging infrastructure production facility in Shanghai to build the Supercharger V3 for China. Media reports are also circulating that Tesla could buy into BYD – but the latter denies this.
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Tesla has officially started deliveries of the Model Y built in China. Meanwhile, preparations for the production of the European Model Y in Giga Berlin continue and it is looking like the plant could become larger than initially thought. There are also increasing indications that the Model S and Model X will soon be refreshed.
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Tesla could launch a significantly cheaper model as early as next year. This is the result of new information from China, which refers to an environmental report of the Californian electric car manufacturer for the Gigafactory 3 in Shanghai.
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Tesla has started series production of the Model Y in Shanghai and lowered the model’s prices. There are also some changes to the Model 3 built in China to kick off the year.
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Tesla has started production of the Model Y in Shanghai. A drone video shows around 40 units of the Model Y in a parking lot of the plant. Elon Musk indirectly confirmed the start of production on Twitter and wrote that he plans to travel to Shanghai in January, possibly for delivery launch.
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After Tesla registered its Model Y with the Chinese Ministry of Industry in early November, the Ministry has now granted approval for the sale. Test production of the electric SUV in Gigafactory 3 has apparently already started.
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Tesla appears to be planning a production facility for chargers near its car factory in Shanghai. Over in Europe, the prices for the Model S and Model X have been increased, while in the USA the Model X and some Model Y will have to go to the workshop for a recall.
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Enel X, the e-mobility subsidiary of Italy’s energy group Enel, is expanding into China. Enel X China has opened an office in Shanghai and will offer its charging infrastructure products and services in the world’s largest EV market.
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According to reports in the Chinese media, Tesla’s plans for the Shanghai plant are to produce 550,000 electric cars next year. The number of vehicles earmarked for export has also been revealed.
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Hyundai has signed two letters of intent with Chinese companies to supply a total of 4,000 fuel cell trucks to China by 2025. This is the second major order in connection with Hyundai’s H2 truck XCIENT, following the order for 1,600 units from Switzerland.
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The company has opened a new laboratory for electric motors in Shanghai, thus expanding its global network of facilities where components for electric vehicles are developed and tested.
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Tesla plans to invest 4.5 to 6.0 billion US dollars in 2021 and 2022 respectively to expand its production capacities for electric cars and batteries. This was revealed in a statement to the US Securities and Exchange Commission (SEC).
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Elon Musk has revealed more details about Tesla’s plans for the upcoming factory in Germany, which is to become a testbed for the Fremont and Shanghai factories. Giga Berlin will be using the new 4680 format batteries as well as a completely new cast frame, which is not without risks.
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The Chinese electric car startup WM Motor has now generated 1.25 billion euros ($1.47Bn or RMB 10Bn). The most recent round of financing was led by SAIC Motor’s investment platform and the Shanghai Municipal Asset Monitoring and Management Commission.
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Tesla is apparently preparing some upgrades for the Model 3 – at least as far as the version produced in China is concerned. Besides a reworked frunk and steering wheel as well as an electric tailgate, there are some indications that the electric sedan will also get a heat pump.
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Reports from China indicate that Tesla has completed the main sections of the expansion of its Shanghai plant. The development, which will facilitate the production of Model Y, is expected to be completed in October or November.
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