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...Tesla will this month send a team to scout locations in India for a proposed $2bn-$3bn electric car plant, according to two people with direct knowledge of the electric vehicle company’s plans....
...That kind of thinking might explain the Cybertruck, though even it barely merited a mention beyond a guide that production’s running at 1,000 per week....
...In a filing on Tuesday evening, the electric-car maker said it had “updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the...
...Elon Musk this week said that the company had decided to accelerate the development of its “affordable” electric car model, expected to cost $25,000, with production likely to start in the first half of...
...production and deliveries substantially in the years to come and further its lead in autonomous driving”....
...With typical grandiloquence, he claims that turning the company’s electric fleet into autonomous vehicles could be “the biggest asset value appreciation in history”....
...Shares of Rivian slid after the US electric-truck start-up forecast no growth in vehicle production this year and said its order book had shrunk....
...Thousands of imported vehicles, many of them electric cars made in China, are clogging up European ports....
...“He’s using the same production line for a human-driven vehicle and a robotaxi, with the ability to pivot between the two depending upon the market demand at the time.”...
...say that Musk is now having to steer Tesla through its trickiest period since the “production hell” of 2018, when the company struggled to make cars at scale....
...But a gap between production and delivery numbers suggests issues with demand. Musk’s polarising personality may put some customers off....
...But nearly all the world’s purely electric carmakers remain lossmaking. Hybrids, on the other hand, use older technology and offer automakers lucrative production-cost advantages....
...So everyone piled in and production shot up, but near-term demand hasn’t materialised....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...A spokesperson added it was unclear when production would restart....
...Cook stunned a senior BMW executive by saying that the iPhone-maker could, in fact, turn its hand to replicating the carmaker’s engineering and production capacity. He was wrong....
...The factory, which opened in March 2022, employs 12,500 people and produces 6,000 electric vehicles a week. But Tesla has ambitious plans to expand capacity from 500,000 cars a year to 1mn....
...China’s BYD overtook Tesla as the world’s top electric-vehicle manufacturer in the fourth quarter of 2023, delivering 1.58mn fully electric cars....
...Five years after listing on New York’s Nasdaq stock exchange, Nio still loses $12,000 for every car that rolls off its production lines, president and co-founder Lihong Qin told the Financial Times recently...
...The company is scheduled to release production figures on Tuesday. At the end of the third quarter, BYD and Tesla each boasted about a 17 per cent share of the global market for fully electric cars....
...When I was at the CES trade show in Las Vegas earlier this year and wrote a story about Chinese EV maker Xpeng’s big ambition to deliver its dual-mode electric vertical take-off and landing (eVTOL) vehicle...
...The US electric-vehicle maker most recently offered incentives worth as much as Rmb34,600 ($4,800) to lure Chinese consumers to purchase Model 3 sedans and Model Y sport utility vehicles....
...While Tesla had planned to start deliveries in 2021, engineering and production challenges linked to its unconventional design delayed the process....
...Apple suppliers including Foxconn, Quanta and Luxshare have expanded production in Vietnam over the past year....
...He also said that next month’s planned launch of a long-awaited electric pick-up, known as Cybertruck, would be followed by an “extremely difficult” increase in production that would take at least 18 months...
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