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...The potential expansion of Tesla’s global factory network comes as growth in global EV sales slows. The group is also building a plant in Mexico that is expected to come online in 2026....
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...Tesla has cut prices several times — including this week — to buoy sales, although this has led to a collapse in the re-sale value of its cars....
...Spirit is a crucial industrial partner in the Northern Ireland Advanced Composites and Engineering Centre, a research lab located next door....
...Tesla blames supply problems, pointing to conflict in the Middle East and an arson attack at its Berlin factory. But a gap between production and delivery numbers suggests issues with demand....
...The company last year had revenue of Rmb602.3bn ($83.2bn) from sales of just over 3mn vehicles, marking a fivefold increase from Rmb121.8bn in 2018....
...The Apple chief executive spent several days touring its factories and design studios, according to two people with knowledge of the trip....
...He had previously said the Model 2 would require a new “revolutionary manufacturing system” at factories in Austin, Texas, as well as in Mexico....
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
...Tesla blamed factory stoppages caused by disruption in the Red Sea and an arson attack by environmentalists in Germany for its poor figures....
...The country’s engineering staff shortage has also become more acute....
...He noted that when he visited one of the factories in Washington in December 2019, assembly workers never rotated away from their stations....
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...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...also renting factory space from a nearby company....
...A version of this article was first published by Nikkei Asia on February 12. ©2024 Nikkei Inc. All rights reserved....
...He has spent years tying the company’s fortunes to China and built a supply chain that is heavily dependent on factories in Shenzhen and Zhengzhou — although the company is now trying to diversify manufacturing...
...Dyson’s sales have risen as the business has moved into new products such as air purifiers and hair dryers....
...Cook’s visit comes amid tumbling sales in China, which contributed $21bn to Apple’s top line in the fourth quarter, or 17 per cent of sales....
...The dealmaking push also involved a myriad of complex financial engineering techniques....
...A big test of this would be the company’s plans to build its first European car factory in Hungary....
...in its shareholder letter that “in 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle” at its factory...
...VW has opened new factories dedicated to electric-only models, which has led it to scale back production as EV appetite slows....
...The only full-priced sale was apparently to Ehang itself. So why did my contact say Xpeng’s dual-mode flying car was a joke? Basically he thinks Xpeng is trying to do too much....
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