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Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

German car parts manufacturer Continental also said last November that it too was cutting thousands of jobs worldwide as part of a plan to save €400 million ($428 million) a year from 2025. High inflation, increased raw materials, and soaring energy costs are all part of the reasons the companies are offering for the cuts, the FT reports.

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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

It now seems that Tesla is following suit, despite repeated promises that it would develop a mass-market EV at a reasonable price. The car, which was projected to start in the mid-$20,000 range, would have helped Tesla compete against the increasingly fierce Chinese auto industry. Image: Tesla] Become a& TTAC insider.

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

The United States is the third-largest electric vehicle (EV) producer behind China and Europe; a new study from the International Council on Clean Transportation (ICCT) finds that the gap has widened. Cumulative electric vehicle sales and production from 2010 through 2020, in major regions (based on EV-Volumes, 2021). Source: The ICCT.

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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. The investments affirm that the future must be electric and there is no turning back for traditional automakers. billion investment through 2030.

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Tesla sees over 1400% rise in UK vehicle registrations in April

Teslarati

Recent data from the UK that’s released by the Society of Motor Manufacturers and Traders (SMMT) indicates that electric vehicle maker Tesla saw a massive surge in new car registrations last month. Amidst this momentum, Tesla’s market shares in the UK has also grown.

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CATL opens first-of-its-kind EV experience center with Tesla, VW, and NIO models on display

Baua Electric

The world’s largest EV battery maker is transforming how we experience electric vehicles. Visitors can “view, select, use, and learn” about EVs powered by CATL’s advanced batteries, including Tesla, Volkswagen, and NIO models. The site in Chengdu was brought to life with the help of the local government and several auto manufacturers.

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Tesla to boost spending for Giga Texas and Berlin ramp

Teslarati

Tesla ( NASDAQ: TSLA ) said in its 10-K filing with the SEC earlier this week that it would boost its capital expenditure by $1 billion. The electric automaker now projects it will spend between $6 billion and $8 billion for the next two years. Ramping vehicles is a difficult task; Musk would know all about it.

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