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Audi to announce EV production plans in Mexico: report

Teslarati

German luxury carmaker Audi is reportedly set to announce its intentions to start electric vehicle production in Mexico. The move aligns Audi with other prominent car manufacturers that are increasing their presence in Mexico. It should be noted that Puebla is already home to a Volkswagen automobile plant, one of the largest in Mexico.

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. at this point, the company has been beginning to deliver its EVs in several markets throughout Europe and Asia. While BYD isn’t planning to enter the U.S.

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Joule and Audi partner on sustainable liquid transportation fuels

Green Car Congress

Joule and Audi AG have entered a strategic partnership to accelerate the commercialization of Joule’s sustainable transportation fuels, Sunflow-E and Sunflow-D, for the global ethanol and diesel markets respectively. Joule will also benefit from Audi’s expertise and global reach as well as from the strength of its brand.

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Tesla reports Q2 non-GAAP net of $16M, GAAP net loss of $62M

Green Car Congress

In the quarterly letter to shareholders, Chairman and CEO Elon Musk and Deepak Ahuja, Chief Financial Officer, said that the company achieved a non-GAAP automotive gross margin of 26.8%, and 26.9% However, average global delivery wait times increased because production growth was unable to keep pace with increased demand.

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