Elon Musk and Tesla opened Gigatexas yesterday. Here are some highlights from Elon’s talk and from the Teslacon panels. * Elon indicated that Gigatexas will scale to over 1 million cars per year * Cybertruck is pretty much in its final form and will be in production in 2023 * Cybertruck has no door handles. …
Volkswagen sold about 1 million fewer cars in China in 2021 compared to 2019. But in 2020, the total declined by 9.1%. In 2021 as China’s passenger vehicle market grew 6.5%, Volkswagen’s sales fell by a further 14.1%. That was also the year Volkswagen started selling its first electric car model, the ID.4, in China. …
Farzad Mesbahi, who used to work at Tesla, has some rough calculations of how the supply chain and Shanghai shutdown constrained impacted Tesla. He roughly estimates that Tesla could have produced 340k cars in Q1 2022 from only Shanghai and Fremont if there were no supply chain constraints. This was an *exceptionally* difficult quarter due …
Sam Evans was inspired and convinced by my Nextbigfuture Tesla and the Perfect EV Storm video. Sam obviously saw my Perfect EV Storm video. He uses my thumbnail in his tweeted video announcement and uses my phrase “Perfect Storm” is coming for EV. He then changes his mind about the prospects for legacy auto to …
There were about 2.5 million EVs out of 4.6 million are in a similar category as Tesla. EVs that are over $25k in price. Traditional ICE cars are segmented into various size, truck and price categories. The EV market needs to have category segmentation for meaningful analysis. China had 1.1 million EVs out of 2.75 …
Global Plug-in car sales in 2021: BEVs: about 4.6 million (up about 115% year-over-year) and 6.1% share PHEVs: about 1.9 million (up about 93% year-over-year) and 2.9% share Total: 6,495,388 (up 108% year-over-year) and 9% share Tesla had 20.3% of the global BEV market in 2021. All-electric (BEV) car sales in Q1-Q4 2021 (vs previous …
Ford Mustang Mach-E sales in February, 2022 were 2,001, which is little over half (46.5% less than) than the same month in 2021. Ford has been averaging 2000-3000 mach-e each month. Ford halted Mach-e production for a week due to chip shortages. Ford suspended production at three assembly plants in Michigan, Illinois and Mexico throughout …
Volkswagen, Ford and GM are making nickel batteries. Nickel batteries are currently about twice as expensive as iron LFP batteries. LFP battery volume will be about 80% of the total battery market in 2024-2025. Nickel prices are increasing and LFP battery mass production will drive down their prices faster. Iron LFP batteries could become three …
China is tracking to more than double its EV battery installations in 2022. China installed 160 GWh of batteries in 2021 and should install 400 GWh of EV batteries in 2022. 63% of the China EV batteries are iron LFP batteries and this could increase to 70-80% for 2022. China could have enough batteries for …
BYD has increased its 2022 battery-electric (BEV) and plug-in hybrid electric (PHEV) car production target from 1.2 million to 1.5 million units. BYD’s old target was about half BEV and half hybrid (600K each). I would expect the new target to be 800K BEV and 700K PHEV. In terms of battery electric cars, Tesla is …
Lucid Motors had a reduced 2021 delivery target of 520 cars but they delivered only 125 cars. Another 175 cars have been delivered so far in 2022. Most of the cars have been recalled due to safety issues with the suspension. Lucid Motors might burn through its $6 billion in cash in two years. Lucid …
