CATL us the world largest battery maker and in the first half of 2021 they produce 60.3 gigawatt hours of batteries. They are on track to expand factory capacity to 200 GWh by the end of 2021. It is likely that CATL will produce 130-150 Gigawatt hours of batteries in 2021. #CATL H1 #lithium #battery …
Baidu plans to expand its robotaxi ride-hailing services across 30 cities in China in two to three years to serve a wider range of users. Robin Li, founder of Baidu, said at the 2021 ABC Summit. Currently, there are about 500 test vehicles in the Baidu Apollo self driving program and they are the first …
Consumer Reports compared regular cars versus EVs and different car models. EVs have far lower maintenance and operating costs than other cars. Tesla’s have longer range and less maintenance than other EVs. Tesla have higher resale value. The Tesla Model 3 outsold the Toyota Camry in Australia for the first half of 2021. The Model …
The senate passed a $3.5 trillion blueprint which is the first step in the reconciliation process to pass a larger bill. House leaders will return from summer recess Aug 23 to vote on the fiscal blueprint. The legislation is will have paid family and medical leave, subsidized child care, an extension of an expanded child …
Electric Vehicle makers Xpeng, Li Auto and Nio sold record cars in July. Li Auto’s sales jumped 251 percent year on year in July to 8,589 units, while Xpeng’s sales surged 228 percent to 8,040 cars. NIO delivered 7,931 vehicles in July 2021, increasing by 124.5% year-over-year. Cumulative deliveries of the ES8, ES6 and EC6 …
Cathie Wood forecasts that as the world shifts to electric cars and trucks this will take oil prices down to $12 per barrel. About 35% of world oil is used for cars and trucks. A shift to electric cars and trucks will remove 35% of oil usage. If this shift is over 20 years then …
Ernst and Young predict Europe leading the charge to electric, with zero-emission models outselling all other propulsion systems by 2028. That tipping point will arrive in China in 2033 and in the U.S. in 2036″. In 2019, new car registrations in the EU slightly increased to a level of 15.5 million. Sales of electric cars …
James Stephenson has made detailed projections for Tesla financials focused on the last three quarters of 2021. James also has projections for estimated Tesla car sales by quarter through 2023. Tesla has had strong growth of about 50% every year for over a decade. Tesla now is the fourth highest volume of sales for all …
Smartphone giant Xiaomi is hiring many positions for its electric vehicle unit and for its autonomous driving project. Xiaomi is targeting its first car model to market within three years (around 2024). BYD and Xiaomi are in discussions to form a strategic partnership. “BYD will support the development of Xiaomi in the automotive business in …
NIO is starting to build its second electric car and battery factory in the Neo Park in Hefei, with production scheduled for the third quarter of 2022, William Li, founder, chairman and CEO of NIO. The park
The China Passenger Car Association (CPCA) has again raised its forecast for new energy passenger car sales for 2021 as the industry grows rapidly. The 2021 forecast for new energy passenger car wholesale sales was raised to 2.4 million units which is up from a forecast of 2 million in February and 2.2 million in …
