Elon Musk: Tesla’s next Gigafactory will be built in China
At electric vehicle maker Tesla’s Q1 2018 earnings call, CEO Elon Musk announced that Tesla Motors plans to build its next Gigafactory in China. Chinese electric vehicle market has been growing fast due to government policies and increased consumer interest in green vehicles.
Musk’s statement that the next Tesla Gigafactory will be set up in China was made in reply to a question from CNBC’s Phil LeBeau. When LeBeau requested Musk to provide some information about Tesla’s plans with regard to the Model Y, the Tesla Semi, and its future EVs, Musk directly replied that China will be the location for Tesla’s next Gigafactory.
Musk said: “It has to be later this year. Maybe next quarter, but not later than fourth quarter for Model Y. We also expect to announce the location of a Tesla Gigafactory in China soon.”
Further adding that “right now, vehicle production and battery production, like battery production and motor and power electronics and charger production are at Giga,” Musk said that Tesla’s “future Gigafactories will all incorporate vehicle production.”
The recent update by Musk that the next Tesla Gigafactory will come up in China is along the lines of the statements he had previously made in February during Tesla’s Q4 2017 earnings call. At that time, Musk had said during the Q&A session that Tesla plans to start its investments in the Model Y sometime in the later part of 2018.
German automaker BMW has recently revealed that the total number of company’s i3 electric cars sold in the UK has touched ‘10,000 units’ milestone.
According to an Automotive News report, German automaker BMW plans to discontinue its i3 all-electric compact car and i8 plug-in hybrid sports car ahead of introducing its next-generation electric vehicles (EVs).
According to a Reuters report, Germany’s new Finance Minister Olaf Scholz said in a recent interview with the Funke Mediengruppe newspaper chain that all possible measures should be taken by the country to avoid the imposition of ban on diesel car
According to a recently published Reuters report, German automaker BMW -- which sold more than 100,000 battery-electric and plug-in hybrid cars in 2017 -- does not plan to commence mass production of electric cars before 2020.
German automaker BMW has recently announced that it will be presenting a series of new all-electric vehicles this year. The announcement was made by BMW’s CEO Harald Krüger at the company’s recently-held Annual Accounts Press Conference 2018.
Electric vehicle manufacturer Tesla Motors has issued a voluntary recall of 123,000 units of its Model S electric cars, owing to a defect in a power steering bolt.