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.
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).
Chinese electric vehicle (EV) manufacturer Kandi has recently marked its official foray into the US market, with the launch of two new EVs --- the EX3 all-electric SUV, and the K22 subcompact electric car.
US electric vehicle maker Tesla Motors CEO Elon Musk shared some interesting information about the automaker’s upcoming products last week, saying that the pickup truck is his ‘favorite next Tesla product.’ The statement was made by Musk during Te
According to electric vehicle maker Tesla’s latest update to its Model 3 online design studio, the automaker has increased the cost of the Model 3 Dual Motor version and some other options.
US electric vehicle manufacturer Tesla Motors has released its earnings report for the second quarter of 2018.
In an announcement made via a recent press release this week, Utah-based startup Nikola Motors -- which develops electric vehicles (EVs) and hydrogen fuel cell trucks -- said that it has secured a new funding of $100 million for bringing its vehic