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Ford the number 2 EV brand in the U.S. for 2022, is on track with their construction of BlueOval City Mega-Campus and poised to usher in a new era of American Innovation and Manufacturing along with their next-gen electric truck.
By David, in Automotive Industry,
LG Innotek has produced the first wireless BMS system for the automotive industry allowing gains in EV range and management.
Collector's Edition of the 2024 Model year Camaro announced by Chevrolet to close out a nine year run that saw hundreds of thousands sold.
By David, in Volkswagen,
Volkswagen has revealed their global ID.2all electric car for everyone costing less than $25,000 Euros or $27,000 U.S. dollars for an EV.
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Additional not good news for Tesla, but should benefit if Ford and GM are paying attention to long life of the battery packs. Tesla Roadster Batteries Are Failing, Revealing End Of Life Symptoms (insideevs.com) -
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Per this latest story: Tesla Production Sites By Model Assignment, Capacity: October 2022 (insideevs.com) Based on the above numbers before any expansion that would need to be done at the plants per the story, Tesla at maximum capacity now would only be able to produce 1,900,000 or about 100,000 shy of @smk4565 statement of producing 2 million autos in 2023. The bigger issue is that Tesla Fit n Finish has gotten more attention and many Tesla fans are leaving Tesla due to the CEO and going with other companies EVs. Tesla will grow, but not as fast as I think some here believe. Especially without expanding existing plants which is not something they can do overnight. Perfect example is their German plant where each time they want to increase production and hours of operation they have to file a request with the local Government and that take 90 to 180 days. They cannot just flip a switch for increase production and they still have their other projects to deal with.
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Further proof that Tesla is going to have problems is that very large drop in Used EV prices now on par with ICE auto's. The Pandemic is over and prices are no longer going up. Tesla Model 3 leads a nosedive in used EV prices (greencarreports.com) 21.5% drop in prices since September 2022 and still dropping. This is the same problem many other auto companies have had where new car price is hit with a large drop in value in only months. Currently the average price of a new Tesla 3 is $44, 990 and with a 21.5% price drop in 6 months means your new auto is worth $35,317.15 or a drop of $9,672.85 value drop in 6 months. Tesla Model 3 Costs Much Less Than Average New Car, Sans Incentives (insideevs.com) Economy of scale does not always mean value price is kept and as we are seeing, Tesla is now dropping just as fast as other brands.
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1.31M in 2022. That's about 33% off of 2 million. Do we know if they have the capacity to add 33% more in 2023? That's a pretty massive amount.
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