Tesla Megapacks are being tasked with supporting a 31-megawatt-hour expansion of the Coffeen substation in Watertown, New York, in conjunction with Nexamp and National Grid, who are battling increased energy demand at the substation. Nexamp and National Grid announced today that, to keep up with the increased energy demand at the Coffeen substation, it was…
The third quarter is ending, and a certain trend is emerging among regions supplied by Tesla’s Gigafactory Shanghai. Following the facility’s recent round of upgrades, the vehicle delivery wait times for Model 3 and Model Y variants that come from Tesla’s China factory are getting shorter. And this, at least according to Piper Sandler analyst…
General Motors has invested nearly a half billion dollars into stamping and new press lines for electric vehicle manufacturing at its Marion, Indiana, metal stamping operations plant. GM will invest $491 million to bring two new press lines to the Indiana plant, complete press and die upgrades, and renovate the facility, including a 6,000-square-foot-addition. Construction…
Faults in vehicles are nothing new, but for more pricey cars, the scrutiny is substantial. This is one of the reasons why Tesla’s electric cars, from the entry-level Model 3 to the top-tier Model X, are scrutinized for their quality on a consistent basis. But manufacturers could make mistakes sometimes, and some of these could…
Tesla announced that it officially added 40 new Supercharger stations in China in August, adding 168 individual Superchargers to the country’s infrastructure of Tesla-specific electric vehicle chargers. The announcement comes as an addition to the automaker’s main accomplishment of completing capacity expansion projects at its vehicle production factory in Shanghai, which has pushed wait times…
The signs of an EV revolution were all there, but it seems like consumer demand for all-electric vehicles was still able to catch veteran automakers off guard. With Tesla currently commanding about 70% of the United States’ electric vehicle sales in the first half of the year, the race to catch up to the trailblazer…
Volkswagen appears to have a major hit in its hands, as interest in the ID Buzz has become very notable. With the all-electric vans hitting 12,500 pre-orders, recent statements from the company’s leadership recently suggested that Volkswagen is currently considering expanding its ID Buzz production. In a statement to Automobilwoche, Volkswagen Nutzfahrzeuge (VWN) CEO Carsten Intra…
Volkswagen’s Porsche IPO is shaping up to be Europe’s biggest listing in a decade as it targets a €70 to €75 billion valuation. “Today, Volkswagen AG’s Executive Board, with the approval of the Supervisory Board, set a placement price range for the preferred shared in Dr.Ing.h.c.F Porsche AG from EUR 76.50 to EUR 82.50 per…
Tesla aims to increase its vehicle sales in Germany by 100% in 2022. However, the EV manufacturer faces an uphill battle as Germany’s electricity prices continue to rise. “Our goal is to double sales every year, so we would be at around 80,000 units in 2022,” a Tesla site manager reportedly told Automobilwoche. Tesla delivered 39,714…
The automotive industry spent less on advertising during the first seven months of 2022. Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or…