Smart Cars
Volkswagen CFO Advocates Cost Reduction Over Tariffs to Compete With Chinese EVs
May 27, 2024 – According to a report by Bloomberg, Arno Antlitz, the Chief Financial Officer of Volkswagen, stated this week that imposing higher import tariffs on Chinese-made electric vehicles by the European Union would only provide a “temporary breather.” In the long run, he emphasized, cost reduction remains the essential condition for maintaining competitiveness….
Toyota’s EV Push: Catching Up After Two Years of Intense Development
May 23, 2024 – Ted Ogawa, the CEO of Toyota Motor’s U.S. division, has admitted that the company is currently lagging behind Tesla but is actively “catching up” in the field of electric vehicles (EVs) and new technologies. Toyota’s transition towards electrification has faced challenges, as evidenced by the bumpy start of its first EV…
Soaring EV Sales in the US Result in Electricity Consumption Surpassing That of the Rail System
May 22, 2024 – According to data from the U.S. Energy Information Administration (EIA), the annual electricity consumption of light-duty electric vehicles (EVs) in the United States surpassed that of the railroad system for the first time in 2023. The EIA has been publishing estimated electricity consumption data for EVs at the national, regional, and…
Tesla Reveals Revolutionary Robotaxi Interior: A Steering-Wheel-Free, Two-Seater Car
May 21, 2024 – Tesla has recently released a promotional video via the X platform, urging shareholders to vote in favor of Elon Musk’s $55 billion compensation package and the relocation of the company’s incorporation to Texas. Within the video, a glimpse of what appears to be the interior of Tesla’s upcoming Robotaxi has sparked…
Tesla’s Korean Supercharger Department Faces Dissolution, Employees Urged to Resign
May 20, 2024 – According to a report by the Korean Central Daily, Tesla Korea has recently sent an email to all its employees, requesting them to voluntarily resign – a common form of layoffs in Korea. Based on data from the Financial Supervisory Service, Tesla Korea, which was established in December 2015, currently employs…
Tesla Hits Milestone: 3 Millionth Car Rolls Off Production Line at Fremont and Nevada Gigafactories
May 19, 2024 – Tesla, the electric vehicle giant, announced a significant milestone yesterday afternoon via its X platform account. The company revealed that it had manufactured its three millionth car, marking a remarkable achievement in the automotive industry. Accompanying the announcement were a pair of photographs showcasing the landmark vehicle, a sleek deep blue…
Ford CEO Hints at Four-Door Mustang Variant in Brand Expansion Plan
May 17, 2024 – Jim Farley, CEO of Ford, recently attended the Goodwood Membership Meeting, where he emphasized that the Mustang is the world’s best-selling two-door sports car with a devoted global following. Farley stressed that any Mustang variant must embody the “performance and attitude” synonymous with the iconic brand, as a way to honor…
Tesla’s Berlin Factory Expansion Approved Amidst Ongoing Protests
May 17, 2024 – Despite protests from community members, Tesla has secured approval from the local council for the expansion of its Superfactory in Berlin, Germany. The company had previously submitted plans to double the plant’s production capacity, aiming to produce 100 gigawatt hours (GWh) of batteries and one million cars annually, with the intention…
Baidu Explores ‘Possible’ Coop with Tesla for Robotaxi Services
May 16, 2024 – According to a report by Shanghai Securities News, Xu Baoqiang, General Manager of Baidu’s Autonomous Driving Technology Department, stated today that Baidu will consider possible cooperation opportunities with Tesla based on the specific application mode and the pace of entering the Chinese market of Tesla’s upcoming Robotaxi (shared taxi) service. Elon…
Tesla Pushes for Shareholder Approval of Musk’s Lucrative Compensation Package and Texas Relocation
May 16, 2024 – Tesla is actively lobbying its shareholders to approve two key proposals at the upcoming annual general meeting. The first proposal seeks approval for CEO Elon Musk’s 2018 compensation package worth $56 billion (currently valued at approximately 405.44 billion Chinese yuan), while the second proposal aims to relocate Tesla’s incorporation from Delaware…