Tesla's annual output is still expected to reach 500000 vehicles this year. * LG Chemical won the championship in battery installed capacity from January to August.

Published: Oct 9, 2020 14:36

(Tesla's annual output is still expected to reach 500000 vehicles this year, the capacity utilization rate is about 72%. According to an internal email, Elon Musk, CEO of Tesla, told employees that the company is still expected to produce 500000 cars this year. According to investor data updated by Tesla in the second quarter, Tesla currently has a production capacity of 690000 vehicles, so the annual production of 500000 vehicles means that its capacity utilization is 72 per cent. Tesla shares rose 3.6 per cent to $428.86 on the news.

Unlike the recent stagnation of sales of traditional cars in Germany, European electric cars have experienced sustained growth after six months of V-word growth and are booming in September. Germany, the largest car market in Europe, registered 21188 pure electric vehicles ((BEV),) in September, up 5112 from August, a record number, according to (KBA), Germany's federal motor transport agency. Market share rose to 8% from 6.4% in August, an increase of 260.3% over the same period last year.

 

According to the data, from January to August in 2020, the installed capacity of LG chemical batteries ranked first in the world, occupying 25% of the global market share of electric vehicle batteries. Ningde Times, a Chinese battery maker, came in second with a 24 per cent market share, while Panasonic ranked third with a 19 per cent share.

[official opening of Weilai China headquarters in Hefei] on October 9, the official of Weilai Automobile announced that on the morning of October 9, the Weilai China headquarters in Hefei, Anhui free trade experimental area, was officially opened.

[former Tesla co-founder switched to recycling batteries has reached a partnership with Amazon and Panasonic.] Tesla co-founder Straubel (JB Straubel) said at a technology conference on Wednesday local time that his start-up-Redwood Materials plans to recycle more than 1 megawatt of battery waste from Tesla super factory this year-enough to power more than 10, 000 Tesla cars. To achieve this, Stroubel has previously partnered with Amazon and battery giant Panasonic. Straubel says his ultimate goal is to establish a recycling system for battery production and recycling. "this will significantly reduce the mining of nickel, copper, cobalt and other raw materials within decades, as well as reduce the loss of scrapped batteries in the production process.

 

[electric cars account for 90% of Volkswagen's sales in Norway in 2021] Volkswagen importers in Norway said on the 7th that electric vehicles are expected to account for 90% of Volkswagen's sales in Norway in 2021. And completely replace diesel and gasoline cars in Norway by 2023.

[Volkswagen ID.4 will release its domestic version in China in October] Volkswagen plans to officially launch the domestic version of the ID.4 model in Shenzhen on October 22nd. The new car will be localized at the SAIC-Volkswagen Anting plant and the FAW-Volkswagen Foshan plant and sold through the distribution channels of the two joint ventures. The new car is expected to launch in 2021, according to SAIC-Volkswagen and FAW-Volkswagen in the Ministry of Industry and Information Technology model declaration information, Volkswagen will adopt a dual-model strategy for the ID.4 model in the Chinese market.

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Tesla's annual output is still expected to reach 500000 vehicles this year. * LG Chemical won the championship in battery installed capacity from January to August. - Shanghai Metals Market (SMM)