Home / Metal News / Tesla Q2 has a net profit of US $104 million. The highest annual output of the German factory is 2 million vehicles.

Tesla Q2 has a net profit of US $104 million. The highest annual output of the German factory is 2 million vehicles.

iconJul 23, 2020 10:55
Source:SMM

[Tesla's German plant can produce up to 2 million vehicles a year or start production next year] it is reported that the outlook for Tesla and its car manufacturing targets in Europe is surprisingly optimistic. The Berlin superfactory can produce up to 2 million vehicles a year, according to sources familiar with the electric carmaker's plans. It is worth mentioning that this is more than twice the output of Volkswagen's Wolfsburg plant, one of the largest production plants in the automotive industry. According to reports, Tesla expects the European electric car market to reach about 12 million vehicles.

[Tesla new superfactory location Texas] the "Tesla battle" between Texas and Oklahoma in the United States has finally come to an end. On the evening of July 22nd, Tesla CEO Elon Musk (ElonMusk) announced that the company would invest $1.1 billion in a new plant near (Austin), Austin, Texas.

 

[Tesla Q2 net profit of $104 million Maaskwang expanded business cooperation with Ningde Times, etc.] Tesla announced its results for the second quarter of 2020. The stock soared more than 6% in after-hours trading after the results were announced. Tesla CEO Musk said he was looking forward to expanding business with Panasonic, Ningde Times and LG Chemical.

[Ningde Times will sell car batteries in Europe] Ningde Times recently signed a Europe-wide partnership agreement with German battery system manufacturer HOPPECKE. Under the agreement, HOPPECKE will test, repair and replace lithium-ion batteries installed in electric vehicles on behalf of CATL, with an initial focus on vans and buses.

[Xilai will set up battery asset company Ningde Times is expected to invest] on July 23, it was learned from a number of people familiar with the matter that Weilai is planning to set up a battery asset management company to promote the separation of cars and electricity, and launch BaaS products on this basis.

 

 

[Guangdong: 28000 rural residents apply for subsidies to buy cars pass the preliminary examination] on May 1, Guangdong Province officially launched a special campaign to send cars to the countryside in 2020, on the basis of comprehensive profits for automobile production enterprises. The provincial financial subsidy for new energy vehicles is 10, 000 yuan, and that for fuel vehicles is 5000 yuan. According to the latest data from the Guangdong Automobile Circulation Association, from May to June, more than 28000 new car subsidy applications in the province have passed the preliminary examination, which means that at least 14000 rural residents buy cars every month.

[state Grid: in the first half of the year, the charging capacity of the company's new energy vehicles increased by 6.4 percent over the same period last year] in the first half of the year, the company completed and put into operation 3083 charging piles, and the charging capacity of new energy vehicles reached 700 million kilowatt hours, an increase of

SMM Cobalt Lithium small Metal Research team

Hu Yan 021 Murray 51666809

Qin Jingjing 021 Murray 51666828

Mei Wang Qin 021 Mui 51666759

Huo Yuan 021 Murray 51666898

Scan the code to apply to join the SMM industry communication group:

Automobiles
new energy
cobalt lithium
Liyuan

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All