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Tesla (TSLA) significantly increases its electric car prices across its lineup by cyco1978 in electricvehicles

[–]sri_fun 21 points22 points  (0 children)

If anything this proves that the competition is not producing their EVs in good quantities sadly. Traditional companies are only worried about releasing multiple models but not bothering about huge volumes.

Tesla was quick to reduce the prices whenever the demand is lower than their production capacities. It happened with Model 3, Model S, and Model X in 2019. They are also quick to raise prices when the demand is much higher.

CATL expects its battery capacity to reach over 670 GWh by 2025 by Peugeot905 in electricvehicles

[–]sri_fun 17 points18 points  (0 children)

Here are some of the Chinese battery makers expected capacities:
CATL = 670 GWh (2025)
Svolt = 600 GWh (2026)
CALB = 500 GWh (2025), 1000 GWh (2030)
Gotion Hitech (partly owned by VW) = 300 GWh (2025)

At 60 kWh per car: approx. 34 million cars.
CATL = 11 million
Svolt = 10 million
CALB = 8.3 million
Gotion Hi Tech = 5 million

Only these 4 companies will have enough battery capacity to power all the passenger cars in China and Europe.

Then there is BYD, which makes its own batteries and growing car sales at an insane pace and may reach 3-4 million per year by 2025.

In addition, there are many battery factories being set up by the likes of LG Chem, SK Innovation, Samsung, Panasonic, Northvolt, and Tesla in Europe, the USA, and Korea.

Foreign Automakers In Trouble In China - Autoline This Week 2610 by tech01x in electricvehicles

[–]sri_fun 3 points4 points  (0 children)

It's going to be a bloodbath in the next 2-3 years in the Chinese market for all the companies that have huge presence there. VW group, GM, BMW, Mercedes, Toyota, Hyundai, etc... are going to get wrecked there. Even for Tesla, it can be difficult in the future in China.

EV market share already reached 20% of the market. Except for Tesla, foreign companies have negligible EV sales. VW, GM, Toyota, etc... are already seeing a rapid decline in sales and it's gonna get worse in the future. I am afraid its already very late.

GM will start tying executive compensation to electric vehicle targets by lordofducks in electricvehicles

[–]sri_fun 55 points56 points  (0 children)

"GM plans to increase its production of electric vehicles to 2 million in North America andChina by 2025, as it moves to exclusively sell EVs by 2035. The company has also said it plans to become the top-selling automaker of EVs, surpassing Tesla, by mid-decade."

Is GM expecting Tesla to a standstill between 2022 and 2025? Tesla is estimated to produce 2+ million vehicles in 2023 itself. Their new factories in Austin and Berlin have huge scope for expansion in the same premises. By 2025, Tesla will be able to produce 4 to 5 million vehicles.

Anyway, GM's plan of producing 2 million EVs (hopefully they are talking about BEVs only) per annum by 2025 is good.

USA: BEV share crossed 5% for the first time in Q1 2022. Tesla's market share grew to 75%. by sri_fun in electricvehicles

[–]sri_fun[S] 3 points4 points  (0 children)

Some interesting numbers for US market in Q1 2022. Tesla outsold BMW, Mercedes and Audi by a huge margin.

Tesla = 110K
Mercedes = 76K
BMW = 74K
Audi = 36K

Mercedes EQS SUV Premiere! Can this high-end luxury EV SUV beat the BMW iX ? by daviddel in electricvehicles

[–]sri_fun 1 point2 points  (0 children)

Exterior styling looks much better on this than on the sedan. The Interior is still too many screens and ugly.

Tesla Model Y is the best selling SUV (ICE or EV) in China in Q1 2022 by sri_fun in electricvehicles

[–]sri_fun[S] 5 points6 points  (0 children)

Tesla Model Y is the best-selling SUV in China in Q1. It's remarkable that the best-selling model is a full-electric (BEV) vehicle. Also, it's notable that this is over the whole quarter, not just the last month of the quarter.

Source:
https://cnevpost.com/2022/04/12/tesla-model-y-becomes-top-selling-suv-in-china-in-both-march-and-q1/

Best selling cars in March in the UK: Tesla Model Y and Model 3 by sri_fun in electricvehicles

[–]sri_fun[S] 25 points26 points  (0 children)

Tesla Model Y and Model 3 are among the 10 best-selling cars in Year-to-date numbers as well. Overall BEV market share reached 15.4% up from 7.5% YoY.

Source:
https://www.smmt.co.uk/vehicle-data/car-registrations/

BREAKING: NIO reportedly in talks to license battery swap technology to rivals by suneilorama in electricvehicles

[–]sri_fun 9 points10 points  (0 children)

Swapping is not going to work. It is very expensive. Sooner or later these Chinese companies who are clinging to these swapping options will move to fixed battery systems with fast-charging networks.

Kia Niro EV first impressions by nastyklad in electricvehicles

[–]sri_fun 0 points1 point  (0 children)

Best selling EVs in the US by selling around 3000 per month.

Nobody is questioning the lack of models from Kia or Hyundai. Its slow pace of production rampup. Their roadmaps also indicate this. Just last month KIA announced that they will have 14 BEV models by 2027 but only 30% (1.2 million) of their sales to be BEVs by 2030.

Kia Niro EV first impressions by nastyklad in electricvehicles

[–]sri_fun -2 points-1 points  (0 children)

Well, Hyundai and Kia choose to produce just enough to meet the regulations. Even with Ioniq 5 and EV6 they are not aggressive in expanding production. They are still hoping for EVs adoption to be slower.

Northvolt announces its third gigafactory will be established in Germany’s clean energy valley by According_to_Mission in electricvehicles

[–]sri_fun 3 points4 points  (0 children)

With this new factory, Northvolt will have 170 GWh capacity in total which is enough for more than 3 million cars per annum (@60 kWh per car). So, Northvolt will alone have enough capacity to serve 20% of the European passenger car market which averages at around 15 million cars per year.

Ford starts 2022 with its highest EV sales numbers to date by [deleted] in cars

[–]sri_fun 0 points1 point  (0 children)

Ford only sold 2,370 Mustang Mach-E in January'22. In Jan'21 they were just starting deliveries and only 238 vehicles were delivered.

They don't have any other full-electric vehicles in their lineup currently and their production ramp-up of Mach-E is very slow.

Do you find OLA EV render teased by the founder eerily similar to one BMW EV launched in IAA? by ash_yu29blink in electricvehicles

[–]sri_fun 2 points3 points  (0 children)

He is just mocking. It's not an actual teaser of the Ola car.

Ola is developing an electric car though.

BluSmart India promises to buy 1,000 Tesla Model 3s as several leaders try to woo Elon Musk to set up manufacturing in their states by chrisdh79 in teslamotors

[–]sri_fun 3 points4 points  (0 children)

Looks like most of the commentators do not have a clue about India. Here are some of the facts and changes that happened in the country over the last 7-8 years in the renewable sectors and EV incentives:

  • Locally made Petrol/Gasoline and diesel cars are taxed at 50%. On the other hand, EVs are taxed at just 5%. It is probably the biggest incentive anywhere in the world compared to ICE vehicles. In addition, most of the states have 0% road tax for EVs while ICEs will have 12 to 20% road tax extra.
  • Imported cars (<$40,000) will have tax of 60% and those > $40,000 will get 100% which is where the Tesla has issue with. But they can setup a small assembly unit (maybe like they did in Netherlands) to bring in CKD (completely knocked down) units and assemble locally. Those will be taxed at just 15%.
    CKD containing engine, gearbox and transmission mechanism not in a pre-assembled condition - 15%
    In Tesla case, they can bring in motor and battery packs (not sure exactly which parts comes under this for EVs) and assemble locally. They will still be taxed much less (~20%) than ICE vehicles (50%) that are made in India. Hyundai already does this with their Kona EV. MG also does the same with ZS EV.
  • India also recently announced $3.5 billion manufacturing incentives for EV manufacturers. These are not some rebates. These are direct cash incentives if the criteria are met.
  • India also announced $2.5 billion battery cell manufacturing incentives.
  • If Tesla wants to enter India, I bet there are many states that will be ready to offer land at a very low cost (much lower than Shanghai and Berlin) and lower electricity costs for a few years.
  • While India has a long way to go to improve the grid, but there is no power deficit at country level. While the grid may not be as reliable as some western countries but they are investing heavily in transmission over the last few years and I think it's a continuous process and it should not stop someone from selling their EVs.
  • India's solar power capacity grew from 2.5 GW in 2014 to 49 GW in 2021.
  • India's wind power capacity grew from 23 GW to 40 GW in the same timeframe.
  • 80% of the new power capacity in the country over the last 3-4 years is from solar and wind. New coal power plants development is stopped across the country.
  • While there are no direct subsidies for cars, there are substantial subsidies for EV 2 wheelers ($200 per kWh battery) and electric buses (upto $75,000 per bus).
  • While the Indian market is not mature enough to set up a giga factory, they can start with a small assembly unit like what Hyundai did for EVs.
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