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Foxconn develops batteries for electric vehicles

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Foxconn Electronics, known as a contract electronics manufacturer and recently actively promoting the same business model in the electric vehicle market, is developing batteries, according to a source citing industry data. More specifically, it develops lithium iron phosphate (LFP) and solid-state batteries for use in electric vehicles.

Batteries account for about 50% of the mass of an electric vehicle and 30% of its cost. It is believed that if the mass of the battery can be reduced by 50%, the range of electric vehicles can be increased by 25%. In other words, this is an important area of ​​work.

Foxconn plans to introduce battery samples for electric vehicles in 2021 and bring development to commercial use in 2024, according to Foxconn executives.

Industry sources point out that many major car manufacturers are developing solid-state batteries for electric vehicles on their own or in collaboration with battery manufacturers. None of them have yet achieved success, if we consider the use of solid-state batteries in mass-produced machines as such.

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Electric Cars

Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

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Tesla yesterday released its financial report for the third quarter of this year, which recorded revenues of $ 13.76 billion and net income of $ 1.62 billion. Against the backdrop of stagnation in the industry due to a lack of components, Tesla’s report looks very convincing, which immediately affected the value of shares – they went up.

Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

Yes, the day Tesla shares added $ 10 in price and went beyond the psychological mark of $ 900. They have never been so expensive. As a result, Tesla’s market capitalization surpassed the $ 908 billion mark.

Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

There is no other company in the automotive industry that has a comparable market value. By comparison, Toyota is in second place, with a market value of just under $ 240 billion. If we sum up the market capitalizations of the most famous automakers in the world, it turns out that Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan – with all their brands.

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14 electric motors and a cruising range of 160 km. NASA’s X-57 Maxwell electric aircraft prepares for its maiden flight

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In the summer of 2016, NASA announced plans to create an electric X-57 Maxwell aircraft. Then it was only a concept, but two years ago we already saw a partially finished aircraft.

And now he is preparing for his first flight. The X-57 Maxwell is based on the light Italian Tecnam P2006T aircraft, which allowed NASA to significantly reduce the time it takes to create its project.

The first flight of the X-57 is scheduled for next spring. At the same time, in the existing photographs, the aircraft is equipped with only two engines, although the concept involves the additional installation of 12 more smaller ones, the blades of which fold when not in use. They will be installed later.

14 electric motors and a cruising range of 160 km.  NASA's X-57 Maxwell electric aircraft prepares for its maiden flight

According to NASA forecasts, the aircraft will eventually be able to reach a cruising speed of 277 km / h. The power reserve is expressed in the ability to fly about 160 km, or about 40 minutes. To achieve such indicators, the aircraft will need a battery weighing about 363 kg.

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Tesla’s bitcoins have brought a “loss” to the company? The company’s digital asset depreciated by $ 51 million, but this is at the end of the third quarter

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Tesla has published a report on the results of the third fiscal quarter of this year. And it mentions the company’s loss from investments in bitcoin in the amount of $ 51 million. More precisely, we are talking about the depreciation of the asset by the specified amount, since in the third quarter, according to the report, the company did not sell or buy cryptocurrency.

Tesla’s third quarter ended on September 30. On that day, Bitcoin was worth a maximum of about $ 44,000. At the same time, since that moment, the price of the asset has grown by one and a half times, so now the company is clearly in the black. However, according to US law, although the company is obliged to stipulate the depreciation of digital assets in its financial statements, it is not required to indicate their growth. According to some estimates, Tesla now owns more than 43,000 bitcoins, which at its current exchange rate equals more than $ 2.8 billion. In terms of the financial statement as a whole, the company generated $ 13.76 billion. Net income amounted to $ 1.62 billion, which is almost five times more than a year earlier. The automotive business earned the company $ 12.06 billion, and the company raised another $ 806 million from its energy business, which combines energy storage and rooftop solar panels. …

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