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Foxconn’s electric vehicle facility may be headquartered in Mexico

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Foxconn Technology Group will select the site this year for its first electric vehicle plant. She considers Mexico and the United States (Wisconsin) as options.

The Taiwanese contract electronics manufacturer is already operating in these countries and can use existing facilities. This was announced today by Young Liu, chairman of Hon Hai Precision Industry, Foxconn’s flagship division. According to him, one of the decisive factors in choosing a location will be the availability and availability of engineers and skilled labor.

The chairman also said the company is working to finalize a joint venture agreement with Fiat Chrysler Automobiles. He declined to comment on information about a possible assembly of electric vehicles for Apple, calling it a rumor.

At the same time, Liu confirmed that Foxconn is in talks with American electric vehicle makers, with which no deal has yet been announced.

Foxconn, Apple’s largest manufacturing partner, hopes to replicate the success it has achieved in electronic contract assembly with electric vehicles. The company aims to take 10% of the electric vehicle market and start shipping solid-state batteries not in 2024, as announced, but even earlier.

Foxconn is betting on cars as smartphone growth slows. Foxconn’s core business of mobile devices worldwide has been declining in recent years. In contrast, the production of electric vehicles is growing rapidly.

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Electric Cars

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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Officially: the new Nissan Leaf will be a crossover

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Nissan’s new Leaf electric car will be a compact SUV. Rumors about this have been circulating on the web for a long time, but now the information has been officially confirmed by the head of the European division of Nissan, Guillaume Cartier. Back in July, plans were announced to build a new crossover in Sunderland as part of a massive £ 1 billion investment in the plant. The Nissan Leaf electric crossover will go into production in 2025 at a plant in the UK. At the initial stage, it is planned to produce 100 thousand cars annually.

The new Nissan Leaf crossover will be based on the Renault-Nissan-Mitsubishi alliance CMF-EV platform. By 2025, Nissan’s main lineup will include five models, all of which will be electrified crossovers: Juke, Qashqai, Ariya, X-Trail and Leaf. The emphasis on electrification means Nissan will not invest in combustion engine technology to meet EU7 emission requirements due to be introduced in Europe in the middle of the decade. There are no technical details about the future of the Nissan Leaf yet. …

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