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General Motors sees Bitcoin as a means of paying for General Motors sees Bitcoin as a means of paying for

Electric Cars

General Motors sees Bitcoin as a means of paying for its cars

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Tesla made a big announcement when it announced that it would accept Bitcoin as a means of payment for its cars. Since then, however, the company has taken back its words: CEO Elon Musk did not like the fact that Bitcoin mining allegedly uses a lot of traditional energy instead of green. And as soon as this balance swings in the other direction, Tesla will resume selling its cars for BTC. However, as it turned out, not only Tesla is considering Bitcoin as a means of payment for their cars – General Motors is also considering this. And for the industry, the decision to accept BTC on par with dollars for the purchase of a car from this company may be much more important than buying Tesla with Bitcoin.

The fact that GM is asking the price of Bitcoin was not announced by anyone, but by the company’s CEO Mary Barra during a discussion of the company’s 4Q2020 financial results. When asked by Morgan Stanley analyst Adam Jones about whether GM is going to accept Bitcoin as a payment method, Barra replied:

“Of course, Adam. Well, first of all, we have no plans to invest in bitcoin, so stop there. This is what we will track and measure. And if in the future there is a great demand from buyers, nothing will stop us from doing it. “

It turns out that, unlike Tesla, GM does not see Bitcoin as an investment tool and is not going to just buy cryptocurrency, but the company sees Bitcoin as a means of paying for its cars. Barra’s statement is very important in the sense that if the company still decides to accept BTC, then it can simply turn the market around, because it is one thing when Bitcoin is used to pay for Tesla cars sold in volumes of about 500 thousand a year, and quite another. when BTC becomes a means of payment for nearly 7 million cars sold annually: GM’s market size, measured in annual sales, is now 13 times the size of Tesla’s. This is the difference in market influence.

It should be noted that GM does not sell cars in the United States directly to consumers, but does it through dealerships – this may complicate the introduction of Bitcoin as a means of payment. However, if users find it convenient, the company will clearly be able to come up with something. Recall that at the moment about 46 million Americans own at least part of Bitcoin, and according to Skybridge Capital forecasts, by 2025 the number of Bitcoin users in the world will increase from the current 125 million to 1 billion. Of course, as Bitcoin spreads and payment methods that support BTC improve, requests from ordinary people to buy various items using cryptocurrency will only grow.

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Electric Cars

Flying “car” LEO Coupe will have over 200 propellers

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Flying car LEO Coupe will have over 200 propellers

LEO Flight, formerly known as Urban eVTOL, has revealed an alpha version of its LEO Coupe (LX-1) flying vehicle. It is alleged that the novelty will be able to transport three people at speeds up to 400 km / h.

Flying

The prototype is currently equipped with 72 duct fans to create lift. The final version will receive more than 200 propellers, which will allow the vehicle to take off and land vertically. According to the developers, this is the most efficient way to fly in this mode.

Flying

alpha prototype

In addition, the LEO Coupe will be equipped with box-shaped wings, but they will provide lift at speeds of about 200 km / h, so at low speeds you will have to rely only on propellers.

Using a large number of small propellers instead of a few large ones will save battery power. Also, small fans reduce the dimensions of the machine. It is alleged that the LEO Coupe will be able to sit in a regular parking space.

A proof of concept in action is expected as early as August this year. But the timing of the appearance of the finished machine is not reported.

Earlier in Brazil, Eve received an order for 100 vertical takeoff and landing electric aircraft.

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Electric Cars

Tesla workers cannot return to offices, as Elon Musk ordered. There are not enough slots and parking spaces, and the Wi-Fi signal is very weak

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Tesla workers cannot return to offices as Elon Musk ordered

In early June, Tesla CEO Elon Musk ordered remote employees to return to their offices, and they obeyed. Only, as it turned out, Tesla itself was not ready for this. At least – her facility in Fremont (California). Workers faced a shortage of tables, parking spaces and even Wi-Fi!

Tesla workers cannot return to offices, as Elon Musk ordered.  There are not enough slots and parking spaces, and the Wi-Fi signal is very weak

During the pandemic (more precisely, since 2019), the number of Tesla employees has doubled to 99,210 people. And although Musk himself has already recognized hiring as redundant and announced the dismissal of 10% of the staff, the problem of shortage of space in offices will still have to be dealt with somehow.

The lack of parking spaces is what was waiting for Tesla workers outside, but there were simply no empty spaces inside. Tesla has reportedly repurposed some of the space during the pandemic, and of course, this did not take into account the return of the overgrown staff back to the office. It is noted that the shortage of tables was so great that managers still asked some employees to work from home. And those who had enough tables and space complained about a weak Wi-Fi signal.

All in all, Musk’s plan to get employees back in the office was not without flaws.

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Electric Cars

496 hp, all-wheel drive and HarmonyOS. Huawei’s first electric car will be presented on September 12 – along with Huawei Mate 50

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496 hp all wheel drive and HarmonyOS Huaweis first electric car

Judging by the rumors that circulate in the Chinese (and not only) media and relate to the premiere dates of new Huawei products, the company has revised its announcement strategy. If earlier car premieres did not intersect with other devices, now it is the other way around: cars are presented on the same day as smartphones. And so it will be with the company’s first electric car, the Aito M5e.

496 hp, all-wheel drive and HarmonyOS.  Huawei's first electric car will be presented on September 12 - along with Huawei Mate 50

Recall, the other day it became known that the premiere of the nova 10 series smartphones will take place on July 4, and on the same day, Huawei will present its second car, the large Aito M7 hybrid crossover. It is possible that the car, smartphones and other novelties will make their debut on the same stage. And now the same is being said about Huawei’s first electric car, the Aito M5e. Its premiere is scheduled for September 12, and on the same day, Huawei is rumored to introduce the Mate 50.

496 hp, all-wheel drive and HarmonyOS.  Huawei's first electric car will be presented on September 12 - along with Huawei Mate 50

There are no official details about the Aito M5e, but the car has already been listed in the Chinese regulator’s database, which has revealed key details. So, Aito M5e will receive two electric motors: 224 hp. on the front axle and 272 hp. – on the back. That is, the crossover will be all-wheel drive. The capacity of the traction battery will be 72 kWh. There is no data on the mileage on a single charge, but you can count on about 500 km.

496 hp, all-wheel drive and HarmonyOS.  Huawei's first electric car will be presented on September 12 - along with Huawei Mate 50

496 hp, all-wheel drive and HarmonyOS.  Huawei's first electric car will be presented on September 12 - along with Huawei Mate 50
496 hp, all-wheel drive and HarmonyOS.  Huawei's first electric car will be presented on September 12 - along with Huawei Mate 50

Aito M5e is a mid-size crossover, its length, width and height are, respectively, 4785, 1930 and 1620 mm. But at the same time, it will be spacious inside, since the length of the wheelbase is 2880 mm. Weight Aito M5e, depending on the capacity of the traction battery, will be 2235 or 2350 kg. Externally, the Aito M5e will repeat the Aito M5 hybrid crossover, the first Huawei car. The interior will also be about the same as the Aito M5 – with a large screen in the center and a multimedia and entertainment system running HarmonyOS.

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