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Tesla confirms plans to build second plant in Shanghai Tesla confirms plans to build second plant in Shanghai

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Tesla confirms plans to build second plant in Shanghai

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There was confirmation of the previous information that Tesla plans to build another factory for the assembly of electric vehicles in Shanghai. The company confirmed the relevant plans in a letter sent to the leadership of the Lingang Free Trade Zone.

The new plant will be located close to the company’s existing facility in the Lingang District Free Trade Zone. It is planned to launch the production of Model 3 and Model Y electric vehicles in the amount of about 450 thousand units per year.

Tesla confirms plans to build second plant in Shanghai

The commissioning of the new facility will allow the company to increase the assembly of electric vehicles in Shanghai to 1 million units per year. The timing of construction has not yet been specified, although it was previously said that the plant could start building as early as March.

Investment in the first Tesla plant in Shanghai amounted to about $7.8 billion. Last year, over 484 thousand electric vehicles were assembled at this enterprise, while the annual growth was 235%.

In the first quarter of this year, 182,000 Tesla electric vehicles were produced in China, already three times more than a year earlier.

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Electric Cars

Honda showed its first electric crossover Prologue. But it will only be released in 2024.

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Honda showed its first electric crossover Prologue But it will

Honda, like many other Japanese brands, is far behind its European competitors when it comes to electrifying their cars. The company already has a Honda e, and now the manufacturer has unveiled its first electric crossover, the Prologue. True, the car will enter the market only in 2024.

Honda showed its first electric crossover Prologue.  But it will only be released in 2024.

Whatever it was, so far we have only one official image. The crossover on it is not very similar to the current Honda models. The source says that Prologue is a joint development of the Japanese giant and GM, but no details yet. It is likely that the Prologue and some General Motors electric cars will have a common platform.

Honda plans to introduce 30 new electric vehicle models by 2030 and expects sales of 2 million units. After launching the Prologue in 2024, Honda plans to begin production of new electric vehicles based on its e:Architecture architecture in 2026, and in 2027 it will have affordable electric vehicles also co-developed with GM.

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Electric Cars

“I will vote Republican.” Musk lashes out at Democrats over Tesla’s exclusion from S&P 500 ESG index

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I will vote Republican Musk lashes out at Democrats over

Tesla was excluded from the S&P 500 ESG at the beginning of the month, but most people only knew about it now that Elon Musk decided to speak out about it.

ExxonMobil ranks in the top 10 in the world in the S&P 500 ESG Index, while Tesla didn’t make it! ESG is a scam. It was used as a weapon by fake social justice fighters.

I will vote Republican Musk lashes out at Democrats over

The fact is that the S&P 500 ESG is an index that takes into account the environmental and social performance of companies. And Musk was obviously hurt that the huge oil company ExxonMobil was on the list, and Tesla was decided to be excluded. And there are even official reasons for the exclusion: Tesla has no strategy to reduce carbon emissions, no code of business conduct, and the company has also been accused of racism and poor working conditions.

But Musk did not stop at one statement.

I’ve voted Democrats in the past because they were (mostly) the goodness party. But they have become a party of division and hatred, so I can no longer support them and will vote Republican. Now watch their dirty campaign against me unfold

This is a much more serious statement, since many of Musk’s supporters are his supporters precisely because of his political views. Immediately, Musk made it clear that he changed them. This has already cost Tesla about $40 billion in capitalization, as the company’s shares fell immediately after the publication of its head.

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Introduced two-seater Squad electric car with a solar battery

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Introduced two seater Squad electric car with a solar battery

Electric vehicle startup Squad Mobility has announced a two-seater electric car with a rooftop solar panel.

The name Squad stands for Solar Quad and the car will debut in Europe in 2023 with a starting price of 6,250 euros.

Introduced two-seater Squad electric car with a solar battery

This is a compact solar powered electric car that has a fairly simple design and is positioned as an affordable electric car. It will get large windows, removable doors, stylish wheels and a solar panel on the roof. The solar battery will allow to overcome up to 20 km a day. The car also has a replaceable battery, allowing you to increase the range to about 100 km. The Squad’s battery can be charged from common household outlets, adding to its versatility.

Introduced two-seater Squad electric car with a solar battery

The interior of the Squad is very simple, but the cabin has a digital instrument panel, as well as a climate control system. Two rear electric motors deliver up to 5 hp. and a top speed of 45 km/h.

Introduced two-seater Squad electric car with a solar battery

The company says it is also developing a four-seater solar-powered electric vehicle, but no release date has been given.

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