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Elon Musk confirms Tesla’s $1.4 billion loan for Giga Shanghai was paid off early

Teslarati

billion loan, which was granted from Chinese banks, in just sixteen months. billion loan from Chinese banks, this was likely fueled by the widened gross margins Tesla was receiving from its vehicle sales. Tesla CEO Elon Musk confirmed on Twitter several days ago that the company’s $1.4 on the Model Y.

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Volkswagen ID.3 may compete with Tesla Model Y after €3k price drop

Teslarati

3’s expected price drop makes it more affordable than the Tesla Model Y Long Range and Performance in the United States and Europe. “The times when traditional German carmakers could take their market shares [in China] for granted are gone,” said Gregor Sebastian, an analyst at the Mercator Institute for China Studies.

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Sure, China’s Hypersonic Weapons May Have Incited a “Sputnik Moment”

Cars That Think

The Chinese have pushed the technology just as hard , and with far more funding. has armed itself according to an outspend-our-rivals mindset at least since Grant prevailed over Lee in 1865. Take as an example the recent talk of whether the United States might defend Taiwan against a Chinese attack of some kind.

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U-M and Shanghai Jiao Tong University fund 6 energy and biomedical projects; batteries, policy and fuels

Green Car Congress

The goal os this project is to explore the potential of new classes of materials for making electrochemically superior, environmentally friendly, and affordable electrodes for lithium-ion batteries that may be used in such applications as electric vehicles. Principal investigators: David H.

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Ford to invest $1.8B in R&D in China

Green Car Congress

billion) in research and development in China in recognition that Chinese consumers are increasingly driving global innovation. A survey commissioned by Ford found that 45% of Chinese drivers have used their phones, and 31% have sent text messages, while stuck in traffic. Ford Motor plans to invest RMB 11.4 billion (US$1.8

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Will AI Steal Submarines’ Stealth?

Cars That Think

For example, the Chinese Navy has invested in a fishlike. submarines; those around the islands of Hainan and Taiwan, for Chinese submarines; in the Barents or Kuril Island chain, for Russian submarines; and the Straits of Juan de Fuca, for U.S. destroying them , which is why several militaries are investing heavily in them.

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New EV electric car calendar

EV Central

ACE-EV X1 Transformer – Australian-based start-up plans a small range of affordable EVs focused on light commercial duties. $5 5 million government grant was awarded in the 2020/2021 budget to help set up Adelaide-based manufacturing facilities. Chevrolet Equinox – affordable mid-sized SUV set to go EV in 2023.