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Tesla FSD in China could add $2.3 billion in annual earnings by 2030: Bank of America

Teslarati

Bank of America seems to be seeing the potential of Full Self Driving (FSD) for Tesla’s future in China. billion by 2030 if the advanced driver-assist suite sees increased adoption among the company’s customers in China. billion in annual earnings by 2030 under the same assumptions,” Bank of America noted.

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Volkswagen Group, Siemens invests $450M in Electrify America

Green Car Congress

The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45 Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.

America 397
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Benchmark Mineral Intelligence: global battery gigafactory pipeline tops 300; China dominates

Green Car Congress

China continues to dominate gigafactory announcements, but North America and Europe have seen significant growth over the past two years thanks in part to automaker and battery manufacturer joint ventures. In 2031, China is set to have almost 4,500 GWh of gigafactory capacity, representing 70% of global capacity.

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Tesla ships more vehicles from China to North America

Teslarati

Tesla is shipping another batch of vehicles from China to North America as a second ship packed with all-electric cars built at Gigafactory Shanghai is on its way to Canada. Musk, said reports of the company shipping cars from China to the U.S. were “false” in a Tweeted response. Tesla is likely keeping U.S.

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Tesla confirms no Model Y refresh this year in North America, but change afoot in China

The Driven EV News

The post Tesla confirms no Model Y refresh this year in North America, but change afoot in China appeared first on The Driven. Tesla says refreshed Model Y will not arrive this year, but changes to the world's best-selling car appear on-going.

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Exclusive: Tesla’s head of China takes over sales in North America

Electrek

Tesla’s head of China, Tom Zhu, has taken over responsibilities for sales, service, and deliveries in North America, according to sources familiar with the matter. The post Exclusive: Tesla’s head of China takes over sales in North America appeared first on Electrek.

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Snow Lake Lithium calls for the creation of a complete electric vehicle ecosystem across North America

Green Car Congress

Canada-based Snow Lake Lithium has outlined the need to create a comprehensive electric vehicle ecosystem across North America to protect the future of its domestic automotive industry. With some 15 million vehicles sold in the US last year, the automotive industry is estimated to contribute $1.1 trillion to the US economy every year.