Volkswagen to reduce EV production at their Emden, Germany Plant due to a 30% lower than expected demand. This plant is one of Volkswagen’s largest production facilities in Europe. It currently produces the ID.4 and ID.7 electric SUVs, as well as the Passat sedan and estate. Volkswagen said that it will reduce production at the...
The global semi-conductor shortage began in 2020 and has continued into 2023. Semi-conductors, also known as chips, are essential components in consumer electronics like smartphones and computers. They are also used in cars for a variety of functions, from entertainment systems to power steering. On average, EVs require about 1300 chips, while ICEs typically are...
EV Projections are changing for some companies like: Polestar: Lowered production predictions from 80K to between 60-70K Lucid: Lowering projections from 10-14K closer to 10K Fisker: Lowered projections from 42,400 to between 32- 36K Nikola: Pausing production Lordstown Motors: Anticipates ending production in the near future. 7 reasons for lowered EV production expectations for 2023:...
Do EV Startups or Legacy Automakers have the largest disadvantage in regards to production and scale of Electric Vehicles? Here are a few things to consider: EV StartUp: *Leadership team/ visionaries *Raising capital / SPACS *Building trust and relationships *Design Core Product that consumers want *Partner with tech/manufacturing companies *Factory builds *Compete for a piece...
Who is bringing back the Goddess ornament? Who is hand-crafting their EVs? Who has an MSRP that starts around $300K? Who can only be ordered through a waitlist? Who has a vehicle that matches buyer with a personal concierge? Who is planning to build no more than 2 cars a day? Who is sold out...
What will determine your purchase between the two with gas price increases vs battery material increases? High cost increases affecting nickel, a metal that is used for batteries in EVs, will affect EV manufacturing, scaling and production. Pivoting to lithium-ion iron cathode tech is in the works at Tesla. Unfortunately, according to published researched...
I have often wondered about this and somehow likened it to fashion shows where the clothes never make it to production. Funny enough, I looked up info on how it’s a similar “concept” with fashion and one piece I found explains the concept of fashion and concept cars in the same article! Obviously I am...