Category: Tesla

Tesla seeks to build new battery plant with CATL in US, report says

As with Ford's deal structure, would own and operate the plant while licensing technology from , according to Bloomberg.  |  TSLA.US

(Image credit: CnEVPost)

Tesla is reportedly looking to build a new battery factory with CATL in the US, similar to the Chinese battery-maker giant's deal with Ford last month.

Bloomberg reported on the matter earlier today, saying Tesla discussed plans involving CATL with the US government.

Tesla representatives sought clarity on the Inflation Reduction Act rules that the US government is finalizing this week, and the company's senior director of global public policy Rohan Patel was among those involved in the discussions, according to the report.

Tesla hopes to build a plant wholly owned by it in partnership with CATL, similar to a deal Ford announced last month in Michigan, the report said.

Tesla is in expansion mode, deploying its $22 billion in cash to boost production and cut costs as it faces increasing competition, the report noted.

CATL produces lithium iron phosphate (LFP) batteries, a cheaper chemistry than the nickel-based batteries used in Western countries, and is key to the plan, the report said.

Tesla is considering building the battery plant in Texas to supply its electric vehicle assembly plant there, although the location has not been finalized, Bloomberg said, citing some people familiar with the matter.

As with Ford's deal structure, Tesla would own and operate the plant, while licensing technology from CATL, according to the report.

On February 13, Ford announced that it is investing $3.5 billion to build an LFP battery plant in Marshall, Michigan.

The plant, which is wholly owned by Ford, is the first battery plant to be wholly owned by a US automaker and will introduce LFP battery solutions for Ford's electric vehicle products.

The LFP battery plant is expected to start production in 2026 with an initial workforce of 2,500, Ford said last month.

The plant will have an initial design capacity of about 35 GWh per year and could supply power packs for about 400,000 Ford electric vehicles annually.

CATL is the world's largest maker of electric vehicle batteries, with a share far ahead of other peers.

CATL's installed battery volume in January-February was 25.5 GWh, up 34 percent from 19.0 GWh in the same period last year, according to data released yesterday by South Korean market research firm SNE Research.

The Chinese battery giant continues to rank No. 1 with a 33.9 percent share, the only global battery maker with a share of more than 30 percent.

Ford to build $3.5 billion LFP battery plant in Michigan with CATL's technology

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Joe Manchin threatens to sue US Treasury over EV tax credit rules

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Joe Manchin threatens to sue US Treasury over EV tax credit rules originally appeared on Autoblog on Thu, 30 Mar 2023 08:41:00 EDT. Please see our terms for use of feeds.

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Hackers breach Tesla Model 3’s infotainment system in minutes in competition

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Hackers breach Tesla Model 3's infotainment system in minutes in competition originally appeared on Autoblog on Wed, 29 Mar 2023 09:13:00 EDT. Please see our terms for use of feeds.

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NHTSA probes 50,000 Tesla Model X vehicles over front seat belt detachment

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NHTSA probes 50,000 Tesla Model X vehicles over front seat belt detachment originally appeared on Autoblog on Tue, 28 Mar 2023 08:45:00 EDT. Please see our terms for use of feeds.

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NHTSA probes 50,000 Tesla Model X vehicles over front seat belt detachment

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NHTSA probes 50,000 Tesla Model X vehicles over front seat belt detachment originally appeared on Autoblog on Tue, 28 Mar 2023 08:45:00 EDT. Please see our terms for use of feeds.

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China NEV insurance registrations for week ending Mar 26: BYD 43,490, Tesla 15,886, NIO 1,909

is on track to reach its guidance, with 9,199 vehicles registered in the past four weeks.

Insurance registrations for new energy vehicles (NEVs) in China continued to increase last week compared to the previous week, although the performance of major automakers was mixed.

For the week ending March 26, insurance registrations for all passenger vehicles in China were 400,400 units, up 37.64 percent year-on-year and up 29.02 percent from the previous week, according to information shared today by several auto bloggers on Weibo and WeChat groups.

Among them, the number of traditional internal combustion engine vehicles was 272,100, up 43.50 percent year-on-year and up 37.64 percent from the previous week.

Insurance registrations for NEVs were 128,300, up 26.63 percent year-on-year and up 13.89 percent from the previous week. This means that the penetration rate of NEVs was 32 percent last week.

(OTCMKTS: BYDDY) NEVs registered 43,490 units last week, up from 38,414 units the week before. In the first and second weeks of March, BYD's numbers were 38,932 and 37,141 units, respectively.

(NASDAQ: TSLA) saw 15,886 units for the week, down from 18,712 units the week before. Insurance registrations for Tesla vehicles in China were 13,266 and 17,032 in the first and second weeks of March, respectively.

This means that over the past four weeks, Tesla vehicles have had 64,896 insurance registrations in China.

If Tesla vehicles register the same number of insurance units this week as last week, it may deliver a record number of vehicles in China in March, surpassing the 77,938 units delivered in June 2022.

Tesla has a factory in Shanghai that makes the Model 3 and the Model Y. Its pattern is to produce cars for export in the first half of the quarter and for the local market in the second half.

NIO (NYSE: NIO) vehicles had 1,909 insurance registrations last week, up from 1,775 the week before. The company's insurance registration figures for the first and second weeks of March were 3,345 and 2,170, respectively.

NIO guided earlier this month for first-quarter deliveries of between 31,000 and 33,000 vehicles, meaning that March deliveries are expected to be between 10,337 and 12,337.

NIO is on track to meet its guidance, with 9,199 vehicles registered for insurance in the last four weeks, although the first week of March included the last two days of February.

(NYSE: XPEV) vehicles had 1,564 insurance registrations last week, up from 1,296 the previous week. The number was 1,421 and 1,635 in the first and second weeks, respectively, for a four-week total of 5,916 vehicles.

XPeng previously guided for first-quarter vehicle deliveries of 18,000 to 19,000 units, meaning March deliveries are expected to be between 6,772 and 7,772 units.

(NASDAQ: LI) vehicles saw 5,081 insurance registrations last week, down from 5,438 the week before. It posted figures of 3,222 and 4,243 for the first and second weeks of March, respectively, for a four-week total of 17,984 vehicles.

Li Auto guided for first-quarter deliveries of 52,000 to 55,000 vehicles, implying a year-on-year increase of 64.0 percent to 73.4 percent.

Li Auto's guidance of 52,000 to 55,000 vehicles for the first quarter implies March deliveries are expected to be 20,239 to -23,239 vehicles.

had 2,934 insurance registrations last week, and its numbers for the first three weeks of March were 4,109, 988, and 515, respectively.

was at 1,214 units last week, and that figure was 1,814, 1,043, and 913 units in the first three weeks.

China NEV insurance registrations for week ending Mar 19: BYD 38,414, Tesla 18,712, NIO 1,775

Weekly NEV insurance registrations in China in 2023

WkBYDTeslaNIOXPengLi AutoBMWZeekrNetaNEVAll
03/20-03/2643,49015,8861,9091,5645,0811,2142,934128,300400,400
03/13-03/1938,41418,7121,7751,2965,4381,847913515689112,650310,341
03/06-03/1237,14117,0322,1701,6354,2431,4861,043988522107,767308,726
02/27-03/0538,93213,2663,3451,4213,2221,6631,8144,109515116,238345,340
02/20-02/2639,47310,7053,3571,6855,3871,7921,8552,152401111,983331,238
02/13-02/1937,0265,9133,1741,4634,2382,2711,4431,038329100,408303,101
02/06-02/1231,4176,9633,0451,3964,0626825471,170NA85,572280,741
01/30-02/0524,2808,6431,9489752,2405935543,96411469,692267,843
01/23-01/295,2803,356427210990NA89NANA17,94592,600
01/16-01/2224,7087,4963,0081,0684,903NA657NANA67,500330,400
01/09-01/1540,42012,6542,9631,8174,5272,6871,35942023799,041438,000
01/02-01/0835,9242,1102,8181,5513,7042,1031,5112388077,000290,000

The post China NEV insurance registrations for week ending Mar 26: BYD 43,490, Tesla 15,886, NIO 1,909 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Tesla’s real wheel to replace the steering yoke sold out in a week

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Tesla's real wheel to replace the steering yoke sold out in a week originally appeared on Autoblog on Mon, 27 Mar 2023 12:47:00 EDT. Please see our terms for use of feeds.

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Tesla faces new race bias trial from employee who had $137 million verdict slashed

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Tesla faces new race bias trial from employee who had $137 million verdict slashed originally appeared on Autoblog on Mon, 27 Mar 2023 08:40:00 EDT. Please see our terms for use of feeds.

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Tesla starts deliveries of new Model S and Model X in China

Deliveries of the new Model S and Model X have begun in the Chinese mainland, nine years after the first vehicle entered the country in 2014.  |  TSLA.US

Tesla (NASDAQ: TSLA) has started deliveries of the new Model S and Model X in China, although its China website shows expected delivery dates for both models in the second quarter.

Deliveries of the new Model S and Model X have begun in the Chinese mainland, nine years after the first Tesla vehicle entered the country in 2014, Tesla said today on Weibo.

Tesla did not provide any more information on Weibo, and its China website shows expected delivery dates for both models in the second quarter.

Here's a video Tesla shared on Weibo showing a large number of the new Model S and Model X being shipped to China.

On January 6, Tesla announced the prices of the new Model S and Model X, which are not produced locally, in China at the same time as it significantly reduced the prices of the Model 3 and Model Y.

The Tesla Model S is available in China in two versions, a regular version with dual motors and all-wheel drive, and a Plaid version with tri motors and all-wheel drive.

The Model S starts at RMB 789,900 ($114,790) and the Model S Plaid starts at RMB 1,009,900.

The Model X is also available in China in two versions, a regular version with dual-motor all-wheel drive and a Plaid version with tri-motor all-wheel drive.

The Model X starts at RMB 879,900 and the Model X Plaid starts at RMB 1,039,900.

On February 28, six imported Tesla pure electric vehicles, which were driven out of containers at the Nangang Terminal of Shanghai Yangshan Port, were inspected on site by customs officers, a previous report by Shanghai Securities News said.

On March 15, Tianjin Port Group said the latest batch of 867 Tesla new Model S and Model X vehicles arrived in Tianjin.

(1 $= RMB 6.8814)

Tesla Model Y ranks No. 2 in top-selling SUVs in China in Feb

The post Tesla starts deliveries of new Model S and Model X in China appeared first on CnEVPost.

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We charged a non-Tesla at a Supercharger. Here’s how it went

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We charged a non-Tesla at a Supercharger. Here's how it went originally appeared on Autoblog on Mon, 27 Mar 2023 06:00:00 EDT. Please see our terms for use of feeds.

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