Yes, this will waste money but it will reduce the time needed for you to hit 20 million vehicles/year. Your biggest limitation is time.
As sales of battery electric vehicles (BEV) increase, OEMs need to focus on R&D excellence, flexible manufacturing, and value-chain integration to improve profitability.
Even in countries where BEV sales are picking up, many automotive executives are concerned about profitability. Some EV OEMs have already begun investigating changes to their go-to-market models that may increase sales and reduce costs quickly. Over the midterm, however, they will need to apply additional measures to be profitable, and our recent research shows that three levers will be particularly important in this respect:
Most OEMs do not have all the required capabilities, such as the ability to develop software for both batteries and e-drive, to move BEV production completely in-house. Consequently, they often need to form strategic partnerships across the ecosystem, including those for BEV design, manufacturing, and component sourcing. These partnerships will also allow them to share the burden of capex spending until they achieve sufficient scale.
Elon Musk made a bold prediction during Tesla’s Q3 2022 earnings call stating that Tesla would grow to become an enormous company by the end of this decade.
Tesla CEO Elon Musk dazzled and entertained listeners during the call, which was full of jokes and ambitious goals. That’s when he made the bold statement that Tesla could surpass both Apple and Saudi Aramco’s market cap in the future.
The street-legal eVTOL costs only $300k.
A California-based sustainable electric transportation company unveiled the prototype of a flying car, according to a company release. The Alef “Model A,” the only flying automobile with street-legal driving and vertical takeoff abilities, is presented by Alef Aeronautics, a cutting-edge technology company developing alternative transportation solutions for soaring traffic patterns.
Alef uses innovative technology to elevate the vehicle securely above regular traffic, enabling quicker, simpler travel, and reducing the load of urban congestion.
Continue reading “The first prototype of the eight propeller flying car Alef unveiled” »
Tesla Inc. is moving forward with plans to build a lithium refinery on the Texas Gulf Coast in a bid to gain more control over the supply chain for electric vehicle batteries.
Waymo says it will begin driving autonomously in several Los Angeles neighborhoods in the coming months ahead of a wider launch.
Just like a pianist who learns to play their instrument without looking at the keys or a basketball player who puts in countless hours to throw a seemingly effortless jump shot, UCLA mechanical engineers have designed a new class of material that can learn behaviors over time and develop a “muscle memory” of its own, allowing for real-time adaptation to changing external forces.
The material is composed of a structural system made up of tunable beams that can alter its shape and behaviors in response to dynamic conditions. The research finding, which boasts applications in the construction of buildings, airplanes and imaging technologies among others, was published Wednesday in Science Robotics.
Continue reading “AI material that learns behaviors and adapts to changing conditions” »
Eviation was the first to reach the aviation milestone, with an electric plane designed from scratch that took to the skies September 27th.
The growth of electric vehicles is fueling demand for next-generation power semiconductors, especially silicon carbide chips.
