EVs Archives - Audinsights

The Rise of Chinese EV Makers: Elon Musk Praises China’s Manufacturing Prowess and Work Ethic

November 30, 2023November 30, 2023 Business

Elon Musk has praised the manufacturing prowess and work ethic of Chinese EV makers at the New York Times Dealbook conference. He suggested that the top 10 automakers of the future might be mostly Chinese with Tesla still leading the pack. Chinese companies like BYD are increasingly gaining recognition for their manufacturing capabilities and are expected to overtake Tesla in global EV sales. Chinese automakers, including Nio and Xpeng, are seen as having a promising future. Chinese EV makers have quickly developed and scaled their operations, posing a significant challenge to US automakers. China’s dominance in the EV supply chain, along with its large market and affordable pricing, makes it a formidable force in the industry. Musk considers the Chinese league to be the most competitive in terms of EV innovation and manufacturing.

Tesla Begins Deliveries of Cybertruck on November 30

October 18, 2023November 23, 2023 Technology

Tesla will start delivering the highly anticipated Cybertruck to select customers on November 30. The luxury EV SUV will be produced in Tesla’s Texas Gigafactory starting next year. The vehicle’s electrical architecture is being redesigned to accommodate an 800-volt standard for faster charging. Elon Musk acknowledged the challenges of scaling up production for the Cybertruck but expressed his excitement for the product. Tesla has seen a sequential decline in production and deliveries this quarter and has lowered vehicle prices multiple times. The company is investing in AI development and is now allowing Hertz rentals access to the Tesla App.

General Motors Faces Tough Challenges Amid Ongoing UAW Strike

October 8, 2023November 23, 2023 Business

The ongoing United Auto Workers (UAW) strike against the Detroit-based automakers is causing significant financial losses. General Motors (GM) seems to be the most affected, with more striking workers and the highest number of production losses. The strike is demanding various changes, including higher wages, an end to the tiered wage system, and more job security in the age of electric vehicles (EVs). While Ford faces challenges, it has a higher inventory supply to withstand the strike’s impact. Stellantis has been slower in negotiations and has the highest inventory days among the three automakers.