To unclog bottlenecks last year at his Tesla Inc plant in California, Elon Musk ...
VW is retooling a plant in Zwickau to build 330,000 electric cars and German engineering giant Siemens AG , which has an industrial and technology hub in Berlin, last week said it met with Musk to discuss projects in the area of advanced manufacturing and car charging.
By contrast, the Volkswagen brand delivered 6.24 million cars last year and is readying its global production network to build 22 million electric cars by 2028. A combustion engined car has 1,400 components in the motor, exhaust system and transmission. By contrast, an electric car’s battery and motor has only 200 components, according to analysts at ING.
Today the biggest cost factor is still battery packs, which amount to between 30% and 50% of the cost of an electric vehicle.By adding the “Made in Germany” quality, Tesla could significantly boost sales of its electric cars, which are already class-leading.
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Buyout groups risk pricey scrum in German liftsPrivate equity managers are teaming up to buy Thyssenkrupp’s elevator unit, worth maybe 17 bln euros. That smacks of the ill-fated club deals that epitomised the last buyout boom, although the target’s stable cash flows makes a blowup unlikely. The biggest risk is overpaying.
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Tesla CEO Elon Musk announces plans for fourth factory and design center near BerlinTesla CEO Elon Musk makes it official -- the electric car company plans to build a 'Gigafactory,' and research-and-development center in Berlin.
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Elon Musk says Tesla will build cars in BerlinCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
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Musk says Tesla to build new factory near BerlinBERLIN (AP) — Tesla CEO Elon Musk says the electric car pioneer plans to build a new factory near Berlin. Musk said during an award ceremony in the German capital Tuesday evening that 'we've...
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