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Rinspeed MicroSNAP Concept Is A Twizy-Sized Autonomous EV

CES Las Vegas is nearly three months away, but that hasn’t stopped Rinspeed from previewing their new microSNAP concept. As the name suggests, the concept is a miniature version of the SNAP concept which debuted at last year’s show. It’s so small that Rinspeed says the vehicle has the same dimensions as the Renault Twizy.… Continue reading Rinspeed MicroSNAP Concept Is A Twizy-Sized Autonomous EV

Building a great startup requires more than genius and a great invention

Shahin Farshchi Contributor More posts by this contributor The dos and don’ts of crafting frontier-tech companies Five billion-dollar businesses for the driverless future Many entrepreneurs assume that an invention carries intrinsic value, but that assumption is a fallacy. Here, the examples of the 19th and 20th century inventors Thomas Edison and Nikola Tesla are instructive.… Continue reading Building a great startup requires more than genius and a great invention

A new way to use Chariot

Chariot for Commuters and Enterprise We’ve been busy at Chariot in London helping Londoners around Wandsworth, Battersea, Greenwich and Belvedere Village simplify their commute and launching our Enterprise service in the UK. Now, did you know that we offer a 3rd transport solution? What are Charters? A Charter is basically a Chariot that you can… Continue reading A new way to use Chariot

City of London sets aim to be UK’s first zero emission zone

The City of London is aiming to reduce motor traffic by half within the next 25 years and make the capital’s financial centre Britain’s first large-scale zero emission zone. The city and county, which is known as the Square Mile and contains the heart of London’s business district, has developed its first long-term transport strategy as a plan for future investment… Continue reading City of London sets aim to be UK’s first zero emission zone

Uber enters trailer leasing business

(Reuters) – Uber Technologies Inc [UBER.UL] said on Wednesday it is entering the trailer leasing business. FILE PHOTO: The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay/File Photo The business, called Powerloop, will be a part of Uber Freight, which connects truckers with shippers, the company said… Continue reading Uber enters trailer leasing business

SEAT Tarraco production starts in Wolfsburg

Members of the board and of the management of both group brands were accompanying the production start of the new SEAT Tarraco together with employees of the Wolfsburg plant. SEAT brand flagship rolls off the production line in Wolfsburg together with Volkswagen models Synergies within the Group-wide production network allow efficient production Production of the… Continue reading SEAT Tarraco production starts in Wolfsburg

Austria triumphs in Mazda’s European technician contest

Austria’s Thomas Hochleitner, Martin Stoiber and Stefan Bunderla were crowned champions in Mazda’s 2018 technician tournament, the European MazTech Contest, in the Italian capital yesterday. As Mazda’s winning team from the European region, the trio who hail from dealerships in Kammern and Linz, will represent Mazda Motor Europe at the MazTech World Finals in Japan… Continue reading Austria triumphs in Mazda’s European technician contest

Breaking News — Tesla Seals The Deal For Gigafactory 3 In China

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Published on October 17th, 2018 |

by Steve Hanley

Breaking News — Tesla Seals The Deal For Gigafactory 3 In China

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October 17th, 2018 by Steve Hanley

It’s official. Tesla has acquired just under 1300 acres of land in the Shanghai Lingang Equipment Industrial Zone for its Gigafactory 3. The factory is expected to cover about 1200 of those acres. The official signing ceremony for the transfer of land to Tesla took place in China on October 17, today.

Tesla is pushing hard to get the Gigafactory 3 project moving forward. Thanks to the tit for tat trade war initiated by the current US president and his crack team of economic advisers, Tesla cars manufactured in America now must pay an import tariff of 40%, making it hard for them to compete against locally produced automobiles. Cars built in the new factory outside Shanghai will be exempt from that tariff.

Tesla plans to be a major force in the Chinese new car market, especially as China institutes its latest EV policy starting January 1, 2019. After that date, every manufacturer building cars in the country will be required to produce a certain percentage of electric cars, known locally as new energy vehicles. Battery electric cars will get the most credits under the system. Plug-in hybrids will get a smaller credits.

Companies who wish to continue building cars with gasoline or diesel engines will be required to buy credits in order to do so. That will raise the selling price of those cars, making new energy vehicles more competitive in the marketplace.

Last month, Tesla began advertising numerous jobs for construction workers to help build the new factory, which is expected to have a capacity of 500,000 vehicles a year. Tesla expects the factory to begin producing cars in fewer than 2 years time — an incredibly short ramp up from breaking ground on the factory to getting cars rolling off the assembly line and into the hands of customers. But when have short timelines ever been a problem for Tesla?

It reportedly has increased the funding committed to the Gigafactory 3 project to $681 million. And as Vincent indicates on Twitter, local banks in the Shanghai area are actively engaged in lining up the additional funding needed to build GF3.

With the biggest new car market in the world, China is an important market for Tesla. Just how important is indicated by the fact that it is moving forward aggressively with plans for a Chinese factory before committing to a factory in Europe. Check out this video from the World Economic Forum on the rosy prospects for electric cars in China:

Check out more Tesla China news if this isn’t enough for you.

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About the Author

Steve Hanley Steve writes about the interface between technology and sustainability from his home in Rhode Island and anywhere else the Singularity may take him. His muse is Charles Kuralt — “I see the road ahead is turning. I wonder what's around the bend?”

You can follow him on Google + and on Twitter.

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Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario

Brussels, 17 October 2018 – Ahead of this evening’s Brexit summit, Europe’s auto manufacturers and suppliers have come together to issue a stark warning on the potentially far-reaching impacts of a no-deal scenario on their sector, which would threaten their very business model. Automobile production plants – be they in the EU27 or the UK… Continue reading Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario

Business model at Brexit without contract in danger: car industry is making dramatic appeal to EU summit

Bloomberg via Getty Images Mini-production in the UK: Not only on the island, the car manufacturers fear in a Brexit contract without chaotic conditions A Brexit without a contract would threaten the entire business model of the industry from the point of view of the European auto industry. Before the EU summit this Wednesday evening,… Continue reading Business model at Brexit without contract in danger: car industry is making dramatic appeal to EU summit