|
Friday, July 30, 2021
10 used cars exploding in price 📈
New Tesla models could face delays
If you have trouble reading this message, view it in a browser. This week Ford plans a new battery R&D site, the Fisker Ocean is on its way, and the Tesla Model S won't get a normal steering wheel after all. But first: This week Tesla revealed a number of crucial bits of information about its upcoming models during its quarterly conference call as well as an SEC filing. The automaker had a record quarter with $1.14 billion in income, while delivering about 201,250 vehicles in the second quarter. The Tesla Semi is now officially delayed. This means we're unlikely to see the Cybertruck reach production this year, making spring or summer of 2022 much more likely. REE Automotive will open a US headquarters in Austin, as well as a facility for building prototypes. Speaking of Austin, Texas, an EV start-up is about to set up a US headquarters in the city, aiming to bring its skateboard platform tech to North America. REE Automotive has announced plans to create an assembly site and office in Texas in order to work with its stateside partners on EV platforms, aiming to offer what it bills as the industry's flattest EV platform to other automakers. Ford plans to open a new battery research and development center in Romulus, Michigan, not far from Detroit, dubbed Ford Ion Park. The company plans to spend $185 million on a laboratory, slated to open in 2022, to develop new production techniques for existing lithium-ion battery types, as well as new solid-state batteries. Henrik Fisker's EV start-up will bring a production version of the battery-electric Ocean SUV to the LA auto show this fall, following its first appearance at CES nearly two years ago. Promised with a 300-mile range and a $37,499 starting price, the Ocean is slated to be produced by Austria's Magna Steyr starting next fall, using Magna's own EV architecture. Spread the word: If you know someone interested in staying on top of the rapidly growing EV segment, feel free to pass this newsletter along.
|