Tesla has surpassed Audi in global sales for the first time in its history, and seems to point its engines towards the German Volkswagen group.

The market was positive for Tesla due to the 12 % reduction in Audi sales (1.67 million cars). In contrast, Tesla managed to place 1.79 million vehicles worldwide.

In the 2024 results report, Gernot Döllner, CEO of Audi, indicated that the company was affected by factors such as “global economic uncertainties.” He stressed that the intensification of competition was a constant last year.

Despite sales of the Audi Q5 (298,000 units), Audi A6 (244,000 units) and Audi Q3 (215,000 units) models, and “the renewal of the range in more than 20 models with a triple range of vehicles – electric, plug-in hybrids and combustion vehicles – it has not managed to surpass the sales of Elon Musk’s Tesla Model 3 and Tesla Model Y”.

M.Pino

Source: okdiario

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La entrada Tesla surpasses German Audi in global sales apareció primero en Bitfinance.

Apple turned its plans around and abandoned the idea of making an electric vehicle, according to US press reports. This move puts an end to a challenging project that began a decade ago.

The company, known for its iconic iPhone, had assigned almost 2,000 employees to a secret vehicle development program. However, it encountered an increasingly competitive automotive sector in the field of electric vehicles.

Project Titan, which began around 2014, aimed to create a fully autonomous vehicle, according to press reports. The decision to cancel the vehicle project was communicated internally Tuesday, according to anonymous sources cited by Bloomberg and The New York Times.

Elon Musk, the owner of electric car maker Tesla, responded to Apple’s announcement on his social network X with emojis of a greeting and a cigarette. For its part, Tesla has warned about slower growth in the electric car sector in 2024.

K. Tovar

Source: Bancaynegocios

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La entrada Apple gave up its plans to create its own electric car apareció primero en Bitfinance.

The Tesla company, owned by tycoon Elon Musk and focused on manufacturing electric cars, maintains $367 million in Bitcoin.

Despite having sold a good amount of its cryptocurrencies during the pandemic, Tesla is holding on to this juicy amount of Bitcoins, which by the way was not mentioned in its most recent quarterly earnings report.

Musk’s company is currently focused on electric cars and artificial intelligence at the service of its products.

According to Bitcoin Treasuries, an aggregator that tracks well-known BTC wallets in the business world, “the electric carmaker’s cryptocurrency assets are worth approximately $387 million at current prices, with more than 9,720 BTC in its possession.” ”.

In the ranking of companies holding BTC, the first place goes to MicroStrategy, with 89,150 BTC in holdings valued at $8.1 billion. Marathon Holdings and Tesla are in second and third place, respectively.

Although Tesla’s latest earnings report (released Wednesday) reflected a 14 % drop in shares because of weak automotive revenue and warnings of slower growth in 2024, the company expects to achieve growth with the launch of its “next generation” model in Texas this year.

M.Pino

Source: Decrypt

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La entrada Tesla holds $367 million worth of Bitcoin apareció primero en Bitfinance.

In a momentous meeting, Valdis Dombrovskis, Vice President of the European Commission and in charge of Trade, will hold a high-level economic dialogue with He Lifeng, Chinese Vice Premier. This long-awaited event will take place amid growing European concerns about China’s subsidies for electric vehicles.

Dombrovskis, the Latvian politician, began his four-day official visit last Saturday. At this time, the European Union faces additional difficulties for its companies to access the Chinese market, aggravated by tensions related to the crisis in Ukraine.

This Monday, in the Chinese capital, the tenth high-level dialogue on economics and trade between the EU and China will take place. The central topics of discussion will focus on macroeconomic issues, trade and investment, financial cooperation, and industrial and supply chains.

Despite the moderate expectations in Brussels, the European delegation made it clear that this visit goes beyond a simple “photo opportunity”, according to the Hong Kong newspaper South China Morning Post.

Dombrovskis, who will also meet the finance minister and the governor of the Chinese central bank, will address concerns related to the EU’s de-risking policy towards China. This policy has been interpreted by Chinese officials as a strategy of economic decoupling.

However, what will capture Chinese attention during this visit will be the recent announcement by the President of the European Commission, Ursula von der Leyen, about the opening of an investigation into public subsidies granted by China to electric vehicles.

Von der Leyen claimed during her State of the Union Address that “global markets are flooded with cheaper Chinese electric vehicles and their price is kept artificially low thanks to huge state subsidies.”

K. Tovar

Source: Bancaynegocios

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La entrada China and EU discuss electric cars issues apareció primero en Bitfinance.

Elon Musk’s statements during the recent World Artificial Intelligence Conference (WAIC) in Shanghai suggest that Tesla would be offering autonomous driving by the end of 2023.

According to the tycoon, “during the latest tests of their systems on the roads of the United States, “they rarely require human intervention.”

The Full Self-Driving (FSD) assisted-driving system beta for all drivers in North America was approved last year. “It allows Tesla vehicles to have a certain degree of autonomous driving, although the driver needs to always be attentive, with their hands on the wheel.”

Musk’s predictions about autonomous driving, without human assistance, have been wrong so far. Now, he affirms that the forecasts “are closer to reality than ever”, as quoted by the Shanghai news portal The Paper.

M.Pino

Source: finanzasdigital

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La entrada Tesla promises autonomous driving this year apareció primero en Bitfinance.

China has reached an unprecedented milestone in the production of new-generation vehicles, reaching a staggering 20 million units manufactured, according to state media reports.

The milestone occurred with the departure of the emblematic car of the GAC Aion New Energy Automobile company in Guangzhou, the capital of Guangdong province, as announced by the official Xinhua news agency.

This has been seen as a sign that the Chinese auto sector has entered a new stage of development on a large scale, with a global presence and a focus on high quality, making it a crucial part of the country’s industrial system. , according to Fu Bingfeng, vice president of the China Automobile Manufacturers Association.

The Ministry of Industry and Information Technology of China also celebrated this outstanding production at its plant. In parallel with this milestone, BYD, China’s leading electric vehicle manufacturer, has announced record sales in the first half of 2023, with a total of 1.26 million units sold, almost double compared to the same period of the previous year.

In 2022, the company sold 1.86 million units, tripling sales from the previous year.

At the end of June, the Chinese authorities announced the reintroduction of tax exemptions and reductions for the purchase of new generation vehicles, extending them until 2027.

The ministries of Finance, Industry and Technology, and the Tax Administration explained that this measure aims to support the development of the new energy vehicle industry, promote consumption and facilitate green construction.

The subsidies that China gives to these types of vehicles were implemented in 2009 and eliminated in 2022. After its elimination, sales of electric vehicles in the world’s largest market experienced a 48 % decrease in January compared to the last month of 2022.

K. Tovar

Source: Infobae

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La entrada China reaches the figure of 20 million electric cars manufactured apareció primero en Bitfinance.

Ford will invest 3,500 million dollars (about 3,254 million euros at current exchange rates) in the construction of a lithium-ferrophosphate (LFP) battery factory for electric vehicles in Michigan (United States), as announced by the car company.

Production is scheduled to start in 2026 and the company plans to employ 2,500 people at the facility, which will be owned by a 100% Ford subsidiary and will be called BlueOval Battery Park Michigan.

The new plant will add about 35 gigawatt hours a year of battery production capacity to Ford in the United States, which, according to its calculations, will be enough to produce approximately 400,000 electric vehicles a year.

In this sense, the North American company has reported that it has reached an agreement with the Chinese battery manufacturer Contemporary Amperex Technology Limited (CATL) through which the production of the new plant will use “the knowledge and services of battery cells LFP” of the Asian firm.

Ford will offer customers a second battery technology as it also produces nickel-cobalt-manganese (NCM) batteries. According to the American firm, this “will allow Ford customers to choose an electric vehicle with battery performance characteristics more aligned with their needs.” LFP batteries are “very durable” and tolerate more frequent and faster charging, in addition to using “fewer high-demand and cost-intensive materials,” they have indicated.

“This low-cost, at-scale battery will help Ford contain or even further reduce EV prices. These LFP batteries will power a variety of affordable Ford 100 % electric cars and trucks, most of which will be assembled in United States”.

With this new investment of 3,500 million dollars, Ford has committed a total of 17,600 million dollars (16,367 million euros) for the production of electric vehicles and batteries in the United States since 2019. This is part of its commitment to invest around of 50,000 million dollars (46,497 million euros) in electric vehicles worldwide until 2026.

“In the next three years these investments will generate more than 18,000 direct jobs in Michigan, Kentucky, Tennessee, Ohio and Missouri (towns in the United States) and more than 100,000 indirect jobs,” the company highlighted.

Source: dpa

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La entrada Ford will build a battery factory for electric cars in the US apareció primero en Bitfinance.

The finalists for the German Future Prize 2022 are: a new radiotherapy technique for cancer patients, innovative microscope technology and an ultra-fast charging station for electric cars.

German President Frank-Walter Steinmeier will present the award on October 26 in Berlin. The award is endowed with 250,000 euros ($249,000) and is one of the most important science prizes in Germany. In all cases, these are projects in operation, because market maturity is a prerequisite to be nominated.

German Future Award 2022

Charging time is one of the great problems of electromobility, which is why a team of researchers from the federal state of Baden-Württemberg has developed a system that can charge a standard vehicle battery with a capacity of 100 kilowatt-hours in just 15 minutes.

An improved method of radiotherapy has also been proposed as a candidate, especially for lung cancer patients. Irradiation is especially difficult for these patients because the tumor is constantly moving when they breathe. The research team from Bavaria and Hamburg explained that the new technology makes it possible to accurately record the patient’s position during radiotherapy and accurately compensate for changes by tracking the radiation in the affected area.”

Finally, a new microscope technology from researchers in Thuringia offers more possibilities in cell research, which may also include cancer. It was pointed out that the system opens new perspectives for long-term observation of living cells and thus for research in biology, medicine and pharmacology.

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Source: dpa

La entrada German Future Prize 2022 will be awarded in October apareció primero en Bitfinance.

This week, California (United States) announced that from 2035 it will limit the sale of vehicles that use gasoline.

The objective of this measure focuses on drastically reducing the emission of carbon dioxide in the next two decades, through the sale of hybrid models between fuel and electricity.

Gavin Newsom, Governor of California, assured that this action is “bold and innovative”, which will also help transform the US automotive industry.

This proposal was approved on Thursday, August 25, after spending five hours in discussion with the body in charge of combating environmental pollution.

This is how California joins the United Kingdom and Canada as entities that will set the standard in the fight against carbon dioxide emissions.

Vehicles are the leading cause of greenhouse gases in the United States. They represent 28 % of the carbon footprint of the world power.

K. Tovar

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Source: Elpais

La entrada California will restrict the sale of cars that use gasoline apareció primero en Bitfinance.

During the second quarter of the year, the Tesla company reported a strong economic profit due in part to the decision to sell its assets in bitcoin.

Despite the fact that digital assets were down at the time, the company owned by Elon Musk generated profits in this sector of 64 million dollars.

Tesla posted earnings per share of $2.27 in the second quarter on revenue of $16.93 billion. Although profitability was down compared to the first quarter, it was up from year-ago levels. However, the company’s profitability was affected by rising inflation and growing competition for batteries.

However, Musk’s company still retains some 10,800 bitcoins in its accounting books, according to various specialized media. At today’s price, that amount represents about $237 million.

K. Tovar

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Source: Cointelegraph

La entrada Tesla generated $64 million after the sale of its bitcoin apareció primero en Bitfinance.