Big Auto Going Global Electric

BMW & Tesla Expanding Production of Electric Vehicles in China

Source:  BMW MINI Cooper

Tesla's Cybertruck About to Set a Record
BMW is significantly expanding its global electric vehicle operations.  BMW and its Chinese partner Great Wall announced today that they plan to build a $716 million plant in China big enough to manufacture 160,000 electric cars a year.  The plant will produce electric MINI's for BMW and also Great Wall electric vehicles.  Great Wall is China's #1 SUV and pickup truck manufacturer. Meanwhile, US-based Tesla is close to setting a new record with its electric pick-up Cybertruck.

Big China Electric Vehicle Market Expansions
The BMW-Great Wall plant is due to open in 2022 near Shanghai.  For e-car makers, the opportunity in China is huge.  China has new quotas starting in 2025 requiring that 20% of total vehicle sales are electric and rechargeable hybrids.  Automakers and suppliers are diligently working to meet these tough, new, antipollution standards that China is enforcing. VW is opening two plants in China with a combined production capacity of 600,000 electric vehicles per year. And, Tesla is building a new plant in Shanghai to produce 500,000 electric vehicles per year.

Tesla's Cybertruck
Meanwhile, Tesla founder and CEO Elon Musk says his electric Cybertruck orders are closing in on a new record.  250,000 customers have signed up to buy the muscle, e-pickup truck.  The orders are within one week of launch, despite the shattered "bulletproof" windows that broke twice when hit by metallic balls during the big debut. Production of Cybertruck is targeted for 2022 so CEO and engineer Musk has time to fix the glass.  For a free borrow of journalist Ed Kane's books on innovation in green energy and transportation, go to amazon.com/author/ekane 

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