Fleuron en crise de l’industrie allemande, Volkwagen veut tailler dans les rémunérations des salariés en Allemagne pour réduire ses coûts qui ont fait plonger les bénéfices du groupe.Le constructeur automobile a dévoilé mercredi soir un plan de réduction de 10% des salaires et une révision du système de primes qui lui permettraient de réaliser une partie des milliards d’économies visés pour redresser sa compétitivité.
Entre juillet et septembre, le premier groupe automobile européen et deuxième constructeur automobile mondial, a vu son bénéfice net chuter de 63,7%. Une contre-performance pour le constructeur, engagé dans un plan de restructuration avec des dizaines de milliers d’emplois menacés. La prochain séance de négociations est fixée au 21 novembre alors que des grèves sont possibles à partir de décembre.
Coût de production élevé
A l’origine de la crise que traverse Volkswagen : la baisse des ventes qui touche également d’autres constructeurs automobiles. Au premier semestre, le chiffre d’affaires du secteur a baissé de 4,7%, ceci alors qu’un an auparavant, on fêtait encore des résultats record. La crise affecte aussi les voitures électriques, moins achetées depuis le début de l’année.
Volkswagen annonce une perte de bénéfice net de 64 % au troisième trimestre 2024Activer les notifications
Il y a également la question du coût du travail. D’une manière générale, les coûts du travail dans les usines automobiles en Allemagne sont plus élevés que dans les autres pays. En 2023, ils s’élevaient à plus de 62 euros de l’heure, selon l’association professionnelle VDA. En comparaison, ils sont de 29 euros en Espagne, de 21 euros en République tchèque et de seulement 12 euros en Roumanie.
L’autre difficulté à laquelle fait face Volkswagen concerne les salaires. Si les salaires dans la branche automobile allemande sont déjà élevés, les 120.000 employés du constructeur automobile qui travaillent en Allemagne sont ceux qui gagnent le plus.
L’autre particularité est que les employés de Volkswagen bénéficiaient depuis trente ans d’une garantie d’emploi qui devait à l’origine durer encore jusqu’en 2029.
Dix pour cent de salaire en moins
Face à la crise, la direction souhaite que tous les salaires soient réduits de 10%. Le management lui-même serait également concerné. En outre, il n’y aura pas d’augmentation de salaire au cours des deux prochaines années.
Comment se fait-il qu’une production aussi coûteuse ait été possible en Allemagne ? La recette du succès était des modèles haut de gamme coûteux qui généraient des marges élevées. Environ trois quarts des voitures étaient exportées. En moyenne, une voiture exportée sur cinq était destinée à la Chine.
Mais les constructeurs automobiles allemands se heurtent désormais à une nouvelle concurrence qui s’est développée en Chine.”Près d’un tiers des véhicules construits dans le monde proviennent désormais d’usines chinoises, qui produisent à des prix bien inférieurs à ceux pratiqués en Allemagne”, explique Thomas Puls de l’IW, l’Institut allemand de l’économie.
De plus, en passant à l’e-mobilité, les constructeurs allemands ont perdu l’avance technologique qu’ils avaient sur les moteurs à combustion.
Quoi qu’il en soit, une éventuelle fermeture d’usines ou de suppressions d’emplois et réductions de salaires sont en totale contradiction avec les revendications du syndicat IG Metall.
Le syndicat évoque des erreurs de gestion et d’appréciation commises par le passé et les charges, telles que le scandale du diesel, qui n’ont pas été mentionnées par le constructeur et qui ne relèvent pas de la responsabilité des employés.
Le gouvernement allemand a également fait des déclarations : la position du chancelier Olaf Scholz est que “les éventuelles mauvaises décisions de gestion prises par le passé ne doivent pas être à la charge des salariés “.
Malgré l’onde de choc, la restructuration prévue ne devrait avoir qu’un faible impact à moyen terme en Allemagne, selon certains experts.
Chinese electric carmakers may be crying foul over the European Union’s imposition of additional tariffs, but they have several options to keep growing, including shifting production to the continent and using fat profit margins to absorb some of the hit.
Companies could also turn their attention to new markets in the Middle East, Latin America and Southeast Asia, where EVs comprise a small but growing segment of the passenger car market.
The European Commission on Wednesday formally notified automakers including BYD Co., Geely Automobile Holdings Ltd. and MG owner SAIC Motor Corp. of the additional levies on battery electric cars, which will take tariffs to as high as 48% from next month. China’s EV manufacturers have been pushing more aggressively into Europe amid a domestic price war and years of building a lead in the technology.
“As Chinese automakers grow stronger, it’s natural for them to face trade actions like tariff increases,” said Cui Dongshu, secretary general of China’s Passenger Car Association. “Even if there’s suppression of cars exported from China, automakers are not going to be defeated by the added tariff. Instead, it will only make them stronger.”
BYD shares jumped as much as 8.8% in Hong Kong trading Thursday, leading gains among Chinese EV makers on a view the added tariffs are manageable.
EVs made in China, such as BYD’s Dolphin compact crossover and the MG 4, fetch roughly double on average in Europe compared to their home region, customs data show, giving the manufacturers a cushion against the new tariffs.
The Middle East has emerged as a new market for China’s EV makers too, including Chery Auto, Xpeng Inc. and Geely’s premium Zeekr brand. Nio Inc. Chief Executive Officer William Li earlier this month said the EU’s tariff push was going in “substantially the wrong direction” and the company will start expanding to the Middle East later this year.
Europe’s tariff hikes will have a “minor impact” on Chinese manufacturers because the region accounts for only a fraction of their total sales, according to Daiwa Securities analyst Kevin Lau. Europe contributed between 1% to 3% of overall sales for BYD, Geely and SAIC in the first four months of this year, he estimated.
TRI CONSULTING KYOTO TRI CK USA – Said El Mansour Cherkaoui – Chinese competition on the Top and under the hood of Tesla Tesla Motors: Driving News, Dance and Transe Moves – BAGNOLE CHERKAOUI 1920 – 24 🌐 Tesla Global Car Development and Local Energy Production BAGNOLE CHERKAOUI 1920 – 24 AVRIL 14, 2019 – 11/24/2021 Said El Mansour Cherkaoui and 7/20/2024 Diaspora … Continue reading
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*The European Union has approved the imposition of a surcharge of up to 35% on imports of Chinese electric vehicles. *
Unless there is a last-minute agreement with China, this surcharge will be implemented from the beginning of November 2024. The context is as follows: achieving carbon neutrality requires doing without fossil fuels, with #oil being the most widely used of them. In terms of individual mobility, this will involve in particular (although not exclusively) electric cars. In other words, the global automobile industry will have to evolve quickly and profoundly to move from thermal engines (on which the EU has know-how) to electric vehicles. For the European Union, it is a question of not losing its manufacturers in this forced transition, while China (and the United States, but that is another subject) strongly supports its industry. In other words, through various levers, the State and especially the Chinese provinces help their manufacturers, which allows them to offer less expensive vehicles than European manufacturers. Historically, the EU has been satisfied with this situation by only seeing the consumption aspect: if it is cheaper because it is subsidized by a third State, it is advantageous for the European consumer. However, this situation is harmful to European companies, which pay salaries to consumers… It is also a loss of strategic autonomy and a worsening of dependencies, the most flagrant example of which is the production of photovoltaic solar panels, a devastated industry in Europe. Since Covid and the war in Ukraine, a change of approach has been felt. The EU has become aware of its fragility and the need to fight against dumping from third countries, even if some Member States find it to their advantage and try to block this type of measure. Hence the imposition of a surcharge on imported Chinese vehicles. There will certainly be retaliatory measures from China, but China’s dependence on Europe to sell its production, while the American market is increasingly closed, gives the EU leverage. In the event of an escalation towards a trade war, some heavily indebted Chinese provinces could find themselves in a complicated situation and the restructuring of overcapacity sectors would lead to serious economic and social problems. And China knows this. In short, the strengthening of European trade policy is welcome. The challenge is to find a more balanced relationship with China, in which our manufacturers could compete in a more balanced way than today. The sustainability of European industry – and the strategic autonomy it provides – depends on it. More reading on this topic: Source: Maxence Cordiez original in French Language
Drinking Sidi Ali and Driving Neo: All Made in Morocco
Nassim Al Musk Belkhayat Coming out of Morocco Not Elon Musk To the Attention of Nassim Belkhayat One of Moroccan’s World-Class Executives.
Neo is the first Moroccan Car produced by Moroccan Entrepreneur:
It seems that I am a lucky charm at the Good Hour
I configure a logo, I write inserts in an article that I publish on the Automotive Industry in Morocco:
Africa Business: Morocco and Global Auto Industry Said El Mansour Cherkaoui October 9, 2023
In addition to the fact that I am a Doukkalais by birth and growth in the Capital of Doukkala – Mazagao – Mazagan – El Jadida and there as by chance of the destiny of a Tbourida-Fantasy-Fantasia, Mr . Belkhayat is thus awarded a Doukkalian confirmation from the hands of a Doukkalaise in this case #leiladoukkali [see photo of the presentation of the Trophy to Mr. Nassim Belkhayat below], yes there was a time when we said that:
“from the City of Azemmour to the Kariya of Fez” – “Min Madinate Azemmour Ila Kariyate Fes”
We understand why the reversal of history became another destiny for Doukkala, our Crème de la Crème transhuman from Doukkala to Fez, including the Chansonnier who reminded us of Ma Ini Ila Bachar looking for the branches of my Chajar.
No matter the time, no matter the place, the essential is the benefit of the good shared with others, the harmony of the spirit thought, and being of the destiny of the soul.
Nassim Al Musk Belkhayat Coming out of Morocco Not Elon Musk
To the Attention of Nassim Belkhayat One of Moroccan’s World-Class Executives.
Neo is the first Moroccan Car produced by Moroccan Entrepreneur:
Il parait que je suis un porte Bonheur a la Bonne Heure
Je configures un logo, je rédiges des insertions dans un article que je publies sur l’Industrie Automotive au Maroc:
Africa Business: Morocco and Global Auto Industry Said El Mansour Cherkaoui October 9, 2023
En complément du fait que je suis un Doukkalais de naissance et croissance dans la Capitale de Doukkala – Mazagao – Mazagan – El Jadida et la comme par hasard du destin d’une tbourida, Mr. Belkhayat se voit ainsi décerner une confirmation a la Doukkalienne des mains d’une Doukkalaise en l’occurence #leiladoukkali [voir photo de la remise du Trophée a Mr. Belkhayat ci-dessous], eh oui il fut un temps que l’on disait que:
“de la Ville d’Azemmour a la Kariya de Fès” – “Min Madinate Azemmour Ila Kariyate Fes”
On comprend pourquoi le renversement de l’histoire devint un autre destin pour Doukkala, notre Crème de la Crème transhuma de Doukkala à Fès, y compris le Chansonnier qui nous rappelait Ma Ini Ila Bachar looking for the branches of my Chajar.
Qu’importe le temps, qu’importe le lieu, l’essentiel est le bienfait du bien partagé avec les autres, harmonie de l’esprit, pensée et être du destin de l’âme.
In the Name of our Group and moroccodigitall.com News Report Staff, we address to you our Congratulations for your continual progress and achievement toward reaching the peak of success for the Automobile Marocana “NEO MOTORS” MADE IN MOROCCO
A series of articles and analyses on the continual globalization of the automotive industry which is tested by internal and multipolar competition as well as international imposing is looking not only for new outlets but above all for new production methods, new locations, and other supplies and a dowser by equipment manufacturers. This new composition of the automobile industry was and continues to be guided by the realization of productions relatively less expensive and more competitive than the international scale.
Thus globalization and the integration of advanced robotic production techniques have allowed the relocation of car manufacturing companies without having to adapt to the cultural environment the local operational conditions or even the degree of development of the place, region, and country where the car producers settled.
The profit margin achieved is increased by the reduction of wage costs, the rolling of the rights and social benefits given to the workers are supplemented by favors and facilities granted by the host country which play the role of magnet of attraction for the automobile manufacturers.
The second challenge is internal and specific to the emergence of electric cars which have managed to establish themselves as a serious alternative to traditional models using gasoline or diesel as fuel. Thus, the global automotive industry is currently distinguished by an international and national strategy characterized by change and continuity
Executive Briefing: This article presents the drive of Renault from the edge of bankruptcy to the rise of its model Logan to international prominence, fame and success. At the same time, Renault concentrated its production in countries that have been considered by the major car manufacturers as solely a marketplace and not the location of their production. Cette résurrection de Renault coïncida avec une rupture dans la volonté des décideurs nationaux des pays d’accueil de conduire leurs économies dans la voie du développement généralisé national. Dorénavant, le libéralisme idéologique et sa traduction opérationnelle sous forme du Développement Durable privilégient et accordent la primauté a des politiques conjoncturelles basées sur l’attractivité et l’implantation des créneaux industriels et a des productions sectorielles complémentaires pour la stimulation de la création de l’emploi, l’attrait des producteurs des composants mécaniques et la stimulation des exportations.
Published on December 19, 2015 Said El Mansour Cherkaoui, Ph.D.★ ★ 79 articles Executive Briefing: This article presents the drive of Renault from the edge of bankruptcy to the rise of its model Logan to international preeminence, fame and success. At the same time, Renault concentrated its production in countries that have been considered by the major car manufacturers as solely a marketplace and not … Continuer de lire Renault Globaloganization
Première Partie: Digital Made in Morocco: Écosystème, Économie du Savoir et Industrie Automobile – Dr. Said El Mansour Cherkaoui
★ CHRONIQUE 🌎 CHERKAOUI ★ – L‘analyse présente est faite en 2 parties complémentaires: Première Partie: Digital Made in Morocco: Écosystème, Économie du Savoir et Industrie Automobile Le Maroc doit faire face a une économie mondiale centrée sur l’exploitation commerciale du savoir, en l’occurrence l’innovation et le développement de secteurs a haute valeur ajoutée dont l’utilisation de l’intelligence artificielle augmente la … Lire la suite
MAROC DIGITALL – L‘analyse présente est faite en 2 parties: Digital Made in : Écosystème, Économie du Savoir et Industrie Automobile – MAROC CROISSANCE L’analyse présente est faite en 2 parties complémentaires: Première Partie: Digital Made in Morocco: Écosystème, 28 JUIN 2018 … Continuer de lire New Strategic Drive for Development More you hear it, More Noise will come from it! Silence ! On tourne ! Action ! Time is the Essence of Action ! Time of the Transfer of Know-How and Technology is no more of the present. October 28, 2022 … Initialement publié: 11.12.2017 … Lire la suite
Said El Mansour Cherkaoui June 21, 2023, N.B.: Frontpage picture of the Blue Car in the First Floor Parking taken by Said El Mansour Cherkaoui … Continue reading
Chinese electric vehicle (EV) maker Nio has unveiled the first car from its new lower-priced brand Onvo, in a direct challenge to Tesla’s best-selling car. May 15, 2024
Beyond Dream – BYD
Formerly written off by Elon Musk, the Chinese BYD proved its detractors wrong by becoming the world’s leading seller of electric vehicles in July 2022, after having sold 641,000 vehicles in the first half of 2022, almost 80,000 more electric vehicles than Tesla .
Atto 3
Dolphin
E6
Seal
Sealion 6
T3
On Monday, July 1, 2024, BYD reported EV sales of 426,000. That is 21% more than a year ago, as BYD continues to close the gap on Tesla. In the fourth quarter, BYD briefly passed Tesla in global EV sales.
Although it has gained a strong foothold in the electric vehicle market, BYD began life as a rechargeable battery manufacturer in 1995 and in 2021 built a new factory in Chongqing, China to produce its blade batteries, which are thinner and longer than conventional lithium batteries ion cells.
Blade batteries are also considered the safest EV batteries because they are much less likely to catch fire in the event of an accident. They are also 50% smaller than other battery packs, resulting in lighter, more efficient electric vehicles.
There appear to be no hard feelings between the Chinese giant and Elon Musk: BYD Executive Vice President Lian Yubo now claims that BYD is “good friends” with Mr. Tesla and plans to supply his company batteries for electric vehicles.
Tesla finally unveiled its Robotaxi and larger Robovan at an event Thursday [10/10/24] night, following several years of hype and delays. CEO Elon Musk said the car — with no pedals or steering wheel — would be able to drive itself without supervision. He offered “no details” about where the Cybercab would be made, but said customers will be able to buy it — hopefully before 2027 — for under $30,000. While Musk expects it to rake in trillions, some experts doubt the cars will hit the roads anytime soon, pointing to previous delays. Investors, meanwhile, showed some disappointment around the lack of details.
Tesla’s tactic of pruning back prices this year is beginning to bear fruit. The electric vehicle maker enjoyed a five percent sales increase in the first quarter and delivered a record 422,875 vehicles, which was just below Wall Street’s estimates. The company has addressed the long waits — typically driven by limited production capabilities — that have often marked the buying experience by ramping up outputs at plants in Austin, Texas, and in Germany. Still, some analysts are concerned about whether Tesla can maintain its growth without further price cuts.
Tesla’s first-quarter deliveries represent a 36% increase compared to the same period last year and 4% more than its previous quarter. Its previous delivery record was roughly 405,000 cars in one quarter.
Tesla recently issued a recall for 35 of its electric Semis over a faulty parking brake.
The company is also facing a probe from the National Highway and Traffic Safety Administration over malfunctioning seat belts.
Investing in Morocco – Opportunities for growth and a dynamic environment to do business Bridge to Europe, Bridge to Europe, Gateway to Africa, Gateway to Africa and the Door to the Mediterranean Portal for the Mediterranean and Window to the Atlantic. To find out more Morocco Initially, there was the Emergence Plan, initiated following … Lire la suite « Invest in Morocco – Renault »
For the first time since 1931, G.M. has been outsold in the U.S. by Toyota. Both companies sold over two million vehicles.
TOYOTA TAKEOVER: For the first time since 1931, G.M. has been outsold in the U.S. by Toyota. Both companies sold over two million vehicles. pic.twitter.com/KaYifVznd4
An assembly line is a production process that breaks the manufacture of a good into steps that are completed in a pre-defined sequence. Assembly lines are the most commonly used method in the mass production of products. They reduce labor costs because unskilled workers are trained to perform specific tasks.
TRI CONSULTING KYOTO TRI CK USA – Said El Mansour Cherkaoui, a well-known scholar and analyst, has provided valuable insights into the relationship between the United States and Morocco. Here are some key points from his analysis: Morocco ★ USA ★ Morocco ★ California★ Articles on Morocco ★ USA Relations ★ Dr. Said El Mansour Cherkaoui … Continue reading TRI CK USA achievements around the World
For the premiere, Tesla cars were placed on a Chinese government procurement list, according to state media Paper.cn. Tesla is the only rare electric vehicle brand listed on the procurement list released by the government of Jiangsu province in eastern China. July 5, 2024 For the premiere, Tesla cars are placed on a Chinese government procurement list, according to state media Paper.cn.
Tesla is the only rare electric vehicle brand listed on the procurement list released by the government of Jiangsu province in eastern China. Other brands mentioned include Volvo, the defunct Chinese Geely, and SAIC, the defunct state-owned company.
This means that government agencies and public groups in the province can buy them as service vehicles, which is the relationship between the Chinese entrepreneur and Elon Musk’s company.
The development may go viral on Chinese social media, with some users asking if the rare vehicles should be intended for use by the government.
The Jiangsu government intends to address these concerns by claiming that the Tesla Model Y is “a domestic, not imported car,” according to a report published by the National Business Daily, a state-owned company, citing a government employee.
Tesla, which has a giant footprint in Shanghai, will be manufacturing 947,000 cars in China by 2023, with most of them at its location.
The Jiangsu government did not respond to CNN’s phone calls. In the government’s procurement catalog, the Shanghai-made Tesla Model Y was priced at 249,900 yuan ($34,377).
China is becoming a major market for Tesla, as the country accounts for the majority of total global electric vehicle sales. Last year, Tesla accounted for a quarter of China’s total sales.
But the American carmaker is also facing a crush of Chinese rivals. BYD overtook Tesla in the last quarter of 2023 and is also a major seller of electric vehicles on the planet. Tesla regained its position in the first half of this year but is on the brink of collapse.
Tesla vehicles are now banned from accessing some government and military complexes in China due to spying and user security concerns.
These restrictions were imposed in April 2024, when a major automobile association announced that Tesla vehicles meet the security requirements of Chinese transporters. The announcement to this day that Musk returned to Beijing and met Premier Li Qiang, who hailed Tesla as a “success model” of collaboration between the United States and China.
EU border crossings More, on the borders, tensions between China and the West are intensifying.
The European Commission has confirmed that it is imposing additional double duties of 37.6% on imports of electric vehicles made in China.
The custom tariffs, announced for the premiere since its debut in June, are adopted as a necessary measure of the EU to deter a fleet of Chinese voitures bon marché built with the solution of the “unfair” government.
Tesla, a major exporter of electric vehicles made in China to Europe, has demanded a separate calculation of the partner rights, according to the Commission. The company is currently facing an additional double profit right of 20.8% within the framework of a group of cooperative companies with the EU survey.
1.85 Million Cars Recalled by Tesla 📉 stock fell in response, down 1.5% on open.
Tesla rolling out a software fix for 1.85 million vehicles in the U.S., which have been recalled for failing to alert the driver when the hood is unlatched. It’s the company’s largest recall since December 2024, when nearly all Teslas were recalled over issues with its Autopilot system. The concern this time is that an unlatched hood could fly open and block the driver’s view, according to the National Highway Traffic Safety Administration. Tesla has already started deploying a free over-the-air software update to address the issue, which affects recent Model 3, Model S, Model X and Model Y cars.
Tesla’s recent business performance has been closely watched.
In the second quarter of 2024, the automaker faced disappointing figures:
Production decline: Tesla built 418,831 electric vehicles, a decrease of 14.4% compared to the second quarter of 2023.
Slowing Sales: Tesla sold 443,956 electric vehicles in the same quarter, reflecting a 4.8% year-over-year decline.
Challenges: Despite Elon Musk’s influence, Tesla struggled with a small product line and a price war, particularly in China.
Excess Inventory: Interestingly, Tesla delivered more Model 3s and Model Ys than it produced, potentially eliminating excess inventory.
Solar Power Division: Tesla’s solar power and storage division had a good quarter, deploying 9.4 GWh of energy storage.
Musk’s Pivot: Elon Musk is now focusing on humanoid robots, a departure from the auto industry.
Tesla has lost its EV market majority. The company no longer makes most of America’s electric vehicles, according to data from research firm Cox Automotive.
Tesla’s market share fell to 49.7% in the second quarter, compared with 59.3% in the same period a year earlier.
With more than 100 EV models in the U.S. market, Tesla faces increased competition from established automakers. General Motors, Ford, Hyundai, and Kia have made inroads in the fast-growing segment. Total EV sales climbed 11.3% in the quarter, and 8% of all cars sold or leased were electric.
Tesla is at a crossroads. As demand for electric vehicles slumps and profits plunge by 45%, Elon Musk is betting on humanoid robots, autonomous taxis, and artificial intelligence to revive growth. This strategy may test investors’ patience. Despite Musk asserting on a post-earnings call Tuesday that “the value of Tesla overwhelmingly is autonomy,” the timeline for the pivot is uncertain.
Tesla intends to unveil its Robotaxi in October, two months later than planned. Musk has also revised his robot timeline, saying they will “hopefully” be available to customers in 2026.
Tesla shares fell 11% on Wednesday.
The new timelines put “investors in something of a holding pattern,” writes Bloomberg, also noting that a factory project in Mexico is on hold until after November’s U.S. presidential election.
A bright spot for Telsa has been sales of batteries, which doubled to $3 billion in the last quarter.
While Tesla’s auto sales face challenges, Musk remains optimistic about growth.
Tesla’s growth requires superior propulsion and control of maintenance and electric charging costs
Tesla’s inventory is parked near their factory in Fremont, California and this is not the only location and trailer truck and has been since the summer of 2023 when the author of this article visited the places to take these photos of Tesla near the place of its manufacture and this photo is of Tesla just freshly released from the arms of the manufacturing Robots without any license plate and the entire interior of these cars is carpeted and covered protective plastic.
Times are starting to get tough for Tesla. The electric vehicle automaker was growing, with quarter after quarter of successive growth and plenty of profits in the process. But of late, that success has been mainly due to a series of price cuts intended to entice customers to buy an aging range.
In March 2024, the company recorded its first quarterly decline since 2020. It now plans to lay off more than 10% of its workforce, according to an internal memo seen by Reuters . “As we prepare the company for our next phase of growth, it is extremely important to examine all aspects of the business to reduce costs and increase productivity,” Tesla CEO Elon Musk told the employees in the note. Musk has pursued a strategy of relentless cost cutting, but all those price cuts have meant that Tesla’s once-envied profit margins are no longer anything special.
Internal memo seen by Reuters . “As we prepare the company for our next phase of growth, it is extremely important to examine all aspects of the business to reduce costs and increase productivity,” Tesla CEO Elon Musk told the employees in the note. Musk has pursued a strategy of relentless cost-cutting, but all those price cuts have meant that Tesla’s once-envied profit margins are no longer anything special.
AVRIL 14, 2019 – 11/24/2021 Said El Mansour Cherkaoui and 7/20/2024 Diaspora of African Executives Said El Mansour Cherkaoui Ph.D. • • • 1 minute ago UN CONSEIL DE la PART d’un FRÈRE AFRICAIN A CELLES ET CEUX QUI PEUVENT AVOIR UN TEL ENGIN DE TESLA 🌐 Tesla Motors: Driving News, Dance, and Transe Moves 🌐🌐Design and Creative Photographic Shoots on Cars 🌐Said El Mansour Cherkaoui Ph.D. …Lire la suite
LG Energy Solution
A unit of LG Chem, this South Korean battery supplier is neck and neck with CATL as the world’s leading supplier of lithium-ion batteries for electric vehicles.
While there has been some controversy along the way – LG Chem successfully sued rivals SK Innovations not long ago for stealing trade secrets – the future looks bright for the company, with LG Energy Solution starting production of 4680 cells in 2023, the same cells. which constitutes Tesla’s most advanced battery to date.
Large-format 4680 cylindrical cells would increase power six-fold and energy five-fold, and increase the range of an electric vehicle by up to 54 percent.
These 4,680 cells should also bring the price of Tesla electric vehicles down to around $25,000, according to Tesla founder Elon Musk.
The company also has a $303 million factory in Holland, Michigan, capable of producing enough cells per year to build between 50,000 and 200,000 batteries for hybrid manufacturers like Ford , General Motors, Hyundai, Volvo , Renault and Chevrolet .
By 2025, all factories in South Korea, North America, Europe and China will run 100% on renewable energy.
Chinese electric vehicle (EV) maker Nio has unveiled the first car from its new lower-priced brand Onvo, in a direct challenge to Tesla’s best-selling car.May 15, 2024
Beyond Dream – BYD
Formerly written off by Elon Musk, the Chinese BYD proved its detractors wrong by becoming the world’s leading seller of electric vehicles in July 2022, after having sold 641,000 vehicles in the first half of 2022, almost 80,000 more electric vehicles than Tesla .
Atto 3
Dolphin
E6
Seal
Sealion 6
T3
On Monday, July 1, 2024, BYD reported EV sales of 426,000. That is 21% more than a year ago, as BYD continues to close the gap on Tesla. In the fourth quarter, BYD briefly passed Tesla in global EV sales.
Although it has gained a strong foothold in the electric vehicle market, BYD began life as a rechargeable battery manufacturer in 1995 and in 2021 built a new factory in Chongqing, China to produce its blade batteries, which are thinner and longer than conventional lithium batteries ion cells.
Blade batteries are also considered the safest EV batteries because they are much less likely to catch fire in the event of an accident. They are also 50% smaller than other battery packs, resulting in lighter, more efficient electric vehicles.
There appear to be no hard feelings between the Chinese giant and Elon Musk: BYD Executive Vice President Lian Yubo now claims that BYD is “good friends” with Mr. Tesla and plans to supply his company batteries for electric vehicles.
Panasonic
Panasonic is another one of the largest lithium-ion battery manufacturers in the world. The electronics giant has partnered with Tesla to build Giga Nevada – or Gigafactory 1, as it is also known – a $5 billion factory for lithium-ion batteries and electric vehicle components. Dollars located in Storey County, Nevada. , which produces a Panasonic EV battery exclusively for Tesla’s Model 3, Model S and Model X SUVs.
Panasonic reportedly invested $1.6 billion in Gigafactory 1 to become Tesla’s main supplier of electric vehicle batteries, with raw materials supplied by a mining company that extracts lithium from a site 200 miles from the factory.
Jointly designed and manufactured by Tesla and Panasonic, the “2170” battery has been mass-produced since January 2017, and the new and improved 4680 battery cell, which features significant capacity improvements, will enter production in 2023.
Looking to the future, Shoichiro Watanabe, CTO of Panasonic Energy, says the company will achieve a 20% improvement in the energy density of its battery cells by the end of the decade.
In the same way that Tesla has partnered with other electric vehicle battery makers in other international markets, Panasonic has also partnered with Toyota to build a lithium-ion battery factory in Japan that will supply batteries for Toyota electric vehicles. Source:
Said El Mansour Cherkaoui, Ph.D. – Tesla’s mission is to accelerate the world’s transition to sustainable energy Tesla’s Electric Pickup Truck: Tracks of Creativity, Road of Success and Path of Energy Sustainability Four years ago, Elon Musk unveiled Tesla’s electric pickup truck, and two years behind schedule and nearly 2 million preorders later, Tesla’s Cybertruck will finally go out to customers on … Continue reading
Tesla will cut more than 10% of its global workforce or up to 14,000 employees
Tesla, the electric car manufacturer, is indeed planning significant workforce reductions. According to an internal email from Tesla CEO Elon Musk, the company will cut “more than 10%” of its global workforce. The move comes as Tesla grapples with slowing demand and challenges in the electric vehicle (EV) market around the world .
Here are the key points:
Number of employees: Tesla ended 2023 with more than 140,000 employees worldwide, meaning the cuts could affect more than 14,000 people .
Reasons for layoffs: The company’s decision to downsize is driven by the need to reduce costs and increase productivity. Tesla has warned investors that sales growth could be “significantly lower” in 2024 compared to its stated goal of 50% growth each year. Additionally, Tesla is currently between production cycles, with the expensive Cybertruck recently entering production and the popular Model Y entering its fourth year without significant updates.
Executive departures: On the same day as the layoffs, two high-level executives left Tesla. Drew Baglino, Tesla’s senior vice president of powertrain and energy, and Rohan Patel, vice president of public policy and business development, have both left the company. Baglino oversaw the engineering of the company’s powertrain and battery technologies, while Patel had experience in climate and energy policy. Their departures come as part of the company’s restructuring efforts.
In the memo, CEO Elon Musk writes that duplication of roles and the need to cut costs are behind the layoffs. The automaker had nearly doubled its workforce over the past three years by increasing production at several factories, but last month recorded its first quarterly drop in deliveries in four years. Tesla shares have fallen 31% this year, putting it among the worst performers in the S&P 500.
Elon Musk expressed gratitude for their contributions but emphasized the need to reduce costs and increase productivity as Tesla prepares for its next phase of growth. This situation reflects the challenges facing the electric vehicle industry and the need for companies like Tesla to adapt to changing market dynamics.
Overall electric vehicle sales slowed in the first quarter, increasing less than 3%, while hybrid sales increased 43%.
Tesla’s difficulties have largely contributed to the C’s lukewarm performance, since the company’s cars represent about half of the US electric market, according to research firm Motor Intelligence.
Storyline feed updates
Is the Cybertruck killing Tesla?
Tesla’s only product launch in the past six years has exhausted enormous resources and is still not ready for prime time. The Cybertruck is having a hard time selling to ardent fans at its current price. Tesla’s future is tied to robo-taxis that may or may not come into service this decade. Faced with growing Chinese competition, Tesla has a million reasons to worry. #ElonMusk is just one of them.
Tesla will cut more than 10% of its global workforce, or up to 14,000 employees,
Tesla, the electric car manufacturer, is indeed planning significant workforce reductions. According to an internal email from Tesla CEO Elon Musk, the company will cut “more than 10%” of its global workforce. The move comes as Tesla grapples with slowing demand and challenges in the electric vehicle (EV) market worldwide .
Tesla (TSLA) is rumored to be preparing a massive round of layoffs
Tesla announced a significant reduction in its workforce following a disappointing first-quarter delivery report, following in the footsteps of traditional automakers and pure-play EV makers, according to an internal memo. Famed Tesla bull Dan Ives of Wedbush Securities warned that the layoffs were a negative sign for Tesla, as seen in Monday’s stock decline. Ives has a price target of $300 and a buy rating on the stock. “This is a worrying signal of tough times ahead for Tesla as Musk weathers this Category 5 storm,” Ives said in a comment to Yahoo Finance. “Demand has been weak globally, and this is unfortunately a necessary move for Tesla to reduce costs with a more moderate growth outlook.”
For decades, the UAW’s efforts to unionize large foreign auto plants in the American South failed. It now appears that this is about to change, with far-reaching consequences. I’ve traveled multiple times to Tennessee and Alabama to report on why the union is poised for a historic victory this week at Volkswagen in Chattanooga, and how it could bolster its efforts everywhere from Mercedes to Tesla. “When we started this campaign, you didn’t talk very openly about a union in the factory,” one of the hundreds of VW workers who sat on the union’s organizing committee told me. “Now that’s all we talk about.”
Elon Musk announced in an internal memo that Tesla plans to cut more than 10% of its global workforce. Tesla’s CEO said that as the electric vehicle maker has rapidly expanded, there has been some “duplication” of roles. He added that the cuts will help it become “simple, innovative and hungry for the next phase of growth.” »
Executive exodus and 10% reduction in workforce at Tesla. We reported that Drew Baglino had resigned from Tesla . Baglino had worked at Tesla since 2006 and was senior vice president of powertrain engineering and energy. He was one of four executives named and integral to the work the company was doing in everything from electric vehicles to energy storage and next-generation 4680 cells. Drew posted on social media a few hours after our story to confirm his departure. Rohan Patel, Tesla’s head of public policy, also left the company, we reported. Factoring in the departure of key names from Tesla’s semiconductor team earlier this year and the departure of Zach Kirkhorn in August, that’s a lot of intellectual capital and experience. Still: I’m told things are going well – particularly in the energy division – and one of the reasons for Baglino’s departure is that he felt the place was in good hands. Last night, Musk told staff around the world that Tesla would cut 10% or more of its global workforce. The reasons are clear: continued cost reduction and productivity in a difficult environment. But Tesla has grown rapidly. And Musk cited the number of duplicate roles in his justification for the RIF. 10% of Tesla’s workforce represents approximately 14,000 people. It is therefore large in size, the largest RIF ever seen.
Executive departures: On the same day as the layoffs, two high-level executives left Tesla. Drew Baglino, Tesla’s senior vice president of powertrain and energy, and Rohan Patel, vice president of public policy and business development, have both left the company. Baglino oversaw the engineering of the company’s powertrain and battery technologies, while Patel had experience in climate and energy policy. Their departures come as part of the company’s restructuring efforts .
In the memo, CEO Elon Musk writes that duplication of roles and the need to cut costs are behind the layoffs. The automaker had nearly doubled its workforce over the past three years by increasing production at several factories, but last month recorded its first quarterly drop in deliveries in four years. Tesla shares have fallen 31% this year, putting it among the worst performers in the S&P 500.
Elon Musk expressed gratitude for their contributions, but emphasized the need to reduce costs and increase productivity as Tesla prepares for its next phase of growth . This situation reflects the challenges facing the electric vehicle industry and the need for companies like Tesla to adapt to changing market dynamics.
Overall electric vehicle sales slowed in the first quarter, increasing less than 3%, while hybrid sales increased 43%.
Tesla’s difficulties have largely contributed to the C’s lukewarm performance, since the company’s cars represent about half of the US electric market, according to research firm Motor Intelligence.
Storyline feed updates
Is the Cybertruck killing Tesla? Tesla’s only product launch in the past six years has exhausted enormous resources and is still not ready for prime time. The Cybertruck is having a hard time selling to ardent fans at its current price. Tesla’s future is tied to robo-taxis that may or may not come into service this decade. Faced with growing Chinese competition, Tesla has a million reasons to worry. #ElonMusk is just one of them.
How do U.S. car producers based in the United States, other foreign car producers in the United States, European Car Manufacturers selling cars in the United States, and other Asian car producers selling or/and manufacturing cars in the United States, all these car manufacturers react and consider the arrival, establishment and expansion of Chinese made cars and Chinese EV cars and trucks and buses in the United States and Europe and Africa, Latin America and the Middle East.
What is going to be the scenario, the new global, local, regional, and national trends and perspectives of the competition in the car industry around the world given the rise of Chinese Cars
Chinese car brands still need to be added to the US market, but Chinese-made cars are still sold in the US.
• Americans bought 104,000 Chinese-made cars in 2023 and nearly 28,000 in the first quarter of 2024.
• Buick, Lincoln, Polestar, and Volvo all sell US cars made in China.
What some people may not realize, however, is that tens of thousands of cars manufactured in China are sold in the US every year. Volvo’s S60L sedan was one of the first Chinese-made cars to be sold in the US starting in 2016, followed by Buick’s Envision SUV and Cadillac’s CT6 hybrid.
US consumers purchased more than 104,000 Chinese-made vehicles in 2023, up 45% from 2022. Americans bought another 28,000 Chinese-made cars during the first quarter of 2024.
Buick, Lincoln, Polestar, and Volvo sell Chinese-made vehicles in the US. Of those, the only Chinese-made EVs come from Polestar, a brand owned by Volvo and its parent company, Geely. The EV brand imported just 2,217 cars in the first three months of 2024. Polestar is expected to start production in South Carolina this year. Will the U.S. government discourage the domestic output of Polestar? Source: Gene Detroyer
Together, the plants, one located in Tennessee and two in Kentucky, will enable more than 120 gigawatt hours of U.S. battery production annually and displace more than 455 million gallons of gasoline per year for the lifetime of the vehicles powered by these batteries. The project is expected to create a total of approximately 5,000 construction jobs in Tennessee and Kentucky, and 7,500 operations jobs once the plants are up and running.
This effort supports President Biden’s Investing in America agenda to onshore and re-shore domestic manufacturing of technologies that are critical to reaching a clean energy and transportation future. Expanding domestic production of American-made batteries is critical to reaching the Biden-Harris Administration’s goals to have EVs represent at least 50% of all new car sales in the U.S. by 2030, reach net-zero electricity by 2035, and a net-zero economy by 2050.
As with all conditional commitments that LPO offers, it’s important to note that the expected U.S. Department of Energy (DOE) loan will only be issued pending the satisfaction of certain conditions, including final legal, contractual, technical, and financial requirements that the conditional commitment specifies.
Uncle Sam’s clean-energy push is giving Ford a major boost. The Energy Department has awarded the automaker a massive $9.2 billion loan to fund the construction of three EV battery plants.
a move Bloomberg reports is « by far the biggest government backing for a U.S. automaker since the bailouts in the 2009 financial crisis. »
The U.S. is trying to reduce its battery reliance on China, which has dominated the market for years and has roughly 80% of the world’s manufacturing capacity. Ford, which made about 132,000 EVs in 2022, hopes to produce 2 million of the vehicles by 2026.
The plants — two in Kentucky, one in Tennessee — are already in the works as part of BlueOval SK, a partnership between Ford and South Korean battery firm SK On. The total projected cost is $11.4 billion.
The U.S. Energy Department said Thursday it plans to lend up to $9.2 billion to a joint venture of Ford Motor and South Korea’s SK On to help it build three battery plants in Tennessee and Kentucky, a record-setting loan for a vehicle supply chain project. The conditional commitment for the low-cost government loan for the BlueOval SK joint venture comes from the government’s Advanced Technology Vehicles Manufacturing (ATVM) loan program. Jigar Shah, the head of the loan program office, told Reuters the loan could close as soon as within 10 weeks.
SCOOP: Ford Motor Company & South Korean battery maker SK On are getting a $9.2 billion loan from the US Department of Energy for three battery plants under construction in Kentucky & Tennessee. It’s a watershed moment in the US race to catch China in green vehicle technology.
Community colleges in Tennessee and Kentucky stand to benefit from the government’s $9B+ investment in battery production. New workforce development and academic programs, as well as re-tooled facilities, will be needed to support the 7,500 operations jobs associated with these new plants.
Blade Batteries
Global Delocalization of Batterie Manufacturers: Example of Morocco
Let us quickly recall here the advantages which attract investments in new technologies within the countries of the South both from China and from Western countries or other nationalities aiming to relocate certain phases of their production.
The cost of intermediate production, the cost and local availability of raw materials, labor, the proximity of car suppliers and buyers, financial facilities and tax incentives, the flexibility of pollution laws, flexibility of work, the docility of social demands movements, and the rate of social charges and recovery of retirement pensions, health insurance as well as the level of unionization, the cost of land ownership and supply of these lands by the State, the level of logistical infrastructure, the ease of movement of capital, taxation and the rate of social charges and recovery of retirement pensions as well as the level of unionization, remittance and export profits as well as the company’s appropriation ratio. Not to mention the integration of operators and managers from the country of origin benefiting from all the financial and tax advantages recognized by the public authorities. 1/7/2024
First Batch of SHACMAN X6000 Series Products Rolled off the Assembly Line. Congratulations.
Asian Firms to build joint LFP cathode plants in Morocco
South Korea’s LG Chem Ltd
South Korea’s LG Chem Ltd (051910.KS) has entered a partnership with China’s Huayou Group’s subsidiary Youshan, project to build a joint electric vehicle (EV) battery material plant in Morocco to diversify its portfolio.
The Morocco plant, set to start production in 2026, aims to produce 50,000 tonnes of lithium-phosphate-iron (LFP) cathode materials annually, enough to be installed in 500,000 entry-class EVs, the South Korean chemical maker said in a statement.
Huayou has joined the growing number of Chinese electric vehicle and battery companies seeking to expand overseas to get closer to their foreign clients and benefit from local incentives.
In a separate statement, Huayou’s listed unit Zhejiang Huayou Cobalt Co (603799.SS) said it intended to build plants with LG Chem in Indonesia and Morocco under a strategic partnership to promote international growth.
The Morocco plant, set to start production in 2026, aims to produce 50,000 tonnes of lithium-phosphate-iron (LFP) cathode materials annually, enough to be installed in 500,000 entry-class EVs, the South Korean chemical maker said in a statement.
LG Chem, known for manufacturing more expensive nickel-cobalt-manganese (NCM) cathodes, is entering the LFP cathode business to meet the growing demand for cheaper LFP batteries as the auto industry seeks to produce more affordable EVs, whose most expensive components are the batteries.
LG Chem said LFP cathodes produced at the Morocco plant will be supplied to the North American market and could be eligible to receive subsidies from the U.S. Inflation Reduction Act (IRA) as Morocco is a free-trade partner with the United States.
CNGR, Chinese Battery-Parts Maker, and African Fund Al Mada
CNGR, the Chinese Battery-Parts Maker is partnering with the African Fund Al Mada to Plan a $2 Billion Venture in Morocco – The investment volume is about 20 billion Moroccan dirhams (1.8 billion euros). CNGR Advanced Material Co., a Chinese maker of battery components, is joining forces with the African private investment fund Al Mada to build an industrial base in Morocco {9/18/2023} for a battery materials production and recycling facility. The strategic partnership aims to produce ternary CAM precursors for lithium-ion batteries as well as lithium iron phosphate (LFP) and recycle black mass from used batteries. A joint venture has been established between the two companies to advance the project.
Battery material for more than one million EVs per year
Construction is scheduled to begin this year, and phased production is expected to start in the fourth quarter of 2024. The plan is to produce battery material for more than one million electric vehicles per year, with 120,000 tons of CAM precursors, 60,000 tons of LFP, and 30,000 tons of black mass recycling.
Negotiations with leading phosphate and fertilizer supplier
CNGR Morocco New Energy, a subsidiary of CNGR, will hold a majority 50.03 percent stake in the joint venture, while Al Mada’s subsidiary NGI will hold 49.97 percent.
The two partners are currently negotiating with the OCP Group to purchase the necessary raw materials, including phosphate products. Jorf Lasfar is located directly on the Atlantic coast, and a seaport is also available in El Jadida. So far, Jorf Lasfar is known mainly for the country’s largest coal-fired power plant. OCP Group, a leading Moroccan phosphate and fertilizer supply company, sources the highest quality phosphate salts for the production of LFP and ternary CAM precursors from the plant. Morocco is a major global producer of phosphate salts: Its reserves account for 71% of the world total. Other suppliers, such as cobalt and manganese products, are not named in the announcement.
The focus will be on producing precursors for NCM and LFP cathode materials. The plant will also include recycling facilities. The companies are planning annual capacities of 120,000 tonnes for NCM precursors, 60,000 tonnes for LFP precursors, and 30,000 tonnes for the recycling of battery materials in the first phase. The planned annual production is 70 GWh. That should be enough for more than one million electric vehicles.
Production is mainly for export to meet the high demand in Europe and America – but the partners do not name potential customers. Construction will begin this year after the necessary permits have been obtained and production is scheduled to start in 2025. Source: Info via email
“Morocco aims to open EV battery gigafactory”
Announced on July 22, 2022, at Marrakesh.
Asian Companies Building Battery Factories in Morocco to export to Europe and the U.S.
During the summer of 2022, the Moroccan Minister of Industry and Trade declared that Morocco was negotiating with electric vehicle battery manufacturers to set up a plant in the country to mesh with its existing automotive sector and cobalt output.
“We hope to sign a deal for the plant before the end of this year,” the minister said in an interview with Reuters but declined to name the companies.
He did not say how much investment it would require but referred to it as a “gigafactory,” a term widely used for very big production facilities. The planned factory for EV batteries will “offer a huge momentum for the local automotive sector” and will benefit from the availability of renewable energy and raw materials such as cobalt and phosphates in the country, he said.
Morocco is home to Renault and Stellantis production plants, with a combined production capacity of 700,000. The Dacia Sandero and Peugeot 208 are examples of popular models that are built in Morocco. Demand for such batteries is growing outside and within Morocco, where Citroen plans to double its production capacity within two years from 50,000 EVs, Mezzour said.
Exports by about 250 automakers and suppliers in Morocco have topped the country’s industrial exports over the past seven years, surpassing phosphate sales. Up to May this year, Morocco’s automotive sector sales stood at $4.13 billion, up 24 percent. To increase competitiveness in the face of competition from China and India, Morocco plans to increase the rate of locally made parts in the cars it exports to 80 percent, up from 65 percent currently, Mezzour said.
“We are targeting 1 million within the next three to four years,” Mezzour said. Source:
And what is Europe doing for its renewable industry?
US Billions are flooding into US-based investments, so even European companies are now moving to the US for their investments.
In 2022, the top five manufacturers control more than 80 percent of the battery market. With an increased interest in EVs – global sales of electric cars totaled 4.2 million units in 2021, up by 108 percent compared with 2020 – there’s been concern that a long list of car companies may soon face an EV battery shortage from electric car battery manufacturers.
The advantages which attract investments in new technologies within the countries of the South both from China and from Western countries or other nationalities aiming to relocate certain phases of their production. The cost of intermediate production, the cost and local availability of raw materials, labor, the proximity of car suppliers and buyers, financial facilities and tax incentives, the flexibility of pollution laws, flexibility of work, the docility of social demands movements, and the rate of social charges and recovery of retirement pensions, health insurance as well as the level of unionization, the cost of land ownership and supply of these lands by the State, the level of logistical infrastructure, the ease of movement of capital, taxation and the rate of social charges and recovery of retirement pensions as well as the level of unionization, remittance and export profits as well as the company’s appropriation ratio. Not to mention the integration of operators and managers from the country of origin benefiting from all the financial and tax advantages recognized by the public authorities.
1/7/2024
LG Energy Solution
A unit of LG Chem, this South Korean battery supplier is neck and neck with CATL as the world’s number one supplier of lithium-ion EV batteries.
Although there has been some controversy along the way – LG Chem successfully sued rivals SK Innovations not too long ago for stealing trade secrets – the future looks bright for the company, with LG Energy Solution beginning production of 4680 cells in 2023, the very same cells which make up Tesla’s most advanced battery pack yet.
The large format 4680 cylindrical cells are said to increase power by six times and energy by five times, as well as boost an EV’s range by up to 54 percent.
These 4680 cells are also expected to bring the price of Tesla EVs down to around $US25,000, according to Tesla founder Elon Musk.
The company also has a US$303 million plant in Holland, Michigan, capable of producing enough cells per year to build between 50,000 and 200,000 battery packs for EV and hybrid manufacturers like Ford, General Motors, Hyundai, Volvo, Renault and Chevrolet.
By 2025, all factories in South Korea, North America, Europe, and China will operate on 100 percent renewable energy.
BYD
Once written off by Elon Musk, China’s BYD has proven the haters wrong by becoming the world’s top seller of EVs in July 2022, having sold 641,000 vehicles in the first half of 2022 – nearly 80,000 more EVs than Tesla.
Although it’s gained a strong footing in the EV market, BYD began life as a rechargeable battery manufacturer in 1995, and in 2021 it built a new facility in Chongqing, China, to produce its blade batteries, which are thinner and longer than conventional lithium-ion cells.
Blade batteries are also considered to be the safest EV batteries because they are far less likely to catch fire in an accident. They are also 50 percent smaller than other battery blocks, resulting in lighter and more efficient EVs.
There seems to be no hard feelings between the Chinese behemoth and Elon Musk: BYD executive vice president Lian Yubo now says BYD is “good friends” with Mr Tesla, and has plans afoot to supply his company with EV batteries.
Panasonic
Panasonic is another of the world’s largest lithium-ion battery manufacturers, the electronics giant partnering with Tesla on Giga Nevada – or Gigafactory 1, as it’s also known – a $5 billion lithium-ion battery and electric vehicle component factory located in Storey County, Nevada, which produces a Panasonic EV battery exclusively for Tesla’s Model 3, Model S and Model X SUV.
Panasonic is said to have invested US$1.6 billion in Gigafactory 1 to make itself Tesla’s prime supplier of EV batteries, with raw materials being supplied by a mining company that extracts lithium from a site located 320km away from the factory.
Jointly designed and engineered by Tesla and Panasonic, the ‘2170’ battery has been in mass production since January 2017, with the new and improved 4680 battery cell, which has significant capacity improvements, going into production in 2023.
Turning an eye to the future, Shoichiro Watanabe, CTO of Panasonic Energy, says the company will achieve a 20 percent improvement in energy density in its battery cells by the end of the decade.
In much the same way that Tesla has partnered with other EV battery manufacturers in other international markets, Panasonic has also partnered with Toyota to build a lithium-ion battery plant in Japan that will supply batteries for Toyota EVs. Source:
Present Outlook of the World Battery Manufacturing Capacity
With the world gearing up for the electric vehicle era, battery manufacturing has become a priority for many nations, including the United States. However, having entered the race for batteries early, China is far and away in the lead.
Predominance of China’s World Manufacturing Capacity
– China controls raw materials –
Another key factor in China’s supremacy: is control over the raw materials needed to manufacture the batteries: lithium and cobalt.
According to Bloomberg, the Chinese firms Ganfeng and Tianqi control 17 and 12 percent respectively of the world production of lithium thanks to their investments in mines in Australia and South America.
Tianqi bought a 24 percent stake in Chilean miner SQM for $4.1 billion in December 2018. Together with the US firm Albemarle it also controls the huge Greenbushes mine in Australia.
Meanwhile, Chinese firms control at least half of the cobalt extracted in the Democratic Republic of Congo, where 70 percent of global output comes from, according to estimates cited by Bloomberg.
China Molybdenum bought a major site from the US firm Freeport-McMoran for $2.65 billion in 2016. China also has 80 percent of the world’s capacity to produce refined cobalt using chemical processes.
This is not a basic skill (“We are a car manufacturer, not chemically,” said Marianne Battalion, Renault E’s project manager last year), but second, whether the production was outsourced to Koreans or Chinese, many unemployed motor factories instead.
China has 6 of the top 10 EV battery makers with 60 percent market share, led by CATL and Warren Buffett-backed BYD.
Besides CATL and BYD, CALB, Gotion High-tech, Sunwoda, and Eve Energy feature among the world’s top 10 EV battery makers, according to SNE Research
CATL installed 165.7 gigawatt hours of battery cells in the first 11 months of last year, giving it a global market share of 37.1 percent
China’s well-established advantage is set to continue through 2027, with 69% of the world’s battery manufacturing capacity. With nearly 900 gigawatt-hours of manufacturing capacity or 77% of the global total, China is home to six of the world’s 10 biggest battery makers. Behind China’s battery dominance is its vertical integration across the rest of the EV supply chain, from mining the metals to producing the EVs. It’s also the largest EV market, accounting for 52% of global sales in 2021.
The U.S. is projected to increase its capacity by more than 10-fold in the next five years. EV tax credits in the Inflation Reduction Act are likely to incentivize battery manufacturing by rewarding EVs made with domestic materials. Alongside Ford and General Motors, Asian companies including Toyota, SK Innovation, and LG Energy Solution have all announced investments in U.S. battery manufacturing in recent months.
Europe will host six of the projected top 10 countries for battery production in 2027. Europe’s current and future battery plants come from a mix of domestic and foreign firms, including Germany’s Volkswagen, China’s CATL, and South Korea’s SK Innovation.
Combating China’s dominance will be expensive. According to Bloomberg, the U.S. and Europe will have to invest $87 billion and $102 billion, respectively, to meet domestic battery demand with fully local supply chains by 2030.
Within such an unbalanced world of Battery Manufacturing Capacity and given that Europe is using a mixed approach, Morocco is positioned to benefit from Europe’s reliance on domestic and foreign manufacturers of batteries.
Morocco, Regional Hub for Battery Material Plants
South Korea’s LG Chem partnering with China Huayou Group announced a project to build in Morocco a joint electric vehicle (EV) battery material plant. On the other side, CNGR, Chinese Battery-Parts Maker, and African Fund Al Mada aim to build an industrial base in Morocco for a battery materials production and recycling facility. All the Production of these facilities is intended for export to meet high demand in Europe and America.
An electric vehicle (EV) is a vehicle that uses one or more electric motors for propulsion. Photo by Said El Mansour Cherkaoui
🌎 Said El Mansour Cherkaoui February 20, 2023 – saidcherkaoui@triconsultingkyto.com🌍 🌎Analyses et Publications sur l’Industrie Automobile🌍 Said El … Continue reading
Said El Mansour Cherkaoui June 21, 2023, N.B.: Frontpage picture of the Blue Car in the First Floor Parking taken by Said El Mansour Cherkaoui … Continue reading
