Top 6 tidbits about Tesla’s Gigafactory revealed through building permits
'1) JULY 29 LAUNCH EVENT ATTENDEES MAY WITNESS BATTERY CELLS BEING MADE Construction permit #0934363 indicates that the $51 million dollar “Battery Cell Manufacturing Equipment Installation” project is estimated to be complete on July 20th. This means that attendees of the highly anticipated July 29 Gigafactory ‘Grand Opening’ event may actually have the opportunity to see battery cells being manufactured.'
In brief, Mr Mueller is talking about VW selling “2-3 million” EVs per year by 2025. This would be roughly one quarter of VW’s output.
The announcement has a dubious smell. First, it refers to “30 new models” over ten years. That would be a new model introduction rate of one every four months. Out here in the real world auto manufacturers feel they have done very well if they produce a new model every four years. We don’t believe that VW can produce new models at ten times that rate.
The suspicion is that when Mr Mueller says “new model” he means a model variant, or an electrification of an existing model. Given that VW currently has some 330 model variants then three a year sounds more reasonable.
Second, we suspect that this is another hybrid/EV three-cup shuffle. The actual announcement uses the words “pure EV”, but we seriously question whether “pure” was not inserted by an overenthusiastic corporate marketer who doesn’t know what it implies.
If VW’s ambition is in fact to produce even 2 million “pure” EVs in 2025 then it needs to build battery plant with that capacity. To put that into perspective, that would be a plant some four times the size of Tesla’s Gigafactory. Better get a move on then.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.