All posts in Electric vehicles
Tesla reports record production, with shares on the rise
Tesla produced a record number of vehicles in last year’s fourth quarter, meeting their year-end goal, according to Bloomberg, sparking optimism among investors. Tesla’s annual deliveries for 2019 increased by about 50 percent from the year before. Production also included 1,000 cars from a new factory in Shanghai, with deliveries to Chinese customers starting last month. […]
Volkswagen aims to surpass Tesla with expanded production of electric cars
Volkswagen is stepping up electric car production to compete with Tesla, aiming to produce roughly 1 million electric vehicles by 2022, according to Reuters. Production will be concentrated at two factories in China, with a combined production capacity of 600,000 vehicles. Tesla is building its own new plant in Shanghai, as part of an effort to […]