Summary

Tesla China

The 2 millionth Tesla vehicle has been officially manufactured at the Shanghai Gigafactory. In August, Tesla sold 84,159 electric vehicles in China, showing a year-on-year growth of 9.3% and a month-on-month increase of 31%. Specifically, sales of locally produced Model 3 and Model Y saw a significant rise of 30.9% compared to the previous month.

BMW Group Oxford Plant

BMW Group has announced a £600 million investment in its Oxford factory in the United Kingdom. Starting from 2026, this facility will produce two brand-new all-electric MINI models, with the aim of achieving full electrification of its iconic Mini brand by 2030.

Mercedes-Benz’s Sales Plan for Europe in 2030

Mercedes-Benz CEO Ola Källenius stated that the company does not expect to fully electrify its sales in Europe by 2030, but it is preparing to electrify its product lineup.Mercedes-Benz CEO Ola Källenius stated that the company does not expect to fully electrify its sales in Europe by 2030, but it is preparing to electrify its product lineup.

Volvo’s Transformation

Volvo has announced that it will cease production of all diesel models by early 2024 in order to transition into a fully electric vehicle manufacturer.

Tesla will source from India

Indian Minister of Commerce, Piyush Goyal, has revealed that Tesla plans to procure automotive components worth $1.7-1.9 billion from India this year.