FrankinCarp
Active Member
Hyundai is winding down ICE development teams to focus on EVs
https://t.co/ygvhUPGl6f
Sent from my iPad using Inside EVs
https://t.co/ygvhUPGl6f
Sent from my iPad using Inside EVs
Now This is significant!
- Thread starter FrankinCarp
- Start date
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It is a good-news and bad-new situation:
GOOD LUCK!
Bob Wilson
- good-news - an EV has more than an order of magnitude fewer moving parts
- bad-news - batteries and power EV electronics are not trivial
GOOD LUCK!
Bob Wilson
app's321
Member
Tesla Can't Keep Up
Tesla has a problem, but in some ways, it's a problem like having no place to store your collection of precious gems or being too good-looking. Kirkhorn explained the problem in his earnings call remarks.
Despite these increases in production and generally higher prices, our backlogs are continuing to grow and average customer wait times are extending. The only practical way to address this in the immediate term is to do everything we can to build more cars on our existing production lines, which is where we are focused. Similar dynamics are also playing out on our storage business as we are working to expand Powerwall and Megapack production as quickly as parts and cells allow us to do so. Additionally, we have made good progress on the in-house battery manufacturing program, and we're excited to have expanded the full self-driving beta program to more customers.
Basically, Tesla has more orders than it can fulfill and that runs the risk of creating unhappy customers. That's a problem created by great success but being back-ordered and unable to deliver does leave the company vulnerable to customers turning to rivals like Lucid Motors , which offers a comparably luxurious vehicle targeted at the same audience.
Don't Expect a $25,000 Tesla
Tesla has long promised to deliver a lower-priced vehicle, specifically one that hits the $25,000 price point. Its current production backlog makes that seem unlikely in the next year.
"We don't want to add any new vehicles to our lineup when we're generally in a cell-constrained world," said Vehicle Engineering Vice President Lars Moravy during the call. "While there is still more runway to grow these existing products, we are focused on Model Y expansion in Austin, Berlin, ramping S and X further in Fremont to restore to past levels while also growing 3 and Y production in Fremont and Shanghai. As we've mentioned before, after Model Y in Austin, our next product launch will be Cybertruck."
Basically, until Tesla can meet the demand for its existing (and future) high-end products, it's not going to put money or production effort into delivering a $25,000 version of the Model 3.
The Skinny is its a Close to $75,ooo Auto when you figure out the Services ya got to add for Charging ! U do know its a Plug in just like your Puter, phone or Kids Kindle !
Tesla has a problem, but in some ways, it's a problem like having no place to store your collection of precious gems or being too good-looking. Kirkhorn explained the problem in his earnings call remarks.
Despite these increases in production and generally higher prices, our backlogs are continuing to grow and average customer wait times are extending. The only practical way to address this in the immediate term is to do everything we can to build more cars on our existing production lines, which is where we are focused. Similar dynamics are also playing out on our storage business as we are working to expand Powerwall and Megapack production as quickly as parts and cells allow us to do so. Additionally, we have made good progress on the in-house battery manufacturing program, and we're excited to have expanded the full self-driving beta program to more customers.
Basically, Tesla has more orders than it can fulfill and that runs the risk of creating unhappy customers. That's a problem created by great success but being back-ordered and unable to deliver does leave the company vulnerable to customers turning to rivals like Lucid Motors , which offers a comparably luxurious vehicle targeted at the same audience.
Don't Expect a $25,000 Tesla
Tesla has long promised to deliver a lower-priced vehicle, specifically one that hits the $25,000 price point. Its current production backlog makes that seem unlikely in the next year.
"We don't want to add any new vehicles to our lineup when we're generally in a cell-constrained world," said Vehicle Engineering Vice President Lars Moravy during the call. "While there is still more runway to grow these existing products, we are focused on Model Y expansion in Austin, Berlin, ramping S and X further in Fremont to restore to past levels while also growing 3 and Y production in Fremont and Shanghai. As we've mentioned before, after Model Y in Austin, our next product launch will be Cybertruck."
Basically, until Tesla can meet the demand for its existing (and future) high-end products, it's not going to put money or production effort into delivering a $25,000 version of the Model 3.
The Skinny is its a Close to $75,ooo Auto when you figure out the Services ya got to add for Charging ! U do know its a Plug in just like your Puter, phone or Kids Kindle !
I'll wait for the Q4 2021 financial report the end of January 2022. Just one data point about buying my Tesla in 2019:
- $24,000 (including taxes and fees) Tesla Model 3 Standard Range Plus - traded in a 2017 Prius Prime and got $18,300 off the $41,000 = $22,700
On December 17th, Hyundai Motor Group eliminated its Engine Development Center and officially cancelled the release of future models powered by internal combustion engines.
The group carried out the largest-ever reorganization of its R&D headquarters on Dec. 17. The Namyang Research Institute has and is a key organization that serves as the brain of Hyundai Motor Group.
At the same time, it transferred 12,000 Research & Development personnel into the company’s Electrification Development Team, which is now fully dedicated to R&D for electric vehicles. The automaker also decided to focus on securing battery technology by establishing an in-house Battery Development Center.
Hyundai Motors has also streamlined all of its R&D departments to shorten its electric vehicle development schedule as much as possible.
Source:
https://victoriaevclub.com/hyundai-ceases-future-ice-development/