Tesla enters into agreement with Chinese lenders for Gigafactory

Tesla Inc has signed an agreement with lenders in China for a 12-month facility of up to 3.5 billion yuan ($521 million) for the electric carmaker's Gigafactory in Shanghai. The facility is expected to be completed by May and would cost around $2 billion to Tesla. With the on-going US-China trade war Tesla was forced to adjust prices of its US made cars in China and now with this agreement it would be able to reduce the trade war impact by producing cars locally. It would also help Tesla to fend off price competition from a swathe of Chinese EVs start-ups such as Nio Inc, Byton and XPeng Motors.

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Tesla plans to enter India this year or next

Tesla have chief officer tweeted that he would love to be in India this year or max by next year. Same Musk 10 months back had blamed restrictive policy of India for delaying carmaker’s entry into world’s 4th largest automobile market. The Narendra Modi-led government has been wooing Tesla to set up a factory but Musk has held back citing challenging government regulations as hurdles and in the past had sought temporary waiver on import penalties and other restrictions until a local facility is built. After 4 years planning Tesla started its first car manufacturing unit outside US in China at a cost of $5 billion. India has a paltry 6,000 passenger EV on its roads, compared with China’s 1.35 million. Though India is a promising market for EV maker but it lags behind China and is plagued by minimal government support for cleaner technology and paucity of charging stations. To read more articles about TESLA visit: https://www.a...

Microdots technology to make car almost theft proof

To counter car thefts, Indian govt has decided to adopt microdots technology which is widely used in several counties including South Africa and the US. The vehicles stolen go untraced since auto-lifters take out the engines & other valuable parts before destroying the vehicles. Microdots is a technology in which thousands of micro dots are sprayed over the body of vehicle. These small laser-etched dots contain nano-size (0.5 mm) particles that carry information like unique number and vehicle identification number. These dots can be seen by using UV light and since the dots are sprayed throughout the vehicle body, it becomes easy to trace the vehicle as even a small part of the dismantled car can be used to trace the stolen vehicle. The government plans to roll out the technology as an optional system initially and the price of this feature is likely to be around Rs 1,000. The car, truck or bus would require at least 10,000 microdots, while at least 5,000 such dots would be neede...

Nandan Nilekani on Self-drive cars and e-vehicles future in India

The Infosys co-founder believes that India needs disruption right now to tackle smoggy skies, snarling traffic jams and rising population which has become hallmark of every metro city in the country. As per him the problems have become too big and the “chalta hai” attitude would not work anymore. The current technology advancements do not offer a solution to the struggles of navigating India’s urban maze and it is high time for marriage of tech-driven transit solutions like self-drive cars, electric vehicles and public transport with ride share to provide the solution. Given its population density, mass transit systems are the need of the hour in India and car-pooling must be encourage to eliminate personal automobile ownership. To read more about future electric vehicles click on: https://www.autojobs4u.com/autojobs4ublog/articles/Electric-Vehicle-Segment-to-generate-10-million-jobs.php #autojobs4u #Self-drivecars #EV #India #Automobileindustry #Automotiveupdates

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