EV Morning Post | Xiaomi Auto Listing Shock Wave (Continued): April 1 Becomes “double 11” and “618” in Auto Industry; BYD Dynasty and Ocean Target 3.3 million sets of annual sales, and the focus of 2024 shop opening shifts to county seat

▌ Highlights,
, ▌Millet car listing shock wave (continued): april 1 Becomes “double 11” and “618” in Auto Industry”, ○Xiaomi Automotive asks suppliers to increase production capacity to monthly production10000 First Financial News,, Xiaomi recently asked suppliers to increase production capacity to a monthly production of 10000 vehicles, of which the high-end models were asked to focus on increasing production capacity. According to the original production plan, Xiaomi will produce more than 3000 cars by March this year, climbing to 4000-5000 cars by April, and then stabilizing to 6000 cars by the end of the year. However, the recent market sales of Xiaomi cars exceeded expectations. As of the early morning of April 2, the number of Xiaomi SU7 locks had reached 40000. According to the previous production plan, the delivery cycle of Xiaomi SU7 can only be extended continuously. In this regard, millet car responded that the company is to enhance production capacity, speed up delivery., April 2nd, millet CEO Lei Jun released an open letter, announced tomorrow will be in Beijing Yizhuang millet car factory held millet SU7 first delivery ceremony,Nationwide twenty-eight cities will also start delivery tomorrow.“After 3 years of hard work, we can finally put this highly anticipated model into users’ hands“,Lei Jun said,“It’s an exciting day“., ○Exposure lock quantity approaching40000April 2, Car fansPublishXiaomi SU7Store Express,saidXiaomi‘s SU7 stores have accumulated 1800~2000 units, with an average daily increase of 700~1000 batches. The withdrawal rate and the lock rate are both about 40%.and calculate,If the large 90000 as the base for calculation, then millet SU7 current lock single volume should be in 36000 copies, much higher than the previous online circulation of 20000 copies of the lock single volume., ○Xiaomi Stock Price april 2 surge, Wall Street liftsRatingTo“Super match”, on April 2, the Hong Kong stock Xiaomi Group’s share price opened 14.99 percent higher, then fell back.Closing price of 16.28 yuan,Rising8.97percent. The latest research report of Goldman Sachs pointed out that Xiaomi SU7 will become the top three high-end car models in China. By 2030, electric vehicle revenue is expected to account for 30% of Xiaomi’s total revenue. Goldman Sachs raises Xiaomi target price to HK $20 from HK $18.9. Morgan chase also said recently, millet SU7 pricing attractive and scale advantage,GivingMillet’s“Overmatched” rating.in addition,JPMorgan Chase released a report in, saying that Xiaomi Group (01810.HK) electric car SU7 has an attractive pricing and strong specifications. It believes that SU7 has a strong start and has received 50000 orders in 27 minutes of pre-sale (in contrast, Zeekr 007 reached 50000 only on the 40th). JPMorgan Chase said that although Xiaomi’s electric vehicle business will lose money in the first few years, investors are expected to focus on electric vehicle sales momentum to prove that its electric vehicle development strategy is becoming more and more accepted, so it maintains its overweight rating with a target price of HK $21., ○Follow up on price reduction subsidies the brand expands14, turned into a car on April 1industry’s“Double 11” and “618”, the first electric on April 2, it was reported that before and after April 1, the number of car brands that followed up price cuts or subsidies had expanded to 14. They are: ask the boundary, weilai tucki, Krypton, Avita, wuling, Hao Bo, rongwei, the east wind is popular, FAW Toyota, FAW the public, geely, chery, SAIC Audi.1. Ask the boundary:New Asking Boundary M7 has a limited-time discount of 1-20000 yuan, of which the entry-level model 1.5T rear-drive Plus version 5-seat version can enjoy a 20000 yuan discount, as well as a car paint matching right worth 6000 yuan. The guiding price is 249800 yuan, and the price after the discount is 229800 yuan. The 1.5T smart drive rear drive Max version 5-seat version can enjoy a 10000 yuan discount, with a guiding price of 289800 and a discount price of 279800., 2,Weilai:Launch the highest the replacement subsidy of 1 billion yuan for oil vehicles and the replacement of Weilai new vehicles can enjoy the optional subsidy of 10000 yuan, which is applicable to 2024 models of Weilai, so as to attract users of oil vehicles who are ready to change vehicles., 3,Xiaopeng:Xiaopeng G9 opens a time-limited discount, and the car is entitled to a smart driving subsidy. The current car is reduced to a high of 20000 yuan for a time-limited period, and the starting price after the subsidy is 243900 yuan. In addition, there is an optional discount for the highest value of 8000 yuan. The color of interstellar green and xingque gray cars is limited to 50%, which is worth 3000 yuan. The intelligent double-cavity air suspension is limited to 20%, which is worth 5000 yuan., 4,Extremely Krypton:007 rear drive enhanced version of polar krypton is officially on the market at a price of 209900 yuan. At the same time, Krypton 007 has also introduced limited-time car purchase rights. The rear-drive enhanced version, the rear-drive intelligent driving version, the four-drive intelligent driving version and the four-drive intelligent driving version can be equipped with a clear sky blue/dawn brown exterior decoration combination free of charge. The limited-time optional price of the 100 kW-time ternary lithium battery package is 20000 yuan. The rear-drive enhanced version, four-wheel drive version and four-wheel drive performance version can get NZP high-speed autonomous navigation assistance for 1 year of functional experience, and the rear-drive smart driving version and four-wheel drive smart driving version can get ZAD full intelligent driving assistance system lifetime functional experience., 5,Avita:Avita‘s 11-thousand-li smart driving payment, the latest sales policy: the first owner’s lifetime three-electricity warranty, 5000 deposit deduction for 55000 car payment, financial car purchase time-limited policy and 6000 yuan replacement time-limited subsidy are newly released, and the car purchase policy ends on April 24., 6,Wuling: Wuling Plantronics Launches Sincere Price, Supreme Discount10000 yuan, of which: 203km light 55800 yuan, 203km comfortable 61800 yuan, 333km fast 66800 yuan, 333km pleasant +70800 yuan, 333km rhinoceros interconnection +74800 yuan, 410km rhinoceros exclusive 83800 yuan. From now until April 30, the next order will be superimposed to enjoy the triple gift of car purchase, including the free gift: financial discount or replacement policy 2000 yuan/Taiwan (one out of two); Worry-free gift: 3.5kW exchange charging pile; Guarantee gift: the first non-operating car owner three electric lifetime warranty., 7,Hao Bo:On March 29,, Hao Platinum HT and Hao Platinum GT went online to enjoy the rights and interests of the highest value 59000 yuan for a limited time. Among them, Hao Bo HT models, from now until 24:00 on April 30, can enjoy life-long free charging with a value of 20000 yuan, life-long free maintenance with a value of 6000 yuan, life-long free delivery with a value of 6000 yuan. In addition, they can also enjoy a 3-year 150000 zero interest financial subsidy/replacement 10000 yuan relief with a high value of 15000 yuan (one of two); A free luxury exclusive package worth 12000 yuan (Nappa leather seats, front seat massage, rear seat heating). As well as including lifetime three-power warranty, ultra-long vehicle warranty, etc.,, 8,Roewe: 4On 2, March, the Rongwei D7 EV model launched a limited-time discount, which was greatly reduced by 20000 yuan. After the discount, the selling price range was 12.98-156800 yuan. At the same time, the government also launched six courtesy, including financial gift, new gift, purchase gift, warranty gift, flow gift and charging gift., 9,is popular with Dongfeng: Dongfeng is popular with Thunder 410 Power Edition and 410 Power Edition Plus models are officially on the market, selling for 99800 yuan and 109800 yuan. The new car is positioned as a compact pure electric SUV, equipped with lithium iron phosphate batteries, and has a pure electric endurance of 410km under CLTC conditions. The strength version further lowers the starting price of the popular Thunder model., 10,FAW Toyota: on April 1Open trade-in2 billion Juhui activities, car buyers enjoy the highest replacement subsidy of 16000 yuan. At the same time, the government provides a variety of financial products with 0 down payment and 0 interest rate. The activity time is from April 1 to 30., 11,faw-volkswagen:Time-limited additional cash subsidy for the whole system to the highest level5000 yuan; The whole department has a time-limited additional replacement subsidy to 4000 yuan. The whole department is entitled to a time-limited replacement subsidy of up to 24000 yuan. The Tanyue family and Magotan enjoy commercial insurance exemption. Scrapped cars are entitled to the same amount of replacement subsidy within a limited time. For the first time, I went to the store to test drive Huawei Mate60 Pro., 12,Geely:A variety of its models can enjoy trade-in to high-cut53000 yuan, Geely Huanxin price 29900, new financial gift to high 100000 interest-free loan., 13,Chery:The has announced a 10 billion subsidy replacement season policy, which will exempt the purchase tax for designated models for a limited period of time. At the same time, it will provide old cars up to a high 30000 yuan and a large 49999 yuan car purchase voucher. This ten billion subsidy replacement season activities include Tiggo 8 PRO champion version, Tiggo 8 PLUS champion version, Tiggo 9, Erez 8 high-energy version and exploration 06 and many other popular models., 14,SAIC Audi:April 1 release Audi Q6 limited-time car purchase preferential policy, can enjoy 66000 yuan to high gift, as well as up to 10000 yuan to increase the purchase subsidy, the activity period is April 1, 2024-April 30, 2024., ▌BYD dynasty, Ocean Annual Sales Target3.3 million units, the focus of 2024 shop opening turned to the county seat, according to financial magazine, BYD recently set the internal sales target of Dynasty and Ocean Network for 2024. The sales target of Dynasty Network is 1.7 million vehicles and that of Ocean Network is 1.6 million vehicles. This target does not include overseas markets. Dynasty net will intensify efforts to develop the county-level and other sinking markets, and increase the number of stores in the county-level market, with the aim of eating more shares of fuel vehicles., ▌Tesla first quarter deliveries down year-on-year8.5 per cent, down 20 per cent from the previous month., the financial world news, Tesla on Tuesday released the first quarter of 2024 car production and delivery report, showing that the delivery volume is down 8.5 percent from the same period last year, down about 20 percent from the fourth quarter. Data show that the company’s car production in the first quarter fell 1.7 per cent year-on-year and 12.5 per cent month-on-month. Tesla did not break down sales by model, but reported that it produced a total of 412376 Model 3 /Y vehicles and delivered 369783 in the first quarter. 20995 other models were produced and 17027 were delivered., Last year’s first quarter, the electric car maker reported deliveries of 422875 vehicles and production of 440808 vehicles. In the fourth quarter of 2023, Tesla reported 484507 deliveries and 494989 production. Tesla’s first-quarter vehicle deliveries were even below analysts’ minimum expectations., the average of 11 estimates compiled by FactSet, analysts expect the company to have delivered about 457000 vehicles as of March 31. Estimates for the first quarter ranged from a high of 511000 vehicles to a low of 414000 vehicles, with estimates updated in March between 414000 and 469000 vehicles.,
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, ▌“Far ahead” said a fine of 10,000? Yu Chengdong responded:RumorsAnhui Daily Yuan News News, , “far ahead” is a common word used by Yu Chengdong at Huawei’s press conference to describe the gap between competitors and their own products. Today, the entry “Ren Zhengfei is rumored to be far ahead of the ban and a fine of 10,000” suddenly posted a hot search on Weibo, causing heated discussion among netizens.The cause of the incident was a media report that Zhao Hejuan, founder of Titanium Media, said that according to reliable sources, Ren Zhengfei gave Yu Chengdong a letter within Huawei.“Ban”, every mention of “far ahead” fined ten thousand. In response, “Yuan News” asked Yu Chengdong for confirmation, and Yu Chengdong replied on WeChat that it was a rumor. Yu Chengdong said that in fact, it is not easy to be “far ahead”. Behind every lead is Huawei’s R & D and innovation, strong technology investment and our continuous efforts., eye on intellectual property information shows that last year in September, Huawei Technologies Co., Ltd. applied for the registration of two “far ahead” trademarks, which are internationally classified as scientific instruments and means of transport. According to the trademark process information, in January this year, the above two trademarks were withdrawn and are currently invalid., ▌Anhui Jianghuai Automobile Group former party secretary, director An Jin under examination and investigation, on April 2, the website of the Central Commission for Discipline Inspection and the State Supervision Commission, according to the Anhui Provincial Commission for Discipline Inspection, AnhuiJianghuaiAutomobile Group Holdings Co., Ltd. Former Party Secretary, DirectorChang’anJin is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Anhui Provincial Commission for Discipline Inspection., ▌Chang’an Qiyuan A total of 15228 vehicles were delivered in March.April 2, Chang’an, Qiyuan Official Bo announced that 15228 vehicles were delivered in March, with cumulative sales exceeding 70000 vehicles. At the beginning of March, Chang ‘an Qiyuan A07 Zhenxiang Edition was completed and launched with a total of 3 models, with the selling price range of 13.59-159900 yuan. Meanwhile, Changan Qiyuan E07 will go into full production on May 30., ▌Delivery upon listing which? L will be officially listed in April, a few days ago, the car quality network learned from the official Nezha car that Nezha L will be officially listed in April and will be delivered upon listing. The new car is based on the Shanhai 2.0 platform and is positioned as a medium-sized SUV, offering two power options: pure electric version and extended range version. At present, the first batch of L production cars have been officially offline., Yi Che News, On April 2,, GAC Trumpchi announced sales data for March. In March 2024, GAC Trumpchi sold 33213 vehicles and 13018 high-value flagship models, accounting for 39%., ▌GAC Anan and Didi Chuxing set up Andi Technology Company, E Company of the Securities Times reported that Guangzhou Andi Technology Co., Ltd. was recently established with a registered capital of 0.42 billion yuan. Its business scope includes: Internet of Things application services; Sales of artificial intelligence hardware; Artificial intelligence public data platform; Research and development of auto parts; Retail of auto parts, etc. Enterprise check equity penetration shows that the company is jointly held by GAC EAN New Energy Automobile Co., Ltd. and Didi affiliate Beijing Hangji Technology Co., Ltd., ▌Pole Krypton Zhao Yuhui: Accelerating“Thousands of Stations and Ten Thousand Piles”Plan, Objective2026 coverage rate rose to more than 95% China Economic Network on April 2,The vice president of extreme krypton intelligent technology revealed that at present, extreme krypton is accelerating according to the “Thousand Stations and Ten Thousand Piles” plan, the number of pole filling stations is expected to reach 1000 by the end of 2024, and the total number of pole filling piles is expected to reach 10000 by 2026. At the same time, the goal of the “1515 to facilitate electricity” plan is to cover 75% of krypton car owners by the end of 2024, and the coverage rate will be further increased to more than 95% by 2026., fast Technology on April 2, Kevin, senior director of human resources of Weilai, said in a post on Weibo a few days ago: Join Weilai’s new brand ONVO Ledao and control your future. Ledao is in hot recruitment nationwide. Later, Shen Fei, vice president of Weilai, forwarded it and said: ONVO Ledao is an electric car that can change electricity. Selling more Ledao is also to help more users stay away from mileage anxiety. According to the recruitment poster released, Ledao Brand is recruiting personnel such as market leaders, store managers, social media operations, social media communication, marketing activities, marketing planning, live broadcast leaders and integrated marketing of models in Ledao District. Work locations include Beijing, Shanghai, Shenzhen and other first-tier and new first-tier cities. Previously, the founder of Weilai li Bin it was revealed that the trial production of Ledao’s first model was offline in October 2023 and is scheduled to be released in mid-May 2024, listed in the third quarter and delivered in the fourth quarter., sanyan Technology on April 2, it was reported from the media today that Liu Yilin, senior director of Xiaopeng’s automatic driving products, will leave his post. At present, this change has been announced internally. The report also mentioned that after Liu Yilin leaves office, he may join Avida and go to Wu Xinzhou., in response, Liu Yilin said on Weibo: Thank you for your attention. Phone calls and WeChat have been non-stop. At present, any“Joining other companies” are all false information. Everyone eats melons rationally and pays attention to the development of the automobile industry and the progress of smart driving technology., it is worth noting that he only denied joining other companies as false news, but did not directly respond to whether to leave. He still forwarded the propaganda content of Xiaopeng’s car on Weibo., ▌News said Chery will push new energy brand“Yue Ji”, the first car will be listed at the end of the year.36 krypton, news,CheryThis year, Q3 will release a new new energy vehicle brand, brand name or “Yueji”, the first car will be listed at the end of the year.Chery has been to apply for registration of the “Yue Ji” trademark since January 18,, which is internationally classified into 12 categories (means of transportation). The report quoted people familiar with the matter as saying that Chery has been planning a new brand for about a year, and its first model, code-named T1GC, is a hybrid compactSUV, will be equipped with a large model of xunfei xinghuo, equipped with Chery’s latest chassis. At present, Chery Research and Development Institute is inviting public bidding for T1GC’s front bumper body injection mold, rear bumper body injection mold and other parts suppliers.The new brand will be designed, developed and marketed by Chery‘s O & J division in. A person familiar with the matter said that the brand has started the investment promotion work, and the city store planning consists of a full-function store + multiple experience centers., ▌FAW Jiefang: Set up at least five overseas branches in the future, Securities Times e Company News,On April 2,, at the 2024 media communication meeting of FAW Jiefang, the company’s management revealed that in the next few years, FAW Jiefang will set up at least five overseas branches to achieve localization of R & D and localization of marketing. Subsequently, FAW Liberation will also lay out the European market., ▌GAC EAN Layout“Thailand + Indonesia” factory, GAC EAN official Wei announced that GAC EAN is in signed a strategic cooperation agreement with Indonesia’s INDOMOBIL Group on April 2, marking its official entry intoSoutheastThe largest automotive market. This cooperation not only further consolidates GAC EAN’s“Thailand + Indonesia” dual plant strategic layout, but also for southeast the sub-market has brought more new energy vehicle options.According to the cooperation plan of both parties, GAC E’an will carry out all-round strategic cooperation with INDOMOBIL Group in the fields of vehicle manufacturing, automobile sales services and finance, energy ecology, travel market, upstream and downstream of the industrial chain, etc., to provide Indonesian consumers with more reliable quality, technology and intelligence The new energy products of the company will jointly create a high-quality new energy travel life and promote the development of the new energy vehicle industry in Indonesia and even Southeast Asia., the implementation of GAC’s globalization strategy is accelerating. The Southeast Asian market has made significant progress in ASEAN markets such as Thailand, Malaysia, Singapore, Cambodia, Vietnam, and the Philippines, and has invested in the construction of the first overseas manufacturing base in Thailand. In the future, GAC EAN will further accelerate its global layout and build global production and sales bases in Asia Pacific, Europe, the Middle East, America and other places., ▌Lotus technology Company Capital Increase3 billion, eye Check App shows that recently, Wuhan Lutes Technology Co., Ltd. has undergone industrial and commercial changes, and its registered capital has increased from 1.6 billion RMB to 3 billion RMB. It is worth mentioning that in early March, the company’s registered capital has just increased from 1.35 billion yuan to 1.6 billion yuan. Wuhan Lutes Technology Co., Ltd. was established in December 2020, the legal representative is Feng Qingfeng, the scope of business includes road motor vehicle production, artificial intelligence application software development, semiconductor device special equipment sales, integrated circuit chip design and service, new energy vehicle sales. Shareholder information shows that the company is wholly owned by LOTUS ADVANCED TECHNOLOGY LIMITED.,▌Travel Federation Cui Dongshu: Car Price Reduction for Old Owners Is Huge Harm, April 2 news, April first day, ask the world,WeilaiandTesla.have launched a series of preferential policies. Among them, the inquiry announced that the new M7 entry version will drop directly to 20000 yuan. Wei Lai Offers Up to 1 billion Yuan Oil Vehicle ReplacementSubsidies; Tesla domesticModel Yprices “up and down”. The move caused concern in the industryIn response to this phenomenon, Cui Dongshu, secretary-general of the Travel Federation, said that as car companies have changed from high prices to low prices, from technical competition to price competition, the price premium ability of corporate products has dropped significantly, so it is impossible to avoid backstabbing old car owners. phenomenon. He said,“It must be a huge injury to the old car owner”.still, consumers will be able to get more affordable prices at this stage. However, the price war will also have a negative impact on the sea. Cui Dongshu pointed out that there may be obstruction and discredit against Chinese car companies in other countries, and may even adopt more stringent control measures such as inflation bills or tariffs to prevent Chinese products from entering their markets. He suggested that Chinese car companies should be prepared and actively explore overseas markets.,
, ▌ International,
, ▌Musk the deployment of “Star Chain” in Italy was blocked by the local telecom giant. Land Rover“Financial Union,, April 2,Elon · Musk (Elon Musk) space exploration company SpaceX’s high-speed satellite Internet service “Starlink (Starlink)”, high-speed network deployment in Italy is not smooth. Last week, Starlink wrote in a complaint filed with Italy’s communications regulator that the failure of Telecom Italia, the country’s largest telecom operator, to share critical wireless spectrum data had seriously hampered the deployment of its new gateway equipment., ▌Musk image or pull low Tesla reputation? Survey shows that the United States users on Tesla purchase interest fell sharply, the prospective network April 2 news,Recently, according to market intelligence firm Caliber, the number of potential U.S. buyers for Tesla cars is shrinking, according to a survey that attributed the decline in part to the company CEO Elon Musk’s polarizing and controversial image. The Caliber results report shows that the “consider buying score” for Tesla fell 8 percentage points to 31% in February, compared with the 70% score Caliber first tracked in November 2021, which is more than twice as high as it is now., Caliber analysis believes that Tesla’s reputation is strongly related to Musk’s reputation. Caliber CEO Shahar Silbershatz said that Musk himself likely affected Tesla’s reputation because 83% of Americans associate him with the company., Brand, a brand value consulting firm in, Finance found that Tesla’s reputation will decline in 2023 in the United States, the Netherlands, France, the United Kingdom and Australia. In the U. S., results of a survey by consumer analytics firm CivicScience showed that 42 percent of respondents had an unfavorable view of Musk in February, up from 34 percent in April 2022, when Musk disclosed its stake in Twitter., ▌Ultraman no longer owns OpenAI Venture Capital Ownership, the sina science and technology April 2nd news,, according to Axios, the U.S. Securities and Exchange Commission (SEC) documents show that OpenAI changed the governance structure of its venture capital fund that invests in artificial intelligence startups, and its CEO Sam Altman (Sam Altman) no longer owns or controls the fund. The changes were filed on March 29. Altman’s ownership of the OpenAI Startup Fund has raised concerns about its unusual structure. Although the fund claims to be similar to the company’s venture capital division, it is funded by Altman from external limited partners, and investment decisions are led by Altman. OpenAI, for its part, said that despite the ownership, Altman did not derive any financial benefit from it., ▌rental prices as low as $/h! Nvidia A800 doesn’t smell good anymore?, Science and Technology Daily,, in the hot computing industry, the reporter recently learned that the rental price of the popular computing card Avida A800 is only 2 yuan/hour. At the same time, after last year’s sharp rise in server rental prices, the prices of products of different specifications have dropped to a certain extent this year. A number of computing power leasing industry enterprises said that the first quarter of this year, computing power leasing supply and demand is still tight. Another industry analyst said that the supply and demand structure of the computing power leasing market is gradually adjusting, and for small and medium-sized enterprises and research institutions with AI computing needs, the cost input will be improved., ▌OpenAI: Users do not need to register to use ChatGPT Shanghai Securities News,The official website of OpenAI, an artificial intelligence company in, announced that starting from April 1, local time, users can use ChatGPT directly without registering for the service, which will make it easier for people to experience the potential of artificial intelligence. According to OpenAI, more than 0.1 billion people in 185 countries use ChatGPT every week to learn new things, find creative inspiration and get answers to questions., ▌News that Tesla plans to use new car assembly technology, is expected to significantly reduce production costs IT Home News,Tesla.has always been known to subvert tradition, and its integrated die casting technology is a good example. A few days ago, according to insideevs reports in, Tesla plans to implement a new car assembly method, which they believe will help reduce costs and simplify the assembly process. This method is called “deconstruction (unboxed)” assembly technology, which will abandon the traditional assembly line operation method and no longer allow the car body to pass through each station in sequence along the assembly line like a box for parts assembly. Tesla’s “deconstructed” approach is to assemble different parts of the car at the same time in different areas of the factory, and then put several large subassemblies together at the end. According to the report, this method can reduce production costs by half, and for the same output, the required factory space is about 40% less than that of a traditional car factory. If it is true, it is bound to greatly reduce Tesla’s manufacturing costs, thereby achieving a reduction in the price of the entire vehicle., Tesla CEO ElonMusk.has repeatedly hinted that this new production method will be adopted, but did not disclose specific details. So far, he has only mentioned that the new technology used to produce the upcoming model, which will cost $25000, will be “revolutionary” and “much more advanced than any car manufacturing system in the world”. The affordable Tesla model is expected to start production (or at least launch) in late 2024 or early 2025, and Musk also confirmed that the project is “very close to completion,” but did not disclose further details., the returns to the first electric network home>