[International News] Tesla may launch a modified Model Y in Q1 next year; Polar Star lost US$242 million in the second quarter

Focusing on electrification, it is rumored that Tesla’s Shanghai factory will start producing a seven-seat Model Y in October.

It is reported that Tesla will produce a seven-seat Model Y at its Shanghai factory and will be sold in China and Europe in October.

Market sales has now completed the certification required for its upcoming release in Europe.

Tesla may adapt to the Model Y in the first quarter of next year.

News from Tesla’s China supply chain said that the modified model of Tesla’s Model Y will be launched in the first quarter of 2025.

It is reported that Tesla plans to deliver two improved Model Y models next year.

Among them, the 5-seat Model Y model codenamed “Juniper” is expected to be delivered in the first quarter, and the other, the 7-seat Model Y model, is expected to be delivered in the fourth quarter.

Demand for electric vehicles slowed, and Gestar lost US$242 million in the second quarter.

As competition intensified, high costs and demand for electric vehicles slowed, Swedish electric vehicle manufacturer Gestar reported another quarterly loss.

In the second quarter of this year, Jixing’s operating loss reached US$242.

3 million, slightly lower than the same period last year.

Revenue fell 17% year-on-year to $574.

9 million.

, CFO of Jixing: Tariffs will only harm European car companies and industries.

Per Ansgar, chief financial officer of Jixing, said that the recent high tariffs imposed by the European Union, the United States and Canada on Chinese-made electric vehicles have prompted many automakers to accelerate the transfer of some production to other countries.

These tariffs will not protect local companies in Europe and the United States, but will harm European companies that invest in technology and create jobs in Europe.

Focusing on new trends in traditional car companies, Toyota Motor’s global production and sales fell slightly in July.

On August 29, Toyota Motor said that in July this year, due to the decline in production in markets such as China and Thailand, its global production (Excluding its subsidiaries Daihatsu Motors and Hino Motors, but including luxury brand Lexus) fell for the sixth consecutive month, down slightly 0.

6% year-on-year to 804,610 units.

global sales also fell slightly 0.

2% year-on-year to 857,982 units during the same period.

Hyundai Motor wants to build India into an electric vehicle export center in Southeast Asia.

Three people familiar with the matter revealed that Hyundai Motor is evaluating plans to build India into an electric vehicle export center in South Asia.

The company will first launch its first electric vehicle produced in India early next year.

Car, and plans to launch four more electric vehicles before 2030.

Focus on intelligence, British autonomous driving technology startup Wayve received investment from Uber.

On August 29, British autonomous driving technology startup Wayve announced the establishment of a new strategic partnership with Uber.

Uber also agreed to make a strategic investment in Wayve as an extension of the company’s previously announced Series C financing, but the size of the investment was not disclosed.

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Link to this article: https://evcnd.com/international-news-tesla-may-launch-a-modified-model-y-in-q1-next-year-polar-star-lost-us242-million-in-the-second-quarter/

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