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11 July 2018 | It’s Official! Tesla Shanghai Will Build 500k Cars Per Year, Chinas First Battery Factory In Europe and Mercedes Electric Bus Goes Solid State: Tesla To Build Gigafactory 3 In Shanghai | Mercedes eCitaro Is An Fully Electric City Bus | Volkswagen Expands "Roadmap E" Initiative In China | China's CATL Builds First European EV Battery Factory In Germany | DHL Offering New Yorkers Free Zero-Emission

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Well good morning, good afternoon and good evening, wherever you are in the world, hello and welcome to the Wednesday 11th July edition of EV News Daily. It’s Martyn Lee here with the news you need to know about electric cars and the move towards sustainable transport.   An update on a story I mentioned briefly yesterday...with many news outlets confirming the news such as Bloomberg saying "Nissan Motor Co. said it will investigate instances of misconduct involving falsified data about exhaust emissions and fuel economy, the second controversy in less than a year for the automaker whose vehicle-inspection scandal had led to the recall of about 1.2 million vehicles. The data falsification...occurred on 19 models across five plants in Japan. During the checks, Nissan found out that employees misrepresented temperature and humidity data in the testing chamber and manipulated emission data on carbon monoxide and carbon dioxide. The automaker has hired a law firm to investigate the matter further."   TESLA TO BUILD GIGAFACTORY IN SHANGHAI We knew it was coming, just a matter of when not if, and it has just been confirmed Tesla will build a factory in Shanghai, the city government announced. WSJ said: "The electric-car maker will set up a plant with an annual capacity of 500,000 vehicles, the Shanghai authorities said in a statement. Tesla Chief Executive Elon Musk was in Shanghai to sign a memorandum of cooperation with Mayor Ying Yong". But why build a factory there? Once Tesla Shanghai has the new Gigafactory at capacity, they'll be building half a million cars for the Chinese market without paying the new import duties. Plus they could move the cheaper cars, like base Model 3 and base Model Y to be built there with lower costs, to increase margins. We know that Freemont is full and Elon has said in the past the Model Y won't be built there. Tesla said in a statement to Bloomberg: "We expect construction to begin in the near future after we get all the necessary approvals and permits. From there, it will take roughly two years until we start producing vehicles and then another two to three years before the factory is fully ramped up to produce around 500,000 vehicles per year for Chinese customers. Tesla is deeply committed to the Chinese market, and we look forward to building even more cars for our customers here. Today’s announcement will not impact our U.S. manufacturing operations, which continue to grow.” "Tesla’s lone car-assembly plant is in Fremont, California, where it’s built about 88,000 cars through the first half of this year, and it has a giant battery factory in neighbouring Nevada. After moving ahead in China, the world’s largest market for electric vehicles, Tesla has said it will reveal plans toward the end of 2018 to build a plant in Europe." Although this isn't a financial podcast and I never pretend to understand the finer subtleties of a balance sheet, TEsla has $2.7bn in cash at the end of Q2 2018, with a plan for the Model 3 to make them profitable between now and the end of the calendar year. China has been an investor in Tesla before, with Tencent Holdings Ltd. spending $1.8 billion to buy a 5 percent stake in March 2017.   MERCEDES ECITARO IS AN FULLY ELECTRIC CITY BUS At a major launch event yesterday, Mercedes revealed their all electric eCitaro bus. They said the powertrain has electric motors at the wheel hubs. Lithium-ion batteries with a total capacity of up to about 243 kWh provide the power. The range is 150km. They are modular in design: the batteries are split between up to ten modules, each supplying around 25 kWh. As well as two battery modules on the vehicle roof, the standard equipment includes four modules in the rear of the bus. In the eCitaro, these are taking the place of today's powertrain combination of combustion engine and transmission. Depending upon customer requirements, another two or four battery modules are mounted on the roof of the eCitaro. They're using prismatic cells

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