Great Wall Motor's acquisition of GM's Indian plant was postponed | the First Financial Automobile Daily Review

Great Wall Motor's acquisition of GM's Indian plant was postponed

According to foreign media reports, Great Wall Motor extended the period of acquisition of GM's plant in Talegaon, India, by three months until March 2022, and extended the investment period until June this year. This is the second time the two companies have extended the term of the acquisition, after the agreement was extended from the first half of 2021 to the end of 2021. The extension comes as GM's labor dispute with workers at its Plant in India escalates further.

Yicai Comments: As early as January 2020, Great Wall Motors' plan to acquire GM's Indian plant was proposed, and according to the agreement signed by the two parties at that time, the acquisition was originally planned to complete the acquisition process in the second half of 2020. However, due to many factors such as the epidemic and policies, the project was subsequently shelved several times. Earlier, it was also reported that Great Wall Motors had reallocated some of its investment to the Brazilian market due to the setback in the Indian market. However, Great Wall Motors denied the news. Due to the large population, the development of the Indian car market is full of potential, and many car companies have a layout in India. However, there are many uncertainties in the overseas movement of car companies, so they also face certain risks.

Tesla's Berlin plant was approved to produce 2,000 test vehicle bodies

According to foreign media reports, Tesla has obtained special approval from the Environment Ministry of the German state of Brandenburg to produce 2,000 Model Y bodies before receiving final approval at the Berlin Gigafactory. Tesla was approved to produce 500 Model Y bodies per week, so they need at least 4 weeks to produce these car bodies.

Yicai comments: At present, in Tesla's global factories, Shanghai Gigafactory has played an important role. In 2021, Tesla's Shanghai Gigafactory delivered a total of 484,000 vehicles, an increase of 235% year-on-year, of which more than 160,000 vehicles were delivered in overseas markets, meeting the needs of more than 10 countries such as Europe and Asia. It is worth noting that Tesla's global delivery volume in 2021 is 936,000 units, and the Proportion of Shanghai Gigafactories is as high as 51.7%. With the start of the Berlin Gigafactory, Tesla may put some important models in the Berlin factory, which is conducive to the growth of Tesla's overall production capacity. At present, Tesla ranks first in the global electric vehicle market, and with the commissioning of several major factories, Tesla sales are expected to further increase.

Polestar will deliver 29,000 electric vehicles worldwide in 2021

Electric vehicle brand Polar star announced on January 11 that it has achieved a global sales target of 29,000 units in 2021, an increase of 185% year-on-year. In 2021, Polestar's global business expanded from 10 to 19 markets, with growth mainly coming from Europe and the Asia-Pacific region. The number of Global Retail Outlets has more than doubled by more than 100 and is expected to increase to 150 by the end of 2022. For the next three years, Polestar will launch a new model every year.

Yicai Comments: PoleStar is an electric vehicle brand jointly established by Zhejiang Geely Holding Group and Volvo Cars in 2017, positioning itself as a high-performance electric vehicle brand. At present, Polarstar has two models on sale, one is the polestar 1 plug-in hybrid coupe priced at up to 1.45 million yuan, and the other is the pure electric vehicle Polestar 2, with a price range of 252,800-33.80 million yuan. Not long ago, Polestar released a teaser for the Polestar 3 SUV, which is expected to launch in 2022. Polestar is doing slightly better in Europe, but it is not optimistic in the Chinese market, which regards Tesla as a competitor, but there is a big gap with Tesla's market performance at present. Polestar CEO Thomas Ingenlath has said it expects sales to reach 29,000 units this year, and its global sales will increase 10-fold by 2025 as more new cars are launched.