Tesla’s Gigafactory 3 gets green light for production
As reported by Reuters, the site, which is Tesla’s first manuf...
Tesla has received approval to start production at its Gigafactory 3 site in Shanghai.
As reported by Reuters, the site, which is Tesla’s first manufacturing facility outside of the United States, is intended to both double global production of Tesla Vehicles, as well as tap into the fast growing market for electric vehicles in the country. Producing both its existing Model 3 and the upcoming Model Ys, estimates vary on the cost of the project, which could be between the $2bn figure reported by Reuters and $5bn.
Aside from representing a growing market, the Chinese market also represents a competitor, with a report from Deloitte anticipating that by 2030, new entrants taken together will have the largest single market share – with the majority of those companies being Chinese. There has been some recent wobbles in the market, however, with Bloomberg reporting that electric car sales fell for the first time to 128,000 in July after China cut subsidies, a drop of 14%.
The construction of the Gigafactory 3 has been a reasonably long running saga, with the project first being announced in July of last year. An 860,000 square metre plot of land was secured for the site back in October 2018. Ground was first broken in January of this year, with the company at the time stating on Twitter that Chinese customers would be able to order the Model 3.
The move comes on the heels of a September software update for Tesla’s cars, enabling a number of new features. Tesla’s Software Version 10.0 brought integration with streaming services like Netflix and, in China, Tencent Video, alongside the much-anticipated Smart Summon, leveraging autonomous driving features to steer cars from parking lots to pick up the owner. Tesla Arcade, meanwhile, turns Tesla cars into game consoles.
Non-IT experts ‘to build majority of tech products by 2024’
80% of technology products and services will be built by non-technology professions by 2024, says research firm Gartner.
This is according to a new report from Gartner, which claims a new category of buyers outside the traditional IT organisation is now responsible for a growing share of the overall IT market.
“Digital business is treated as a team sport by CEOs and no longer the sole domain of the IT department,” said Rajesh Kandaswamy, distinguished research vice president at Gartner. “Growth in digital data, low-code development tools and artificial intelligence (AI)-assisted development are among the many factors that enable the democratistion of technology development beyond IT professionals.”
COVID-19 Accelerating Technology
Technology has started expanding into all areas of business, creating demand for products and services outside IT departments. In 2023, Gartner anticipates that US$30 billion in revenue will be generated by products and services that did not exist pre-pandemic. Gartner analysts said the rapid expansion of cloud services, digital business initiatives, and remote services opened the door for new possibilities in integrations and optimisation.
The research found that COVID-19 also reduced barriers for those outside of IT to create technology-based solutions by providing an entry point for anyone who was able to serve pandemic-induced needs. Gartner said technology providers are now finding themselves increasingly entering markets related to, or in competition with, nontechnology providers, including innovative firms in financial services and retail.
Gartner expects high-profile announcements of technology launches from nontech companies to proliferate over the next 12 months.
“The availability of business technologists provides new sources of innovation and the ability to get work done. Thus, technology and service providers will need to extend their sourcing of ideas and technology development into new communities, whether they are based on citizen development, their own customer communities or other sources,” said Kandaswamy