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.
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Vice President at CGI
Sunil has over 20 years of experience in consulting and helping energy and oil and gas clients transform into digital and sustainability leaders. He has also helped organisations across the energy, oil and gas, chemicals, renewables, and manufacturing industries realise business value from their investments using cloud, artificial/augmented intelligence, data science, internet of things, industry 4.0, robotic process automation, cybersecurity, and hyper-automation.
He has substantial experience in the information technology industry gained working at IBM Global Business Services, KPMG Management Consulting, Sapient, and Infosys.
Chief Information Officer at Department of the Air Force
Lauren Barrett Knausenberger is the Chief Information Officer for the Department of the Air Force, including the U.S. Air Force and U.S. Space Force. She leads two directorates and supports 20,000 cyber operations, and supports personnel around the globe with a portfolio valued at $17 billion.
She provides oversight of the Air Force’s Information Technology portfolio, including the Information Technology investment strategy from networks to cloud computing, Enterprise policies, information resources management, IT innovation initiatives, information assurance, and related matters for the Department of the Air Force.
CEO at Colt Technology Services
Appointed CEO in May 2020, Keri is responsible for executing Colt’s strategy, which centres around transforming the way the world works through the power of connectivity. Before becoming CEO, Keri was Colt’s Chief Commercial Officer (CCO), leading global teams across sales, presales and marketing. Passionate about promoting Inclusion and Diversity, she also leads Colt’s Diversity Council to ensure Colt is a business where everyone feels they can bring their true selves to work. We look forward to hearing her insights.
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