Byton's CEO the former BMW manager Daniel Kirchert has according to media reports fled to Hong Kong and is the subject of an arrest warrant issued by the Munich public prosecutor's office for delaying insolvency proceedings
Byton (is) 4 years in business and has not sold a single-vehicle
60k pre-orders have been made according to Kirchert for the M-Byte and the planned production start was in autumn 2020
Salaries hasn't been paid since month to the 70 employees in Germany
The Munich I public prosecutor's office is also said to have issued a warrant for Kirchert's arrest on charges of delaying insolvency proceedings
“Decide faster, develop faster, be on the market faster"
"If you look at Tesla, how quickly they are developing their cars and bringing electric cars to market, then Audi is already called upon to pick up the pace considerably," Diess explained
Herber Diess
"Audi has to catch up!"
It will "certainly not be easy"
‘Audi is in the process of catching up with the US competitor "and maybe even overtaking it in one or two places", he said.’
The calculated CO2 emission is based on 75% battery drive
Reality:
Private 50%
Business 15%
ICE engine is often engaged for performance reasons although drivers believe he drives electric
Hybrids are 100-170% CO2 above what manufacturers claim
The study concludes instead of the manufacturer claimed 2.4m tons incremental 4.3tons CO2 may be emitted
"Under current conditions, the continued market ramp-up of plug-in hybrid vehicles jeopardizes Germany's 2030 climate targets in the transport sector" scinexx.de/news/energie/h…
A Hybrid is subsidized by the German Government with about 2/3 of a BEV
Hybrid SUVs are best-sellers for German Automakers
Tesla has a history to expand manufacturing into the largest consumer markets
1st 🇨🇳 China with 1.4bn citizens
2nd 🇪🇺 EU with 447m citizens
3rd 🇮🇳 with 1.3 bn citizens?
India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities, according to a government proposal seen by Reuters.
To import and assemble the low-cost MIC Model 3 could be the strategy to build a business that if demand is high leads to a Giga India
"When the Green Deal comes, we will need 40 large battery factories in Europe"
Herbert Diess, VW CEO on the question why Chinese and American companies built large 🔋 plants but no German
Diess "A good question. I talked to everyone in Germany, but they waved it off."
Herbert Diess
"Many suppliers believe it is too late to get involved. I am convinced of the opposite. We are still at the very beginning of development."
Diess continued
"If the EU's Green Deal comes about in the way it seems likely, the battery factories announced so far in Europe will only cover around five to ten percent of demand."