Tesla’s years-long dominance of electric car sales may soon be over as traditional car makers introduce a slew of new battery-powered models, one of its German rivals said.
Ford will plough over $1-billion into a plant in South Africa – its biggest-ever investment in the country – as the car maker scales back in other regions including Brazil and Europe.
Tesla shares continued their meteoric rise on Thursday, scoring yet another record high and further expanding the distance between the Silicon Valley electric car maker and its traditional auto industry rivals.
Volkswagen will narrowly meet a deadline to start deliveries of its flagship ID.3 electric car, but early buyers will have to wait months for all the features to work.
BMW South Africa is to shut down its Rosslyn manufacturing plant in Pretoria for two weeks because of risks posed by Covid-19 and the resulting impact on demand for new vehicles.
German car-making giant Volkswagen is preparing for the introduction of its electric vehicle line-up on South African roads through the local launch of the e-Golf pilot project.