Tag: gigafactory
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Exploring Microfactories: Hyundai’s Innovative Approach to Urban Car Manufacturing in Singapore
The latest manufacturing innovation in the automotive industry, microfactories, is showcased in Singapore by Hyundai. This new approach to car production involves a cell-based automated system, heavily reliant on robotics and AI, with robots performing tasks traditionally handled by humans. This method allows for a smaller factory footprint and greater flexibility in manufacturing different types…
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Tesla Stock Declines 65% in 2022 Amid Increased Competition and Production Challenges
Tesla’s stock experienced its worst year on record in 2022, with shares dropping 65%. This decline was influenced by a variety of factors beyond Elon Musk’s acquisition of Twitter, such as increased competition in the EV market, reduced customer wait times indicating potential demand decreases, production disruptions, and missed vehicle delivery targets. Rising costs and…