Tesla Motors’ production may exceed that of BMW. But it will be years before we see a content delivery model in a Tesla. Mercedes and BMV hold the top position in car production. Due to an increase in demand for EVs, this title is challenged by tech giant Tesla.
Automakers have adopted the vehicle-to-vehicle (V2V) Internet of Things (IoT) platform. Most of today’s major automotive manufacturers are exploring the capabilities of blockchain and driver-agnostic technologies. These players will explore distributed ledger technology (DLT) capabilities. Distributed ledger technology manages and records every aspect of a vehicle’s operation. It promises to be a powerful new way to manage and share resources across teams. DLT does not require centralized authority.
It’s far from certain that Tesla’s production capacity will reach BMW’s level. Tesla has seen its reach far exceed that of the Bavarian auto giant. Production levels reached more than eight times greater than what was expected to be ready by 2020. As a result, the German automaker has been sending production and order requests to American suppliers. Who in turn are sending orders to the United States.
The Shanghai production facility, which was completed in 2014, has seen tremendous growth since then. It now supplies more than a quarter of Tesla’s vehicle production. It is enough to double the plant’s current production capacity. The expansion of the old facility has led to a second production line. This new line will produce high-volume standard-model Tesla cars.
Currently, Tesla is the most valuable car company in the world. People are more inclined towards EVs than other vehicles. The increase in production of Tesla will not slow down anytime soon. It will beat BMW in production in the future.
