28 January 2010
28 January 2010
This week, Tesla Motors secured financing to build a manufacturing facility in southern California, which will be used to produce the Model S electric sedan.
The $465 million loan deal was negotiated and signed by the Department’s Loan Programs Office, which supports the development of innovative, advanced vehicle technologies to create thousands of clean energy jobs while helping reduce the nation’s dependence on foreign oil.
“This is an investment in our clean energy future that will create jobs and reduce our dependence on foreign oil,” said Secretary of Energy Steven Chu. “It will help build a customer base and begin laying the foundation for American leadership in the growing electric vehicles industry. This is part of a sustained effort to develop and commercialize technologies that will be broadly deployed throughout the American auto industry.”
Tesla’s planned Model S will be an all-electric vehicle, producing zero tailpipe emissions. It is being designed to offer a variety of range options depending on the battery pack used, from 160 to 300 miles on a single charge. Volume production of the Model S is planned to begin in 2012 with a target production capacity of 20,000 vehicles per year by the end of 2013.
According to Tesla, the Model S project and power-train manufacturing facility are expected to create over 1,600 jobs.
Cobra International will showcase a range of composite products at CAMX 2018, including carbon fibre components for the automotive, transportation, marine, water sports and luxury sectors.
UK company Prodrive Composites has developed a process for manufacturing recyclable composite components that can satisfy future end-of-life requirements without any compromise in the performance of the original parts. The company says the P2T (Primary to Tertiary) process not only simplifies recycling, but endows a composite material with the potential to fulfil three or more useful lifetimes.
Designers at Elemental Motor have utilised tailored fibre placement (TPF) to extend the use of carbon composites in its RP1 sports car.