WOBURN, Mass. — Already far behind Asian manufacturers in building electric car batteries, U.S. automakers and their suppliers are racing to develop a new generation of batteries that are cheaper, can pack in more energy and charge faster. It is a global contest with huge economic consequences for automakers, small battery start-ups and car buyers,… Continue reading Carmakers Race to Control Next-Generation Battery Technology
Author: New York Times Online News
Sony and Honda Announce Tie-Up to Make Electric Cars
TOKYO — The Japanese electronics and entertainment giant Sony announced on Friday that it would team up with Honda to develop electric cars for sale as early as 2025, becoming the latest company to throw its hat into the burgeoning market for battery-powered vehicles. Demand for electric cars is small but skyrocketing as concerns about… Continue reading Sony and Honda Announce Tie-Up to Make Electric Cars
Lucid Motors Will Produce Fewer Cars Than Expected
Lucid Motors, a fledgling maker of electric cars, on Monday significantly scaled back its production goals for the year, citing supply chain problems. The company disclosed the new targets as part of its 2021 earnings report and will most likely disappoint investors who had seen the company as a serious challenger to Tesla. Lucid shares… Continue reading Lucid Motors Will Produce Fewer Cars Than Expected
Rivian Loses Its Shine as Investors Fret About Production Delays
The company also did not tell investors that its chief operating officer, Rod Copes, a Harley-Davidson veteran, left the company last year. Public companies and those in the process of listing their shares generally disclose the departures of top executives. The news was first reported by The Wall Street Journal. A Critical Year for Electric… Continue reading Rivian Loses Its Shine as Investors Fret About Production Delays
Tesla Recalls Cars With Full Self-Driving to Prevent Rolling Stops
Tesla is recalling 54,000 cars equipped with its Full Self-Driving software to disable a feature that in certain conditions lets the vehicles roll slowly through intersections without stopping. The move comes after the automaker was criticized on social media for enabling “rolling stops” in violation of traffic regulations. “Failing to stop at a stop sign… Continue reading Tesla Recalls Cars With Full Self-Driving to Prevent Rolling Stops
Volkswagen Is Considering a Plan to Spin Off Porsche in an I.P.O.
Volkswagen said it was considering hiving off its profitable Porsche division into a separate company with its own stock listing. The transaction would help the automaker raise money to invest in electric vehicles while also potentially returning more control of the high-performance carmaker to descendants of its founder. Volkswagen preferred shares, the most widely traded,… Continue reading Volkswagen Is Considering a Plan to Spin Off Porsche in an I.P.O.
Tesla Reports Record Profit but Warns of Supply Problems
Tesla said Wednesday that its profit leapt more than sixfold last year to $5.5 billion, the highest total in its 19-year history, as sales soared further, especially in Europe and China. But the automaker warned that supply chain troubles stemming from the pandemic would again constrain production through this year. “Our own factories have been… Continue reading Tesla Reports Record Profit but Warns of Supply Problems
Patrick Gelsinger is Intel’s True Believer
A few days later, he got a surprise call from Mr. Grove. The Hungarian-born executive, then Intel’s president who later wrote the management book “Only the Paranoid Survive,” had built a culture where lower-level employees were encouraged to challenge superiors if they could back up their positions. Mr. Grove began mentoring Mr. Gelsinger, a relationship… Continue reading Patrick Gelsinger is Intel’s True Believer
G.M. Cancels Shifts at Michigan Plant Over Canada Protest Disruption
General Motors is the latest automaker to suspend production because of protests at a crucial Canadian border crossing that have disrupted supply chains already in turmoil because of the pandemic. G.M. said it had canceled two shifts on Wednesday and Thursday at a factory in Lansing, Mich., that makes sport utility vehicles. The plant depends… Continue reading G.M. Cancels Shifts at Michigan Plant Over Canada Protest Disruption
Rivian Plans to Spend $5 Billion on a Second EV Plant in Georgia
Rivian Automotive, an electric vehicle company that had an initial public offering last month, said on Thursday that it planned to spend $5 billion to build its second factory, in Georgia. The announcement, which came on the same day that Rivian said it lost $1.2 billion in the three months ending in September, was the… Continue reading Rivian Plans to Spend $5 Billion on a Second EV Plant in Georgia