The Panasonic plant will reportedly supply Tesla, whose demand for batteries is increasing as it ramps up production. Go to Source
Author: CNBC Online news
Polestar says it’s still on track to deliver 50,000 vehicles this year despite Covid-19 disruptions
Polestar’s first-half deliveries were hurt by China’s Covid-19 lockdowns, but the electric vehicle maker still expects to meet its full-year guidance. Go to Source
Shares of Tianqi Lithium fell as much as 10% in first day of trading in Hong Kong
Shares of Tianqi Lithium fell as much as 10% in their Hong Kong market debut Wednesday before closing flat. Go to Source
Electric vehicle startup Lordstown Motors names new CEO following Foxconn deal
Veteran engineer Edward Hightower will lead Lordstown as it transitions to product development. Go to Source
Shares of EV maker Canoo surge after Walmart agrees to buy 4,500 electric delivery vans
Walmart will buy at least 4,500, and up to 10,000, of Canoo’s electric delivery vans. Go to Source
Chinese EV maker XPeng’s robotics arm raises $100 million to bring robots to households in 2 years
XPeng’s focus is still on growing its electric car sales, but the firm has been keeping one eye on the future via spin-off entities in robotics and flying cars. Go to Source
Elon Musk says it’s time for Trump to ‘sail into the sunset’
Over the weekend, Trump called Elon Musk a “bull—- artist” claiming that Musk said he voted for Trump in previous conversations between the two men. Go to Source
Rivian planning layoffs that could target about 5% of staff, report says
The cuts will come in areas where Rivian has grown too quickly, Bloomberg reported. Go to Source
Ford’s Mustang Mach-E electric crossover is a hit with industry insiders — that could help it take on Tesla
Ford’s first real attempt at an electric vehicle has been quite a hit with critics. Go to Source
Auto dealerships are facing a shortage of technicians to fix cars. Here’s why
Auto dealerships, like many industries, are feeling the effects of what some have termed the Great Resignation, in which workers are quitting at steep rates. Go to Source