Although Toyota held its title as the top-selling automaker, the industry is shifting beneath it. Toyota sold over 100,000 EVs in 2023, but that’s still less than 1% of the record 11.2 million vehicles handed over last year. Toyota sold 104,018 EVs in 2023: Is it enough? The automaker announced its 2023 global sales results… Continue reading Toyota sold over 100,000 EVs last year, but that’s still less than 1% of its total sales
Author: Electrek Newsfeed
Nissan wants to lower EV prices with cheaper LFP batteries to rival BYD
Nissan plans to produce lithium iron phosphate (LFP) batteries as it looks to lower EV prices. With cheaper materials, the batteries are about 20% to 30% cheaper to build than lithium-ion batteries with NCM. The move will put it in direct competition with BYD, the leading LFP battery maker. Nissan is developing LFP batteries to… Continue reading Nissan wants to lower EV prices with cheaper LFP batteries to rival BYD
GM’s epically bad year still earned it $10 billion – but that’s not due to EV sales
2024 Cadillac Lyriq Luxury trim (Source: Cadillac) Despite a truly terrible year for GM that involved plants being shut down for weeks due to a union strike, Bolt battery recalls, EV production problems, and the nightmare that keeps on giving that is Cruise, General Motors says it should tally up nearly $10 billion for 2023… Continue reading GM’s epically bad year still earned it $10 billion – but that’s not due to EV sales
Tesla’s biggest investor: ‘it’s a family business masquerading as a public company’
Leo KoGuan has invested more money into Tesla than anyone in the world, yet he can’t even get his concerns heard by the company’s board. The shareholder is frustrated with some of the CEO’s recent controversies, but with the board MIA, there’s no way to rein him in. We first reported on KoGuan in 2021… Continue reading Tesla’s biggest investor: ‘it’s a family business masquerading as a public company’
Tesla sold one out of every 8 cars in California in 2023, 21.4% EV share
California hit a new record last year with 21.4% of new cars being all-electric, and once again Tesla led the pack with the two best-selling cars in the state, the Tesla Model Y and Tesla Model 3. But Toyota narrowly maintained its leadership as the top-selling brand in the state, with Tesla nipping at its… Continue reading Tesla sold one out of every 8 cars in California in 2023, 21.4% EV share
Renault cancels Ampere IPO but still launching 7 new models
French automaker Renault just canceled its planned IPO for its EV spinoff Ampere. While the IPO was scheduled for the first part of this year with an expected valuation of up to €10 billion ($10.47 billion), Renault says that market conditions aren’t optimal to make the move. The close of trading today in Europe brought… Continue reading Renault cancels Ampere IPO but still launching 7 new models
Tesla (TSLA) plans to spend $10 billion this year to achieve next growth phase
Tesla (TSLA) confirmed that it is increasing its planned capital spending to $10 billion this year as it tries to achieve its next growth phase. Lately, Tesla has described itself as being “between two major growth waves”. The first wave was the ramp-up of Model 3 and Model Y production, which appears to be now… Continue reading Tesla (TSLA) plans to spend $10 billion this year to achieve next growth phase
Toyota was the most searched auto brand in 2023, but Tesla still dominates EV queries
2023 was yet another pivotal year for EVs as the segment began to expand beyond early adopters and into the early majority. What should come as no surprise to most people is that American automaker Tesla dominated Google Trends search data for EVs last year. Still, gas and hybrid specialist Toyota remained the most searched… Continue reading Toyota was the most searched auto brand in 2023, but Tesla still dominates EV queries
Tesla chair prepares to sell up to $50 million in stock
Tesla’s chairwoman, Robyn Denholm, has signed a new contract with the company to prepare to sell up to $50 million worth of TSLA stock. Denholm is an Australian businesswoman who has long been the head of Tesla’s board of directors. She came to the role after CEO Elon Musk was forced to step down from… Continue reading Tesla chair prepares to sell up to $50 million in stock
Tesla announces new $500 million Dojo supercomputer coming to New York
Tesla has announced a new $500 million project to build a giant Dojo supercomputer cluster at Gigafactory New York in Bufallo. Dojo is a new supercomputer designed from the ground up by Tesla specifically to train AI with videos. The project suffered significant delays, but it seemed to be getting some momentum last year as… Continue reading Tesla announces new $500 million Dojo supercomputer coming to New York