The Biden administration today announced that it’s closed a $2.5 billion loan for Ultium Cells, a joint venture between GM and South Korean battery maker LG Energy Solution. The loan will go toward financing the construction of new lithium-ion battery cell factories in Ohio, Tennessee, and Michigan. Ultium Cells will manage battery cell production at… Continue reading Biden gives GM and LG a $2.5B loan to build 3 battery factories in 3 states
Author: Electrek Newsfeed
Tesla is ordered to upgrade self-driving computer for free over ‘false advertising’
A judge has ordered Tesla to upgrade a customer’s self-driving computer for free in order to subscribe to Tesla’s Full Self-Driving program. It’s a victory for customers frustrated with Tesla’s approach to selling self-driving to customers before achieving the capacity. Since 2016, Tesla has claimed that all its vehicles produced going forward have “all the… Continue reading Tesla is ordered to upgrade self-driving computer for free over ‘false advertising’
Tesla is becoming a partisan brand, says survey
Tesla is becoming a partisan brand – losing the support of Democrats and gaining support from Republicans, according to a survey. Leaders of large companies selling consumer products, like automakers and tech companies, generally refrain from showing direct support to any political party, especially in the US. Due to the polarizing nature of politics in… Continue reading Tesla is becoming a partisan brand, says survey
Tesla to create ‘statewide market design pilot’ virtual power plant in Texas
Tesla has been approved to create a “statewide market design pilot” for a virtual power plant (VPP) in Texas. The company will be able to band its Powerwall customers together to deliver grid services in the state and get them compensated for it. Tesla virtual power plant We have seen Tesla putting a lot of… Continue reading Tesla to create ‘statewide market design pilot’ virtual power plant in Texas
Tesla unveils new biggest Megapack project in Europe
Tesla has unveiled a new giant Megapack project In Belgium that it is now the biggest Megapack project in continental Europe and one of the biggest energy storage projects on the whole continent. Megapack projects have been popping up left and right lately. Tesla’s biggest energy storage product has quickly emerged as the leading battery… Continue reading Tesla unveils new biggest Megapack project in Europe
Tesla Cybertruck body spotted ahead of production start
A Tesla Cybertruck body has been spotted being worked on ahead of the electric pickup truck’s upcoming start of production in Texas. There are about 1.5 million people interested in the Tesla Cybertruck and they have starved of information for a while. An update on the production version with final specs and pricing has been… Continue reading Tesla Cybertruck body spotted ahead of production start
GM’s Ultium battery plant votes overwhelmingly to unionize with UAW
GM’s first Ultium battery plant in Lordstown, Ohio has voted to join the United Auto Workers, with 98% of workers voting in favor of union representation. Ultium is GM’s battery joint venture with LG Energy. GM will establish at least four factories in the US to build the batteries for their upcoming EVs. Just today,… Continue reading GM’s Ultium battery plant votes overwhelmingly to unionize with UAW
Ultium Cells $275M investment will boost battery cell output for GM EVs by 40%
Ultium Cells will invest $275 million in its Spring Hill, Tennessee, battery plant to expand EV battery cell output by 40%. The new expansion will help fuel GM’s aggressive EV strategy as it ramps production. Ultium Cells was formed through a joint venture between GM and LG Energy Solutions. The Spring Hill, Tennessee, location is… Continue reading Ultium Cells $275M investment will boost battery cell output for GM EVs by 40%
2022 was Tesla’s best year ever, but not for its stock (TSLA), and investors are not happy
2022 was undoubtedly Tesla’s best year ever financially and for vehicle deliveries, but it has not been for its stock (TSLA), and now investors are unhappy and telling the board about it. If you were to just look at Tesla’s quarterly reports this year, you would think that Tesla shareholders are having a great year.… Continue reading 2022 was Tesla’s best year ever, but not for its stock (TSLA), and investors are not happy
A new Tesla neighborhood launches with Powerwalls in Las Vegas
A new ‘Tesla neighborhood’ has launched in Las Vegas with Tesla Powerwalls and solar power in every home. Tesla neighborhood is a term that is being used for new developments where all the homes integrate all or part of Tesla’s power ecosystem, including the Powerwall home battery pack. The best example is a new giant… Continue reading A new Tesla neighborhood launches with Powerwalls in Las Vegas