Category: News Site

Panasonic plans to deploy Tesla 4680 battery cell production later this year

Panasonic confirmed that it plans to set up Tesla 4680 battery cell production at GIgafactory Nevada later this year. They expect higher revenue from the Tesla partnership. Tesla’s call for higher battery production When Tesla unveiled its plan to produce its own new tabless battery cell in a bigger format with a new chemistry using its own… Continue reading Panasonic plans to deploy Tesla 4680 battery cell production later this year

Tesla updates Model Y timeline in Europe, hints at Gigafactory Berlin to start production ‘mid-2021’

Tesla has updated its Model Y delivery timeline in Europe – hinting that Gigafactory Berlin will start production in “mid-2021.” Tesla Model Y in Europe With Model Y, Tesla has taken a completely different approach to rolling out the vehicle in new markets. Previously, the automaker would start production of a new vehicle at the… Continue reading Tesla updates Model Y timeline in Europe, hints at Gigafactory Berlin to start production ‘mid-2021’

China’s FAW considers acquiring BMW partner Brilliance in $7.2 billion deal: Sources

Under plans currently being discussed, FAW would first purchase 30.43% of Brilliance owned by Huachen and 11.89% owned by the state-controlled Liaoning Provincial Transportation Investment Group, said the sources. FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd, BMW‘s main Chinese partner, in deals that may cost it some $7.2 billion and then… Continue reading China’s FAW considers acquiring BMW partner Brilliance in $7.2 billion deal: Sources

Toyota to produce record 9.2m vehicles in 2021

NAGOYA, Japan — Toyota Motor expects to produce a record number of vehicles this year, a sign that the Japanese carmaker has overcome the negative impact of COVID-19 and is shooting for an aggressive expansion, Nikkei has learned. Toyota plans to produce around 9.2 million vehicles worldwide through next December, up 17% from the previous… Continue reading Toyota to produce record 9.2m vehicles in 2021

Panasonic enjoys lift from Tesla but perils lurk ahead

OSAKA — Panasonic now expects group net profit of 150 billion yen ($1.43 billion) for the year ending in March, the company said Tuesday, as its battery supply business with U.S. electric-vehicle maker Tesla is expected to go into the black over a 12-month period for the first time. The figure still represents a 34% slide for the year,… Continue reading Panasonic enjoys lift from Tesla but perils lurk ahead

Electric moped startup Revel launches an EV charging business

Revel, the shared electric moped startup, is building a DC fast-charging station for electric vehicles in New York City, the first in a new business venture that will eventually spread to other cities. The company said Wednesday that this new “Superhub,” which is located at the former Pfizer building in Brooklyn, will contain 30 chargers… Continue reading Electric moped startup Revel launches an EV charging business

Amazon begins testing customer deliveries using Rivian electric vans

Amazon has started making deliveries to customers in Los Angeles using electric vans designed and built by Rivian. The electric vans, which are part of Amazon’s 2040 climate pledge, won’t go into series production until the end of the year, according to an update Wednesday by the company. Amazon declined to reveal how many electric… Continue reading Amazon begins testing customer deliveries using Rivian electric vans

German Manager Magazin: Chinese automaker FAW wants to buy BMW partner Brilliance000545

According to insiders, the second largest Chinese car manufacturer FAW is reaching for the local one BMWPartner Brilliance. The state-owned FAW Group, which also works with Volkswagen and Audi Cars produced for the Chinese market could spend around six billion euros on a proposed takeover, reports the news agency Reuters on Wednesday exclusively. The agency… Continue reading German Manager Magazin: Chinese automaker FAW wants to buy BMW partner Brilliance000545