USA electric vehicle company Rivian is pushing ahead with its own electric vehicle battery manufacturing. The strategy of internalizing batteries by automakers is becoming a reality. Rivian said it needed to manufacture its own batteries to target the electric vehicle market. Samsung SDI is manufacturing and supplying electric vehicle batteries for Rivian’s first electric truck.… Continue reading Samsung SDI partner, USA Rivian secures its own battery manufacturing capacity
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WM Motor Expected Over US$300M in Series D1 Financing Round Led by PCCW and Shun Tak Holdings
SHANGHAI and HONG KONG, Oct. 5, 2021 /PRNewswire/ — WM Motor Holdings Limited (“WM Motor”, the “Group” or the “Company”), a dominant EV player in China’s mainstream market, today announced that it has expected US$300+ million in a Series D1 round financing led by PCCW Limited (“PCCW”) and Shun Tak Holdings Limited (“Shun Tak Holdings”), joined by… Continue reading WM Motor Expected Over US$300M in Series D1 Financing Round Led by PCCW and Shun Tak Holdings
Tesla must pay $137 million in discrimination lawsuit
Tesla has been ordered to pay $137 million in damages to a former Black worker who accused the company of turning a blind eye to discrimination and racial abuse at the company’s EV plant in Fremont California, the Washington Post has reported. A San Francisco federal court jury awarded the judgement — reportedly one of… Continue reading Tesla must pay $137 million in discrimination lawsuit
TechnologyTesla ordered to pay over $130 mln to Black former worker over racism -WSJ5:41 AM UTC
The TESLA logo is seen outside a dealership in the Brooklyn borough of New York City, U.S., April 26, 2021. REUTERS/Shannon Stapleton Oct 4 (Reuters) – A federal jury on Monday has ordered Tesla Inc (TSLA.O) to pay more than $130 million in damages to a Black former worker, finding he was subjected to a… Continue reading TechnologyTesla ordered to pay over $130 mln to Black former worker over racism -WSJ5:41 AM UTC
@GM: GM Canada Sales Down 23 Per Cent Due to Ongoing Semiconductor Shortage
GM Canada Sales Down 23 Per Cent Due to Ongoing Semiconductor Shortage 2021-10-01 OSHAWA, Ont. (October 1, 2021) — Chevrolet, Buick, GMC and Cadillac dealers delivered 48,657 vehicles in the third quarter, down 23 per cent from a year ago, as industry-wide supply chain disruptions limited dealer inventories. “These results reflect how the shortage of semiconductors continues to impact vehicle production and dealer inventory,” said Sandor Piszar, vice president, sales, service and marketing, GM Canada. “However, the bright spots for the… Continue reading @GM: GM Canada Sales Down 23 Per Cent Due to Ongoing Semiconductor Shortage
@GM: BrightDrop Completes Record-Setting Build of its First Electric Light Commercial Vehicle; Unveils New Vehicle and Inks Deal with Verizon
BrightDrop Completes Record-Setting Build of its First Electric Light Commercial Vehicle; Unveils New Vehicle and Inks Deal with Verizon 2021-09-28 BrightDrop’s EV600 becomes the fastest built vehicle, from concept to commercialization, in General Motors’ history BrightDrop expands its lineup of all-electric products with the release of the EV410, a medium-size electric light commercial vehicle, expanding… Continue reading @GM: BrightDrop Completes Record-Setting Build of its First Electric Light Commercial Vehicle; Unveils New Vehicle and Inks Deal with Verizon
@GM: GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule
GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule 2021-09-30 As GM pursues carbon-neutral commitment, company expects to source 100 percent renewable energy in the U.S. by 2025 GM teams with PJM and TimberRock to launch a new carbon tracking system to monitor and reduce emissions in real… Continue reading @GM: GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule
Investors argue Musk should repay $9.4 bln to Tesla for SolarCity deal
The investors said Musk, one of the world’s richest people, could also repay the value of the stock to the company. A Delaware judge should order Elon Musk to repay $9.4 billion to Tesla Inc for the benefits he received by pushing the electric vehicle maker in 2016 to buy an ailing solar company he… Continue reading Investors argue Musk should repay $9.4 bln to Tesla for SolarCity deal
Investors argue Musk should repay $9.4 billion to Tesla for SolarCity deal
Tesla CEO Elon Musk reacts to onlookers as he departs after taking the stand to defend Tesla Inc’s 2016 deal for SolarCity in a case before the Delaware Court of Chancery in Wilmington, Delaware, U.S. July 12, 2021. REUTERS/Jonathan Ernst WILMINGTON, Del., Oct 4 (Reuters) – A Delaware judge should order Elon Musk to repay… Continue reading Investors argue Musk should repay $9.4 billion to Tesla for SolarCity deal
@Ford: New Products, Improved Inventory Propels Ford to Top-Selling Automaker in September with Retail Sales Up 34.3% Compared to August; 52,000 New Vehicle Orders Placed; Lincoln Brand Retail Sales Increase 52.6% Over August as Nautilus Sales Soar
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with… Continue reading @Ford: New Products, Improved Inventory Propels Ford to Top-Selling Automaker in September with Retail Sales Up 34.3% Compared to August; 52,000 New Vehicle Orders Placed; Lincoln Brand Retail Sales Increase 52.6% Over August as Nautilus Sales Soar