XPeng Robotics, the smart robotics arm of Chinese electric vehicle (EV) maker XPeng, has entered into an agreement with a consortium of investors to raise over $100 million in its Series A funding round, the startup announced on Tuesday. The Series A round, which is led by IDG Capital with XPeng also participating, will enable… Continue reading Chinese EV maker XPeng’s robotics arm bags over $100m in IDG-led Series AXPeng had raised $1.72b from an IPO on NYSE in August 2020.
Tag: Tesla
Rivian and Arrival announce business restructuring, Tesla continues layoffs
Inflation and global supply chain constraints continue to take their toll on EV automakers, especially those based in the United States. Young automakers like Rivian and Arrival have announced plans to restructure their businesses, hinting at potential layoffs. Meanwhile, EV veteran Tesla has laid off hundreds of employees the past month and continues to do… Continue reading Rivian and Arrival announce business restructuring, Tesla continues layoffs
Chinese electric car company BYD slides on reports that Buffett is trimming stake
BYD Co shares sank nearly 12% on Tuesday after a large stake matching the size of Berkshire Hathaway Inc’s investment in the Chinese electric car company appeared in Hong Kong’s clearing system. The development prompted speculation that Warren Buffett’s company might be reducing its multi-billion-dollar stake in BYD. A 225 million share BYD stake entered… Continue reading Chinese electric car company BYD slides on reports that Buffett is trimming stake
Clean Tecnica: 25,000 PG&E and Tesla Customers Invited To Form World’s Largest Distributed Battery To Support Electric Grid Reliability 002106
OAKLAND, California — Pacific Gas and Electric Company (PG&E) and Tesla Inc. have launched a new pilot program that creates a virtual power plant, to help support electric grid reliability and save customers money. On June 22, Tesla invited approximately 25,000 PG&E customers with Powerwalls to join the VPP and help form the world’s largest… Continue reading Clean Tecnica: 25,000 PG&E and Tesla Customers Invited To Form World’s Largest Distributed Battery To Support Electric Grid Reliability 002106
Cleantechnica: Tesla Cars Added at 15 More Hertz Locations in USA!002105
Less than a year ago, we reported on the news that Hertz was ordering a stunning 100,000 Tesla cars — one hundred thousand. It was such big news that many didn’t even believe it, thinking it was “fake news.” An extra fascinating element to it is that Mark Fields was the Hertz interim CEO at… Continue reading Cleantechnica: Tesla Cars Added at 15 More Hertz Locations in USA!002105
Twitter sues Elon Musk for attempting to back out of $44 billion buyout deal
Twitter is suing Elon Musk to force the Tesla and SpaceX CEO to complete his $44 billion acquisition of the social media company. The New York Times reports Twitter filed a complaint on Tuesday with the Chancery Court in Delaware alleging the billionaire wrongfully broke his agreement to purchase the platform. In April, Musk announced… Continue reading Twitter sues Elon Musk for attempting to back out of $44 billion buyout deal
Advanced E.V. Batteries Move From Labs to Mass Production
SAN JOSE, Calif. — For years, scientists in laboratories from Silicon Valley to Boston have been searching for an elusive potion of chemicals, minerals and metals that would allow electric vehicles to recharge in minutes and travel hundreds of miles between charges, all for a much lower cost than batteries available now. Now a few… Continue reading Advanced E.V. Batteries Move From Labs to Mass Production
Tesla laying off 229 Autopilot workers, shuttering San Mateo office, filing confirms
Tesla is laying off 229 data annotation employees who are part of the company’s larger Autopilot team and is shuttering the San Mateo, California office where they worked, according to a California regulatory filing. TechCrunch previously reported that nearly 200 employees were being laid off, according to sources who talked to TechCrunch on condition of… Continue reading Tesla laying off 229 Autopilot workers, shuttering San Mateo office, filing confirms
The saga continues: Twitter sues Elon Musk to force deal
akub Porzycki/NurPhoto via Getty Images As promised, Twitter is taking Elon Musk to court. The social media site has sued the Tesla CEO, claiming he cannot back out of his commitment to acquire the company. On Friday, just under three months after declaring his intent to purchase Twitter and take it private, Musk said he… Continue reading The saga continues: Twitter sues Elon Musk to force deal
Tesla tries to help Texas grid amid heat wave with its cars until it can with Powerwalls
Tesla is trying to help Texas’s electric grid again amid another heat wave with its electric cars until it can with Powerwalls as it lobbies for some rule changes. Texas has a notoriously fragile grid that is having issues supporting increasing peak electricity demand. The issues have mostly come in the winter amid cold fronts,… Continue reading Tesla tries to help Texas grid amid heat wave with its cars until it can with Powerwalls