General Motors announced that it will construct a new cathode factory in North America for its electric vehicle batteries. The factory, which will be built under a joint venture with South Korea’s Posco Chemical, will process cathode active material (CAM), which represents about 40 percent of the cost of an EV battery cell. Much like… Continue reading General Motors announces it will build a new cathode plant in North America
Tag: Tesla
Musk makes whistleblower joke with new Tesla item
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Stellantis CEO says EV cost burden is ‘beyond the limits’ for automakers
Stellantis NV Chief Executive Carlos Tavares Stellantis NV Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs. Governments and investors want car manufacturers to speed up the transition to electric vehicles,… Continue reading Stellantis CEO says EV cost burden is ‘beyond the limits’ for automakers
Kia America Beats Annual Sales Record With One Month Left In 2021 Calendar
“Breaking the all-time annual sales record with one month left in the sales cycle is concrete proof that demand for Kia vehicles is on the rise and has been throughout the year,” said Eric Watson, vice president, sales operations, Kia America. “With the all-new Kia EV6 arriving soon and the Sportage, including hybrid and plug-in hybrid… Continue reading Kia America Beats Annual Sales Record With One Month Left In 2021 Calendar
Lancia CEO outlines Europe expansion plans – Automotive News Europe
Napolitano wants to attract a different kind of buyer for Lancia. Currently, two thirds of buyers are women, with an average age of 45 and with no children in their household. He sees future models as drawing buyers with an average age of 55, but with at least one child still at home, and evenly… Continue reading Lancia CEO outlines Europe expansion plans – Automotive News Europe
Electric vehicle battery cost falls to $132 per kWh, but it might go up from there
The cost of electric vehicle battery packs has fallen to $132 per kWh – continuing decades of cost improvements. However, it might go up over the next year as increased material prices are catching up to incremental cost improvements. Price per kWh is the metric used to track the price of batteries. It can be… Continue reading Electric vehicle battery cost falls to $132 per kWh, but it might go up from there
Elon Musk shills a $50 Tesla Cyberwhistle with a joke about whistleblowers
Tesla has yet to produce its all-electric Cybertruck, but diehard fans who need to lay their hands on something new and associated with the highly anticipated and delayed vehicle can now buy a cyberwhistle for $50. Yes, a whistle. Tesla CEO Elon Musk tweeted Tuesday a link to the webpage for his 65.1 million followers to… Continue reading Elon Musk shills a $50 Tesla Cyberwhistle with a joke about whistleblowers
LG Energy Solution receives preliminary approval for its IPO
The company mandated KB Securities and Morgan Stanley to lead the proposed deal. South Korea’s LG Energy Solution (LGES) has received preliminary approval for its initial public offering, the Korea Exchange said on Tuesday. LGES, LG Chem Ltd‘s wholly owned battery subsidiary which supplies Tesla Inc, General Motor Co and Hyundai Motor Co among others,… Continue reading LG Energy Solution receives preliminary approval for its IPO
Tesla enables in-car purchases and subscriptions
Tesla has started to enable in-car purchases and subscriptions in its latest software updates. Owners can buy a ‘Premium Connectivity’ straight from their center console inside Tesla vehicles. Over the years, Tesla has started to find opportunities to sell upgrades to its owners by unlocking software features inside its vehicles. Originally, owners needed to log… Continue reading Tesla enables in-car purchases and subscriptions
Vietnam’s Vingroup seeks to raise $1b from global investors for car unit
Vietnam’s largest conglomerate Vingroup is in talks with investors, including Qatar’s sovereign fund and BlackRock, to privately raise about $1 billion in equity for its car unit, three sources aware of the matter said. The fundraising exercise comes as VinFast, Vingroup‘s automobile arm, is betting big on the U.S. market, where it hopes that its electric SUVs and a battery leasing model will be enough… Continue reading Vietnam’s Vingroup seeks to raise $1b from global investors for car unit