While vehicle deliveries were delayed for most brands throughout 2021 due to the chip shortage and other issues, a recent memo from Elon Musk stands out as being unusual. Tesla’s CEO urged company employees to stop rushing orders to obtain record deliveries and focus on reducing costs instead. Last year, Tesla Motors delivered almost 500,000… Continue reading World NM: Memo From Elon Musk Asks Tesla Employees to Stop Rushing Deliveries001659
Tag: Tesla
Stellantis locks in lithium supply agreement to secure EV battery materials
Stellantis, the global corporation formed through a merger between Fiat Chrysler Automobiles and French automaker Groupe PSA, signed a binding agreement with a lithium producer as more automakers look to secure key parts of the battery supply chain. The agreement is one in a flurry of deals between automakers and suppliers as the demand for… Continue reading Stellantis locks in lithium supply agreement to secure EV battery materials
NIO & Shell Strike Deal to Enhance EV Driver Experience
NIO Inc. NIO recently announced a partnership with energy giant Royal Dutch Shell (RDS.A) to enhance the charging experience for electric vehicle (EV) customers by jointly constructing and operating a network of co-branded battery swapping stations. The agreement encompasses a plan to develop a network of 100 battery swapping stations in China by 2025, starting… Continue reading NIO & Shell Strike Deal to Enhance EV Driver Experience
Portl Raises $12M in Series A Funding
Portl, a Los Angeles CA-based company plug & play holoportation platform, raised $12M Series A funding. The round was led by True Capital Management with participation from Tim Draper (Tesla, SpaceX, Skype), Marshawn Lynch, Quavo, Breanna Stewart, Albert Pujols, Luke Walton, Robert Griffin III (RG III), Deandre Ayton, Nneka Ogwumike, and Managing Partners of Structure Capital, Jillian Manus (Uber) and Mike Walsh (Uber, SalesForce). The company intends to use… Continue reading Portl Raises $12M in Series A Funding
Nissan unveils ‘Ambition 2030’ electric car plan – are they finally coming back to EVs?
Nissan has announced a new electrification plan intending to bring the company into the electric age with four new concepts, $17 billion in investment over five years (including solid state batteries), and 15 fully electric models by 2030. Ambition 2030 also includes targets for Nissan’s future sales mix. In the next five years (by 2026),… Continue reading Nissan unveils ‘Ambition 2030’ electric car plan – are they finally coming back to EVs?
Autos & Transportation · 10:01 AM UTCNissan unveils $18 bln electrification push in bid to draw level with rivalsNissan Motor Co announced it will spe…
Spending compares to 1 trln Y over pvs decade on electrification To launch 23 electrified vehicles by 2030, including 15 EVs To introduce all solid-state batteries by March 2029 Shares end down 5.6%, underperforming rivals YOKOHAMA, Nov 29 (Reuters) – Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over five… Continue reading Autos & Transportation · 10:01 AM UTCNissan unveils $18 bln electrification push in bid to draw level with rivalsNissan Motor Co announced it will spe…
Inside the industry: does new UK legislation ignore in-car tech?
Perhaps you, like me, were surprised when the government announced plans to tighten the use of phones while driving last month. From next year, anyone caught holding a phone to take photos, pick music or play a game while driving faces a £200 fine and six points on their licence. Previously, police had to prove… Continue reading Inside the industry: does new UK legislation ignore in-car tech?
Fisker unveils ‘world’s most sustainable vehicle’ as electric vehicle competition heats up
It seems among the investor community, all everyone talks about are the EV (electric vehicle) stocks – and only the big ones at that – Tesla (TSLA), Rivian (RIVN), and Lucid (LCID). One EV company that’s been flying under the radar, that is until it had big news at this year’s Los Angeles Auto show… Continue reading Fisker unveils ‘world’s most sustainable vehicle’ as electric vehicle competition heats up
China Tech Digest: Xiaomi, Huawei Co-invest In Battery Manufacturer; Tencent Leads Issue Of First International “Zero Trust” Standard
Xiaomi and Huawei co-invest in battery manufacturer Beijing WeLion New Energy Technology Co., Ltd., NIO’s semi-solid battery supplier, will raise about RMB500 million from Xiaomi Inc. and Huawei Technologies. According to sources, Huawei, Xiaomi and Shunwei Capital have signed an agreement on the investment in August. Tencent leads the issue of first international “zero trust”… Continue reading China Tech Digest: Xiaomi, Huawei Co-invest In Battery Manufacturer; Tencent Leads Issue Of First International “Zero Trust” Standard
Will Rivian’s electric vehicles end Detroit’s reign over the US auto industry?
Will Rivian’s electric vehicles end Detroit’s reign over the US auto industry? Investors have salivated over the Illinois automaker – but juggernauts like Ford and GM still have plenty of advantages IMAGE DISTRIBUTED FOR RIVIAN AUTOMOTIVE, LLC – Rivian R1T all-electric truck in Times Square on listing day, on Wednesday, Nov. 10, 2021 in New… Continue reading Will Rivian’s electric vehicles end Detroit’s reign over the US auto industry?