Tata Motors raises $1b from TPG, ADQ for electric vehicle business

Indian automaker Tata Motors has raised about $1 billion from private equity firm TPG’s Rise Climate Fund and Abu Dhabi state holding company ADQ to expand its electric vehicle business, the company said on Tuesday. Tata Motors will form a separate electric vehicle unit in which TPG and ADQ will hold between 11% and 15%, valuing the new entity at… Continue reading Tata Motors raises $1b from TPG, ADQ for electric vehicle business

Tesla sold record 56,006 China-made vehicles in Sept – CPCA

A man wearing a face mask following the coronavirus disease (COVID-19) outbreak walks by Tesla Model 3 sedans and Tesla Model X sport utility vehicle at a new Tesla showroom in Shanghai, China May 8, 2020. REUTERS/Yilei Sun BEIJING, Oct 12 (Reuters) – U.S. electric vehicle (EV) maker Tesla Inc (TSLA.O) sold 56,006 China-made vehicles… Continue reading Tesla sold record 56,006 China-made vehicles in Sept – CPCA

The Station: Tesla calls Texas home, Volvo takes the IPO path and GM lays out its $280B revenue plan

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Wow,… Continue reading The Station: Tesla calls Texas home, Volvo takes the IPO path and GM lays out its $280B revenue plan

Rivian is coming. Here’s why it matters – E&E News

This story was updated at 6:18 p.m. EDT. Americans always have had exactly one choice when it comes to all-electric carmakers: Tesla. Starting this month, they will have another. Rivian Automotive Inc. rolled its first pickup truck destined for regular customers off its assembly line in Normal, Ill., last week, and first deliveries are coming… Continue reading Rivian is coming. Here’s why it matters – E&E News

Elon Musk Says That Tesla Is Making Its Own Beer

The “GigaBier” will be served in Cybertruck-themed bottles. One for the Road Elon Musk is known for fairly gimmicky tactics to promote his products — but he might have outdone himself yet with the new Cybertuck-themed beer. The billionaire CEO introduced the “GigaBier” at Tesla’s Gigafactory Berlin County Fair, according to Teslarati. The GigaBier’s bottles… Continue reading Elon Musk Says That Tesla Is Making Its Own Beer

Musk says Tesla will begin production at its German Gigafactory by the end of the year

Elon Musk said during an open house at Tesla’s new Gigafactory near Berlin this weekend that the company is aiming to begin production of its Model Y cars there before the end of the year. And the CEO added he’s hoping the plant will be producing between 5,000 and 10,000 vehicles weekly by the end… Continue reading Musk says Tesla will begin production at its German Gigafactory by the end of the year

German Manager Magazin: Tesla Gigafactory Grünheide presents itself to the public: Folk festival for Tesla’s electric car factory001183

Critics complainthat the industrial building is partly being built in a water protection area. The car factory at the gates of Berlin is one of the most important industrial projects in East Germany. Musk originally estimated the construction costs at 1.1 billion euros, but said in the meantime that the budget would be exceeded. For… Continue reading German Manager Magazin: Tesla Gigafactory Grünheide presents itself to the public: Folk festival for Tesla’s electric car factory001183

Autos & Transportation · 5:43 PM UTCFirst Berlin Teslas could come next month, Musk tells fansThe first cars to emerge from Tesla’s new Berlin factory…

GRUENHEIDE, Germany, Oct 9 (Reuters) – The first cars to emerge from Tesla’s new Berlin factory should roll off the production line as early as next month, CEO Elon Musk said at the site of the plant on Saturday, but added that volume production would take much longer to achieve. Musk hopes to get the… Continue reading Autos & Transportation · 5:43 PM UTCFirst Berlin Teslas could come next month, Musk tells fansThe first cars to emerge from Tesla’s new Berlin factory…