Volkswagen sold almost half as many electric cars as Tesla in 2020. Sean Gallup/Getty Images Although Tesla’s expensive and strictly in-house developed autonomous driving software has a long way to go to actually achieve self-driving, its German rival Volkswagen is going down the same path to build its own driverless capabilities. In an interview German… Continue reading Volkswagen Will Develop In-House Self-Driving Chip to Compete With Tesla, Apple – Observer
Tag: Tesla
1 in 5 electric vehicle owners in California switched back to gas because charging their cars is a hassle, new research shows (F, TSLA, GM)
Roughly 20% of electric vehicle owners in California replaced their cars with gas ones, a new study shows. The main reason drivers made the switch was the inconvenience of charging. The findings suggest new challenges facing the growth of the nascent electric vehicle market. See more stories on Insider’s business page. In roughly three minutes,… Continue reading 1 in 5 electric vehicle owners in California switched back to gas because charging their cars is a hassle, new research shows (F, TSLA, GM)
@niche: Xos Trucks Raises $20 Million, Partners with Tier 1 Automotive Supplier Metalsa000831
LOS ANGELES, Aug. 18, 2020 (GLOBE NEWSWIRE) — Xos Trucks, Inc., a leading manufacturer of fully electric commercial vehicles, today announced it has raised $20 million from a group of investors including Proeza Ventures, a mobility-focused VC firm backed by Metalsa’s holding company, and BUILD Capital Group. The financing, which closed in early 2020, will… Continue reading @niche: Xos Trucks Raises $20 Million, Partners with Tier 1 Automotive Supplier Metalsa000831
Vietnam’s answer to Tesla has U.S. in its electric sights
By James Pearson, Phuong Nguyen 8 Min Read HAIPHONG, Vietnam (Reuters) – Move over Tesla, how about a VinFast? A labourer works in VinFast’s factory in Hai Phong City, Vietnam, April 22, 2021. Picture taken April 22, 2021. REUTERS/Thanh Hue That’s the proposition being offered by the automobile arm of Vietnam’s largest conglomerate, Vingroup. It’s… Continue reading Vietnam’s answer to Tesla has U.S. in its electric sights
Tesla’s head of UI leaves and leaks unreleased Cybertruck and FSD images in the process
Tesla’s longtime head of user interface design has left the company, and he has leaked some images of previously unreleased UI design for the Cybertruck and Full Self-Driving software in the process. Pawel Pietryka was an art director at Apple before joining Tesla back in 2016. He quickly became Tesla’s head of user interface design… Continue reading Tesla’s head of UI leaves and leaks unreleased Cybertruck and FSD images in the process
CEO Mary Barra bets GM can grow beyond cars and trucks – Reuters
(Reuters) – Pam Fletcher wants to change the way General Motors Co makes money. The veteran GM engineer’s Global Innovation team is looking for new enterprises to expand the automaker’s sources of revenue well beyond vehicle sales and is incubating ventures from commercial delivery services to vehicle insurance, to address future markets worth an estimated… Continue reading CEO Mary Barra bets GM can grow beyond cars and trucks – Reuters
Enertech to Construct a Cylindrical Battery Manufacturing Plant in Russia
Enertech International plans to construct a cylindrical battery manufacturing plant in Russia. After operating the plant commercially in 2025, it plans to construct a 10GWh battery manufacturing plant by 2030. This is the first time that a South Korean company is constructing a battery manufacturing plant in Russia. This move by Enertech is part of… Continue reading Enertech to Construct a Cylindrical Battery Manufacturing Plant in Russia
Tesla’s earnings would have fallen short without EV tax credits and bitcoin sales, but this doesn’t change the long term trajectory of the company, Loup Ventures’ Gene Munster says (TSLA)
Tesla CEO Elon Musk. Maja Hitij/Getty Images Tesla would have lost $181 million without its electric vehicle tax credit and bitcoin sales. The company’s growth trajectory is still intact given record deliveries, Gene Munster says. “You have to pick pressure points on any given company and in the case of Tesla I think deliveries are… Continue reading Tesla’s earnings would have fallen short without EV tax credits and bitcoin sales, but this doesn’t change the long term trajectory of the company, Loup Ventures’ Gene Munster says (TSLA)
ALYI Highlights Cryptocurrency And Carbon Credit Potential In Light Of Tesla Earnings
DALLAS, April 27, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today highlighted Tesla’s record earnings with major contribution from Carbon Credit and Bitcoin sales. In light of Tesla’s success with Carbon Credits and Bitcoin, ALYI management pointed to its own Carbon Credit and Cryptocurrency strategy and the confidence in the company’s direction reflected in… Continue reading ALYI Highlights Cryptocurrency And Carbon Credit Potential In Light Of Tesla Earnings
Samsung may need to build its first US battery megafactory after its deal with Amazon-backed unicorn Rivian
The battery affiliate of the South Korean giant may need to build its first megafactory in the US. Samsung agreed a deal to build all lithium-ion cells for Amazon-backed EV truck company Rivian. One expert said the sheer numbers meant a US factory for Samsung SDI would make sense. See more stories on Insider’s business… Continue reading Samsung may need to build its first US battery megafactory after its deal with Amazon-backed unicorn Rivian