A Volkswagen joint venture in China is buying green car credits from Tesla to help stay within local environmental rules, according to a Reuters report. The deal, the first of its kind to be reported between the two companies in China, highlights the scale of the task VW faces to transform its huge petrol carmaking… Continue reading VW China venture buys green credits from Tesla to meet local rules
Tag: Tesla
China Tech Digest: ByteDance’s Valuation Closes To $400bn; Volkswagen May Buy Carbon Credits
London, United Kingdom – October 05, 2018: Close-up shot of musical.ly Inc.’s popular app TikTok – including musical.ly. ByteDance’s valuation is reported to be close to US$400 billion Several people familiar with the matter said today that for private equity investors, the valuation of ByteDance, the parent company of Douyin, is approaching US$400 billion. If… Continue reading China Tech Digest: ByteDance’s Valuation Closes To $400bn; Volkswagen May Buy Carbon Credits
Tesla Model 3 becomes more popular as NYC yellow cab
The Tesla Model 3 is becoming more popular as a yellow cab in New York City as more people adopt the electric car after doing the math. In October 2019, Electrek was first to report that the New York City Taxi and Limousine Commission (TLC), which oversees the city’s fleet of yellow cabs, has approved the Tesla… Continue reading Tesla Model 3 becomes more popular as NYC yellow cab
Biden aims to juice EV sales, but would his plan work?
David Kirsch, a professor of strategy and entrepreneurship at the University of Maryland, said the Biden plan isn’t really a tipping point that will turn consumers from combustion to electric vehicles. DETROIT: Dangling tax credits and rebates in his drive to fight climate change, President Joe Biden wants you to trade your gas-burning car, truck… Continue reading Biden aims to juice EV sales, but would his plan work?
Tesla is selling electric car credits to Volkswagen in China
A new report states that Tesla is selling electric car credits to Volkswagen in China, as the latter hasn’t managed to catch up to the zero-emission mandate yet. In 2018, China implemented a zero-emission mandate to force automakers to build more electric vehicles in the country. By the end of last year, automakers had to… Continue reading Tesla is selling electric car credits to Volkswagen in China
Volkswagen pulls name-change stunt after it backfires on social media
WASHINGTON (Reuters) -Volkswagen AG’s U.S. unit apologized on Wednesday after a false statement it issued about a name change was widely slammed on social media. FILE PHOTO: A Volkswagen logo is show with an American flag at a car dealership in Carlsbad, California, U.S., September 23, 2020. REUTERS/Mike Blake/File Photo The company acknowledged that the… Continue reading Volkswagen pulls name-change stunt after it backfires on social media
Exclusive: Volkswagen to buy credits from Tesla in China to comply with environmental rules – sources
By Yilei Sun, Tony Munroe 3 Min Read BEIJING (Reuters) – A Volkswagen joint venture in China has agreed to buy green car credits from Tesla to help meet local environmental rules, three people briefed on the matter told Reuters. FILE PHOTO: Volkswagen’s new electric car ID.4 SUV is pictured during its handover by the… Continue reading Exclusive: Volkswagen to buy credits from Tesla in China to comply with environmental rules – sources
U.S. ITC says SK Innovation didn’t infringe on LG Energy Solution patents
By Reuters Staff 1 Min Read FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – The U.S. International Trade Commission (ITC) said on Wednesday South Korean battery company SK Innovation Co Ltd did not violate rival LG… Continue reading U.S. ITC says SK Innovation didn’t infringe on LG Energy Solution patents
Tesla is going to hire over 10,000 people at Gigafactory Texas over next year, launches student worker effort
Tesla is going to hire over 10,000 employees at Gigafactory Texas over the next year. CEO Elon Musk has gotten involved in the recruiting effort, and Tesla has launched an initiative to try to hire student workers. As Electrek reported earlier this week, Tesla is starting a hiring spree at Gigafactory Texas with many new… Continue reading Tesla is going to hire over 10,000 people at Gigafactory Texas over next year, launches student worker effort
Tesla (TSLA) could surprise with strong deliveries in Q1 despite production constraints
Tesla (TSLA) might surprise us with deliveries in the first quarter, despite having run into some issues on the production side. The first quarter is about to end, and Tesla is expected to release its production and delivery results by the end of the week. The market is trying to estimate how many vehicles Tesla… Continue reading Tesla (TSLA) could surprise with strong deliveries in Q1 despite production constraints