Tesla will update software on about 285,000 vehicles in China, a state regulator said on Saturday. Autopilot software will be updated on some Model 3 and Y vehicles, Reuters reported. Drivers “easily activate the cruise control function by mistake,” the regulator said, AFP reported. See more stories on Insider’s business page. About 285,000 Tesla vehicles… Continue reading Tesla is recalling around 285,000 vehicles in China because drivers are switching on its Autopilot feature by accident. It plans to update the software remotely.
Tag: Tesla
Panasonic unloads entire Tesla stake
OSAKA — Panasonic sold its entire stake in key battery customer Tesla — a holding worth around 400 billion yen ($3.6 billion) — last fiscal year, Nikkei learned Friday. The move gives the Japanese company billions of dollars to fund new strategic investments, such as the $7.1 billion purchase of U.S. software company Blue Yonder.… Continue reading Panasonic unloads entire Tesla stake
Tesla battery supplier Panasonic sold its entire TSLA stake for an insane profit
Panasonic, Tesla’s main battery supplier, confirmed that it sold its entire stake in the electric automaker, and it claims that it won’t change its relationship. Believe it or not, there was a time when Tesla had issues convincing battery suppliers to sell them cells. No one had put cylindrical li-ion battery cells in an electric… Continue reading Tesla battery supplier Panasonic sold its entire TSLA stake for an insane profit
Panasonic sells Tesla stake for $3.6 billion
A logo of Panasonic Corp is pictured at the Combined Exhibition of Advanced Technologies at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo Panasonic wants to reduce reliance on Tesla Panasonic seeks to raise cash for investing in growth Sale will not change relationship – Panasonic spokesperson TOKYO, June 25 (Reuters)… Continue reading Panasonic sells Tesla stake for $3.6 billion
Chinese EV maker Xpeng to list on Hong Kong Stock Exchange …
Chinese electric-vehicle maker Xpeng Inc said on Thursday it was looking to list its common shares on the Hong Kong Stock Exchange as part of a global offering to raise as much as $2 billion. After the proposed listing, Xpeng‘s Class A ordinary shares in Hong Kong will be convertible with its American depositary shares (ADS) that are… Continue reading Chinese EV maker Xpeng to list on Hong Kong Stock Exchange …
Elon Musk Dumped Radar for Tesla’s Self-Driving Cars. His A.I. Chief Explains Why.
Reuters Videos Nasdaq jumps to record high The Nasdaq closed at its highest level – ever – on Tuesday, as Federal Reserve Chairman Jerome Powell told lawmakers the Fed is keeping an eye on inflation but is still a long way from removing crisis-era assistance to the economy.The Dow rose 68 points. The S&P 500… Continue reading Elon Musk Dumped Radar for Tesla’s Self-Driving Cars. His A.I. Chief Explains Why.
Chinese Tesla rival Xpeng Motors to raise up to $2 billion in Hong Kong listing
Xpeng Motors will raise money to compete in China’s increasingly crowded electric car market against the likes of Tesla and Nio. Go to Source
Sputtering Nissan-Renault alliance stirs shareholder unrest
TOKYO — Nissan Motor’s general shareholders meeting Tuesday spotlighted the struggles of the automaker’s alliance with Renault and Mitsubishi Motors, a partnership that initially promised to rival the likes of Toyota Motor and Volkswagen. Nissan CEO Makoto Uchida apologized to investors for the gap that has opened between Nissan and its rivals, and also for… Continue reading Sputtering Nissan-Renault alliance stirs shareholder unrest
Northvolt, founded by a former Tesla exec, is Europe’s $11.75 billion battery hope. It has a public listing in its sights.
The Swedish startup Northvolt announced Monday it had raised an additional $2.75 billion. The electric-vehicle-battery maker counts Volkswagen, Goldman, and Spotify’s CEO among its backers. CEO Peter Carlsson said the company will eventually need to draw on funds from public markets. See more stories on Insider’s business page. A Swedish startup that is building one… Continue reading Northvolt, founded by a former Tesla exec, is Europe’s $11.75 billion battery hope. It has a public listing in its sights.
World NM: BMW Reportedly Wants to Cut Production Costs by 25% Within the Next Five Years001345
According to BMW board member Milan Nedeljkovic, who’s in charge of production for the Bavarian brand, his company will significantly reduce its production costs by the middle of this decade in an attempt to keep up with rivals such as the VW Group, Daimler, and of course, Tesla. “We will lower the production costs per… Continue reading World NM: BMW Reportedly Wants to Cut Production Costs by 25% Within the Next Five Years001345