Napolitano wants to attract a different kind of buyer for Lancia. Currently, two thirds of buyers are women, with an average age of 45 and with no children in their household. He sees future models as drawing buyers with an average age of 55, but with at least one child still at home, and evenly… Continue reading Lancia CEO outlines Europe expansion plans – Automotive News Europe
Tag: Tesla
Electric vehicle battery cost falls to $132 per kWh, but it might go up from there
The cost of electric vehicle battery packs has fallen to $132 per kWh – continuing decades of cost improvements. However, it might go up over the next year as increased material prices are catching up to incremental cost improvements. Price per kWh is the metric used to track the price of batteries. It can be… Continue reading Electric vehicle battery cost falls to $132 per kWh, but it might go up from there
Elon Musk shills a $50 Tesla Cyberwhistle with a joke about whistleblowers
Tesla has yet to produce its all-electric Cybertruck, but diehard fans who need to lay their hands on something new and associated with the highly anticipated and delayed vehicle can now buy a cyberwhistle for $50. Yes, a whistle. Tesla CEO Elon Musk tweeted Tuesday a link to the webpage for his 65.1 million followers to… Continue reading Elon Musk shills a $50 Tesla Cyberwhistle with a joke about whistleblowers
LG Energy Solution receives preliminary approval for its IPO
The company mandated KB Securities and Morgan Stanley to lead the proposed deal. South Korea’s LG Energy Solution (LGES) has received preliminary approval for its initial public offering, the Korea Exchange said on Tuesday. LGES, LG Chem Ltd‘s wholly owned battery subsidiary which supplies Tesla Inc, General Motor Co and Hyundai Motor Co among others,… Continue reading LG Energy Solution receives preliminary approval for its IPO
Tesla enables in-car purchases and subscriptions
Tesla has started to enable in-car purchases and subscriptions in its latest software updates. Owners can buy a ‘Premium Connectivity’ straight from their center console inside Tesla vehicles. Over the years, Tesla has started to find opportunities to sell upgrades to its owners by unlocking software features inside its vehicles. Originally, owners needed to log… Continue reading Tesla enables in-car purchases and subscriptions
Vietnam’s Vingroup seeks to raise $1b from global investors for car unit
Vietnam’s largest conglomerate Vingroup is in talks with investors, including Qatar’s sovereign fund and BlackRock, to privately raise about $1 billion in equity for its car unit, three sources aware of the matter said. The fundraising exercise comes as VinFast, Vingroup‘s automobile arm, is betting big on the U.S. market, where it hopes that its electric SUVs and a battery leasing model will be enough… Continue reading Vietnam’s Vingroup seeks to raise $1b from global investors for car unit
GM’s Mary Barra Pressed To Acknowledge Tesla, Avoids And Refuses – InsideEVs
Kudos to CNBC’s Andrew Sorkin for carrying out a real interview here. He asked General Motors CEO Mary Barra the hard questions – primarily about Tesla – though she avoided answering them at all costs. Sorkin took it a step further by repeatedly pressing Barra to at least so much as acknowledge Tesla’s lead, success, etc., but she… Continue reading GM’s Mary Barra Pressed To Acknowledge Tesla, Avoids And Refuses – InsideEVs
Musk highlights ‘supply chain nightmare’ in tweet
Tesla’s Cybertruck is displayed at Manhattan’s Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon Register now for FREE unlimited access to reuters.com Register Nov 29 (Reuters) – Tesla Inc (TSLA.O) Chief Elon Musk on Monday pointed to the challenges stemming from supply chain problems on Cybertruck’s production, even though the company… Continue reading Musk highlights ‘supply chain nightmare’ in tweet
Tesla to invest $188 million to expand Shanghai factory capacity -Beijing Daily
SHANGHAI, Nov 26 (Reuters) – Tesla Inc (TSLA.O) plans to invest up to 1.2 billion yuan ($187.91 million) to expand production capacity at its Shanghai factory that will allow it to employ 4,000 more people at the site, state-backed Beijing Daily newspaper reported on Friday. The newspaper attributed the information to a Shanghai government platform… Continue reading Tesla to invest $188 million to expand Shanghai factory capacity -Beijing Daily
World NM: Memo From Elon Musk Asks Tesla Employees to Stop Rushing Deliveries001659
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