HONG KONG — China’s emerging electric vehicle brands have reported strong sales and narrowed losses last year despite Tesla’s aggressive pricing strategy to gain customers in the world’s largest auto market. While overall car sales have declined for three consecutive years in China due to a slowing economy, sales of electric vehicles are still growing… Continue reading Chinese EV startups’ sales accelerate despite pressure from Tesla
Tag: Tesla
Volkswagen hikes battery cell demand in aggressive EV expansion
By Jan Schwartz, Christoph Steitz 2 Min Read Slideshow ( 2 images ) FRANKFURT (Reuters) – Volkswagen requires about 300 gigawatt hours (GWh) worth of battery cells a year by the end of the decade for its ambitious roll out of electric vehicles in Europe, two people familiar with the matter told Reuters. The supply… Continue reading Volkswagen hikes battery cell demand in aggressive EV expansion
Tesla and LG in talks to produce 4680 battery cell at new factory
Tesla and LG Energy Solutions are reportedly in talks to produce the automaker’s new 4680 battery cell at a brand-new factory potentially in Europe or the US. LG became one of Tesla’s official battery partners when it started supplying battery cells for the Model 3 vehicles produced by the latter in China. It became only… Continue reading Tesla and LG in talks to produce 4680 battery cell at new factory
Tesla says ‘full self-driving’ beta software will never be fully autonomous, emails to regulators show (TSLA)
Tesla told regulators its “full self-driving” beta won’t be fully autonomous when it’s released. Emails between Tesla and California’s DMV about the software were made public on Friday. The emails appear to contradict some of what CEO Elon Musk has said about the tech. Visit the Business section of Insider for more stories. From launching… Continue reading Tesla says ‘full self-driving’ beta software will never be fully autonomous, emails to regulators show (TSLA)
Polestar, ChargePoint introduce seamless charging in new partnership
A new alliance between Swedish electric performance automaker Polestar and EV infrastructure startup ChargePoint takes aim at the charging experience with the debut of an in-car app that will let customers seamlessly charge their Polestar 2 model vehicles. Seamless charging—being able to pull up to a charging station, plug in and let the vehicle handle… Continue reading Polestar, ChargePoint introduce seamless charging in new partnership
While eyeing a SPAC, Swedish autonomous EV company Einride nears $75 million in new funding
Swedish autonomous electric vehicle startup Einride is aiming to continue the momentum sparked by partnerships with Oatly and Lidl by seeking additional capital, TechCrunch has learned. Einride is seeking $75 million in new financing, while at the same time exploring the potential for a public listing through a special purpose acquisition company, according to people… Continue reading While eyeing a SPAC, Swedish autonomous EV company Einride nears $75 million in new funding
Tesla is behind a secretive big battery project in Texas
Tesla is apparently behind a somewhat secretive big battery project in Texas, a state in which people have been calling for improvements to the electric grid. The project is located in Angleton, near Houston. Tesla has attempted to distance itself from the project with an LLC, but Bloomberg managed to link Tesla to the LLC… Continue reading Tesla is behind a secretive big battery project in Texas
Tesla’s communications with DMV over Full Self-Driving are released and they bring some confusion
Tesla’s communications with DMV over the release of its Full Self-Driving Beta have been released through a freedom of information request. Some of the comments made by Tesla to the DMV are bringing some confusion to people, as they could be interpreted as contradicting what Tesla and Elon Musk are saying publicly. We look into… Continue reading Tesla’s communications with DMV over Full Self-Driving are released and they bring some confusion
Chinese electric vehicle maker Xpeng’s fourth-quarter net loss narrows 42%
By Reuters Staff 2 Min Read Slideshow ( 2 images ) BEIJING (Reuters) – Chinese electric vehicle (EV) maker Xpeng Inc said on Monday its net loss in the fourth quarter of last year narrowed 42% from the same period in 2019, as EV sales increased in the world’s biggest car market. New York-listed Xpeng,… Continue reading Chinese electric vehicle maker Xpeng’s fourth-quarter net loss narrows 42%
German Manager Magazin: Spacs: How traditional car manufacturers can also increase their market value000629
manager magazin: Mr. Kames, Volkswagen sells around 10 million cars, generated around 10 billion euros in profit in 2020 despite the corona pandemic and is valued at 92 billion euros on the stock exchange. The Chinese electrical competitor Nio sells 44,000 cars, was on the verge of financial failure two years ago – and is… Continue reading German Manager Magazin: Spacs: How traditional car manufacturers can also increase their market value000629