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
Tag: Tesla
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
Stellantis locks in lithium supply agreement to secure EV battery materials
Stellantis, the global corporation formed through a merger between Fiat Chrysler Automobiles and French automaker Groupe PSA, signed a binding agreement with a lithium producer as more automakers look to secure key parts of the battery supply chain. The agreement is one in a flurry of deals between automakers and suppliers as the demand for… Continue reading Stellantis locks in lithium supply agreement to secure EV battery materials
NIO & Shell Strike Deal to Enhance EV Driver Experience
NIO Inc. NIO recently announced a partnership with energy giant Royal Dutch Shell (RDS.A) to enhance the charging experience for electric vehicle (EV) customers by jointly constructing and operating a network of co-branded battery swapping stations. The agreement encompasses a plan to develop a network of 100 battery swapping stations in China by 2025, starting… Continue reading NIO & Shell Strike Deal to Enhance EV Driver Experience
Portl Raises $12M in Series A Funding
Portl, a Los Angeles CA-based company plug & play holoportation platform, raised $12M Series A funding. The round was led by True Capital Management with participation from Tim Draper (Tesla, SpaceX, Skype), Marshawn Lynch, Quavo, Breanna Stewart, Albert Pujols, Luke Walton, Robert Griffin III (RG III), Deandre Ayton, Nneka Ogwumike, and Managing Partners of Structure Capital, Jillian Manus (Uber) and Mike Walsh (Uber, SalesForce). The company intends to use… Continue reading Portl Raises $12M in Series A Funding