TOKYO — Toyota Motor will procure some of its electrical steel sheet from China Baowu Steel Group, China’s largest steel supplier, in a move that could presage an era in which Japanese steel-makers will have to compete on price as well as quality, Nikkei has learned. Steel sheet is a high-performance product and a crucial… Continue reading Toyota sources crucial steel product from China’s Baowu
Tag: Tesla
Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation
(Reuters) – Electric car maker Fisker will go public through a merger with a blank check company backed by private equity firm Apollo Global Management Inc at a valuation of $2.9 billion, the companies said on Monday. FILE PHOTO: Fisker logo is seen on a Fisker Karma car at the “Auto 2016″car show in Riga,… Continue reading Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation
@Hyundai: Hyundai/Kia’s EV Heat Pumps a Benchmark for Other Brands
You have surely once felt that your smartphone batteries run out faster during winter. This is not just a feeling; scientifically, low temperature increases the lithium-ion battery’s internal resistance, effectively reducing its energy efficiency. The same principle applies to electric car batteries. Come winter, the EV range (distance traveled by car on a single charge)… Continue reading @Hyundai: Hyundai/Kia’s EV Heat Pumps a Benchmark for Other Brands
Tesla cancels cheapest Model Y, Elon Musk says range would be too low
Tesla is canceling the cheapest version of Model Y as Elon Musk says the range would have been too low, but the automaker is still planning a lower price version “in a few months.” Over the years, Tesla has been known to often change its vehicle configuration throughout its vehicle lineup. The automaker went from… Continue reading Tesla cancels cheapest Model Y, Elon Musk says range would be too low
Tesla updates Model S and Model X Supercharging rate to 250 kW
Tesla has updated the Supercharging rate of the Model S and Model X to 250 kW — matching the capacity of the Model 3 and Model Y. What does it mean? When Tesla launched Supercharger V3 last year, the automaker made it clear that only Model 3 would take full advantage of the new 250 kW charge… Continue reading Tesla updates Model S and Model X Supercharging rate to 250 kW
Auto industry: false start with VW’s own auto software: top manager has to vacate his position
Christian Senger A new task is being sought for the manager. (Photo: Volkswagen AG) Frankfurt, Munich In the ranks of Volkswagen Christian Senger is one of the most capable minds. The graduate engineer led the development of the ID electrical series for the car manufacturer Volkswagen wants to create entry into electromobility. The pace at… Continue reading Auto industry: false start with VW’s own auto software: top manager has to vacate his position
The CEO of Lucid Motors reveals the most important lesson he learned from Elon Musk when he worked for him at Tesla
Lucid Motors CEO Peter Rawlinson worked for Tesla CEO Elon Musk from 2009 to 2012. Rawlinson said the biggest lesson he learned from Musk is the importance of relentless optimism. “Sometimes you have to put all your chips in,” Rawlinson said. Are you a current or former Lucid employee? Do you have an opinion about… Continue reading The CEO of Lucid Motors reveals the most important lesson he learned from Elon Musk when he worked for him at Tesla
Late bloomer Hyundai speeds past BYD in electric vehicle sales
SEOUL — Hyundai Motor, once a perennial also-ran in next-generation autos, has rapidly gained ground against rivals, surpassing Chinese peer BYD to take fourth place in the global electric vehicle market. The South Korean automaker held an 8% market share in the first quarter of this year, selling 24,000 vehicles, compared with BYD’s 6%, according… Continue reading Late bloomer Hyundai speeds past BYD in electric vehicle sales
This VC just raised $150 million to invest in ground transportation startups. He says there are better opportunities than trying to find the next Tesla. (AAPL, LYFT, TSLA)
Quin Garcia’s venture firm, Autotech Ventures, is on the lookout for new deals. Autotech focuses on startups that are involved in ground transportation in some way, but instead of looking for the next Tesla, it invests in those making software or services or that are developing marketplaces. It’s already had some notable successes — it… Continue reading This VC just raised $150 million to invest in ground transportation startups. He says there are better opportunities than trying to find the next Tesla. (AAPL, LYFT, TSLA)
Chinese EV maker Li Auto files for U.S. listing
BEIJING (Reuters) – Chinese electric vehicle (EV) maker Li Auto Inc, backed by food delivery giant Meituan Dianping (3690.HK), has filed for a U.S. initial public offering. The move, announced on Friday, comes as share prices of EV makers including Tesla Inc (TSLA.O) and Nio Inc (NIO.N) have surged in recent months. Five-year-old Li Auto,… Continue reading Chinese EV maker Li Auto files for U.S. listing