Tesla – Page 2250 – I wish I had more to offer

@niche: Press Lordstown Motors’ new electric pickup may hit the market before Tesla’s Cybertruck

Go to Source

BMW wants customers to pay a subscription fee to use features the car already has installed, like a heated steering wheel or adaptive cruise control

In July, BMW will roll out a sweeping software update that includes digital personalization and on-demand functions. The automaker envisions a future where people will subscribe to existing features on their cars, such as a heated steering wheel or adaptive cruise control. The software will be compatible with BMWs with the automaker’s latest Operating System… Continue reading BMW wants customers to pay a subscription fee to use features the car already has installed, like a heated steering wheel or adaptive cruise control

ALYI – Alternet Sustainable EV Ride-share Business Accelerates Amid Industry Momentum

DALLAS, July 7, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today confirmed a $2.5 million prefunding deal in conjunction with a recently announced $25 million first tranche investment at a $50 million enterprise valuation that is anticipated to close within the next 90 days (see more investment details below). The $2.5 million confirmation is made in… Continue reading ALYI – Alternet Sustainable EV Ride-share Business Accelerates Amid Industry Momentum

Obrist Mark II Could Be The Affordable Alternative To The Tesla Model 3

Getting everyone to drive an EV is not just a matter of will. Above all, it is a matter of (financial) possibilities and convenience. It is not enough to convince someone they will save a lot of money with an electric car if they cannot afford to buy one. That is the role the Nissan… Continue reading Obrist Mark II Could Be The Affordable Alternative To The Tesla Model 3

Struggling EV startup Byton received paycheck protection loan in April

Chinese EV startup Byton received a loan of between $5 million and $10 million from the government’s COVID-19-related Paycheck Protection Program (PPP) in April, shortly after it furloughed hundreds of employees, according to new data released by the Treasury Department. Byton — which is backed by Chinese state-owned automaker First Auto Works — said in… Continue reading Struggling EV startup Byton received paycheck protection loan in April

Tesla salespeople say years of layoffs and furloughs have made them doubt their job security (TSLA)

Tesla has laid off employees or put them on furlough in each of the past three years. The moves have left some Tesla employees with doubts about their job security. “We feel like there’s an axe over our head every day at Tesla,” said a current salesperson who works on the West Coast. “They lay… Continue reading Tesla salespeople say years of layoffs and furloughs have made them doubt their job security (TSLA)

Tesla is transforming how cars are sold. But 27 insiders say the company’s methods mean slashed pay and living under the constant threat of getting laid off. (TSLA)

Business Insider spoke with 27 current and former Tesla sales employees about the changes the company has made to their jobs and the way it sells cars. Some said they were frustrated by compensation changes that have cut their overall pay and disappointed in their store’s response to the coronavirus. Others complimented Tesla’s efforts to… Continue reading Tesla is transforming how cars are sold. But 27 insiders say the company’s methods mean slashed pay and living under the constant threat of getting laid off. (TSLA)

LG Chem Secures Bigger Tesla Battery Contract

Tesla News
EV News
Solar News
Electric Car Benefits
Electric Car Sales
Contact
Privacy Policy
Invest
Advertise
RSS

Batteries

Published on July 5th, 2020 |

by Zachary Shahan

LG Chem Secures Bigger Tesla Battery Contract

Twitter
LinkedIn
Facebook

July 5th, 2020 by Zachary Shahan

Global battery giant LG Chem has reportedly secured a bigger order of batteries from Tesla due to higher demand and an inability for Tesla to produce enough batteries for its cars on its own. At least, that’s the news out of Korea, where LG Chem is based, according to Reuters.

A source also told Reuters that Tesla was asking other battery producers (probably CATL and Panasonic) to increase battery supplies to help it meet growing consumer demand.

While it’s already been known that LG Chem is producing batteries in China for Tesla’s “Made-in China Model 3s,” one of the Reuters sources indicated that LG Chem is also changing over production lines in South Korea to produce batteries for Tesla.

As we’ve reported in recent weeks and as you can see in our chart above, the Tesla Model 3 is hugely popular in China and has been dominating the electric vehicle sales chart there this year. This follows Tesla recently ramping up mass production of the Made-in-China Model 3.

The Model 3 is also selling well in Europe, where it’s in a tight race with the Renault Zoe for the title of best selling plug-in vehicle in Europe, and in the United States, where it was the top selling vehicle of any kind or class in California in the 1st quarter.

The Reuters report did not indicate which factory the LG Chem would be headed to, but it would presumably be Tesla’s China gigafactory (Giga Shanghai), since Gigafactory 1 (Giga Nevada) should be producing enough batteries for Tesla’s vehicle production capacity in Fremont, California.

Aside from Tesla’s growth, LG Chem’s battery business has been growing like bamboo as European electric vehicle sales have exploded and EVs haven’t done too bad in a handful of other countries despite the coronavirus pandemic. Check out more recent LG Chem news to catch up on the company:

Recent LG Chem, CATL, & SK Innovation Battery News
LG Chem Has Begun Mass Production Of NCM712 Batteries In Poland
Hyundai, Kia, & LG Chem Plan To Suck The Blood Of EV & Battery Startups
19× More Invested In EVs & EV Batteries In Europe Last Year Than In 2018
LG Chem & Panasonic In Tight Race To Be #1 EV Battery Supplier, CATL Solidly #3
Work Begins On GM/LG Chem GigaPower Battery Factory
Lack Of Batteries Forces Audi To Curtail Production Of e-tron Electric SUV — Who Would’ve Predicted It?

Latest CleanTechnica.TV Episode

Latest Cleantech Talk Episode

About the Author

Zachary Shahan is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao.

Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he does not offer (explicitly or implicitly) investment advice of any sort on Tesla or any other company.

Advertise with CleanTechnica to get your company in front of millions of monthly readers.

Power CleanTechnica: $3/Month

Audi A9 E-tron: electric luxury saloon due in 2024

The aim with Artemis is to emulate the inherent agility and speed of execution of rival electric start-up brands and leading motor racing teams. Duesmann said the new working group will be given a “large degree of freedom and will work globally”. Key contributors to Artemis will be Audi’s own InCampus technical hub and the… Continue reading Audi A9 E-tron: electric luxury saloon due in 2024

Tesla: Gigafactory Berlin in Grünheide should cost a billion euros

The US electric car makerTeslaplans construction costs of around EUR 1.065 billion for its first factory in Europe. This comes from an updated application for environmental approval, which was published on Thursday. The construction work is expected to last until March 2021. Production in Grünheide near Berlin, which is scheduled to start in July 2021,… Continue reading Tesla: Gigafactory Berlin in Grünheide should cost a billion euros