The company told prospective investors this month it plans to locate the plant in a “tier one Chinese city” and envisions that it will have the capacity to make over 100,000 vehicles a year in its initial phase, one of the sources said. By Yilei Sun and Brenda Goh SHANGHAI: Embattled startup Faraday Future will… Continue reading Faraday Future to push forward with EV project in China will enlist Geely’s help: Sources
Tag: Tesla
Nidec chief predicts a $3,000-car era with spread of EVs
TOKYO — Car prices will fall to below $3,000 each, creating new demand in India, Africa and the Middle East, said Shigenobu Nagamori, chairman and CEO of the world’s largest motor maker Nidec, on Monday. “The price of a car will drop to as low as 300,000 yen ($2,890), resulting in a spike in demand… Continue reading Nidec chief predicts a $3,000-car era with spread of EVs
Tesla sues former employee for allegedly stealing software
Tesla is suing a former employee for allegedly stealing company information, CNBC reported. The company says software engineer Alex Khatilov stole files from Tesla’s internal network related to its Warp Drive software, used to automated many of the company’s business processes. Tesla alleges in the lawsuit that Khatilov moved files to his personal Dropbox account,… Continue reading Tesla sues former employee for allegedly stealing software
German Handelsblatt: Car manufacturer: VW is apparently examining damages from Bosch and Continental001168 due to lack of chips
Volkswagen The bottleneck in computer components has forced Volkswagen to cut production since December. (Photo: dpa) Frankfurt According to a report, the car manufacturer Volkswagen, forced to cut production due to a lack of semiconductor components, is examining claims for damages against its suppliers Bosch and Continental. The industry newspaper “Automobilwoche” reported on Sunday that… Continue reading German Handelsblatt: Car manufacturer: VW is apparently examining damages from Bosch and Continental001168 due to lack of chips
Chinese EV startup Aiways said to seek funding ahead of IPO: Report
Aichi Automobile, a Chinese electric vehicle (EV) startup better known as Aiways, is in the market raising a new funding round that could give it a valuation of over $2 billion before its potential initial public offering (IPO) in the US. Chinese ride-hailing giant Didi Chuxing is one of the investors mulling participating in the… Continue reading Chinese EV startup Aiways said to seek funding ahead of IPO: Report
Tesla engineering director Joseph Mardall leaves for drone start-up Zipline
Low-angle view of the facade of Tesla Motors dealership with logo and sign in Pleasanton, California, July 23, 2018. (Photo by Smith Collection/Gado/Getty Images) Smith Collection/Gado An influential engineering director at Tesla, Joe Mardall, has resigned his position at the automaker to become head of engineering at Zipline, according to his own LinkedIn profile. Zipline… Continue reading Tesla engineering director Joseph Mardall leaves for drone start-up Zipline
Elon Musk targets telecom for next disruption with Starlink internet
Elon Musk became the world’s richest person this month by upending the global auto industry and disrupting aerospace heavyweights with reusable rockets. Now he’s setting his sights on another business dominated by entrenched incumbents: telecommunications. Musk’s Space Exploration Technologies Corp. has launched more than 1,000 satellites for its Starlink internet service and is signing up… Continue reading Elon Musk targets telecom for next disruption with Starlink internet
Tesla claims engineer stole secrets just days into the job
By Joel Rosenblatt A former Tesla Inc. software engineer was ordered to appear before a judge to face allegations that three days into his job, he started stealing confidential files and transferring them to a personal storage account. During his two-week employment ending Jan. 6, Alex Khatilov stole more than 6,000 scripts, or files of… Continue reading Tesla claims engineer stole secrets just days into the job
One of the first Tesla Roadsters ever made just auctioned for $182,000 — nearly double its original price
The original Tesla Roadster is the first car Tesla ever made. The first 100 Roadsters built were part of the limited-edition “Signature One Hundred” series. No. 38 just sold for $182,000 on car auction website Bring a Trailer. Visit Business Insider’s homepage for more stories. There’s no doubt Tesla is a big deal, and perhaps… Continue reading One of the first Tesla Roadsters ever made just auctioned for $182,000 — nearly double its original price
Elon Musk says he’ll throw $100 million into carbon capture tech. VCs including Vinod Khosla told us these 4 startups are leading the way.
Tesla chief Elon Musk said Thursday that he’s putting $100 million towards a prize for the “best” carbon-capture technology. Scientists say carbon capture is necessary to achieve the goals under the Paris Agreement, which the US just rejoined. We talked to top VCs including Vinod Khosla in December about which startups to watch, and they… Continue reading Elon Musk says he’ll throw $100 million into carbon capture tech. VCs including Vinod Khosla told us these 4 startups are leading the way.