SAIC Motor, China’s largest state-owned carmaker and the Chinese partner of General Motors, has established a private equity fund to finance its forays into developing smart cars with the country’s biggest technology company Alibaba Group Holding. SAIC Motor would invest 5.4 billion yuan to create the 7.2 billion yuan (US$1 billion) fund with Shanghai Zhangjiang… Continue reading SAIC Motor, an early adopter of the smart car, sets up US$1 billion fund to invest in internet-linked vehicles with Alibaba
Tag: Tesla
World NM: Tesla to set up plant in Shanghai for EV chargers000542
Tesla plans to invest 42 million yuan ($6.4 million) in the new charger factory. Spread over an area of 4,841 square meters, the plant, set to be completed by February 2021, will have an annual production capacity of 10,000 chargers. China boasts the largest number of electric vehicle charging facilities in the world-over 1.32 million… Continue reading World NM: Tesla to set up plant in Shanghai for EV chargers000542
Tesla’s Elon Musk: Why our new model could be a Europe-designed hatchback
Tesla CEO Elon Musk says cramped parking spaces in Europe mean it would make sense for the first new Tesla model it designs in Berlin to be a compact electric vehicle like a hatchback. Artificial Intelligence Tesla is midway through constructing building its massive Berlin Gigafactory, where it will mass-produce electric vehicles starting with the… Continue reading Tesla’s Elon Musk: Why our new model could be a Europe-designed hatchback
Tesla to launch ‘special colors’ for the new Roadster electric supercar
Elon Musk confirmed that Tesla plans to launch ‘special colors’ for the new Roadster electric supercar. What color options do you want to see? When Tesla first unveiled the next-generation Tesla Roadster in 2017, Musk said that it will come to market in 2020. Now that we are at the end of 2020, it’s clear… Continue reading Tesla to launch ‘special colors’ for the new Roadster electric supercar
Tesla increases prices on next EU batch of Model S and Model X —sparking refresh rumors
Tesla has increased prices significantly for the next European batch of Model S and Model X vehicles. It is sparking rumors of a refresh. Tesla owners across Europe are reporting that the automaker updated its online configurator with an important price increase across the board. Model 3 is seeing a smaller price increase between €500… Continue reading Tesla increases prices on next EU batch of Model S and Model X —sparking refresh rumors
Nissan is looking to build electric Titan with the help of a little-known electric pickup startup
Nissan is reportedly in talks with a little-known US electric pickup startup called Hercules to build an electric version of its Titan pickup truck. It would be joining Tesla, Ford, Rivian, and others into electrifying the important segment in the US. Bloomberg reports that Nissan is in talks with Hercules Electric Vehicles: “The Japanese automaker… Continue reading Nissan is looking to build electric Titan with the help of a little-known electric pickup startup
Tesla recalls 9,500 Model X and Model Y cars over roof, bolt issues
Elon Musk, chairman and chief executive officer of Tesla Motors David Paul Morris | Bloomberg | Getty Images Tesla is recalling more than 9,500 of its Model X and Model Y electric vehicles over potentially faulty roof trim and bolts that could be inadequately tightened. The company’s stock dipped slightly early Wednesday before trading up… Continue reading Tesla recalls 9,500 Model X and Model Y cars over roof, bolt issues
UPDATE 1-Tesla issues two recalls covering 9,500 U.S. vehicles – NHTSA
By Reuters Staff 2 Min Read FILE PHOTO: A Tesla Model X is shown at a Tesla service center in Costa Mesa, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Tesla Inc is issuing two recalls covering about 9,500 vehicles for roof trim that may separate and bolts that may not have… Continue reading UPDATE 1-Tesla issues two recalls covering 9,500 U.S. vehicles – NHTSA
VW’s Diess talks electrification and the value of Tesla – Automotive News Europe
Volkswagen Group’s future direction is clear to its CEO, Herbert Diess: The solution is electric mobility. With its program for full-electric cars in all the main market segments, VW aims to comply with increasingly tougher global CO2 emissions regulations and also make a contribution to a greener planet. Diess, 62, talked about this, changes in… Continue reading VW’s Diess talks electrification and the value of Tesla – Automotive News Europe
Tesla’s first full battery cell factory will produce up to 250 GWh — roughly the current world capacity
Tesla’s first full-scale battery cell factory, which is located at Tesla Gigafactory Berlin, will produce up to 250 GWh, according to new comments from Elon Musk. That’s roughly the current world battery cell production capacity. At its “Battery Day” earlier this year, Tesla unveiled its own battery cell, the Tesla 4680, and explained its plan to… Continue reading Tesla’s first full battery cell factory will produce up to 250 GWh — roughly the current world capacity