Shares of LG Chem rise after report of Tesla’s interest in battery unit

By Reuters Staff 3 Min Read SEOUL (Reuters) – Shares of LG Chem Ltd, which supplies batteries to Tesla Inc, climbed on Tuesday, after media said the U.S. electric vehicle maker was looking to acquire a stake in a battery unit the South Korean company wants to dispose of. FILE PHOTO: A Tesla logo is… Continue reading Shares of LG Chem rise after report of Tesla’s interest in battery unit

Elon Musk hints that Tesla’s factories in Berlin and Shanghai will each design and build ‘original cars’

Elon Musk appeared to confirm on Monday that the US-based electric-vehicle company is planning to eventually design and manufacture new and differing car models at Gigafactory Shanghai and Berlin. This comes as Musk recently presented at Tesla’s “Battery Day” on September 22 that he expects a $25,000 “fully autonomous electric vehicle” to hit the automobile… Continue reading Elon Musk hints that Tesla’s factories in Berlin and Shanghai will each design and build ‘original cars’

Elon Musk says Tesla will ‘probably’ make 20 million electric vehicles a year by 2030 — more than 50 times what it produced last year

CEO Elon Musk said Tesla expected to produce 20 million electric vehicles per year before 2030. This is more than 50 times what Tesla produced in 2019. Musk also said he expected the electric vehicle market to produce more than 30 million vehicles annually by 2027. Visit Business Insider’s homepage for more stories. Tesla will… Continue reading Elon Musk says Tesla will ‘probably’ make 20 million electric vehicles a year by 2030 — more than 50 times what it produced last year

World NM: Chinese automaker unveils flying electric car000187

Sept. 26 (UPI) — A Chinese auto maker revealed an electric flying vehicle at the 2020 Beijing International Automotive Exhibition Saturday. The car, dubbed the Kiwigogo, can carry up to two passengers and is designed to flow at altitudes between 16 and 82 feet, according to Xpeng Motors, the Alibaba-backed manufacturer that produced the car.… Continue reading World NM: Chinese automaker unveils flying electric car000187

California’s ban of gas-powered cars by 2035 looks great for Tesla, but could distract the young automaker from its best chance to grow (TSLA)

When California Gov. Gavin Newsom announced last week that the state would ban new sales of internal-combustion engines after 2035, the obvious and immediate reaction was, “This has to be great news for Tesla!” And it is great news for America’s dominant electric-vehicle manufacturer, which currently makes almost all its cars in the Golden State.… Continue reading California’s ban of gas-powered cars by 2035 looks great for Tesla, but could distract the young automaker from its best chance to grow (TSLA)

Tesla will face challenges with a new battery technology, experts say

Welcome to Insider Energy, a weekly energy newsletter brought to you by Business Insider.  Here’s what you need to know: Want to get Insider Energy in your inbox every Friday? Sign up here.  Do you have feedback or story tips? Reach out to me at bjones@businessinsider.com.  A reminder: BI is looking for an energy reporter/editor… Continue reading Tesla will face challenges with a new battery technology, experts say

China’s CATL, GLP create joint venture to apply new energy in logistics

GLP has signed an agreement with Contemporary Amperex Technology Ltd (CATL), a Chinese battery provider which supplies firms like Tesla, to create a joint venture (JV) that will deploy new energy to advance sustainability in logistics and transportation, said the companies in a statement on Thursday. The JV will explore a range of opportunities including… Continue reading China’s CATL, GLP create joint venture to apply new energy in logistics

German Handelsblatt: Car manufacturers save drastically: Daimler could cut workforce in Berlin engine plant in half 000379

Daimler engine plant in Berlin Munich The car manufacturer Daimler is starting to cut clear in its German engine plants. After it became known on Wednesday that the Mercedes manufacturer wants to cut every fifth position at its headquarters in Stuttgart Untertürkheim, there is likely to be an even worse threat in Berlin Marienfelde. The… Continue reading German Handelsblatt: Car manufacturers save drastically: Daimler could cut workforce in Berlin engine plant in half 000379

German Handelsblatt: Car manufacturer saves drastically: Daimler could cut workforce in Berlin engine plant in half 000371

Daimler engine plant in Berlin Munich The car manufacturer Daimler is starting to cut clear in its German engine plants. After it became known on Wednesday that the Mercedes manufacturer wants to cut every fifth position at its headquarters in Stuttgart Untertürkheim, there is likely to be an even worse threat in Berlin Marienfelde. The… Continue reading German Handelsblatt: Car manufacturer saves drastically: Daimler could cut workforce in Berlin engine plant in half 000371