Tag: Electric vehicles

Tesla is in talks to add another supplier of cheaper LFP battery cells for its electric cars

Tesla is in talks to add another supplier of cheaper LFP battery cells, EVE, for its electric cars produced in China, according to a new report. Last year, Tesla CEO Elon Musk mentioned that he believes the energy density of iron phosphate (LFP) batteries has improved enough that it now makes sense to use the… Continue reading Tesla is in talks to add another supplier of cheaper LFP battery cells for its electric cars

Officials: Tesla in fatal California crash was on Autopilot

Los Angeles – A Tesla involved in a fatal crash on a Southern California freeway last week was operating on Autopilot at the time, authorities said. The May 5 crash in Fontana, a city 50 miles (80 kilometers) east of Los Angeles, is under investigation by the National Highway Traffic Safety Administration. The probe is the… Continue reading Officials: Tesla in fatal California crash was on Autopilot

GM invests $40 million at Pontiac Stamping for future EVs

Detroit — General Motors Co. on Friday said it will invest $40 million at its Pontiac Stamping Plant to prepare for coming electric vehicles. Renovation will start immediately and include the installation of “highly flexible fabrication machinery and presses to support future electric vehicle production and various product applications,” the automaker said in a press release. The investment will create 20 new… Continue reading GM invests $40 million at Pontiac Stamping for future EVs

Fisker finalizes deal with Foxconn to make EVs in US

DETROIT (Reuters) — Electric car maker Fisker Inc has finalized its vehicle-assembly deal with Foxconn Technology Co Ltd, including plans to open a U.S. plant in 2023, the companies said on Thursday. The plant’s location has not been identified, but Fisker Chief Executive Henrik Fisker said four states are under consideration, including Foxconn’s plant site… Continue reading Fisker finalizes deal with Foxconn to make EVs in US

Fisker and Foxconn to build EV for global markets including India

US-based electric vehicle maker Fisker has signed framework agreements with Hon Hai Technology Group (Foxconn) supporting joint development and manufacturing related to Project ‘PEAR’ (Personal Electric Automotive Revolution), a program to develop a new breakthrough electric vehicle. Fisker and Foxconn will jointly invest into Project PEAR, with each company taking proceeds from the successful delivery… Continue reading Fisker and Foxconn to build EV for global markets including India

Dogecoin spikes 30% after Elon Musk says he might take it as payment for Tesla

Dogecoin, a meme cryptocurrency, has spiked this year. Yuriko Nakao/Getty Dogecoin spiked 30% after Elon Musk said on Thursday that he might accept it as a payment method for Tesla. That followed his announcement on Wednesday that he’d stop allowing bitcoin payments for Tesla products over environmental concerns. Dogecoin had risen by 30.2%, to $0.54,… Continue reading Dogecoin spikes 30% after Elon Musk says he might take it as payment for Tesla

Bitcoin slides 13% for the week after Elon Musk’s bombshell U-turn, but finds some support at $50,000

It’s been a tough week for bitcoin. Cesc Maymo/Getty Images Bitcoin headed for a 13% fall in the week to Friday, after Elon Musk’s major U-turn on accepting the cryptocurrency as payments for Teslas, but managed to regain some stability over the course of the day. The most-traded crypto asset was down 13.1% for the… Continue reading Bitcoin slides 13% for the week after Elon Musk’s bombshell U-turn, but finds some support at $50,000