Tags: Tesla

VW’s Electrify America Adds Tesla Battery Storage to its New Charging Stations

Volkswagen unit Electrify America on Monday announced its plan to install Tesla Powerpack battery systems at more than 100 of their electric vehicle charging stations nationwide over the course of 2019. The battery systems will be deployed to mitigate higher power demand charges and manage operating costs by avoiding or reducing demand and energy charges […]

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Elon Musk lays foundation of $7 billion Tesla Gigafactory plant in China

The US electric car maker Tesla CEO Elon Musk on Monday laid the foundation of a $7 billion plant in Shanghai, becoming the first company to benefit from a new Chinese policy of allowing foreign vehicle manufacturers to set up wholly-owned subsidiaries in the Asian nation. Till now, foreign automakers in China were required to forge joint […]

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Elon Musk to lay foundation of Tesla Gigafactory in China, expected to produce 500,000 EVs

Electric car maker Tesla CEO Elon Musk on Monday said he was set to lay the foundation of a Tesla Gigafactory in China that is expected to produce 500,000 electric vehicles per year — doubling the production capacity of Tesla. “Looking forward to breaking ground on the @Tesla Shanghai Gigafactory today!” tweeted Musk. “Aiming to […]

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Electric Mercedes opens German assault on Tesla

Mercedes-Benz is set to unveil its much-anticipated electric SUV on Tuesday, marking the start of a German onslaught against Tesla’s dominance of the fast-growing market for premium battery cars. Daimler-owned Mercedes, BMW and Volkswagen’s Audi and Porsche divisions are all gunning for the $52 billion Californian upstart, with early publicity efforts emulating its tech-industry halo. […]

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BlackRock voted to replace Tesla’s Musk with independent chairman

Funds run by BlackRock voted in favour of a recent shareholder proposal that would have required Tesla to replace Elon Musk with an independent chairman. BlackRock-managed funds voted for a measure requiring the chairman be an independent director, according to BlackRock’s filing with the U.S. Securities and Exchange Commission on Thursday. The proposal, which was […]

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Electric car makers moving into Tesla’s turf with new models

While Tesla grapples with internal issues like production delays, a sometimes-erratic CEO and a recent about-face on whether to go private, its rivals are moving aggressively into the luxury electric vehicle space. In the next few days, German competitors Mercedes-Benz and Audi, the luxury arm of Volkswagen, are both showing off production-ready electric sport-utility vehicles […]

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Panasonic aiming to develop automotive batteries without using cobalt

Panasonic is reportedly aiming to develop automotive batteries without using cobalt in the near future amid soaring prices of the key battery ingredient. According to Reuters top battery makers are rushing to reduce cobalt content in lithium-ion batteries as prices of the mineral have multiplied over the recent years and the spread of electric vehicles […]

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