Tags: Tesla

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 […]

Read more

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. […]

Read more

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 […]

Read more

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 […]

Read more

Tesla working on mini-car that can squeeze in an adult: Elon Musk

Bullish on the performance and increased production of “Model 3” cars, Tesla CEO Elon Musk is now planning to introduce a mini-car. “We’re working on a new Tesla mini-car that can squeeze in an adult,” Musk tweeted on Sunday, replying to a user who asked him about a “Model X Radio Flyer” toy car. The […]

Read more

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 […]

Read more

Tesla fabricated world’s largest lithium-ion battery in less than 100 days

Tesla recently announced that the company had completed the world’s largest lithium-ion battery in less than 100 days. This new movement to faster lithium cell production ups the ante for all lithium companies including Albemarle , Sociedad Quimica y Minera de Chile , Lithium Americas Corp. and NRG Metals Inc. Rechargeable lithium batteries have been […]

Read more