Tesla’s energy storage business is booming, and it is just beginning. However, the beginning of Tesla’s energy storage growth also appears to be the end of Tesla’s solar business. more…
That makes the U.S. the world’s second-largest electric car market, but the gap to China remains huge.
Robotaxi developer Waymo has closed an oversubscribed Series C funding round totaling $5.6 billion. Alongside an expanded partnership with Uber, the funds will help the rideshare company expand its Waymo-One robotaxi service throughout current and additional cities in the US. more…
After charging up third-quarter sales, Kia plans to ramp up output of its new low-cost EV3 model. The compact electric SUV helped boost Kia’s EV sales numbers in the third quarter. more…
Plus, the Scout EV could potentially use technology from parent company Volkswagen’s new joint venture with Rivian.
Several Tesla Model Y vehicles were spotted with camouflage in China – likely due to the upcoming design refresh. more…
The Chinese government has reportedly asked local automakers to pause expansion plans in Europe due to the European Union’s import tariffs on electric vehicles (EVs) from China. According to people familiar with the matter, the Chinese government told local automakers to pause active searches for production sites in Europe and Read more
Tesla Energy is steadily becoming a more prolific part of the company’s operations. In the third quarter of 2024 alone, Tesla revealed that its energy division was able to achieve a record gross margin of 30.5%. Tesla also noted that as of Q3, over 750,000 Powerwalls have been installed globally. Read more
Stellantis is feeling pressure from Congress in the United States. About 80 members of the US Congress urge Stellantis to honor investments commitments in the contract it signed with the United Auto Workers union. Democratic members of the US House of Representatives and the Senate sent separate letters to Stellantis Read more
LG Energy Solution (LGES) and Ford signed a battery supply deal. Part of the agreement between Ford and the South Korean battery supplier includes moving LGES’ battery production for the Mustang Mach-E from Europe to the United States. LGES and Ford’s contract is predicted to help the South Korean battery Read more