The European Commission recently dropped Tesla China’s import tariffs to 9%. On July 5, the Commission imposed provisional tariffs on electric vehicle (EV) imports from China. The tariffs reached about 38% for some automakers manufacturing EVs in China. The Commission’s provisional tariffs also affected European automakers, like Tesla and Volkswagen, Read more
Tesla China saw 14,300 new vehicle registrations in the week of August 12-18, 2024. This represents a 7.74% drop from the 15,500 registrations that the electric vehicle maker saw in the week ending August 11, 2024. Tesla China does not report its weekly domestic sales figures, though a general idea Read more
The European Commission reduced Volkswagen’s import tariff rates for the Cupra Tavascan, produced by the German automaker’s SEAT subsidiary in China. The VW Cupra Tavascan received a duty of 21.3%, slightly lower than the initial 37.6% rate. The Cupra Tavascan was not included in the Commission’s sample when it initiated Read more
Tesla topped the American Consumer Satisfaction Index (ACSI) for 2024 in the luxury segment with Mercedes-Benz, holding steady and gaining notoriety for improvements in complaint handling. Tesla and Mercedes-Benz tied at a score of 83 this year. Tesla’s score was unchanged, while Mercedes-Benz improved four percent from 2023, mostly due Read more
Tesla stock (NASDAQ:TSLA) received a reiterated “Overweight” rating and a $300 per share price target from Piper Sandler. The firm’s insights came after analysts hosted two events that were focused on Tesla’s energy division and the company’s Full Self-Driving (FSD) program. As noted in an Investing.com report, Piper Sandler’s first Read more
South Korean battery supplier LG Energy Solution (LGES) estimates that its unique dry electrode process could reduce cell manufacturing costs by 17% to 30%. LGES has developed a unique dry electrode process that may trump all the others. On August 20, 2024, LG Energy Solution announced it was on track Read more
Tesla’s property at Gigafactory Berlin in the town of Grünheider continues to reveal explosives and ammo from World War 2. Today, more searches led to the recovery of several bombs used during the war. The process of recovering more ammo and explosives is part of the expansion of the factory, Read more
Wallbox Chargers, a company that designs, manufactures and distributes electric vehicle charging systems, has disclosed that it has secured a $45-million investment from multiple investors. Lead investor Generac Power Systems, a designer, manufacturer and provider of energy technologies, will use the investment to reinforce its ongoing partnership with the Barcelona-headquartered company. Read more
UK charging consultancy Versinetic has integrated the EVerest open-source EV software framework into a modular, flexible software stack designed for charging station manufacturers and operators. Versinetic has ported EVerest for EV Charging to its standard Charging Blox—a modular framework of hardware and low-level firmware that does not require long-term subscription Read more
Have you caught wind of the latest trends in vehicle electrification, where increased electronic content is driving interest in 48-volt systems as the standard for primary power delivery in both automotive and non-automotive applications? This trend carries through into other transportation markets, such as off-road, marine and construction vehicles. Moreover, Read more