Key Points 🚗 Volkswagen boss Oliver Blume believes a €20,000 ($21,714) electric vehicle could come in the second half of the 2020s. 🔑 Reduction of EV prices relies on reducing battery costs, making electric cars more affordable. 🌍 Despite current affordable EV options, many models are still too pricey for some buyers. 🤔 Volkswagen has…
Key Points 🛠️ General Motors (GM) has reportedly acquired Tooling & Equipment International (TEI), a supplier for Tesla’s gigacasting manufacturing strategy. 🚗 GM’s acquisition of TEI is seen as a strategic move to catch up with Tesla’s leadership in electric vehicles (EVs) and manufacturing techniques. 🔄 TEI played a crucial role in helping Tesla pioneer…
Key Points 🚗 Polestar 4 SUV has commenced production at the Hangzhou Bay factory in China, operated by Geely Holding. 📦 First customer deliveries in China are expected by the end of 2023, while the official launch in other markets is scheduled for early 2024. 🎨 The first Polestar 4 off the assembly line features…
Key Points 📉 Tesla China experiences a 9.29% week-over-week drop in insurance registrations, recording 12,700 registrations in the second week of November. 🚗 Insurance registrations are used as an indicator of Tesla’s performance in the Chinese market, with a projected total of 22,900 registrations for November. 🔄 Tesla China often focuses on the domestic market…
Key Points 🔒 Rivian receives FCC certification for “Rivian Vehicle Access System 2.0,” hinting at potential fixes for lock and unlock issues reported by R1 owners. 🔄 Forum members express frustrations with delays and quirky behavior, such as the vehicle unlocking at a distance or making strange noises. 🛠️ Speculations arise about the upgrade requiring…
Key Points 💰 Forge Nano, Inc. launches Forge Battery, a lithium-ion battery manufacturing business, with a $165M investment in North Carolina. 🏭 The upcoming gigafactory will be a 210,000 sq. ft. facility producing high-energy, high-power lithium cells based on Forge Nano’s Atomic Armor technology. 🔄 Forge Battery aims to start production on 18650 and 31700…
Key Points 🚗 General Motors (GM) partners with Niron Magnetics for sustainable EV motor magnets. 🔄 The collaboration aims to develop magnets for GM’s Ultium Platform for electric vehicle production. 💰 GM sees an opportunity to reduce costs and environmental impact by using Niron’s Clean Earth Magnet®. 🌐 Niron Magnetics’ Clean Earth Magnet® is based…
Key Points ⚖️ A federal appeals court ruled that Tesla can ban workers from wearing union shirts on the production line. 🤝 The court declared Tesla’s “Team Wear” uniform policy as advancing a legitimate employer interest. 📜 The ruling nullifies the National Labor Relations Board (NLRB) decision from last year. 🚫 The court agreed with…
Key Points 💌 Tesla sent invites to Cybertruck delivery event winners from a shareholder raffle. 📅 The delivery event is scheduled for November 30 at Tesla’s Gigafactory in Austin, Texas. 🎟️ Tesla’s Head of Investor Relations, Martin Viecha, announced completion of the drawing and invite distribution. 🚗 Some winners have already shared their invites on…
Key Points 🌍 Tesla and various automakers aim to eliminate rare earth metals in future EV motors to reduce dependence on China. ⚙️ Tesla’s next-gen powertrain, announced during Investor Day, will feature a permanent magnet motor with zero rare earth metals. 🚗 Other automakers such as GM, Jaguar Land Rover, Nissan, and supplier BorgWarner are…