Key Points 🏭 Hota Industrial Manufacturing is investing $99 million in its first U.S. factory in New Mexico. 🌎 This will be Hota’s first factory outside of Asia, signaling a shift towards regional production in supply chains. 🚗 Hota has worked with major automakers like Tesla, Ford, and General Motors. 🏗️ Construction of the New…
Key Points 💰 LG Energy Solution issued its first global green bonds, raising $1 billion. 🌍 The funds from these green bonds will be used to support international battery and renewable energy projects, including those in the United States. 🌱 Green bonds are aimed at funding projects that combat environmental challenges and align with environmental,…
Key Points 📅 Tesla faced inquiries on its relationship with Chinese battery maker CATL, with concerns raised by the House Ways and Means Committee Chair, Representative Jason Smith. 🤝 Questions were posed to Tesla CEO Elon Musk regarding existing agreements with CATL and potential future contracts. 🚗 Ford’s collaboration with CATL for a battery plant…
Key Points 🚗 Elon Musk hosted the Prime Minister of Israel, Benjamin Netanyahu, and his wife Sara at Tesla Motors in California. 🤝 They discussed Tesla developments and electric vehicle (EV) models during the visit. 🏭 The Prime Minister and his wife toured Tesla’s facility in California and observed the EV assembly line at the…
Key Points 🕵️♂️ Elon Musk is under investigation by the DOJ for CEO benefits he received from Tesla and potential lack of proper disclosure. 🏠 The investigation includes benefits related to a project to build a house for Musk. ⚖️ Federal prosecutors are looking into the disclosure and use of company resources for personal benefits,…
Key Points 💡 Neuralink has received approval to conduct human clinical trials for its brain implant technology. 🧠 The clinical trial is called the PRIME study, focusing on enabling people with paralysis to control external devices using brain-computer interfaces (BCI). 🏥 An independent review board and a hospital site have granted approval for the clinical…
Key Points ❄️ Cooler regions may be better for long-term Tesla battery health, despite short-term range loss. 🚗 A study of over 12,500 Tesla vehicles in the U.S. found that those in cold climates had better average range scores. 📊 Range scores measure how much of an EV’s initial range is expected at the time…
Key Points 🚗 Volvo will cease production of diesel vehicles by early 2024. 🌍 The decision is part of Volvo’s commitment to focus on electric powertrains and achieve climate neutrality by 2040. 🌱 Volvo aims to produce only electric vehicles (EVs) from 2030 onward. 🔋 The company has divested from internal combustion engine development and…
Key Points 🏛️ Tesla has been cleared of wrongdoing in a toxic workplace lawsuit brought by shareholders. 📜 The lawsuit claimed Tesla caused financial and reputational harm due to allegations of sexism, racism, and discrimination at the company’s factories. ⚖️ The U.S. District Court dismissed the suit, stating that some defendants were not likely liable,…
Key Points 📱 Tesla’s mobile app can now be used with any rental from Hertz. 🚗 Hertz rentals will include a QR code for pairing the app with the vehicle. 🔑 The app allows drivers to use their phones as car keys and offers features like remote battery preconditioning, charge status tracking, and cloud profile…