Key Points 🚗 Tesla is reminding owners about the opportunity to transfer their Full Self-Driving (FSD) Capability to another vehicle. 🗓️ To qualify for the limited-time free FSD transfer, owners must take delivery of their new Tesla between July 20 and September 30. 💰 The cost of Tesla’s FSD Capability was reduced to $12,000, down…
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 ❄️ 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…
Key Points 🔄 Redwood Materials, led by former Tesla executive JB Straubel, has acquired lithium-ion battery recycler Redux Recycling GmbH in Europe. 🌍 The acquisition aims to strengthen Redwood’s battery-recycling capacity in Europe and establish a presence in the European market. 🇩🇪 Redux Recycling GmbH is a German lithium-ion battery recycler with a facility in…
Key Points 🚗 The Tesla Model 3 Highland has arrived in Italy’s showrooms. 🇮🇹 Deliveries for the refreshed Model 3 in Italy are set to begin next month. 📸 Tesla Club Italy shared pictures of the Model 3 Highland’s unveiling event. 💰 Pricing for the Model 3 Highland RWD starts at €42,490, while the Long…