Electric vehicle battery supplier LG Energy Solution (LGES), which supplies batteries to electric vehicle makers such as Tesla Inc. and Lucid Motors, signed an offtake agreement for the purchase of battery-grade lithium carbonate from US-based Compass Minerals. The battery materials will be coming from Compass’ lithium brine development project at its Ogden, Utah, site on…
The world’s largest autonomous vehicle test, conducted by Vanderbilt University and several other universities in cooperation with Nissan, Toyota, General Motors, and the Tennessee DOT, will commence next week. Autonomous driving is one of, if not the most significant advancement currently coming to the automotive industry. However, along with this technology, there are understandable worries…
Cathie Wood’s ARK Invest loaded up on Tesla shares (NASDAQ: TSLA) in its Innovation, Next Generation Internet, and Autonomous Technology & Robots ETFs on Wednesday. The company’s three funds saw a buying opportunity in the automaker’s recent slump on Wall Street. ARK’s Innovation ETF bought 27,594 shares on Wednesday, while the Next-Gen Internet and Autonomous Tech…
Tesla is reportedly reenabling Supercharging capabilities on vehicles with salvaged titles. Buying salvaged Teslas and repairing them for a few thousand dollars used to be standard practice for some. However, Tesla started combating this by disabling a salvaged Tesla’s ability to utilize the Supercharger network due to potential battery flaws, but this is not where…
Tesla skeptics typically have several talking points. These include the argument that vehicles like the next-generation Roadster, Tesla Semi, or Cybertruck would never enter production. These arguments, or at least those for the Cybertruck, would likely become completely null and void soon. Tesla’s third-quarter update letter indicated that the Cybertruck’s development had entered the tooling…
Last month, Tesla announced that Model Y crossovers from Gigafactory Berlin would be available for order with two new paint options: Quicksilver and Midnight Cherry Red. A close look at a Model Y painted in one of these unique shades has been shared online, and needless to say, the new color looks absolutely stunning. When…
Tesla China may have focused on exports in October, but based on data from the China Passenger Car Association (CPCA), the Model Y was still able to take its place as the country’s best-selling premium SUV. Tesla China’s wholesale sales in October were listed at 71,704 units, which was pretty impressive since the month covered…
Volvo has unveiled its next electric vehicle offering, a full-sized 7-seater SUV, the Volvo EX90. Volvo had three clear focuses with their newest electric vehicle; internal capacity, safety, and sustainability. The Volvo EX90 seats 7, uses a suite of new safety features, and employs a laundry list of recycled materials throughout the vehicle. With success…
The Dawn Project, led by founder Dan O’Dowd, has purchased a full-page ad in the New York Times targeting the Full Self Driving technology created by Tesla. The ad, which reads as a letter to Tesla, targets the company’s full self-driving technology (FSD), claiming that it is unsafe and may run into children. Ultimately, the…
BMW CEO Oliver Zipse announced today that the German auto group would not abandon affordable offerings as they transition to electric vehicles. BMW has been a luxury sportscar manufacturer for the vast majority of its history, even today; the cheapest BMW available sells for just over $35,000. Nonetheless, according to comments given to Reuters, BMW CEO…