Key Points 💡 Exxon Mobil plans to enter the lithium market, establishing its initial phase of lithium production in the U.S. by 2027. 🔋 They aim to create Mobil Lithium, becoming a lead supplier of lithium for EV batteries by 2030. 🌎 Exxon’s approach involves using oil and gas drilling methods to extract lithium from…
Key Points 🚗 Workers at Ford’s Kentucky plant rejected the UAW contract, with 55% voting against it. 💼 Louisville Ford plant workers, however, approved the proposed contract with a 53% vote in favor. 💰 Kentucky Truck Plant generates approximately $25 billion annually and produces F-Series Super Duty, Ford Expedition, and Lincoln Navigator. 🔌 Despite plans…
Key Points 🚚 Cybertruck Production: Massive batches of Cybertruck castings were seen at Tesla’s Gigafactory in Texas, hinting at an accelerating production ramp for the vehicle before an upcoming delivery event. 🛠️ Production Preparation: Drone sightings revealed multiple Cybertruck castings and approximately 13 production Cybertrucks, possibly prepared for photo ops, indicating an intensification in production…
Key Points 🚗 European EV market faces a potential slowdown as buyers anticipate more affordable models. 🔍 Concerns arise regarding high interest rates deterring consumers and impeding EV growth. 💰 EVs in Britain are approximately 33% more expensive than their fossil fuel counterparts. 🌍 Tesla’s announcement of a €25,000/$25,000 EV in the near future prompts…
Key Points 🏆 The Tesla Model Y won Parkers’ Company Car of the Year 2024 award. 🚗 Model Y stood out for its efficiency, dynamics, and long-range capabilities. 🤝 Collaboration between Parkers and Fleet News decided the award. 💡 Model Y’s appeal lies in its access to the Supercharger Network and varied powertrain options. 💰…
Key Points 🚗 Tesla is addressing concerns about repair difficulties with giga casted parts in their vehicles, aiming to develop cost-effective and efficient repair solutions. 🔧 Giga castings, produced by giga presses, have significantly reduced the number of components in Tesla cars, making production more streamlined and cost-effective. 🏭 Other automakers, like Toyota, Hyundai, and…
Key Points 🚗 Lucid Motors and Riyadh Air signed an agreement at the Dubai Airshow for sustainable transportation collaboration. ✈️ Riyadh Air aims to transform Saudi Arabia into a global aviation hub, planning a new national airline and targeting 330 million annual travelers by 2030. 🌍 Riyadh Air’s partnership with Lucid Motors aligns with their…
Key Points 🚗 BMW is set to release its Personal Pilot L3, an advanced Level 3 autonomous driving system, in the German market, similar to Mercedes-Benz’s DRIVE PILOT. 🌐 This system allows temporary driver diversion while the car manages speed, distance, and lane positioning, functioning specifically on motorways at speeds up to 60 km/h, standing…
Key Points 🎉 Tesla Italy celebrates the opening of its new center in Verona, inviting customers for a grand inauguration event featuring live demos, test drives for various models, and a mini-delivery event for the initial customers. 🚗 The celebration includes test drives and referral credit opportunities for existing Tesla customers, encouraging them to bring…
Key Points 🏭 Hyundai launches a new EV manufacturing plant in Ulsan, South Korea, marking its entry into the global electric vehicle market. 🌍 The plant signifies Hyundai’s commitment to the era of electrification and a future of innovation in mobility, aiming to produce 200,000 electric vehicles annually starting from Q1 2026. 💰 Hyundai plans…