Key Points ⚙️ Volkswagen’s PowerCo and Umicore have formed a joint venture called Ionway for battery material production. 🔋 Ionway will specialize in producing cathode active materials (CAM) and pCAM for electric vehicle (EV) batteries. 🏭 The new company will be headquartered in Brussels and aims to achieve an annual production capacity of 160 GWh…
Key Points 🚀 Tesla’s lithium refinery in Robstown is set to start production on January 1, 2024. 💼 The company plans to commission assets in the first half of the year and ramp up production in the latter half of the year. 💡 Tesla is considering future expansion opportunities for the refinery, indicating potential economic…
Key Points 🏭 Tesla is planning to build a Gigafactory in Mexico and is requesting the government to ensure the development of essential infrastructure before construction begins. 💡 The infrastructure includes energy supply, water resources, road networks, and railway facilities to support the Gigafactory. 🚗 Tesla aims to produce its $25,000 car at this Mexican…
Key Points 💡 Tesla released an updated Model Y with fresh interior designs and new wheels in China. 🌟 Changes to the Model Y’s ambient lighting design can be seen in a leaked video of the cabin. 🚗 The updates are specific to the Chinese version of the Model Y and include the omission of…
Key Points 🚗 The French Automobile Distribution Federation (FEDA) has issued a warning about the risks associated with giga press technology in vehicle production. 💡 Giga casting involves using mammoth machines to produce entire vehicle parts in a single block, reducing the number of parts needed and saving costs. 💰 FEDA is concerned that giga…
Key Points 🚗 Hyundai and Kia have committed to using Tesla’s North American Charging Standard (NACS) for their electric vehicles in the U.S. and Canada. ⚡ Hyundai plans to adopt NACS in the fourth quarter of 2024 in the U.S., followed by Canadian vehicles in the first half of 2025, granting access to Tesla Superchargers.…
Key Points 🚫 Brandenburg Health Minister denied claims of a high injury rate at Giga Berlin. 🚗 Tesla is treated like any other carmaker in Germany, according to the minister. 🏭 Giga Berlin has 11,500 employees, leading to various medical incidents, but not necessarily work-related accidents. 🩺 Seven serious accidents have occurred at Giga Berlin…
Key Points 💔 The feud between Elon Musk’s social media platform, X, and the Anti Defamation League (ADL) has ended, with ADL acknowledging X’s efforts to combat antisemitism. ✅ ADL will resume advertising on X and hopes to collaborate with the platform to fight hate and extremism. 🚫 ADL denies orchestrating a boycott of X…
Key Points 🚚 Rivian has begun delivering R1T Max Pack trucks to customers, as confirmed by the company. 🌐 Customers can now configure R1S with Max Pack on the company’s order page, and invitations have been sent out to do so. 🔋 The R1T with Max Pack offers an impressive EPA-estimated range of up to…
Key Points 💰 Rivian plans to offer $1.5 billion in green convertible senior notes to qualified institutional buyers. 📆 The notes are due by October 15, 2030, with an option for buyers to purchase an additional $255 million principal amount of notes within 12 days of issuance. 💱 Noteholders can convert notes under specific conditions,…