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EV Maker Rivian To Cut 6% Of Jobs Amid Price War -Internal Memo
Layoffs at Rivian come amid falling EV prices kicked off by cuts made recently by Elon Musk-led Tesla and Ford Motor Co.
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SK On Confirms Termination Of Non-Binding Agreement To Build Battery Cell Venture In Turkey
SK On - whose parent SK Innovation Co Ltd counts Hyundai Motor Co, Volkswagen AG and Ford among its customers - announced the joint venture to make electric vehicle (EV) battery cells in Turkey last year.
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Hertz Has Fewer Tesla's In Its Fleet Than Planned
Hertz did not give details on why it has added fewer Tesla's than it originally planned to order.
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Mexico President Says Two Locations Primed For New Tesla Plant
Lopez Obrador referred to both states as a possibility when asked about the firm's plans, which Tesla has not yet commented on, during a regular news conference.
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India's MRF Reports Q3 Profit Jump On Softer Raw Material Prices, Solid Demand
MRF's total expenses rose 14% to 53.81 billion rupees, nearly half of the increase in the first six months of the current fiscal year.
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BorgWarner Sees EV Business To Grow At Least 72 Per Cent In 2023
BorgWarner in December announced plans to spin-off its fuel systems and aftermarket units to focus solely on air management and e-propulsion & drivetrain units.
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Lucid Joins Tesla-Led EV Price War With Discounts On Some Air Models
The battle has made it much more difficult for money-losing U.S. startups such as Rivian Automotive Inc and Lucid to grab market share at a time when high borrowing costs and inflation have pinched consumer wallets.
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GM Inks Deal With GlobalFoundries To Secure U.S.-Made Chips
GlobalFoundries said the agreement for at least three years was the first of its kind and establishes a dedicated capacity exclusively for GM's key chip suppliers at their upstate New York fabrication facility.
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U.S. Set To Loan Redwood Materials $2 Billion For EV materials Plant
Energy Secretary Jennifer Granholm said that, if finalized, the loan will help the project create critical materials for electric vehicle batteries.
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In China, Tesla Could Win Electric Vehicle Price Battle - But Lose The War
Most immediately, Tesla's January price cuts drove deliveries of its China-made vehicles up 18% from December. Tesla's thick profit margins have put it in a position to take a price war to competitors in China and beyond, analysts say.
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India's January Wholesale Passenger Vehicle Volume Up On Consumer Sentiment - SIAM
Sales of the now-popular and mostly pricier UVs grew around 28% and continued to outnumber that of passenger cars - which include entry-level cars and sedans - in January, according to SIAM data.
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Biden praises Musk plan to open Tesla's charging network, says it is a 'big deal'
U.S. President Joe Biden praised the plan by Tesla Inc Chief Executive Elon Musk to open part of its electric vehicle charging network, saying the move is a "big deal" and will "make a big difference."
Read More →Tesla CEO Musk Signals Part 3 Of Master Plan Is Ready
Before Tesla put out its first production car, Musk set expectations for three: a sports car, a cheaper four-door family car and an even more affordable third model.
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New Biden EV Charger Rules Stress Made In America, Force Tesla Changes
The White House hopes the new rules, issued after nearly eight months of debate, will jump-start the biggest transformation of the U.S. driving landscape in generations. It seeks to give consumers unfettered access to a growing coast-to-coast network of EV charging stations, including Tesla Inc's Superchargers.
Read More →Tesla To Halt Some China Production For Upgrades: Report
Tesla is developing a revamped version, codenamed "Highland", of the Model 3, which was first launched in 2017, Reuters reported in November.
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Mexico's Top Diplomat Says Met With Tesla Brass, 'Good News' Imminent
Ebrard met with Rohan Patel, Tesla's senior global director of public policy and business development, and Eugenio Grandio, director of business development and policy for Latin America, Mexico's senior diplomat wrote in a post on Twitter.
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Bosch's India Unit Reports Q3 Profit Jump, Warns Of "Challenging 2023"
Surging inflation and worries of a global economic slowdown have left several multinational firms cautious of their growth prospects this year, as people cut back on discretionary spending.
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Amazon's Zoox Tests Robotaxi On Public Road With Employees As Passengers
The Feb. 11 test, conducted between two Zoox buildings a mile apart at its headquarters in Foster City, California, was part of the launch of a no-cost employee shuttle service that will also help the company refine its technology.
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India's Landmark Cars Profit Jumps 37% In First Earnings Since Listing
The South Asian country, once a small and low-cost car market, is seeing a sharp expansion in demand for premium models with a growing middle class splurging on everything pricey from branded apparel to luxury cars.
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