On Friday, a source familiar with the matter at hand said, shareholders of LG Chem have approved a proposal by company to separate its battery business into a new company. The development paves the way for its battery business, to… Read More ›
Tesla Inc
Tesla negotiating nickel supply contract with BHP Group to slash battery cost
According to sources familiar with the matter at hand, Tesla Inc is negotiating a nickel supply deal with the BHP Group as part of a broader effort to ramp up production and meet higher production targets in an effort to… Read More ›
Tesla acquires Germany’s ATW Automation eyeing planned increase in battery production
According to a source familiar with the deal, Tesla Inc has agreed to acquire Germany’s ATW Automation, a supplier assembling battery modules and packs for the auto industry, for an undisclosed sum. ATW, a subsidiary of Canadian ATS Automation Tooling… Read More ›
Tesla secures lithium ore supply chain, signs deal with Australian miner Piedmont Lithium
On Monday, Australian lithium miner Piedmont Lithium stated, it has signed a five-year deal with U.S. electric carmaker Tesla Inc for the supply of high-purity lithium ore mineral. With the news reaching the market Piedmont Lithium’s shares surged by 83%,… Read More ›
LG Chem’s battery unit’s stock market debut in the offing
On Thursday, South Korea’s LG Chem said, it plans on making its battery business as a separate business entity. The company supplies electric car batteries to Tesla Inc and General Motors. By separating its battery making business, which will be… Read More ›
Tesla to supply FDA-approved ventilators free of cost to hospitals
In a statement, Tesla’s Chief Executive Elon Musk said the company has additional FDA-approved ventilators which it will ship free of costs to hospitals within regions where it has delivery points. “Device & shipping cost are free. Only requirement is… Read More ›
Tesla slashes on-site staff at Nevada plant, NY plant to make ventilators
In a statement, the local county manager of U.S. electric carmaker Tesla Inc stated, the on-site staff at its Nevada battery plant will be slashed by 75% because of the Wuhan coronavirus. The development comes in the wake of Panasonic… Read More ›
Tesla scouting for new U.S. Gigafactory in central U.S.
Testla Inc is looking for a new U.S. location to build its Cybertruck Gigafactory. In a tweet, Tesla’s Chief Executive Officer, Elon Musk said, he was looking for locations in the central United States to build the company’s new Gigafactory… Read More ›
Tesla to sell longer driving range Model 3 vehicles in China
On Friday, China’s Ministry of Industry and Information Technology stated, Tesla Inc has secured an approval from the government to sell a longer-range Chinese-made model 3 vehicles in the country. These Model 3 vehicles will have a driving range of… Read More ›
Michigan settles with Tesla, allows direct delivery of vehicles to customers
According to a source familiar with the matter at hand, Tesla Inc has reached a settlement with the U.S. state of Michigan to allow it to directly deliver its electric vehicles to customers in the state. Tesla will be allowed… Read More ›
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