JAKARTA : Indonesia’s government is in early discussions with electric vehicles maker Tesla Inc. about a potential investment in the Southeast Asia country, a major producer of nickel, an official said. Indonesia is keen to develop a full supply chain for nickel at home, especially for extracting battery chemicals, making batteries and eventually building EVs. […]
EV battery maker Romeo Systems to go public through a $1.33 bln SPAC deal
The deal is expected to raise $384 million for Romeo, which includes an investment of $150 million from investors such as The Heritage Group and Republic Services Romeo Systems Inc, a battery maker for electric vehicles, will go public through a merger with blank check company RMG Acquisition Corp in a $1.33 billion deal, the […]
Tesla to roll out China-made Model 3 cars with cobalt-free LFP batteries – sources
Currently the Model 3 electric sedans made at the carmaker’s Chinese plant use nickel-manganese-cobalt (NMC) batteries BEIJING : U.S. electric vehicle maker Tesla Inc is poised to start selling some Model 3 vehicles made in China equipped with cobalt-free lithium iron phosphate (LFP) batteries, two people familiar with the matter said. Currently the Model 3 […]
EV Charging Stalwart ChargePoint Seeks $2.4B Valuation in Reverse Merger
ChargePoint CEO differentiates his company’s prospects from the frothy SPAC market, claims revenue potential is “directly proportional” to EV growth. After raising $660 million from private investors, electric vehicle charging company ChargePoint is taking a crack at going public through the same method that a half-dozen EV makers have taken so far this year: a […]
How Tesla, GM and others aim to fix electric vehicle range anxiety
The popularity and success of Tesla has proven there is demand for electric cars. Automakers are investing billions into an electric-powered future. Last year, 143 new EV’s launched around the globe. Analysts predict record growth of EV sales in 2021, especially in Europe and China. But, in the U.S., electric vehicles sales represented less than […]
Tesla outlines ambition to halve cost of batteries
Electrified by Tesla, Chinese electric vehicle startups are on the charge
China’s electric vehicle startups are on the charge again, thanks to Tesla. Chinese EV startups NIO, XPeng Inc, Li Auto and WM Motor have raised more than $8 billion between them this year and now rival Aiways is planning to go public, its co-founder and President Fu Qiang told Reuters. Speaking ahead of the Beijing […]
Tesla to roll out $25,000 electric vehicle: Musk at ‘Battery Day’ event
The cheaper car will come from cutting the cost of batteries in half, the chief executive officer said at an event Tuesday Tesla laid out a road map to build a $25,000 car by 2023 and eventually 20 million cars a year, part of a highly anticipated presentation that was short on the sizzle from […]
Tesla’s Elon Musk promises dramatic cuts in electric car costs, shares plunge
‘We do not have an affordable car. That’s something we will have in the future. But we’ve got to get the cost of batteries down,’ Musk said Tesla expects to eventually be able to build as many as 20 million electric vehicles a year CEO Elon Musk outlined Tesla Inc’s plans to cut electric vehicle […]
Tesla Battery Day: Expect Battery Costs to Drop by Half Within 3 Years
Changes in battery form factor, materials, supply chain and manufacturing could add up to game-changing savings, says Elon Musk. After much Muskian fanfare, Tesla’s Battery Day revealed a smattering of improvements to cut battery prices in half. Tesla CEO Elon Musk insists he measures the company’s success by the extent to which it accelerates the […]