Japanese conglomerate deepens relationship with Elon Musk’s carmaker as it races to roll out EV technology Japan’s Panasonic plans to build a $4bn plant in Kansas to boost battery production in the US as it gambles on expanded sales of Tesla’s electric vehicles. The Japanese group, the world’s third-largest producer of EV batteries behind CATL […]
Panasonic to build $4bn EV battery plant for Tesla in U.S. – EQ Mag Pro
High-capacity 4680 cells to help Japan maker compete with China, South Korea OSAKA : Panasonic Holdings will invest $4 billion in a second U.S. electric vehicle battery factory in Kansas, its subsidiary Panasonic Energy announced on Thursday, confirming an earlier Nikkei report. The factory is expected to hire as many as 4,000 employees and supply […]
There Are No Permanent Enemies as BYD Supplies Tesla with Lithium Batteries – EQ Mag Pro
“We are now good friends with Tesla”, commented BYD’s executive VP, who said that the company is going to become a battery supplier for Tesla as soon as this year. There are no perpetual enemies in the market. Although Tesla is competing against BYD in China’s EV market, the latter who possesses additional volume in […]
Tesla, Elon Musk welcome, but India will not compromise on policy, says Mahendra Nath Pandey – EQ Mag Pro
Last month, Musk had said Tesla will not manufacture its products locally unless it is allowed to first sell and service its cars in the country New Delhi: Elon Musk and Tesla are welcome to India but the government will not compromise in any way on the policy of Aatmanirbhar Bharat or self-reliant India, Union […]
Tesla sold 32,165 China-made vehicles in May – CPCA – EQ Mag Pro
Tesla’s Shanghai factory produced 33,544 vehicles in May, up 212% from April, the association added. U.S. electric vehicle maker Tesla sold 32,165 China-made vehicles in May, including 22,340 for export, the China Passenger Car Association (CPCA) said on Thursday. Tesla’s Shanghai factory produced 33,544 vehicles in May, up 212% from April, the association added. CPCA […]
Tesla submits application to expand German plant – EQ Mag Pro
The company plans to build on a further 100 hectares east of its plant in Germany expanding the site’s area by a third Tesla has submitted an application to build on a further 100 hectares east of its plant in Germany, expanding the site’s area by a third, local newspaper rbb reported on Thursday, citing […]
Tesla to soon have self-driving cars without need for human drivers: Elon Musk – EQ Mag Pro
Tesla CEO Elon Musk has claimed that the company will have self-driving cars on road around the same time next year, that is, May 2023. Tesla CEO Elon Musk has claimed that his company will have self-driving cars without the need for having human drivers behind the wheel for supervision around the same time next […]
Tesla supplying Power Pack for SpaceX Starbase 8MWh BESS expansion – EQ Mag Pro
Tesla is going to supply up to 8 MWh of Powerpacks for SpaceX to expand its solar farm at Starbase in Boca Chica. It’s the latest of many collaborations between Tesla and SpaceX. SpaceX has a solar farm at its Starbase in Boca Chica, Texas. It consists of 1 MW of solar power and 3.87 […]
Tesla: Energy storage demand ‘remains significantly above’ production capacity
Tesla made 846MWh of battery energy storage system (BESS) deployments in the first quarter of this year and is looking ahead to the opening of a dedicated grid-scale BESS factory to meet demand. The electric vehicle (EV) and energy technology company reported its Q1 2022 figures earlier this month. As reported by our sister site […]
Tesla posts record Q1 profits buoyed by strong demand for electric vehicles – EQ Mag Pro
Musk optimistic about overcoming supply issues, foresees a big 2022 production gain. Tesla reported that its first-quarter net earnings were over seven times greater than a year ago, buoyed by strong demand for its electric vehicles, with Elon Musk predicting output will grow at a fast clip for the rest of the year despite supply-chain […]
