In December 2019, Tesla was granted a $1.4 billion loan from Chinese banks for Giga Shanghai. The five-year loan was partially used to roll over previous debts. The rest of the money would go towards Giga Shanghai and Tesla China’s operations. The interest rate was pegged at 90% of China’s … [continued]
Herbert Diess is calling for major changes at Volkswagen’s Wolfsburg factory to keep up with Tesla and new brands from China.
Apple may build an electric car itself after talks with other manufacturers collapse.
There has been so much misinformation published about Tesla and Elon Musk over the years that there are numerous people who spend much of their day, almost every day, debunking such misinformation and defending, ironically, one of the most valuable companies on Earth and one of the richest people in … [continued]
Some companies have a deep social mission. Some companies spend years trying to figure out who they are and why they exist. And some companies are just on a march to squeeze as much money out of people as possible. I think it’s safe to say that Foxconn fits into … [continued]
For nearly a decade, utility companies have been targeted by companies and individuals selling a particular kind of snake oil. Don’t get me wrong, I don’t think a lot of these people are acting maliciously (I’ll get to that in a minute). In fact, I think a lot of these … [continued]
Originally posted on EVANNEX. by Charles Morris A gaggle of young EV companies, many of them heavily covered in the press during the recent spurt of SPAC activity, are vying to become “the next Tesla.” Some may succeed, but some will certainly fail (many already have, and a couple of recent headline-grabbers … [continued]
POPE Francis’ “Laudato si’ Action Platform” is getting charged up again with the delivery of a Nissan LEAF to the Pontiff’s garage. Delivered on the celebration of World Environment Day, the gesture symbolized the two organizations’ shared goal of carbon neutrality. The Vatican seems to have several environmentally conscious vehicles … [continued]
The dream of an electric car future began to crystallize in 2010. That’s the year Tesla went public. Soon after, Tesla introduced its Model S sedan. By 2013, the company finished the year selling just 22,000 cars. Most industry observers predicted Elon Musk’s Silicon Valley startup would be the next DeLorean. Wall Street analysts widely predicted the … [continued]
Reuters says Apple is in talks with CATL and BYD about supplying batteries for its electric car — if there ever is one.
