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December 19, 2023
Tesla: The EV maker will bump the pay for hourly workers from USD 20 to USD 22 an hour on the low end, and up to USD 34.50 an hour from USD 30.65 on the high end, according to the report, citing internal materials, adding that the raise can add anywhere from USD 2 to USD 8.30 an hour to their pay.
December 19, 2023
The U.S. car maker is facing a backlash from unions and pension funds across the Nordic region over its refusal to accept the demand from trade union IF Metall, whose members at Tesla workshops have been on strike since October.
December 18, 2023
VinFast will supply the used batteries and Marubeni will repurpose into what it said would be affordable Battery Energy Storage Systems (BESS) that were easy to manufacture, the Vietnamese firm said in a statement. The process would not require disassembly, processing and repackaging of the batteries, according to the deal, which it said was signed at the weekend during a regional leaders summit in Japan.
December 18, 2023
CYVN Holdings, an investment fund controlled by the Abu Dhabi Investment Authority (ADIA), has invested US$2.2 billion in Nio, making it the first Middle East investor to take a substantial stake in a Chinese electric-car maker.
December 16, 2023
Firefly: A wave of Chinese EV makers are expanding in Europe as demand slows at home and they look to capitalise on a cost advantage versus Western rivals, which have been slower to adopt the new technology. The European Union, however, is investigating Chinese EV imports to see if they breach competition rules.
December 15, 2023
The deal is the first for Rivian after the company last month ended its exclusivity pact with largest shareholder Amazon for its delivery vans, opening the door for more customers. AT&T expects to start adding Rivian electric commercial vans, R1T pickup trucks, and R1S sport utility vehicles in its fleet in early 2024, they said in a statement.
December 15, 2023
The incentives, worth 2.627 billion pesos (USD 152.86 million) and approved by a state economic development council, include a reduction in Teslas payroll tax. The automaker in March announced plans for a new factory in Nuevo Leon without providing a timeline for construction.
December 15, 2023
At a battery plant owned by Zeekrs parent Geely Holding Group in the province of Zhejiang, the company said its upcoming 007 sedan would be the first model to be equipped with the batteries, which charge sufficiently within 15 minutes to reach a driving range of 500 km (300 miles), together with an 800-voltage electric system.
December 14, 2023
California-based Lucid opened its first plant outside the United States in September, with an initial capacity to produce 5,000 EVs a year, after the Saudi government pledged to buy up to 100,000 vehicles from it over 10 years. "The car is fully built in Arizona ... then it gets de-assembled... then the car gets shipped here as a kit, and that kit is then put back together," Faisal Sultan, who is also Lucids Global Vice-President, told Reuters.
December 14, 2023
Ather Energy: The program, ‘Ather Electric December’, is aimed at providing a seamless and hassle –free transition experience for EV enthusiasts with value-added services and accelerating the adoption of EVs in the country. The offers are valid on Ather’s best-selling scooter the 450X and the 450S till December 31, 2023, the company said.