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The US-based car manufacturer run by billionaire Elon Musk delivered 484,507 vehicles in the fourth quarter of 2023, said a company filing -- up more than 11 percent from the previous quarter. But this increase was not enough to maintain Tesla's crown as the world's top battery electric vehicle producer and seller, as Chinese rival BYD reported sales on Monday of 526,409 for the same period.
News News: Suhas Rajkumar, Founder and CEO, Simple Energy, spoke at length about the ongoing speculations with TOI Auto and revealed the company's future plans,
Battery giants are exploring sodium-based technology as an alternative to lithium, signaling a potential shift in the energy storage industry. Sodium, more abundant and cheaper than lithium, has not been widely used due to the superior range and performance of lithium cells. However, recent breakthroughs, including Sweden's Northvolt AB and China's BYD Co. signing a deal for a $1.4 billion sodium-ion battery plant, suggest a growing interest in sodium technology.
Piyush Goyal visited Tesla's factory in California, however, the expected meeting with CEO Elon Musk did not take place.
International Business News: Amazon.com has 10,000 Rivian electric delivery vehicles making routes across the US and Europe, the company said during a business presentation on Tue