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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.
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.
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.
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.
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.