July 3, 2022

Ford, GM, Stellantis, Toyota Urge Congress to Lift EV Tax Credits Cap

By Riley Beggin From The Detroit News WASHINGTONā€”Ford Motor Co., General Motors Co., Stellantis NV, and Toyota Motor Corp. sent a letter to congressional leaders Monday urging them to lift the 200,000 customer cap for existing electric vehicle tax credits. The letter from the nationā€™s four largest automakers comes as Democrats in Congress are negotiating […]

Spotify to Scoop Company Behind Val Kilmerā€™s Voice in Tom Cruise Blockbuster

Actor Tom Cruise arrives in a helicopter to the world premiere of “Top Gun: Maverick” aboard the USS Midway in San Diego, on May 4, 2022. (Robyn Beck/AFP via Getty Images) Spotify Technology SA agreed to acquireĀ Sonantic. Sonantic is a dynamic AI voice platform that creates compelling, nuanced, and stunningly realistic voices from the text. […]

Tesla Hiring 500ā€“600 Staff a Month at German Plant: Regional Economy Minister

A line of electric vehicles of the model Y during the start of the production at Tesla’s “Gigafactory” in Gruenheide, southeast of Berlin on March 22, 2022. (Patrick Pleul/Pool/AFP via Getty Images) BERLINā€”Tesla is hiring 500 to 600 people a month at its Gruenheide plant and is working with the national employment agency to recruit […]

Tesla Supplier Looks to Invest $5B on EV Batteries, Supply Chain Software

The logo of Japan’s Panasonic is displayed in Tokyo, on May 10, 2021. (Philip Fong/AFP via Getty Images) Tesla Inc. battery supplierĀ Panasonic Corp.Ā looked to investĀ Ā„600 billion ($4.9 billion) in automotive batteries, supply chain software, and other areas it considered core to its growth. Panasonic looked to invest Ā„400 billion in growth segments, including electric-vehicle cells,…

Sorry, Papa Pete: Tesla Raises Prices on All Models After Buttigieg Suggests Buying an EV to Combat Pain at the Pump

Elon Muskā€™s Tesla has increased the prices of its entire lineup of electric vehicles shortly afterĀ Transportation Secretary Pete Buttigieg promoted electric cars as a solution to high gas prices. The Verge reportsĀ that Tesla has raised prices across its entire vehicle lineup by between 5 and 10 percent. The cheapest Tesla vehicle, the Model 3 Rear-Wheel…

Are EV charging points enough to tackle climate change?

Shares of China Evergrandeā€™s EV Unit Rise After $347 Million Share Sale Plan

HONG KONGā€”Shares of China Evergrande New Energy Vehicle Group Ltd. rose 11.1 percent to $0.50 on Monday, after the company said it planned to raise around $347 million in a share placement. Embattled property developer China Evergrandeā€™s electric vehicle (EV) unit said on Friday it would issue about 900 million shares…