Tesla Inc. Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year. When the Wall Street Journal’s Thorold Barker asked Musk at an event if India was interesting, he said, “Absolutely.” Tesla is “serious” about its plans to establish a…
Britishvolt: Australian EV Battery Startup Completes Takeover of UK Venture
February 27, 2023
admin
AustraliaBoris JohnsonBritish governmentBritishvoltBusiness & MarketsCompaniesEVEV batteriesgigafactorylevelling upnet zeroUKWorld
0 Comment
Australian startup Recharge Industries has confirmed that it has completed the takeover of Britishvolt—the UK company that failed to build a battery factory in northeast England. Founded in 2019, Britishvolt had promised to build a £3.8 billion ($4.6 billion) gigafactory to produce batteries for electric cars in Blyth, Northumberland. The company said it would employ…
Britishvolt Was ‘Highly Risky Project’ and Government Should Walk Away From It: Energy Expert
January 30, 2023
admin
BritishvoltBusiness & MarketsChinaeconomic policieseconomyelectric batteriesenergygigafactoryInvestmentPrime Minister Rishi SunakUKWorld
0 Comment
Britain should give up on plans for gigafactories making batteries for electric cars and accept that it cannot compete with countries with lower labour costs, according to an energy expert. Britishvolt, a start-up that planned to build a huge factory in Blyth, Northumberland, went into administration earlier this month owing £100 million to creditors. Andy…
Tesla Files for $776 Million Expansion of Texas Gigafactory
Tesla has applied to expand its gigafactory in Texas with an investment totaling $775.7 million, government filings showed, marking one of its largest expansion drives since setting up the $5.5 billion gigafactory in Germany last year. It plans to add five new facilities at its Austin site, including a cell test lab and a unit…
Tesla Bull Dan Ives Sees 70 Percent Upside in Tesla
March 8, 2022
admin
BerlinBusiness & EconomyCompanieseconomyEuropegigafactoryInternationalproductionteslaUpsideUSUS NewsWorld
0 Comment
Tesla Inc. overcame a “major overhang” after German authorities cleared its production at a new factory in Berlin, according to Wedbush analyst Dan Ives. Ives, a well-known Tesla bull, sees the stock rising, emphasizing the Berlin “Gigafactory″ as of utmost importance to Tesla and its stock price. Ives said that the company’s Model Y is…
Tesla to Win Approval for $5.5 Billion Berlin Gigafactory on Friday
BERLIN—The German state of Brandenburg has called a news conference for Friday at which it is widely expected to approve Tesla’s 5 billion euro ($5.5 billion) gigafactory near Berlin if certain conditions are met. “The approval procedure for the e-car and battery factory of the U.S. company Tesla in Gruenheide in Brandenburg is nearing completion,”…
UK’s Northumberland Gigafactory Gets Government Backing
The UK government has backed plans for an electric vehicle battery gigaplant which will employ 3,000 people and create another 5,000 jobs. Britishvolt’s plans for a plant in Blyth, Northumberland, are being supported by the government’s Automotive Transformation Fund. The government backing is for an undisclosed amount believed to be around £100 million. Artist’s impression…
Northvolt Assembles First ‘Homegrown’ Lithium-Ion Battery Cell for Electric Vehicles at Swedish Gigafactory
Swedish battery developer and manufacturer Northvolt has assembled the first “homegrown” lithium-ion battery cell for electric vehicles at a Skellefteå gigafactory, the company announced on Wednesday. In a statement, the company said the battery marks a “new chapter in European industrial history,” as the cell is the first to have been “fully designed, developed, and…
Volkswagen Plans to Decide New Gigafactory Locations in First Half of 2022
BERLIN—Volkswagen said on Monday it was looking at locations for planned battery cell plants in Spain and eastern Europe and the exact sites for its third and fourth gigafactories would be determined in the first half of 2022. “By 2030, Volkswagen plans to open two more cell factories in Europe,” the group added in a…
Tesla Model 3 Becomes First EV to Top European Monthly Sales
FRANKFURT—Tesla’s Model 3 topped European car sales in September, marking the first time an electric vehicle has done so in monthly charts, research group JATO Dynamics said on Monday. At 24,591 cars registered, Tesla’s Model 3 recorded year-on-year growth of 58 percent, followed by Renault’s Clio, Dacia’s Sandero, and Volkswagen’s Golf model, JATO said. In…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`