Tag: Industry

Tesla Moves Berlin Gigafactory Deadline By Six Months, Will Start Production In January 2022

Tesla is reportedly delaying the launch of its Berlin Gigafactory, pushing the start of production back to January 2022. Tesla’s CEO Elon Musk gave his German team an extra six months to commence production at the new plant, according to Automobilwoche, which cites company sources. The carmaker had said on April 26 that production was […]

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BMW, Ford, And Others Invest $130 Million In Solid-State Battery Company

Solid-state battery producer Solid Power announced a $130 million investment round led by Ford, BMW, and Volta Energy Technologies today. The two automakers have also expanded their joint venture with the battery manufacturer. The investment comes with a view to preparing Solid Power to produce batteries at a scale and size large enough for automotive […]

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Automakers Urge For More Help Over Chip Shortage During Senate Hearing

Car manufacturers in the United States have asked Congress for more assistance in dealing with the shortage of semiconductors. Speaking with a U.S. Senate subcommittee, the head of the Alliance of Automotive Innovation, John Bozzella, said that the nation must expand local production of semiconductors. “There is an undeniable need to expand semiconductor capacity in […]

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Tesla, GM, VW And BYD Make Time Magazine’s List Of 100 Most Influential Companies

The automotive world is in the midst of a sea change, and according to Time Magazine, the four automotive companies with the greatest impact on the world are Volkswagen, General Motors, Tesla, and China’s BYD. In fact, the cover of the Time100 issue focused on the most influential companies on earth will feature GM CEO […]

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Honda Going To Sell Only Electric And Fuel-Cell Vehicles Globally By 2040

Honda announced its accelerated strategy towards the complete electrification of its range, saying that is now targeting to sell only EVs globally by 2040. The Japanese carmaker’s new plan is for battery-electric and fuel-cell electric vehicles to account for 40 percent of its total sales in North America by 2030, and 80 percent by 2035, […]

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Jaguar Land Rover Are The Latest To Halt Production Due To Chip Shortage

Jaguar Land Rover will temporarily stop production at its Halewood and Castle Bromwich plants, reports The Guardian. The hold on car production is expected to last a week, as executives assess the ongoing difficulties associated with obtaining chips. The news is not unexpected, as virtually all manufacturers have announced some level of disruption to automotive […]

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McLaren Sold Its Iconic Woking Headquarters For $237 Million

The McLaren Group has sold its headquarters in Woking, but it won’t be leaving anytime soon. The British car manufacturer has confirmed it sold the facility, which includes the McLaren Technology Centre, McLaren Production Centre, and McLaren Thought Leadership Centre, for £170 million (~$237 million). The property was purchased by U.S. company Global Net Lease. […]

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