Northvolt has reportedly missed internal EV battery production targets since September, reduces production at main plant
TECHNOLOGY POWERING BUSINESS
News Green IT
Xiaomi Raises EV Delivery Goal Amidst Strong Demand
Smartphone and electronics maker Xiaomi now aims to deliver 130,000 electric vehicles this year after SU7 launch in March
China Chip Production Slows Ahead Of New US Sanctions
Chip production slows in China in October ahead of expected export controls, while annual EV production capacity surges past 10 million units
Nvidia Market Value Surges Above $3.6tn
Investor optimism following Donald Trump re-election win pushes Nvidia to record high, adds 30 percent to Tesla stock price
Toyota-Backed Joby Flies ‘Air Taxi’ In Japan
Joby Aviation and Toyota Motor complete demonstration flight in Shizuoka as companies prepare to bring eVTOL into mass production
China’s BYD Overtakes Tesla On Quarterly Sales
Chinese carmaker BYD overtakes Tesla for first time in quarterly sales, as EU brings in tariffs over state subsidy concern
EU Electric Vehicle Duties Come Into Force After China Talks Fail
European Union's electric vehicle (EV) tariffs come into force this week as bloc accuses China of unfair state subsidies for green industries
Northvolt In Talks For 200m Euros In Short-Term Funding
Swedish EV battery start-up Northvolt in talks for 200m euros in short-term funding as it deals with production setbacks, China competition
EU States Approve China EV Tariffs In Split Vote
EU member states approve hefty tariffs on China-made EVs in spite of opposition from Hungary and auto-producing Germany
US House Passes Bill Targeting Chinese EV Battery Tech
US House of Representatives passes bill restricting tax credits for electric vehicles using battery technology licensed from China
AI Data Centre Boom ‘Driving Huge Rise In Emissions’
AI, cloud data centre expansion to produce 2.5 billion metric tonnes of emissions through end of decade, finds Morgan Stanley report
Xiaomi Buys $116m Plot To Expand Bejing EV Factory
Smartphone maker Xiaomi buys 131-acre plot of land in Beijing to expand initial EV plant following rapid sales of SU7 sedan
Xiaomi Entered EV Market ‘Due To US Sanctions’
Xiaomi chief executive says he decided to begin making electric vehicles after company was placed on US military blacklist in 2021
VW Chief Discusses Free Trade With China Officials
VW chief executive discusses free and fair trade with Chinese officials in Beijing after EU imposes electric vehicle tariffs
Tesla Production Lines ‘Shut Down’ By Global IT Outage
Some Tesla production lines reportedly shut down by worldwide systems failures linked to CrowdStrike software update
China’s Premium EV Makers See Deliveries Surge In June
China's top three premium EV makers see boost in deliveries in June, but incentives and discounts make profitability harder goal
Renault-Backed EV Start-Up BeyonCa Sets Up In Hong Kong
BeyonCa, backed by Renault and Dongfeng Motor, aims to create 'Made In Hong Kong' luxury electric vehicle brand
Troubled EV Maker Rivian Lays Out Path To Profitability
At first-ever investor day EV maker Rivian lays out profitability plans after $5bn deal with VW offers it financial lifeline
EU, China Agree To Talks Over Planned EV Tariffs
EU, China hold talks and agree to further negotiations as bloc plans tariffs up to 38 percent on Chinese electric vehicle (EV) imports
Workers Killed In Fire At South Korean Battery Plant
At least 22 workers killed in fire at lithium battery plant near Seoul after chain of explosions destroy second floor of structure
EU Adopts Law To Spur Green Tech Manufacturing
EU formally adopts Net-Zero Industry Act that seeks to boost EU green-tech manufacturing against rivals from China and US
Proxy Advisory Firm Advises Against Musk Tesla Pay Deal
Proxy advisory firm Glass Lewis advises shareholders to vote against record-breaking Musk pay package at Tesla
Shares In Chinese EV Firm Zeekr Soar On Debut
EV maker Zeekr, controlled by car giant Geely, valued at nearly $7bn as investors heartened by surging sales
Tesla Fires Software, Service, Engineering Staff
Tesla lays off software, service, engineering staff after disbanding Supercharger team, as major cull continues
Electric Vehicle Turned Away From Hospital Car Park
Liverpool's Alder Hey children's hospital turns away electric car from car park due to 'fire risk' as it upgrades sprinkler system
Tesla Cuts Prices Across Major Markets
Tesla cuts prices in US, China, Germany, other major markets as it faces intensifying competition, slowing sales
Tesla Recalls Thousands Of Cybertrucks Over Accelerator Fault
Tesla recalls 3,878 Cybertrucks over safety issue that could cause accelerator pedal to become stuck, increasing crash risk
Tesla Cuts More Than 10 Percent Of Workforce
Tesla lays off more than 10 percent of staff worldwide amidst slower growth, tougher competition from China
Elon Musk To Meet India’s Modi Over Import Deal
Tesla chief Elon Musk to meet India prime minister Narendra Modi amidst plans to import EVs and set up manufacturing plant
Government Wants Flying Taxis In Operation By 2028
Flying taxis could become reality in UK in next four years under new government action plan that also lays out path for routine drone deliveries