LG Energy Solution (LGES) posted a provisional sales decline of 29.9% year-over-year, amounting to 6.3 trillion won (US$4.46 billion). It also reported an operating profit of 157.3 billion won (US$114 million), down 75.2% compared to the previous year. According to South Korean financial anaylsts, LGES posted an operating loss in the first quarter of 2024 when […]
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The Tesla Optimus humanoid robot could start selling externally by 2025. Tesla seems to be making record progress in developing Optimus. The Tesla bot is already performing simple tasks at the company’s factories. A job post published a few months ago hints that Tesla Optimus robots have been or will be shipped to gigafactories across the […]
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The new Tesla Model 3 Performance recently debuted in China. The Model 3 Performance is also available in Australia, New Zealand, and Southeast Asian countries (ASEAN), which is no surprise since Giga Shanghai is Tesla’s main export hub. Tesla China has already started promoting the new Model 3 Performance to customers. The Performance All-Wheel Drive (AWD) variants […]
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BYD is expected to unveil its electrified pickup truck at the Beijing Auto Show on April 25. The Chinese automaker revealed a few details about its first pickup truck to pique people’s interest before the unveiling. BYD officially announced that its upcoming electrified pickup truck will be called the Shark. Given that the automaker’s other […]
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Tesla Thailand launched a special interest rate program for Model 3 and Model Y customers. Tesla’s special interest rate program in Thailand starts at 2.49%. “The limited program only you start today. An important opportunity to get a special interest rate starting at just 2.49% with 1st class insurance and a 4-year Tesla car maintenance […]
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Earlier this week, Rivian announced plans to lay off 1% of its workforce. The electric vehicle (EV) car maker explained that the second round of job cuts will reduce costs during a slowdown in EV demand. “This was a difficult decision, but a necessary one to support our goal to be gross margin positive by […]
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Stellantis acquired 49.5% of an Argentine solar power producer to increase its self-sufficiency in its operations. The legacy automaker invested $100 million in 360 Energy Solar. Stellantis hopes to develop new solar plants, install large-scale solar storage systems, and produce hydrogen energy through the partnership. In January 2024, Stellantis Pro One announced the expansion of […]
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Hyundai Motor Group plans to develop materials that enhance the performance of electric vehicles. To achieve this goal, it entered into a strategic partnership with Japanese material manufacturer Toray Industries. Hyundai plans to proactively use new materials in its future mobility products, including its future electric vehicle designs. Hyundai and Toray will work together to […]
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The State Secretary of Economy of Nuevo León assured that Tesla’s global staff reduction does not affect Giga Mexico’s construction. Secretary of Economy Iván Rivas Rodríguez told Milenio that work on Tesla Gia Mexico is still proceeding, and the company’s investment in the municipality of Santa Catarina is still on the table. “Everything continues as planned, I […]
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Tesla shareholders might be asked to vote on Elon Musk’s nearly $56 billion pay package again. On Monday, Tesla filed paperwork so shareholders could vote to approve Elon Musk’s 2018 pay package again. The filing came with a letter written by Chairperson Robyn Denholm, who wrote that the Tesla Board disagreed with the Delaware Court’s […]
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