Tesla is closing in on Gigafactory 3 deal in China with 500,000 cars per year capacity, report says

Tesla CEO Elon Musk is reportedly in China right now to close the long-anticipated deal to build a wholly-owned local factory without a joint-venture with a Chinese company.
Reports coming out of the country claim that the automaker is now finally clos…

VW is trying to break another record with its custom built all-electric Pikes Peak race car

As the name implies, VW built the all-electric Volkswagen I.D. R Pikes Peak race car for the Pikes Peak International Hill Climb.
But now that they broke the record with the car, they want to try the impressive electric vehicle on other circuits.
They&…

The sale of Nissan’s battery cell division fails as the Leaf is about to get LG batteries

Nissan has been trying to get rid of Automotive Energy Supply Corporation (AESC), its battery cell subsidiary, for a long time.
Last year, it confirmed that it sold AESC to GSR Capital, a private investment fund based in China, but the Japanese automak…

BMW confirms all-electric iX3 SUV will be built in China and exported to other markets, signs massive battery contract

When BMW unveiled the all-electric iX3 SUV in Beijing earlier this year, the German automaker’s plan for the vehicle wasn’t clear outside of China.
Now they have confirmed that the upcoming new electric vehicle will be built in China and ex…