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Volkswagen CEO Herbert Diess to remain but with fewer powers
According to sources, Volkswagen‘s CEO Herbert Diess is likely staying on as the leader of Europe’s largest automaker. However, he will cede some responsibilities after a clash with local labour leaders. It seems like Diess […]
Elon Musk says Biden’s EV bill should be canned, US should ‘get rid of all’ government subsidies
Tesla CEO Elon Musk said the Biden administration’s $2 trillion spending bill that includes a number of electric vehicle (EV) related incentives should be shelved. In addition, Musk believes the US should get rid of […]
Lucid Group issued subpoena from SEC over SPAC deal
Lucid Group revealed on Monday the company has been issued a subpoena from the U.S. Securities and Exchange Commission (SEC). The subpoena was in relation to Lucid’s merger with a with a special purpose acquisitions […]
Toyota to build $1.29 billion EV battery plant in North Carolina
Toyota announced today that they are building a new $1.29 billion EV battery plant in North Carolina. Located near Greensboro, North Carolina, the plant will produce enough lithium-ion batteries for 200,000 EV vehicles. The plant […]
Slow moving bureaucracy behind Tesla abandoning €1.1 billion in funding for battery factory in Germany
Tesla surprised many last month when the automaker withdrew its application for state aid for its planned battery factory in Grünheide, Germany. The decision meant Tesla was leaving €1.1 billion in government funding for the […]
Tesla sales in Germany rise 234% in November as legacy automakers see double digit declines
Even before Giga Berlin opens its doors, Tesla is showing off its dominance in the German automotive market. In the month of November, Tesla sales rose 234% while at the same time overall car sales […]