Giga Texas produces 20 millionth 4680 battery cell
Tesla has announced the Cell Team at Giga Texas has just produced its 20 millionth 4680 battery cell. The update from Tesla gives us a glimpse into how quickly 4680 cell production is ramping at […]
Rivian announces $1.5 billion convertible note offering
Rivian has announced it is offering $1.5 billion green convertible senior notes due in 2030. The American EV startup is granting buyers the option to purchase an additional $225 million. The cash-raise was revealed in a […]
Toyota and LG Energy Solution partner on $3 billion EV battery plant in the US
Toyota and LG Energy Solution have inked a strategic supply agreement to ensure a steady supply of lithium-ion batteries for Toyota’s US-manufactured electric vehicles, starting in 2025. LG Energy Solution is committing a substantial $3 […]
Northvolt picks Quebec for $7 billion EV battery plant
Quebec has made a substantial bet on its future as a global leader in electric vehicle (EV) battery production by investing $2.9 billion to lure Northvolt, a Swedish battery manufacturer, to set up its new […]
Ford pauses construction of $3.5 billion CATL battery plant in Michigan
Ford has announced it is halting construction of its $3.5 billion Blue Oval Battery Park in Michigan, a facility that is intended to manufacture lithium iron phosphate (LFP) cells for its electric vehicles (EVs). The […]
Jaguar adopts Tesla’s NACS for its next generation electric vehicles
Jaguar is the latest automaker to jump on board the North American Charging Standard (NACS) train, announcing today they will be adopting Tesla’s charging technology on its next generation electric vehicles (EVs). Jaguar is now […]
Tesla plans to source up to $1.9 billion in components from India this year
Tesla is set to significantly boost its collaboration with Indian suppliers, with plans to source components worth nearly $2 billion from the country, according to Union Minister Piyush Goyal. Speaking at the 63rd Annual Session […]
Tesla Receives €149 million In New EU Charging Funding
The European Union (EU) have announced additional AFIF funding for charging stations and electrification of ports and airports. Tesla is the largest beneficiary of this funding round and will receive 42% of the allocated money […]
BMW investing $750m in UK plants for electric Mini production
German automaker BMW has revealed plans to invest $750 million in the UK to support the production of the electric Mini starting in 2026. This will help BMW to achieve its goal of completely electrifying the popular […]
Quebec government announces $514 million investment to add 116,000 EV charging stations
The Quebec government has unveiled plans to invest $514 million over the next five years to install an additional 116,000 public electric vehicle (EV) charging stations across the province. The significant investment, announced today by […]
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