Tesla’s credit rating is moving up to investment-grade status, with Moody’s Investors Service moving the rating up a notch to Baa3 late yesterday. The move is not a surprise as the S&P Global Ratings did […]
Mercedes-Benz is set to invest billions of dollars in modernizing its plants in China, Germany, and Hungary in the coming years. This move is in preparation for the automaker’s shift towards electric vehicles and its goal […]
Rivian has lost its chief engineer Charles Sanderson to his old employers. Sanderson returned to McLaren after spending five years at the American startup, as reported by Automotive News. Sanderson joined Rivian to develop its R1 vehicle […]
Volkswagen is planning to invest in mining projects as part of a wider effort to reduce the cost of battery cells, meet 50% of its own demand, and sell to third-party customers. Thomas Schmall, the […]
SpaceX has set up a subsidiary in Seoul to bring Starlink satellite internet services to South Korea. SpaceX established Starlink Korea LLC on March 8th, and Lauren Ashley Dreyer, the senior director of Starlink business […]
Amazon has revealed three versions of user terminals for its Project Kuiper satellite internet network, which aims to compete with SpaceX’s Starlink. Amazon hasn’t yet launched any satellites to provide internet service, but the retail […]
BYD is joining the Chinese price wars with price cuts to the Song Plus line-up and Seal for the rest of March. The price cut will be in the form of a discount rather than […]
Volkswagen has previously announced plans to build six battery cell factories in Europe by 2030, providing them with a capacity of 240 Gigawatt hours (GWh). Those plans have now been paused as the automaker waits […]
Lucid announced yesterday that it has selected Orange Business as the preferred European partner for in-vehicle connectivity and digital expertise. Orange has assisted Lucid in several ways: Provided a seamless pan-European internet of things solution. […]
Rivian has announced plans to add up to $1.3 billion to its bank accounts through the sale of green convertible senior notes to institutional buyers. The capital raise comes less than one week after the […]
