General Motors has announced plans to sell its stake in its $2.6 billion battery cell plant jointly owned with LG Energy Solution. The transaction is reportedly worth $1 billion, equivalent to the automaker’s investment in […]
Tesla’s Energy division has once again proven to be a lucrative business for the company. The division reported deployment of 6.9 GWh of battery storage products in Q3, pushing the cumulative 2024 totals past 2023 […]
Tesla electric vehicles (EVs) may grab most of the headlines, but one of the company’s other rapidly growing businesses is Tesla Energy. According to the latest Q2 2024 report, the division deployed a record 9.4 […]
We reported Honda was considering investing $18 billion in EV manufacturing in Canada. Now, sources have revealed Honda Canada’s plan to set up a battery plant close to its factory in Ontario, where it will also […]
Battery production has not always been a smooth affair for Tesla, as it has encountered roadblocks on its journey to ramping up the production of the 4680 cells. However, the EV maker may have come upon […]
Tesla is steadily gaining market share in the US consumer battery storage market. According to data from Wood Mackenzie, Tesla’s Powerwall is silently taking over the sector. Wood Mackenzie estimates that 11 out of 100 […]
If you long for an affordable electric car, you might be able to purchase one from Volkswagen by the end of the decade, according to recent statements made by CEO Oliver Blume Speaking at a […]
Tesla has been fined by the Australian Competition and Consumer Commission (ACCC) for not adhering to mandatory safety standards concerning button batteries. The ACCC issued ten infringement notices to Tesla Motors Australia, amounting to a […]
Tesla will soon have a massive advantage over its rivals in sourcing batteries. According to an official statement, the factory would soon enable Tesla to lower its battery CapEx per GWh by 70% compared to […]
While Tesla is constantly in the news for expanding its car-making capabilities, it is also ramping up its battery energy storage business. Tesla is planning a Megafactory for producing Megapacks in Shanghai, China, with an initial capacity of […]
