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The Bolt does not align with GM's long-term EV technology strategy, but it is the Detroit automaker's best-selling and most affordable EV in North America, by far. Barra and GM officials did not say how much the new Bolt would cost or where it would be built. For GM, the Bolt has been the mainstay for its North American EV sales. In the first six months of this year, U.S. Bolt sales totaled 33,659 vehicles, outselling Ford's Mustang Mach-E, Hyundai's Ioniq 5 and other EVs from established automakers. Bolt sales rebounded this year after GM was forced to halt production of the car for nearly six months to fix problems linked to battery fires.

Persons: Rebecca CooK, Mary Barra, Barra, Sam Fiorani, EVs, Sandy Munro, Elon Musk, Fiorani, Bolt, Paul Lienert, Joseph White, Nick Zieminski Organizations: North American, REUTERS, General Motors, Chevrolet Silverado EV, Chevrolet, Detroit, GMC Hummer EV, GM, AutoForecast Solutions, Barra, Bolt, Munro & Associates, UAW, Thomson Locations: Detroit , Michigan, U.S, North America, United States, Ohio, Michigan, Orion, Detroit

Rising inventories and price-cutting could represent only a short-term pause in EV market growth. If production of EVs continues to outpace demand, automakers will have to choose between slashing prices and profit margins, or slowing assembly lines. More than 90 new EV models are expected to hit the U.S. market through 2026, according to AutoForecast Solutions. In a statement, Volkswagen's U.S. sales arm said "we have seen some softening in EV sales in the U.S. recently" as supply chain bottlenecks have eased, allowing for increased production. Wakefield said it is too soon to declare that U.S. EV demand has hit a plateau.

Persons: Tesla, EVs, Cox, Ford, Vitaly Golomb, Biden, Price, Mark Wakefield, Wakefield, Joe White, Nick Zieminski Organizations: DETROIT, EV, North, AutoForecast Solutions, Dealers, General Motors, Ford, Hyundai, Toyota, Cox Automotive, U.S, Cox, GM, Cadillac, GMC, Volkswagen, U.S ., VW, Industry, EVs, Thomson Locations: U.S, North America, United States, Texas, Washington, Tennessee

☆ Tesla charging technology put on fast track to become US industry standard
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - Tesla's (TSLA.O) electric-vehicle charging technology is being put on a fast track to become a U.S. standard, the automotive industry group of engineers that reviews standards said on Tuesday. Tesla's NACS standard has been gathering momentum for weeks. General Motors (GM.N) and Ford (F.N) have said they would embrace Tesla's NACS, shunning earlier efforts by the Biden administration to make the Combined Charging System (CCS) the dominant charging standard in the United States. On Tuesday the Society of Automotive Engineers (SAE) said it would start an expedited process to review NACS as a potential public standard. "The new SAE NACS connector standard will be developed on an expedited timeframe and is one of several key initiatives to strengthen the North American EV charging infrastructure," the engineers group said in a statement.

Persons: Tesla's, Biden, Hyunjoo Jin, Peter Henderson, Matthew Lewis Organizations: General Motors, Ford, of Automotive Engineers, SAE, North, Thomson Locations: U.S, United States, San Francisco

☆ Opinion: Uganda anti-LGBTQ law is outrageous. Here’s the smart way to fight it
▼ + stars: | 2023-06-15 | by ( Opinion Brett Bruen | ) edition.cnn.com time to read: +9 min

But perhaps most importantly in this context, it actually serves to further erode LGBTQ rights around the world. Putin has used attacks on LGBTQ rights as a way to try to appeal to African leaders, suggesting Russia is more aligned with their conservative values. Slapping stiff sanctions on Kampala will reinforce this rhetoric and allow the anti-LGBTQ attacks he’s using to gain greater strength. Instead, we should look at how to prominently elevate and sustain the focus on LGBTQ rights in our relations with Uganda as well as with these other nations. We should invite more Ugandan musicians, artists and actors to collaborate with leading American LGBTQ cultural figures.

Persons: Brett Bruen, Obama, Yoweri Museveni, doles, Brett Bruen CASME, Biden, George Santos, ” Santos, Ugandans, Vladimir Putin, Xi Jinping, Putin, Sen, Ted Cruz, Saddam Hussein Organizations: Inc, Georgetown University, Obama White House, CNN, State Department, United Arab, Ugandans, Twitter, Facebook Locations: American, Ivory Coast, Venezuela, Iraq, Madagascar, Uganda, United States, Kampala, East, Russia, Zimbabwe, Africa, China, Washington, Moscow, Beijing, Russian, Saudi Arabia, United Arab Emirates, Brunei, Eritrea

☆ A Chinese EV billionaire's wealth has plummeted 75% to $1.4 billion as aggressive price wars push customers to higher-tier cars — like Tesla or BYD
▼ + stars: | 2023-05-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

The fortune of He Xiaopeng, CEO of Chinese EV maker Xpeng, has fallen 75% from a 2021 peak. He owns 20.5% of Xpeng shares, which tanked nearly 20% this year. Despite the wealth wipeout, He is still the 2,048th richest person in the world — although his net worth is now just a quarter of his $5.5 billion wealth in 2021, per Forbes. The Alibaba-backed company's first-quarter net loss also widened to 2.34 billion yuan from 1.7 billion yuan a year ago. The EV maker launched its first mass-produced model, the G3, in 2018.

☆ This former Vietnam War POW spent 10 months in a 'tiger cage'
▼ + stars: | 2023-05-29 | by ( Brad Lendon | ) edition.cnn.com time to read: +12 min

Instead he scrambled out of a porthole and found himself face-to-face with the North Vietnamese. A day that Wallingford recalled as clearly as if it were yesterday, as he recounted it to CNN at a recent reunion for surviving Vietnam War POWs in California. As a longtime veteran of combat in Vietnam, Smith also had battlefield wisdom to impart to his brothers in arms. But what can’t be disputed is that soon after those bombings took place, early in 1973, North Vietnam did finally agree to a peace deal. “He had the stones to go to Hanoi and bomb them for (12) days, which ended the war,” Wallingford said.

☆ Analysis: GM's 2025 EV output could be crimped by battery bottleneck
▼ + stars: | 2023-05-18 | by ( Paul Lienert | ) www.reuters.com time to read: +4 min

"We have not changed our targets," GM spokesman Jim Cain said. Those targets include cumulative EV production of 400,000 from early 2022 through mid-2024, a revised goal that CEO Mary Barra reiterated earlier this year. "We believe GM’s targets are hittable despite hurdles to get there," Wedbush auto analyst Dan Ives said. GM has not issued specific North American EV production targets for 2024 and 2025. GM’s North American EV production targets beyond 2025 “will continue to push the limits” of its battery plants, according to AFS, including a recently announced fourth factory with new partner Samsung SDI (006400.KS) that isn’t expected to open until 2026.

☆ Tee-k Tock: The ‘appalling’ slow play controversy riling golf’s biggest stars
▼ + stars: | 2023-05-04 | by ( Jack Bantock | ) edition.cnn.com time to read: +14 min

Koepka, whose frustrations with slow play lit the touchpaper of a fiery feud with rival Bryson DeChambeau in 2019, made no secret of his grievances. It does become frustrating when you are waiting so long.”1-on-1 with newly minted PGA Tour winner Matt Fitzpatrick 03:48 - Source: CNNFurther complaints came from beyond the confines of the PGA Tour. I was penalized on LPGA for slow play … and it forced me to speed up,” Alvarez said. “It’s not very pleasant to watch somebody stand over the ball for half an hour.”Nicklaus is not a fan of slow play. “We want to keep the focus where it should be: on world-class shot-making.”Solutions: Golf’s shot clock eraSo how do you solve a problem like slow play?

☆ As lithium prices bounce, analysts love these stocks — giving one 155% upside
▼ + stars: | 2023-05-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

After a tough few months, lithium — a battery metal crucial in electric vehicles — is back in the spotlight as prices start to rebound. By the end of last week, however, lithium prices had started to bounce back. "Lithium prices in China gained for the first time this year on signs demand growth may be finally gathering pace … [and] amid thinning inventories across the supply chain," the ANZ Research analysts added. Canadian miner Sigma Lithium stood out for getting the highest potential upside from analysts at 155%, and a buy rating from 75% of analysts. Stocks that received a 100% buy rating included American EV battery maker Microvast Holdings and Australian miner Piedmont Lithium .

☆ Here's how EV batteries can be given a second life
▼ + stars: | 2023-03-29 | by ( Sydney Boyo | ) www.cnbc.com time to read: +6 min

China also accounts for over 70% of global EV battery production capacity, meaning the U.S. is heavily dependent on imports of batteries and battery minerals. It estimates that the lifetime of an EV battery is around 12 to 15 years in moderate climates. The company now has over 400 employees and offers what it calls a "one-stop solution" for used and faulty EV batteries. The company wouldn't disclose the number of battery packs it's capable of storing but said it handles on average 15 thousand battery packs and modules per month. "When I think about the future of EV battery recycling specifically, I see it as an increasingly competitive space," Malloy said.

The American EV market is small in comparison to operations in China and Europe. In 2021, the U.S. accounted for less than 10% of new global EV registrations, while China accounted for 50% and Europe 35%. China also accounts for 70% of the world's global EV battery production capacity, meaning that the U.S. is heavily dependent on imports of battery minerals. However, a number of companies are currently working on ways to recycle lithium-ion batteries including Spiers New Technologies, or SNT which focuses on remanufacturing, refurbishing, repurposing and recycling EV batteries. With the demand for critical minerals such as graphite, lithium and cobalt expected to increase by 2050, extending the life of an EV battery can be an important step to reduce the need for mining.

☆ TravelCenters of America to Add EV Fast-Charger Stations
▼ + stars: | 2023-01-30 | by ( Jennifer Hiller | ) www.wsj.com time to read: 1 min

While most EV charging takes several hours at home, fast chargers can repower a car battery in about 30 minutes. TravelCenters of America Inc. and Electrify America LLC plan to build around 1,000 electric-vehicle fast chargers across the U.S. starting this year, the latest matchup that would boost the amount of equipment available to American EV drivers who need a jolt of power on road trips. The partnership aims to add fast-charging stalls to around 200 of TravelCenters’ TA and Petro Stopping Centers. Fast chargers available to drivers of any kind of EV are in short supply across U.S. highways, where their presence is considered key to greater EV adoption as auto makers convert fleets to electric.

☆ Tesla pushes back Model 3 delivery times in Germany after price cuts
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Jan 20 (Reuters) - Tesla (TSLA.O) pushed back the delivery window for Model 3 vehicles on its website in Germany to February to April 2023 from January to March previously, a week after it slashed prices by between 4% and 12% depending on the variation of the model. Delivery times on the Model Y rear wheel drive, which saw the biggest price cut at 17%, had already been pushed to February to March from January to March. Expected delivery of the Model Y Long Range and Performance vehicles remained unchanged on Friday at January to March, the website showed. Tesla delivery times are still far ahead of other competitors in Germany, according to car comparison portal carwow. The company cut prices globally on the Model 3 and the Model Y last week, reversing course from the profit-over-volume strategy deployed across the industry since the pandemic of raising prices to overcome supply chain shortages.

Now, Chief Executive Elon Musk is using that superior profitability as a weapon in the EV price war he started. That emboldened automakers to push EV prices higher. Vietnamese EV startup Vinfast said Thursday it will use price promotions to fight back against Tesla. Chinese EV market leader BYD Co Ltd(002594.SZ) announced price increases effective Jan. 1 after Beijing phased out EV subsidies. However, BYD's gross margins of $5,456 per vehicle give it more headroom in a price war than VW, Toyota or GM.

☆ Tesla Sales of Chinese-Made Cars Hit Record, as Nation’s Auto Market Shrinks
▼ + stars: | 2022-12-08 | by ( Selina Cheng | ) www.wsj.com time to read: 1 min

HONG KONG— Tesla Inc.’s Shanghai factory had a record month of sales despite China’s auto market shrinking in the grip of a slowing economy and consumer demand under harsh Covid curbs, constraints that Beijing has just moved to start easing. The American EV giant sold more than 100,000 China-made electric vehicles in November even as passenger car retail sales shrunk by more than 9% on the year amid poor market conditions, according to China Passenger Car Association data released on Thursday. More than 60,000 of those were sold domestically, representing more than one-tenth of China’s EV market share. The rest were exported.

☆ Rep. Ted Lieu reflects on becoming the highest-ranking Asian American ever in House Democratic leadership
▼ + stars: | 2022-12-06 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

Rep. Ted Lieu, D-Calif., who recently became the first Asian American to be elected vice chair of the House Democratic Caucus, took a moment to reflect with NBC News on how he got there. “It’s actually more of a recognition by my colleagues of the growing importance of the Asian American Native Hawaiian and Pacific Islander communities,” he said. In two decades the Asian American electorate surged 139%, according to Pew Research. The congressman added that beyond Asian Americans, his win also showcases the power of a broad collective. “If you look at what the House Democratic Caucus did, it was, I feel, remarkable.

☆ Trump laughed at coverage of Pence refusing to eat alone with women who weren't his wife, according to new book: 'Now they're attacking Mike for being faithful to his wife!'
▼ + stars: | 2022-11-15 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +3 min

Former Vice President Mike Pence had a rule to never dine alone with a woman who wasn't his wife. Trump thought it was funny and ironic, Pence writes in his new book. Numerous commentary followed, much of it accusing Mike Pence of disadvantaging women's careers. Mike Pence wrote that Trump "saw the irony" of the coverage about the "Pence Rule." In response to the reports, Pence writes, Trump often quipped that his vice president was "way ahead of his time!"

☆ Tesla Breaks Its China Factory Delivery Record but Trails BYD
▼ + stars: | 2022-10-10 | by ( Selina Cheng | ) www.wsj.com time to read: 1 min

HONG KONG— Tesla hit a record of more than 83,000 electric-vehicle deliveries from its recently upgraded Shanghai factory in September, according to data released by the China Passenger Car Association. The plant delivered 83,135 EVs last month, an 8% increase from August, according to data released by the association on Sunday. The American EV maker still trailed Chinese rival BYD Co., which topped the charts for EV deliveries last month with almost 95,000 units, up 14% from August. BYD’s total sales, including hybrids, were a combined 201,000 units in September. BYD also broke its own records in September, in EVs as well as total sales.

☆ Tesla, BYD Break China Delivery Records as EV Rivalry Goes Global
▼ + stars: | 2022-10-10 | by ( Selina Cheng | ) www.wsj.com time to read: 1 min

HONG KONG— Tesla and its Chinese rival BYD Co. have each broken their monthly records for deliveries of electric vehicles in China as the global competition between the world’s biggest makers of new-energy autos intensifies. Tesla, the world’s biggest EV maker, delivered more than 83,000 Model 3s and Model Ys from its recently upgraded Shanghai plant in September, data released Sunday by the China Passenger Car Association show. The American EV maker controlled by Elon Musk had been ahead of BYD in China before production was disrupted by Covid-19 outbreaks in the country.

☆ 'Barrett is like Jesus' for evangelical voters: Why confirming a new Supreme Court justice before the election mattered more to Republicans than another coronavirus stimulus
▼ + stars: | 2020-10-28 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +9 min

It pales in comparison to getting the Supreme Court justice," an expert told Insider. The federal judge — now a newly minted Supreme Court Justice — is the first nominee in US history to be confirmed this close to an Election Day. McConnell's 'leave no vacancy behind' mindset about the courtsAnd the timing couldn't have been more ideal for the party, experts told Insider. In total, the top Republican has overseen 220 confirmations, including three Supreme Court justices. The Supreme Court offers them a shortcut "to enforce these kinds of values that they're really concerned about."

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