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They argue that geopolitical tensions between the West and China risk the reliable supply of rare earth minerals. Aclara's Barua said that Western supply of rare earth elements will not develop if it depends on Chinese prices. "The price of any metal (rare earth or otherwise) that is coming from China or from western countries has the same pricing, so why should rare earth pricing be different?" The discussion on pricing has come up often in the Rare Earth Industry Association, said Veluri, who is also the president of the global organization with partners representing the whole rare earth value chain. "But for things like cobalt, copper, or rare earth metals there is a good strategic play to find with a mining partner."

Persons: Ramon Barua, Aclara's Barua, Veluri, Australia's, Tim Harrison, Harrison, Flavio Volpe, Volpe, Divya Rajagopal, Denny Thomas, Marguerita Choy Organizations: TORONTO, Reuters, Aclara, Earth Industry Association, Companies, Automotive Parts Manufacturers Association, Thomson Locations: China, Chile, West, Beijing, Badrinath, Denmark, Vietnam, Malaysia, Myanmar

[1/2] India's Commerce Minister Piyush Goyal takes part at the panel discussion "Trade: Now what?" during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. This meeting is to ensure that talks between India and Tesla "are moving in the right direction," the person added. Prime Minister Modi's office held a meeting with various ministries on Monday to expedite the new EV policy, said a third source. Reporting by Aditya Kalra, Aditi Shah and Shivangi Acharya; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Piyush Goyal, Arnd, Elon Musk, Narendra Modi, Tesla, Aditya Kalra, Aditi Shah, Shivangi, Chizu Organizations: India's, REUTERS, Tesla, Indian, Reuters, U.S, EV, Thomson Locations: Davos, Switzerland, DELHI, United States, U.S, India

☆ EV Makers Turn to Discounts to Combat Waning Demand
▼ + stars: | 2023-11-07 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Giant touchscreens. EVs have become computers on wheels. WSJ’s Joanna Stern took three of the leading cars on a road trip and then leased the best one. Photo illustration: Annie Zhao/The Wall Street JournalBuyers looking to get a bargain on a new car might want to consider an electric vehicle. As sales growth has slowed for battery-powered models, automakers and dealers are slashing prices and piling on discounts to clear out unsold inventory.

Persons: Joanna Stern, Annie Zhao Organizations: Street

☆ The Ram 1500 Ramcharger will be a hybrid like a diesel locomotive
▼ + stars: | 2023-11-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —Stellantis’ new Ramcharger pickup, expected to go on sale late next year, will be an “electric” truck, the company says. It will be sold alongside the Ram REV, the company’s actual fully-electric truck, expected to go on sale around the same time. Tim Kuniskis, the head of Stellantis’ Ram truck brand, insisted during a press conference that the Ram 1500 Ramcharger is not a plug-in hybrid. Also, the Ram truck can use DC fast chargers to quickly recharge its batteries. Ram previously unveiled an electric-only truck, the Ram REV, which will also go on sale late next year.

Persons: Tim Kuniskis, Stellantis ’, Ramcharger, Ram, Kuniskis, “, ”, Carlos Tavares, Stellantis hasn’t Organizations: CNN, Toyota Prius, Chevrolet, Toyota Camry, Ford, General Motors

☆ Ford is losing dealers' trust after a rocky year for the EV transition
▼ + stars: | 2023-11-07 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Nearly half of Ford dealers said they have "no trust" in their franchise in new survey. Ford dealers have had a tough year balancing EV demand. AdvertisementAdvertisementIt's been a tough year for Ford dealers, and it's becoming clear some are losing patience. Ford came in dead last in a recent survey on dealers' level of trust in their franchises, with 46% of Ford dealers surveyed by Kerrigan Advisors saying they had "no trust" in their franchise. This breakdown in trust and pessimism about the future shouldn't come as too much of a surprise after the year Ford dealers have had.

Persons: Ford, —, Kerrigan, Elon Musk, Cameron Johnson, Martin French Organizations: Ford, Service, Kerrigan Advisors, Survey, Magic City Auto Group, Nissan, Lincoln, Toyota, Lexus, Subaru Locations: Virginia

☆ Stellantis' new Ram pickup is an EV — with a gas-powered generator in case the battery runs out
▼ + stars: | 2023-11-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

The 2025 Ram 1500 Ramcharger is expected to go on sale in late 2024 alongside a previously revealed all-electric Ram 1500 truck without a gas-powered engine or range-extending electric generator. That range compares with up to an expected 500-mile range of the all-electric Ram 1500 REV pickup. 2025 Ram 1500 Ramcharger Tungsten RamSimilar propulsion technology — referred to as extended-range electric vehicles, or EREVs — is available in overseas markets, specifically China. For the traditional Ram 1500 models, the biggest change is the company is dropping its well-known Hemi V-8. Ram's 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale in late 2024.

Persons: Ramcharger, Tim Kuniskis, Kuniskis, Stellantis, Stephanie Brinley, It's, Michael Wayland Organizations: DETROIT, U.S . Environmental Protection Agency, P Global Mobility, General Motors, Chrysler, Jeep, Fiat, U.S, Dodge, CNBC, GM, Ford Motor, Chrysler Pacifica minivan, Cherokee Locations: China, Pontiac, Mich

The source, who declined to be named, did not say when production would begin. A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. At the same meeting, he informed staff of plans to build the 25,000-euro vehicle there, the source said. German union IG Metall said in 2022 that Tesla wages were around 20% below those offered under collective bargaining agreements at other carmakers. ($1 = 0.9315 euros)Reporting by Victoria Waldersee, Editing by Rachel More, Bernadette Baum and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Musk, Tesla, Annegret, Elon Musk, Europe's, Metall, Victoria Waldersee, Rachel More, Bernadette Baum, Emelia Organizations: Staff, JATO Dynamics, Reuters, Volkswagen, REUTERS, Thomson Locations: BERLIN, Berlin, United States, Europe, China, Gruenheide, Germany

☆ GM-UAW agreement expected to include more affordable Bolt EUV
▼ + stars: | 2023-11-06 | by ( Paul Lienert | ) www.reuters.com time to read: +3 min

General Motors assembly workers connect a battery pack underneath a partially assembled 2018 Chevrolet Bolt EV vehicle on the assembly line at Orion Assembly in Lake Orion, Michigan, U.S., March 19, 2018. GM said on Monday it would not comment on the tentative agreement pending ratification by the UAW. The UAW summary did not specify products or timing for GM's Fairfax and Lansing plants. GM currently builds the Chevrolet Malibu and Cadillac XT at Fairfax and the Cadillac CT4 and CT5 and Chevrolet Camaro in Lansing. Chief Executive Officer Mary Barra has said the current Bolt will be phased out of production at the end of this year.

Persons: Rebecca Cook, GM's Fairfax, Mary Barra, Ford, ”, Bill Rinna, “ BEV, Sam Fiorani, Stellantis, Paul Lienert, Matthew Lewis Organizations: Motors, Bolt, Orion Assembly, REUTERS, Rights DETROIT, General Motors, Chevrolet, Cadillac, Reuters, UAW, GM, Chevrolet Malibu, Fairfax, Ford, AutoForecast Solutions, Thomson Locations: Lake Orion , Michigan, U.S, Kansas, Michigan, Lansing, Fairfax , Kansas, Fairfax, Lansing ., Detroit

☆ Tesla's top designer was spotted driving a matte black Cybertruck — and X users can't decide if it looks awesome or completely horrible
▼ + stars: | 2023-11-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Tesla's chief designer was spotted driving a matte black Cybertruck. It's the latest in a series of wraps the unique vehicle has been pictured in. AdvertisementAdvertisementTesla's Cybertruck debuted a new matte black wrap over the weekend, adding to the color schemes it has been spotted in. BEST video of the matte black Cybertruck in Malibu this morning! "Don't worry everyone, the Cybertruck looks horrible in matte black too," said one post which was seen over 1 million times.

Persons: —, Franz von Holzhausen, Tesla, Elon Musk, Joe Rogan Organizations: Service Locations: California, Malibu

☆ Tesla may finally be about to produce a truly affordable electric car
▼ + stars: | 2023-11-06 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Tesla could build a new car that will sell for nearly $27,000, per Reuters. It could be a boost for the EV transition, which has been hampered by a lack of affordable options. AdvertisementAdvertisementTesla is planning to build a 25,000 euro ($27,000) electric car at its Berlin Gigafactory, according to a report from Reuters citing an unnamed source. Tesla CEO Elon Musk reportedly told staff about the plans during a visit to the factory on Friday. AdvertisementAdvertisementCurrently, the cheapest vehicle Tesla sells is the $38,990 Model 3, which was briefly available for $35,000 in 2019.

Persons: Tesla, —, Elon Musk, Kelley, Musk Organizations: Reuters, Service, Tesla, Ford, GM, EV Locations: Berlin

☆ India developers seek to cash in on soaring EV sales with residential chargers
▼ + stars: | 2023-11-06 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +3 min

[1/2] Electric Vehicle(EV) charging units are seen at a parking lot of Sobha city, a real estate property, in Gurugram, India, October 27, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsNov 6 (Reuters) - More developers in India are putting electric vehicle chargers in parking slots of new developments, hoping to boost the value of the property and attract more buyers in a country where the charging infrastructure can't keep up with soaring EV sales. While EVs accounted for just 2.4% of India's vehicle sales in the first half of this year, EV sales grew 137% to 48,000 units during the same period, research firm Canalys says. The world's most populous nation is aiming to make EVs account for a third of total vehicle sales by 2030, but scarcity of public charging stations could derail these ambitions. Sobha has gone a step further and launched two residential projects in Bengaluru with EV charging facilities in all available parking slots.

Persons: Anushree, Canalys, Javed Shafiq Rao, Ravneet Phokela, Aby Jose Koilparambil, Dhanya Skariachan, Miyoung Kim Organizations: REUTERS, Alliance for Automotive Innovation, Prestige, EV, Mahindra Lifespace, Brigade, DLF, Ather Energy, Survey, Thomson Locations: Gurugram, India, United States, Bengaluru, Delhi, Uttar Pradesh

☆ Stocks making big moves premarket: Dish Network, Bluegreen, Albemarle and more
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Dish Network — Shares dropped 6.2% premarket after the company missed Wall Street's expectations on both revenue and earnings, driven by substantial losses in its pay-TV retail wireless subscribers. Dish lost 26 cents per share in the third quarter, while analysts expected earnings of 5 cents per share, according to LSEG, formerly Refinitiv. Nvidia — The semiconductor stock added 1.1% premarket Monday, lifted by Bank of America's optimism about Nvidia's quarterly earnings due Nov. 21. Affiliated Managers Group — Shares of the asset manager company gained 2.5% third quarter earnings and revenue topped analyst estimates. AMG posted revenue of $525.2 million, exceeding analysts' estimate of $509.4 million.

Persons: Tesla, RingCentral, Schuster, SATS, Jane, FactSet, — CNBC's Brian Evans, Jesse Pound, Michelle Fox Theobald, Scott Schnipper Organizations: Reuters, Hilton, Paramount, CBS, Bank of America, Dish, Citigroup —, CNBC, Citigroup, Bora Bora, Nvidia, Bank of, UBS, Dominion Energy, Barclays Locations: Berlin, China, Albemarle

☆ Thinking of Buying an Electric Car? The Tax Credits and Benefits to Know
▼ + stars: | 2023-11-05 | by ( Perri Ormont Blumberg | ) www.wsj.com time to read: 1 min

If you’re considering buying an electric vehicle, you’ll have to answer one big question: Where will you charge it? If you live somewhere without a garage or nearby charging station, this might be a tricky time to go full electric. More than half of U.S. consumers say they are thinking about buying either a new or used EV, up from 38% in 2021, according to recent research from Cox Automotive. The top reason people aren’t going for EVs? The cost, followed by a lack of nearby charging stations.

Organizations: Cox Automotive Locations: U.S

☆ One of Tesla's top Chinese competitors reportedly expected to lay off employees as it eyes the US market
▼ + stars: | 2023-11-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Reorganization at Nio comes as the company eyes the US market. AdvertisementAdvertisementBig changes are in store for Chinese electric car company Nio, one of Tesla's biggest rivals in the world's largest vehicle market. News of layoffs and reorganization at Nio come as the Shanghai-based company eyes US EV sales by 2025 . Chinese car companies have often eyed the US market, but none have yet made a big splash in the highly competitive market. Years of growth in the US EV market is showing signs of slowing, and US manufacturers are pulling back on big electric vehicle production promises.

Persons: —, Elon, Nio, Tesla, haven't, Martin French Organizations: TechCrunch, Service, US, EV, US EV, Shanghai, Ford, GM Locations: Shanghai, Nio

☆ This $13,000 microcar is outselling Teslas in Japan. Here's what drivers love about it.
▼ + stars: | 2023-11-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Drivers told Insider the tiny car is a "blast" to drive and perfect for driving in busy cities. AdvertisementAdvertisementJapan's best-selling EV is a tiny car that sells for just $13,000 — and drivers have told Insider exactly what they like best about it. "A smaller electric car is more sustainable and suits a lot of people's actual driving needs. I think that's at least partly why bigger electric cars, like Teslas, are not so popular here," he added. "I think Japanese automakers underestimated the appeal of electric cars here for a long time," he said.

Persons: Nissan Sakura, —, Sakura, Nissan, Michael Brown, Brown, Michael, RICHARD A, BROOKS, Tesla Organizations: Nissan, Drivers, EV, Service, Bloomberg, Mitsubishi, Reddit, Toyota, Honda, Suzuki Locations: Japan, Higashimurayama City, Tokyo

☆ Elon Musk, who hates unions, has to deal with a rare strike at Tesla after his Swedish workers walked out
▼ + stars: | 2023-11-05 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

A Swedish union is leading strikes against Tesla to secure a collective labor agreement. AdvertisementAdvertisementTesla is facing growing strike action in Sweden over its refusal to accept a collective labor agreement. Not all Tesla employees are participating in the strikes, however. Musk has consistently rejected calls for his staff to unionise, tweeting in 2018 that Tesla employees could lose their stock options if they did so. The factory has reportedly seen an unusually high number of work-related accidents and IG Metall says union signups among Tesla workers have surged.

Persons: Tesla, —, Elon Musk's, Musk, Elon, Christiane Benner, Metall, Benner Organizations: Service, IF Metall, Tesla, The New York Times, Metall, UAW, Bloomberg, United Auto Workers Locations: Sweden, Swedish, tweeting, Europe, Berlin

[1/2] United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. The UAW released more details of its tentative 4-1/2 year deal with GM <on Saturday. Temporary workers will have a faster path to full-time status and could see wages rise by about 50% immediately. The GM agreement will move more than 7,000 UAW workers in GM component plants, service parts warehouses and what GM calls "subsystems" operations up to the higher wage levels paid to assembly plant workers. "This contract has wage increases and economic gains like nothing we've ever seen before," UAW Vice President Mike Booth said.

Persons: Shawn Fain, Rebecca Cook, Mike Booth, Fain, Joe White, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Rights DETROIT, General Motors, UAW, GM, Detroit, Ford, Chrysler, Auto, Toyota, Honda, Volkswagen, Hyundai, Tesla, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Lordstown , Ohio, Orion, Michigan, Spring Hill , Tennessee, Detroit, Bengaluru

Ford envisions at least three new electric vehicles that will preserve jobs at several factories. Those and other closely held production plans by Detroit's automakers have emerged in details of the tentative contract agreements that ended the six-week strikes by the United Auto Workers union. The UAW's success in gaining commitments from the companies to build new electric vehicles at several factories represented a particular achievement. The automakers have all embraced the transition to electric vehicles as a large-scale and long-term commitment. And not all the companies’ production plans under the contract, of course, involve electric vehicles.

Persons: —, Biden, What's, Ford, Stellantis, ___ Veiga Organizations: DETROIT, Ford, General Motors, Detroit's automakers, United Auto Workers, Workers, EVs, EV, Dodge, Jeep, Cherokee, UAW, Kentucky, Plant, Expedition, Lincoln Navigator, Lincoln, Ohio Assembly Plant, Hill Assembly, Honda, Chevrolet Silverado, GMC Sierra, Fairfax Assembly Plant, GM, Detroit automakers, Toyota Tacoma Locations: Belvidere , Illinois, Toledo, Warren , Michigan, Sterling Heights , Michigan, Detroit, Dodge Durango, Rouge, Dearborn , Michigan, Louisville, Cleveland, Rock , Michigan, Hill, Hill Assembly Plant, Tennessee, Orion Township , Michigan, Fairfax, Kansas City , Kansas, Lansing , Michigan, Los Angeles

☆ China industry minister: industrial economy stabilises, NEV shines in Jan-Sept period
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Nov 4 (Reuters) - China's industry minister said the country's industrial economy stablised and recovered in the first three quarters of 2023 and the new energy sector, such as electric cars, shined. "In the fourth quarter, we are confident the industrial economy will keep the recovery momentum," said Jin Zhuanglong, China's Minister of Industry and Information Technology, in an interview with China state television CCTV. China's industrial output in September grew 4.5% from a year earlier, matching the pace in August, as policy support measures stabilised some parts of the world's second-largest economy. Overseas markets remain an important growth area, although an EU probe into China-made EVs may put a damper on exports. Reporting by Jason Xue and Ryan Woo; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Jin Zhuanglong, Jin, Jason Xue, Ryan Woo, Michael Perry Organizations: China's, Industry, Information Technology, Overseas, EU, Thomson Locations: SHANGHAI, China

☆ I drove BMW's $68,000 Tesla rival. Here are 4 pros and 2 cons before you buy.
▼ + stars: | 2023-11-04 | by ( Tim Levin | ) www.businessinsider.com time to read: +1 min

I drove the i4, BMW's new Tesla rival. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . For buyers desiring an EV that's a bit more conventional than what's on offer from the flashiest startups, there's the BMW i4. AdvertisementAdvertisement(For context, BMW lent me a $68,000 i4 eDrive40 with a generous list of optional features.

Persons: —, that's Organizations: Service, BMW i4, BMW

☆ Tesla and EVs in reverse: Why automakers are scaling back their green ambitions
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla and EVs in reverse: Why automakers are scaling back their green ambitionsElectric vehicles were supposed to be the wave of the future. Tesla and traditional automakers made big plans to invest in factories, battery manufacturing and the EVs themselves, but that's all slowing down. This week on TechCheck, we dive into what's behind the speed bumps.

Organizations: Tesla

☆ Ford buys EV charging startup in bid to help rescue its electric dreams
▼ + stars: | 2023-11-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Ford has bought an electric charging startup called AMP, TechCrunch reported. AdvertisementAdvertisementFord is buying an electric charging startup as it tries to reinvigorate its flagging EV push. The auto giant is purchasing Auto Motive Power (AMP), an electric charging startup that makes battery management software, as it seeks to overhaul its charging technology and reduce the cost of its electric vehicles. A Ford representative told TechCrunch that the deal aimed to accelerate its efforts to encourage EV adoption and improve its charging technology. Other car makers have taken a similarly cautious approach to electric vehicles in recent months, with several ditching ambitious targets amid slowing demand.

Persons: —, Ford, it's, Bill Ford, Harald Wilhelm, Elon, carmaker Organizations: Ford, TechCrunch, Service, Auto Motive, The New York Times, Benz, EV, GM, Subaru Locations: California, Kentucky

☆ Chinese EV upstart Nio plans to cut workforce by a tenth
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

The logo of NIO seen on an EL6 car model is pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. Nio has told staff the reduction exercise would be completed in November, it said in a statement to Reuters. "We still have a gap between our overall performance and expectations," it told staff in an email, adding that it needed to improve efficiency and ensure adequate resources. Apart from the layoffs, Nio said it would defer or cut long-term project investments that would not contribute to financial performance within three years. Reporting by Zhang Yan, Qiaoyi Li and Brenda Goh Editing by Tomasz Janowski and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Annegret, Nio, Li Auto, BYD, Tesla, Zhang Yan, Qiaoyi Li, Brenda Goh, Tomasz Janowski, Clarence Fernandez Organizations: REUTERS, Rights, HK, EVs, Reuters, U.S, China's EV, Thomson Locations: Berlin, Germany, Rights SHANGHAI, BEIJING, China, China's, Europe

☆ Volvo Cars' sales of fully electric vehicles jump in October
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, Nov 3 (Reuters) - Volvo Cars' (VOLCARb.ST) sales in October grew 10% from a year earlier to 59,861 cars as fully electric car sales jumped but hybrid models fell, the Sweden-based group said on Friday. Volvo Cars said in a statement sales of fully electric cars rose 29% to account for 18% of all its cars sold in the month. Sales of hybrid cars, however, fell 8%. In total, all recharge models were up 7% to account for 36% of total sales. Volvo Cars said on Friday that sales in the biggest market Europe were up 13% in October.

Persons: China's Geely, Yves Herman, Jim Rowan, BEV, EVs, Anna Ringstrom, Terje Solsvik, Jacqueline Wong Organizations: Volvo, China's, HK, REUTERS, Motors, Ford, Volkswagen, Thomson Locations: STOCKHOLM, Sweden, Brussels, Belgium, Europe, U.S, China

☆ Lucid cuts prices of electric sedans for limited time amid EV price wars
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

A Lucid Air electric vehicle is displayed in Scottsdale, Arizona, U.S., September 27, 2021. Lucid slashed the price of its Air Touring model to $87,500 from $95,000 and the more powerful Grand Touring by $10,000 to $115,600. Tesla has cut the prices of its Model S premium sedan, Lucid Air's closest competitor, to $74,990. Lucid had previously cut prices for its cars in August as the company burned through cash as it ramped up production in a tough economy. The price cut offer will be valid till Nov 30, the company said.

Persons: Hyunjoo Jin, Elon, Lucid, Tesla, Zaheer Kachwala, Tasim Zahid Organizations: REUTERS, Cox Automotive, Saudi Arabia's Public Investment Fund, Thomson Locations: Scottsdale , Arizona, U.S, Newark , California, Bengaluru

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