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[1/2] California Governor Gavin Newsom speaks at an event for the second year of the Roybal School of Film and Television Production Magnet at the Edward R. Roybal Learning Center in Los Angeles, California, U.S., October 13, 2023. "As two of the world’s largest economies, our partnership is essential to delivering climate action for our communities and beyond," Newsom said in a statement on Wednesday. Newsom has been building up a national profile as a voice for stringent climate action, most recently gaining applause at the United Nation's Climate Ambition Summit last month for a speech railing against oil companies' climate policy obstruction. China, the world's largest methane emitter, has yet to release details of its planned methane reduction strategy despite encouragement from Kerry's team to do so. The governor also plans to tour Tesla’s Shanghai Gigafactory, which produces the largest number of electric vehicles in the world.

Persons: Gavin Newsom, Edward R, Mario Anzuoni, Gavin Newsom's, Janet Yellen, Antony Blinken, John Kerry, Gina Raimondo, Newsom, Kerry, Valerie Volcovici, Deborah Kyvrikosaios Organizations: California, Roybal, of Film, Learning, REUTERS, Rights, United, Ambition, Shanghai, Thomson Locations: Los Angeles , California, U.S, California, China, Beijing, Hong Kong, Shanghai, Jiangsu

☆ Tesla's Cybertruck is almost here — but don't bet on it being affordable
▼ + stars: | 2023-10-19 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

In 2021, all that information vanished from Tesla's website, leaving future customers in the dark about their dream truck's eventual price. AdvertisementAdvertisementMusk tempers expectations about an affordable CybertruckOn Tesla's earnings call on Wednesday, Musk attempted to dispel any expectations of an accessible Cybertruck — at least initially. The more trucks Tesla can churn out of its Texas Gigafactory, the cheaper it can sell each one for. And Musk said he foresees "enormous challenges" in ramping up Cybertruck production, mainly because the unusual truck requires new manufacturing processes. Tesla's website says the Cybertruck will offer up to 500 miles of range and hit 60 mph in a brisk 2.9 seconds.

Persons: Tesla, it's, —, Elon, It's, Musk, Ed Kim, AutoPacific Organizations: Service, GMC Hummer Locations: Texas

☆ Tesla finally sets a date to release its long-awaited Cybertruck
▼ + stars: | 2023-10-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +1 min

Tesla's long-awaited, years-delayed Cybertruck finally has a delivery date. The first trucks will be delivered on November 30, Tesla said on Wednesday. Tesla revealed its quirky pickup truck in 2019 and planned to start selling it two years later. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementTesla will hold a Cybertruck delivery event on November 30 at its Texas Gigafactory, the company said on Wednesday.

Persons: Cybertruck, Tesla, —, Tesla hasn't Organizations: Service Locations: Texas

But the company on Wednesday stuck to its annual production target of 1.8 million vehicles, suggesting the discounts were driving demand. Some analysts said Tesla may need to cut prices further to achieve its annual delivery target amid a broader slowdown in electric vehicle demand. In the second quarter, Tesla had posted a gross margin of 18.2%. Wall Street had on average expected Tesla to post a margin of 18.02%, according to 21 analysts polled by Visible Alpha. According to LSEG data, an average of 17 analysts polled expected gross margin of 18.25%.

Persons: Matthew Childs, Tesla, Akash Sriram, Hyunjoo Jin, Abhirup Roy, Sayantani Ghosh, Sriraj Kaluvilla, Deepa Babington Organizations: REUTERS, Investors, Visible Alpha, Revenue, Thomson Locations: London, Britain, Texas, Bengaluru, Hyunjoo, San Francisco

☆ When do two beers cost $150? When they're sold by Elon Musk, of course.
▼ + stars: | 2023-10-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Tesla is selling a limited-edition set of two beers and two ceramic steins for $150. In March, Tesla launched a $30 GigaBier to celebrate the delayed opening of its Berlin factory. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementTesla has a new item in stock — a limited-edition set of beers for a mere $150. Back in March, Tesla launched a $30 GigaBier to celebrate the opening of its Berlin Gigafactory .

Persons: Tesla, —, Musk Organizations: Service Locations: Berlin

☆ When do 2 beers cost $150? When they're sold by Elon Musk, of course
▼ + stars: | 2023-10-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Persons: Tesla, —, Musk Organizations: Service Locations: Berlin

☆ Elon Musk has custody of son X despite mother Grimes' objections, court doc says
▼ + stars: | 2023-10-12 | by ( Jack Newsham | Grace Kay | ) www.businessinsider.com time to read: +4 min

She told a Texas court that son X "is only absent from California over [her] objection." Grimes, the musician who has three children with Elon Musk , told a Texas court last week that their eldest son X Æ A-XII Musk isn't with her in California "over [her] objection." The artist, whose real name is Claire Boucher, asked a Texas court on October 6 to throw out Musk's child-custody case. Their oldest child, three-year-old son X, is "only absent from California over [Boucher's] objection," according to the document, obtained by Insider. In his biography on Musk, Walter Isaacson wrote that with X Musk had a "free-range" parenting style that was far from "doting."

Persons: Grimes, Elon Musk's, X, —, Elon Musk, Claire Boucher, Musk, Tesla, Tesla's, Walter Isaacson, X Musk, Walter Isaacson’s, Isaacson, Recep Tayyip Erdoğan, We're, Grimes —, Shivon Zilis Organizations: Tesla, Service, Variety, SpaceX Locations: California, Texas, Hungary, Tesla's gigafactory, Turkey, New York

☆ Elon Musk and his kids with Grimes have strong ties to California, singer argues to get his Texas child custody case tossed
▼ + stars: | 2023-10-12 | by ( Jack Newsham | Grace Kay | ) www.businessinsider.com time to read: +5 min

Claire Boucher, better known as Grimes, asked a Texas judge to throw out Elon Musk's custody case. The musical artist Grimes has asked a Texas judge to throw out Elon Musk 's child-custody lawsuit filed last month, saying the case belongs in California, not Austin. In Musk's lawsuit , he claimed they lived together in Texas as recently as July 2023. He splits his time between six companies — with his private jets sometimes making multiple trips between Texas and California within a week. The lawsuit isn't the first sign of conflict between Musk and Grimes.

Persons: Claire Boucher, Grimes, Elon, —, Elon Musk, Tesla, Musk didn't, didn't, Chrisopher Melcher, Walzer Melcher, Melcher, Musk, Musk's, Walter Isaacson, Tesla's Austin gigafactory, Shivon Zilis Organizations: Service, SpaceX, Montessori, Twitter Locations: Texas, California, Austin, Los Angeles, Tesla's, San Francisco, Hawthorne , California, Boca Chica , Texas

☆ Tesla to offer German workers pay rise this year
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsBERLIN, Oct 12 (Reuters) - Tesla (TSLA.O) said on Thursday it will offer a pay rise to workers at its German plant, where unions have said they earn below the industry average. The U.S. electric vehicle maker said it will inform staff in November of the level of the pay rise, adding it raised wages by 6% last year. Under last year's agreement, workers at Volkswagen (VOWG_p.DE), Mercedes-Benz (MBGn.DE) and BMW (BMWG.DE) were offered a 5.2% pay rise in June 2023 and a 3.3% pay rise in 2024 as well as an inflation premium for full-time workers of 3,000 euros ($3,160). German union IG Metall has previously said that Tesla wages were around 20% below those offered under the collective bargaining agreement. IG Metall said Tesla told workers of the upcoming raise at a series of meetings held at the plant this week.

Persons: Annegret, Tesla, Metall, Victoria Waldersee, Alexander Smith Organizations: REUTERS, Rights, Volkswagen, Mercedes, Benz, BMW, Metall's, Reuters, Thomson Locations: Berlin, Brandenburg, Gruenheide, Germany, U.S

☆ Why Tesla isn’t unionized
▼ + stars: | 2023-10-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Tesla workers earn on average about $55 an hour in wages and benefits, compared to $66 to $71 an hour at Detroit’s Big Three, according to industry estimates. In an aerial view, brand new Tesla cars sit in a parking lot at the Tesla factory on October 19, 2022 in Fremont, California. Brendan McDermid/ReutersThe union, Tesla Workers United, filed an NLRB complaint alleging the company illegally fired its supporters. Tesla is one of the most valuable companies in the world, and some production workers have become millionaires from their shares in Tesla, Musk has said. A Tesla Model X is worked on a factory line with Tesla X's and Tesla S's at the Tesla factory on Wednesday, July 18, 2018 in Fremont, Calif. Lea Suzuki/The San Francisco Chronicle/Getty Images“Tesla tries to make it seem like if you’re unionized you’re not going to get stock,” said Bryan Schwartz, a lawyer who has represented Tesla employees in lawsuits against the company, including an ongoing class action lawsuit for racial discrimination.

Persons: New York CNN — Tesla, Tesla, ”, John Logan, Justin Sullivan, Elon Musk, ” Logan, “, Risa Lieberwitz, Lieberwitz, Brendan McDermid, ” Lieberwitz, Musk, “ Musk, Lea Suzuki, “ Tesla, you’re, Bryan Schwartz, Mike Miller, Miller, Shawn Fain, Alain Jocard, Paul Sancya, Elon, ” Fain Organizations: New, New York CNN, United Auto Workers, Ford, General Motors, Tesla, UAW, EV, UAW doesn’t, San Francisco State University, Getty, Workers, Cornell University School of Industrial and Labor Relations, National Labor Relations Board, Companies, Employers, National Labor Relations Act, “, NLRB, Tesla Inc, Panasonic, Tesla Workers United, SpaceX, San Francisco Chronicle, “ Workers, AP, Detroit automakers, CBS Locations: New York, United States, Detroit, Fremont , California, America, unionize, Austin , Texas, Sparks , Nevada, Buffalo , New York, Buffalo, U.S, Tesla, Fremont , Calif, AFP

☆ Tesla rejects union claims, reports of health and safety issues at German plant
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

Companies Tesla Inc FollowBERLIN, Oct 10 (Reuters) - Tesla (TSLA.O) on Tuesday rejected claims by a German union and recent media reports that health and safety provisions at its gigafactory near Berlin were inadequate, stating that protecting workers' health was a top priority. On Monday, German union IG Metall said its membership numbers from Tesla workers were rising steeply amid concerns over health and safety as well as overwork. In a written statement, Tesla said workers received training on necessary safety measures, as well as protective clothing. The plant was subject to regular checks by local authorities that safety measures were being respected, it added. The company did not address the specific claims of the union or media reports regarding the number of accidents or workers off sick at the plant.

Persons: Metall, Tesla, Victoria Waldersee, Christina Amann, Aurora Ellis Organizations: Tesla, Reuters, Thomson Locations: Berlin, U.S, Brandenburg

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. The agency on Thursday asked a federal court to force Musk to testify for its investigation into his $44 billion takeover of social media giant Twitter, the third time the SEC has taken Musk to court. "This case is different from past forays between the SEC and Elon Musk because it's a subpoena enforcement case. Musk also refused SEC proposals to testify in Texas, where he lives, in October or November, the SEC said. In 2022, a judge ordered Terraform Labs' founder to comply with an SEC subpoena for documents.

Persons: Elon Musk, Patrick Pleul, Musk, Musk's, Stephen Crimmins, Davis Wright Tremaine, Alex Spiro, Howard Fischer, Moses, Moses & Singer, Jay, Spiro, Tesla, Robert Frenchman, Mukasey Frenchman, Chris Prentice, Michelle Price, Lisa Shumaker Organizations: WASHINGTON, U.S . Securities, Exchange Commission, SEC, Twitter, Elon, Moses &, Terraform Labs, Reuters, Thomson Locations: Gruenheide, Germany, videoconference, San Francisco, Texas

☆ Tesla Cybertruck prototypes appear to have fit and finish issues — but an expert says not to worry
▼ + stars: | 2023-10-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Some people have called out potential fit and finish issues with a Tesla Cybertruck prototype. Auto expert Sandy Munro said it's misleading to judge a vehicle's fit and finish off a prototype. AdvertisementAdvertisementProspective Tesla Cybertruck buyers shouldn't worry about some of the panel gaps and smears that have showed up in recent sightings of the electric pickup, auto expert Sandy Munro says. "That vehicle has probably gone through some fairly rigorous testing," Munro said, referencing Tapley's video. "The thing about stainless steel is it hangs around a while," he said.

Persons: Sandy Munro, —, Munro, Elon Musk, Frederic J . BROWN, Tesla, Electrek, — Munro, Musk, Dave Tapley, they'd, Insider's Tim Levin, Nora Naughton Organizations: Auto, Service, Getty, YouTube, Ford Locations: AFP, Northern California, California, Texas

☆ Volkswagen, Umicore venture picks Poland for first car battery parts plant
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

Volkswagen vehicle is parked during a news conference to announce details on the construction of a gigafactory for electric vehicle battery production by Volkswagen Group's battery company PowerCo SE in St. Thomas, Ontario, Canada April 21, 2023. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsBERLIN, Oct 7 (Reuters) - The auto battery parts joint venture between Volkswagen's (VOWG_p.DE) PowerCo and Belgian materials firm Umicore (UMI.BR) has chosen Poland as the site for its first factory, PowerCo said on Saturday. Ionway wants to build up its annual production capacity by the end of the decade to around 160 gigawatt hours (GWh) per year - enough for 2.2 million electric vehicles. Ionway is intended to supply PowerCo's European battery cell factories with key battery materials and to cover a large portion of PowerCo's needs in the European Union. In return, Umicore receives secured access to an important part of Europe's demand for cathode materials for electric vehicles.

Persons: Carlos Osorio, PowerCo, Ionway, Umicore, Sabine Wollrab, Sarah Marsh, David Holmes 私 Organizations: Volkswagen, Volkswagen Group's, REUTERS, Rights, VW, European Union Locations: St, Thomas , Ontario, Canada, Volkswagen's, Poland, Nysa, Ontario

☆ Tesla signs lease to open vast sales and service centre in Shanghai industrial park
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +1 min

A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI, Oct 7 (Reuters) - Tesla (TSLA.O) has signed a leasing contract with Shanghai Waigaoqiao Free Trade Zone Group (600648.SS) to open a massive sales and service centre in an industrial park in the city, its biggest one in China, the government-owned company said. The company, the world's biggest electric car manufacturer, has nearly 300 stores across China. Reuters reported last year that it was considering closing some showrooms in flashy malls in cities like Beijing. Reporting by Zhang Yan and Brenda Goh; editing by Clelia OzielOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla, Aly, Elon Musk's, Zhang Yan, Brenda Goh, Clelia Organizations: Tesla Shanghai, REUTERS, Rights, Shanghai Waigaoqiao, Trade Zone Group, Reuters, Thomson Locations: Shanghai, China, Xin Park, Shanghai's Pudong, Beijing

☆ Tesla factory permits almost ready in Mexico, as state launches infrastructure work
▼ + stars: | 2023-10-05 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +3 min

REUTERS/Daniel Becerril/File Photo Acquire Licensing RightsMEXICO CITY, Oct 5 (Reuters) - Final permits for Tesla to build an electric-vehicle (EV) factory in the northern Mexican state of Nuevo Leon could be ready in weeks and the local government is beginning infrastructure work requested by the company, a senior official said on Thursday. Tesla (TSLA.O) in March announced plans to open a major plant in Nuevo Leon, its first in Mexico, which has also attracted EV investments from other automakers seeking to meet ambitious production targets. "We are very appreciative of their efforts to enable the permits and sustainable infrastructure necessary," he said. The so-called "Gigafactory" is set to bring in an estimated $15 billion over the next two years through Tesla and its suppliers, Nuevo Leon Governor Samuel Garcia said last month. The state has called for more investment in health, education, roads and basic services to accommodate the expected growth.

Persons: Tesla, Daniel Becerril, Ivan Rivas, Elon Musk, I'm, " Rivas, Rivas, Nuevo Leon, Rohan Patel, Tesla's, Samuel Garcia, Daina Beth Solomon, Kylie Madry, Rod Nickel Organizations: REUTERS, MEXICO CITY, Tesla, Nuevo Leon's, Reforma, Nuevo, Twitter, Reuters, Nuevo Leon, Thomson Locations: Monterrey, Saltillo, Santa Catarina, Mexico, MEXICO, Mexican, Nuevo Leon, Nuevo

☆ Veterans from Tesla, Northvolt hatch plan to mass-produce huge batteries to store solar and wind energy
▼ + stars: | 2023-10-04 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

The mountains of Colorado in the background inspired the name of the company, Peak Energy. We're completely the opposite," Cameron Dales, president and chief commercial officer of Peak Energy, told CNBC in a video interview Friday. 1 issue we face as it relates to expanding renewable energy sources is storage," Reichow told CNBC. "We're running a playbook which I and the rest of the executive team initially demonstrated and deployed at Northvolt," Mossburg told CNBC. "Landon and I worked together at Tesla and I know what he's capable of delivering," Reichow told CNBC.

Persons: Cameron Dales, Landon Mossburg, We're, Greg Reichow, Reichow, Ryan Gibson, Aidan Madigan, Curtis, Cameron, Mossburg, Northvolt, Peter Carlsson, Rho Kana, Enovix, Anil Achyuta, Landon, Tesla, Cam, It's, Alun Thomas, Dales Organizations: Peak Energy, Energy Battery, Energy, CNBC, Eclipse, Tesla, TDK Ventures, United States Energy Information Administration, Eclipse Venture, Cameron Dales, US, Dales, Symyx Technologies, Northvolt, Ford, Manufacturing Engineering, Panasonic Locations: Colorado, Silicon, Tokyo, San Francisco, Northvolt, Sweden, Cameron Dales, Fremont , Calif, Fremont , California, Penang, Malaysia, China, United States, U.S, Nevada, Enovix

☆ Elon Musk wades into US immigration debate at Texas-Mexico border
▼ + stars: | 2023-09-29 | by ( Brian Snyder | ) www.reuters.com time to read: +3 min

REUTERS/Daniel Becerril Acquire Licensing RightsEAGLE PASS, Texas, Sept 28 (Reuters) - Billionaire Elon Musk waded into the U.S. immigration debate on Thursday, paying a visit to the Texas border with Mexico to meet with local politicians and law enforcement and obtain what he called an "unfiltered" view of the situation. The sharp increase, notably around San Diego, California, and the Texas border towns of El Paso and Eagle Pass, follows an earlier lull in unauthorized border crossings following a new asylum policy imposed by Democratic President Joe Biden's administration to discourage such activity. Musk, a native of South Africa, noted his own status as an "immigrant to the United States" and called himself "extremely pro-immigrant." In the 4-minute video clip, he introduced U.S. Representative Tony Gonzales, a Republican from Texas whose district spans more than 800 miles of the border, who welcomed Musk and said people along the Texas border "really feel abandoned." Reporting by Brian Synder in Eagle Pass, Texas; Writing and additional reporting by Steve Gorman in Los Angeles; Editing by Scott Malone and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Elon Musk, Daniel Becerril, Billionaire Elon, Musk's, Joe Biden's, Musk, Florida Governor Ron DeSantis's, Benjamin Netanyahu, Tony Gonzales, Brian Synder, Steve Gorman, Scott Malone, Michael Perry Organizations: Elon, SpaceX, Tesla, REUTERS, PASS, Billionaire, Democratic, Texas National Guard, Florida Governor, Republican, Twitter, Russia, Space X, Texas Gulf, Thomson Locations: Rio, Eagle, , Texas, U.S, Piedras Negras, Mexico, Texas, Texas , Arizona, California, United States, San Diego , California, El Paso, Rio Grande, South Africa, Gigafactory Texas, Austin, Texas Gulf Coast, Boca Chica, Brownsville, Eagle Pass , Texas, Los Angeles

Migration has become a hot topic of debate in Germany ahead of elections on Oct. 8 in the states of Bavaria and Hesse, and in Europe at large ahead of European parliamentary elections next year. The post shared by Musk came from an account identified as Radio Genoa. It criticized the German state for funding charities rescuing migrants in the Mediterranean and included videos of rescue missions. Germany's centre-left government confirmed this week that it was financially supporting three German non-governmental organizations that operate in the Mediterranean and regularly bring migrants to Italy. In Texas, Tesla operates a plant in Austin and Space X operates a major testing and launch facility on the Texas Gulf Coast in Boca Chica near Brownsville.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Billionaire Elon, Musk, Tesla's Gigafactory, Tesla, Sarah Marsh, Andreas Rinke, Leslie Adler Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Rights, Billionaire, Radio Genoa, Forbes, Space X, Texas Gulf, Thomson Locations: Paris, France, Germany, Bavaria, Hesse, Europe, Texas, Mexico, Italy, Tesla's Gigafactory Berlin, Brandenburg, Austin, Texas Gulf Coast, Boca Chica, Brownsville, U.S

☆ Biden's IRA plan pushes battery-maker Northvolt to plan new factory in Canada
▼ + stars: | 2023-09-29 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

The U.S. Inflation Reduction Act has driven Swedish battery maker Northvolt to announce for a factory in Canada earlier than originally expected, in a concrete example of how Biden's policy is influencing business decisions. "It definitely played a role to accelerate our decision to expand into North America," Paolo Cerutti, co-founder of Northvolt told CNBC. Northvolt announced Thursday it will establish a fully integrated lithium-ion battery gigafactory in the Canadian province of Quebec — its first factory outside Europe. The $300 billion U.S. Inflation Reduction Act, often referred to as IRA, is a landmark climate and tax deal that includes green subsidies for businesses. Canada has also offered the Swedish battery maker its own support in the form of loans.

Persons: Northvolt, Paolo Cerutti Organizations: CNBC Locations: Swedish, Canada, North America, Canadian, Quebec, Europe

The first phase of the construction of the Northvolt Six factory just outside Montreal will begin this year and it is expected to be operational in 2026. Northvolt will invest $3.2 billion of the total with the local and federal government each contributing $1 billion, Northvolt Co-Founder Paolo Cerruti told Reuters. "We looked at 70 different sites at the beginning of this process," Cerruti said. The $369-billion U.S. Inflation Reduction Act (IRA) passed last year has prompted companies including Northvolt to look across the Atlantic, attracted by hefty subsidies and cheaper energy. "This size of investment and project can not happen if you don't have an anchor customer," he said.

Persons: Northvolt, Paolo Cerruti, Cerruti, Supantha Mukherjee, Divya Rajagopal, Kirsten Donovan Organizations: Reuters, Northvolt, Canada, Ontario, BMW, RIC, Volvo, Thomson Locations: STOCKHOLM, TORONTO, Swedish, Quebec, Canadian, Montreal, Northvolt North America, United States, Canada, Scania, North America, Stockholm, Toronto

“For every new EV battery gigafactory that is built, we will need to build a new battery recycling facility to process manufacturing scrap and end-of-life batteries.”The recycling facility will disassemble and shred about 24,000 metric tons of used EV batteries and gigafactory scrap per year — or approximately 56,000 EV batteries yearly, the company said. Ascend Elements also has a battery recycling facility in Covington, Georgia, and a battery laboratory in Novi, Michigan. The recycling facility in Hopkinsville will deepen Kentucky's connections to the emerging EV sector. “We've become the EV battery capital of the United States of America and the jobs keep pouring in,” Kentucky Gov. In the U.S., electric vehicle sales continued to rise during the first half of the year to more than 557,000 vehicles, or 7.2% of all new vehicle sales.

Persons: Mike O’Kronley, ” O’Kronley, We've, Andy Beshear Organizations: South, SK ecoplant, TES, EV, Apex, U.S . Department of Energy, ”, Ford, SK Innovation, Industry Locations: Kentucky, Hopkinsville, South Korea, Louisville , Kentucky, United States, Massachusetts, Covington , Georgia, Novi , Michigan, America, ” Kentucky, Glendale, U.S

☆ Shanghai, Beijing capital controls relaxed as China entices badly needed foreign investment
▼ + stars: | 2023-09-22 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Shanghai’s free trade zone is one of China’s largest and is slightly bigger than the city of Seattle. The policies are aimed at attracting foreign investment to build an open economy, the government said. Thursday’s measures are the latest effort by Chinese leader Xi Jinping’s government to woo foreign capital and stabilize ties with the West. China has made a series of moves recently to stabilize foreign trade and investment, including cutting a tax on stock trading for the first time since 2008. The latest relaxation in capital controls is part of a policy package announced by Beijing and Shanghai, the country’s two biggest cities, to facilitate foreign trade and investment.

Persons: Tesla’s Gigafactory, Stringer, Xi Jinping’s, JP Morgan, Tesla Organizations: Hong Kong CNN, HP, AstraZeneca, Getty, State Administration of Foreign Exchange, American Chamber of Commerce, People’s Bank of, HSBC Locations: China, Hong Kong, Shanghai, Beijing, Seattle, BlackRock, AFP, People’s Bank of China, Macao, Taiwan

☆ The UK is delaying the switch to electric cars. Automakers are furious
▼ + stars: | 2023-09-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

A relaxation of 2030 would undermine all three,” Ford (F) UK chair Lisa Brankin said in a statement. “We and the whole automotive industry [need] clarity on the [EV] topic,” the German carmaker said in a statement shared with CNN. ‘Confusion’ will delay switch to EVsThe UK auto industry has been clawing its way back from rock bottom after car manufacturing hit a 66-year low in 2022. Reducing emissions from road transport “is the only way that you will achieve net zero,” Hawes told the BBC. The government’s own independent adviser on climate policy, the Climate Change Committee shares that view.

Persons: carmakers, Rishi Sunak, Sunak, “, ”, Sunak’s, ” Ford, Lisa Brankin, Brankin, carmaker, Mike Hawes, ” Hawes, Jobs, Sadiq Khan, ” Sunak, “ We’re, Alok Sharma, Simon Clarke, EVs, — Gemma Blundell, Doyle, Anna Cooban, Laura Paddison, Rob Picheta Organizations: London CNN, BMW, Oxford, Swindon, CNN, Fiat, Peugeot, Fiat Chrysler, France’s, India’s Tata Group, Society of Motor Manufacturers, Traders, BBC, Conservative Party, Labour Party’s London, Conservative Locations: Germany, France, Spain, Italy, Canada, Sweden, Ellesmere Port, Liverpool, Britain, London, Glasgow

☆ Tesla courts interest from Turkey to India for next gigafactory
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +1 min

The Tesla factory is seen in Fremont, California, U.S. June 22, 2018. Hours later, the Wall Street Journal reported that Saudi Arabia was in early talks with Tesla to set up factories in the Kingdom. Musk said in May that Tesla would probably pick a location for a new factory by the end of 2023. Turkey: Turkey's communications directorate cited Musk as saying that the country was among the most important candidates for its next factory. India: Tesla has expressed interest in building a factory in the country, to produce low-cost electric vehicles (EVs) for the local market and for export.

Persons: Stephen Lam, Elon Musk, Tayyip Erdogan, Musk, Tesla, Jaspreet Singh, Arsheeya, Devika Organizations: REUTERS, Monday, Wall Street Journal, Democratic, Thomson Locations: Fremont , California, U.S, Saudi Arabia, Kingdom, Saudi, Democratic Republic of Congo, Turkey, India, Mexico, Mexico's, Nuevo Leon, Bengaluru

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