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☆ France wants Elon Musk to build Tesla factory in the country even as it threatens Twitter with a ban
▼ + stars: | 2023-06-14 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

SpaceX, Twitter and electric car maker Tesla CEO Elon Musk with France's President Emmanuel Macron (L) at the Elysee presidential palace in Paris on May 15, 2023. France has been looking to woo Musk and Tesla to set up a factory in the country. PARIS — France is trying to convince Elon Musk to build Tesla's next Gigafactory in the country, the nation's digital minister told CNBC on Wednesday, in the most explicit comments yet that Paris wants the billionaire's investment. France has been looking to boost its position as a hub for the electric car industry, opening its first electric car battery factory this year. Barrot praised Musk as a "great inventor, probably one of the greatest of the beginning of this century."

Persons: Elon Musk, Emmanuel Macron, Tesla, Jean, Noel Barrot, CNBC's Charlotte Reed, Barrot, Musk Organizations: SpaceX, Twitter, PARIS —, CNBC, Union, Viva Tech Locations: Paris, France, PARIS, PARIS — France, Europe, U.S, Germany, China

☆ Tesla on track to match its longest winning streak on heels of GM charging deal
▼ + stars: | 2023-06-09 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Elon Musk last visited China in 2020 for the delivery ceremony of the Model 3. Tesla's stock is on track to match its longest winning streak of 11 straight days in the green, should it end the day positive on Friday. The streak follows Tesla's Thursday announcement that General Motors would join Ford in using its electric vehicle charging network to charge their cars. The deals are considered a major win for Tesla because it could pressure other automakers and the U.S. government to adopt Tesla's charging technology. WATCH: Elon Musk checkmates automakers: Did Tesla corner the market on EV charging stations?

Persons: Elon Musk, Elon Organizations: Motors, Ford, Tesla, U.S, CNBC, YouTube, EV Locations: China, Shanghai

☆ 10 Things in Tech: A French Gigafactory, Google's WFH crackdown, and Tesla's bioweapon defense mode
▼ + stars: | 2023-06-09 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Speculation is rife ahead of Elon Musk's trip to Paris, where he's due to attend the VivaTech conference next week. The video platform is aiming to challenge the tech giant by quadrupling its ecommerce business, according to a Bloomberg report. Musk has repeatedly criticized OpenAI's relationship with tech giant Microsoft. The tech giant is planning to include attendance figures in performance reviews, according to an internal email sent on Wednesday, which was seen by Insider. Tesla drivers are using the car's bioweapon defense mode to escape wildfire smoke.

Persons: Nathan Rennolds, let's, Clive Mason, Tesla, Elon, Marc Benioff, Dan Schulman, Bernard Arnault, Maurice Lévy, Sam Altman, Elizabeth Frantz, Morgan Stanley, TikTok, Musk, Altman, Tesla's, Ted Lasso, Keeley, Lionel Messi, Getty, Simon Bruty, he's, Messi, Brandon Baum, Instagram, Hallam Bullock Organizations: Google, Getty, Twitter, Reuters, Big Tech, Amazon, Bloomberg, Elon, Microsoft, Economic, Juno, Messi, Inter Miami —, YouTube Locations: London, WFH, France, Paris, Southeast Asia, Miami

☆ With talk of a Tesla Gigafactory coming to France, Elon Musk heads to the country's biggest tech event
▼ + stars: | 2023-06-08 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

The tech billionaire has said Tesla is hoping to make a major investment in the country. Next week, Musk has a chance to tackle both. Musk getting on stage with the chairman of Publicis at Vivatech should help Twitter's cause here, unless the tech billionaire says the wrong thing. After that gathering, Musk said Tesla was looking to make a significant investment in the country. By the way, Insider advertising reporter Lara O'Reilly will be at Vivatech too next week.

Persons: Elon Musk, Tesla, Elon, Musk, He's, Maurice Lévy, Linda Yaccarino, WPP's GroupM, Emmanuel Macron, Lara O'Reilly Organizations: Tesla, Twitter, The New York Times, Times, Renault, Peugeot Locations: Paris, Vivatech, France, Germany

☆ Carmaker Toyota to invest $328 mln in Mexico hybrid pickup plant
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, June 8 (Reuters) - Japanese carmaker Toyota (7203.T) will invest a further $328 million in a plant in the central Mexican state of Guanajuato, it said on Thursday, as it looks to adapt its production processes for a new hybrid model of its Tacoma pickup truck. "The new version of the 'Mexican pickup' will be hybrid electric, which means Guanajuato will now form part of the company's electrification production strategy," Toyota said in a statement. The funds are set to help adapt manufacturing for the new Tacoma model for a North American market, it added. Toyota has invested close to $1.2 billion in Guanajuato since it announced the plant, it added, saying the factory currently provides more than 2,500 jobs. Reporting by Sarah Morland and Kylie Madry; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Diego Sinhue, Tesla, Sarah Morland, Kylie Madry, Brendan O'Boyle Organizations: MEXICO CITY, Toyota, Tacoma, Thomson Locations: MEXICO, Mexican, Guanajuato, American, Japan, Mexico, United States, Nuevo Leon

☆ Elon Musk discussed a possible Mongolia expansion with the country's prime minister
▼ + stars: | 2023-06-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Mongolia's prime minister Luvsannamsrai Oyun-Erdene and Tesla CEO Elon Musk on Monday discussed possible expansion and investments into the Asian country over a virtual meeting. A statement from the cabinet secretariat of Mongolia's government added that the country's prime minister emphasized his support for the use of electric cars and urged Mongolian citizens to use such vehicles. Musk and Oyun-Erdene also spoke about bringing Starlink — a satellite communications terminals and services provider operated by the Musk-founded SpaceX — to Mongolia. Starlink was registered as a company in Mongolia in 2022 and is expected to launch regionally this year. The Tesla CEO complimented China's technological advances and visited the Tesla gigafactory in Shanghai.

Persons: Mongolia's, Luvsannamsrai, Elon Musk, Erdene, Starlink, Ding Xuexiang Organizations: Tesla, SpaceX, U.S Locations: Mongolia, Mongolian, Mongolian Government, China, Beijing, Shanghai

"We'll make your life easier and help you set up shop here," he told ProLogium's Chief Executive Vincent Yang. It is one of four such gigafactories Macron hopes will transform the poor, former coal mining area near Belgium into a hub for the EV battery industry, creating jobs and helping to put France at the forefront of Europe's energy transition. "Results don't just fall from the sky," Macron told Reuters in Dunkirk. At the moment, however, France lags well behind Germany when it comes to attracting battery makers. Still, the IRA almost threw ProLogium's investment in France off course, one French presidential adviser told Reuters.

Persons: Emmanuel Macron, Vincent Yang, Ludovic Marin, Taiwan's ProLogium, Macron, Yang, ProLogium, we've, it's, ACC's, Heiner Heimes, Stellantis, Mercedes, Ola Kaellenius, Marc Mortureux, We're, GUY, Xavier Bertrand, ProLogium's Yang, Fabien Roussel, Leigh Thomas, Michel Rose, Silvia Aloisi, David Clarke Organizations: Business, EV, Macron, ACC, Mercedes, Reuters, RWTH Aachen University, Automotive Cells Company, Franco, Benz Group, EU, PFA French, U.S . IRA, French Communist Party, Thomson Locations: of Versailles, Paris, France, Versailles, Dunkirk, Germany, Netherlands, Taiwan, Belgium, EUROPE, Korean, United States, Europe, French, Hungary, Italy, Brussels, Washington

☆ Panasonic to boost battery output at Tesla's Nevada Gigafactory - Nikkei
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

The company's unit, Panasonic Energy, will install a 15th production line at Gigafactory Nevada, the report said. The report comes after Panasonic said last month it plans to build at least two new factories for the production of Tesla 4680 battery cells in North America by 2030. At the time, Panasonic had not disclosed where in North America it would add the production capacity. Tesla recently told Panasonic it would "buy as much as can make", according to an executive at the Japanese manufacturer, the report added. Panasonic is running a pilot 4680 production line at its Wakayama factory in Japan, while Tesla is already producing the 4680 battery cells, which Musk has touted as being key to making cheaper and compelling electric cars.

Persons: Tesla, Musk, Samrhitha, Pooja Desai Organizations: Japan's Panasonic Holdings Corp, Tesla Inc, Nikkei, Panasonic Energy, Panasonic, Tesla, Thomson Locations: Nevada, Gigafactory Nevada, North America, Wakayama, Japan, Bengaluru

☆ Panasonic to boost battery output at Tesla's Nevada Gigafactory by 10%
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

The comments followed a Nikkei Asia report on Monday that said unit Panasonic Energy would install a 15th production line at Gigafactory Nevada. Panasonic Energy announced the plan to increase the Nevada factory's production capacity by 10% by March 2026 at a business strategy meeting last week, a Panasonic Group spokesperson said, declining to comment further. Panasonic said last month it planned to build at least two new factories for the production of Tesla 4680 battery cells in North America by 2030. At the time, Panasonic had not disclosed where in North America it would add the production capacity. Tesla recently told Panasonic it would "buy as much as (Panasonic) can make", according to an executive at the Japanese manufacturer, the Nikkei report said.

Persons: Tesla, Musk, Samrhitha, Daniel Leussink, Pooja Desai, Jamie Freed Organizations: Panasonic Holdings, Tesla, Nikkei, Panasonic Energy, Panasonic, Thomson Locations: Nevada, Nikkei Asia, Gigafactory Nevada, North America, Wakayama, Japan, Bengaluru, Tokyo

☆ 10 Things in Tech: Apple's big metaverse push
▼ + stars: | 2023-06-05 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

This week, Apple is preparing to do what no tech firm has managed yet: make the metaverse cool. Apple is ready to enter its metaverse era, but the rest of the world might not be. Some people think it's unwise to ramp up efforts to push into the metaverse — especially at a time when the metaverse is said to be headed to the industry's graveyard of failed ideas. However, it's also unwise to bet against Apple — a company whose epic feats in tech have earned its leaders cult-like status. It's quick, stylish, and high-tech, Insider's Tim Levin writes, but it falls short in range and cargo space.

Persons: Hallam Bullock, Tim Cook, Stephen Lam, Insider's Hasan Chowdhury, Apple, it's, Patrick O'Neill, Elizabeth Holmes, Lisa Lake, Theranos, Holmes, Read, Elon, Spriha Srivastava, Gray, Kia, Tim Levin, Kia's, Jack Sommers Organizations: Apple, Developers, Bloomberg, Apple —, Starco Brands, Forbes, Getty, Nvidia, Google, Challenger, Wireless, Amazon Prime Locations: London, Theranos, China, Shanghai

☆ Elon Musk says his Shanghai factory makes the ‘highest quality’ Teslas
▼ + stars: | 2023-06-02 | by ( Laura He | ) edition.cnn.com time to read: +4 min

It was the first time Musk has visited the country since January 2020, when a video of him dancing onstage at Tesla’s Shanghai factory went viral. Before leaving, Musk met Chen Jining, the Communist Party chief of Shanghai, according to a statement by the city government. Musk praised the success of Tesla’s Shanghai facility — which opened in 2019 — and said he was hoping to work more with the city in various areas, the statement said. In 2022, the company delivered 1.31 million vehicles globally, more than half of which were from Shanghai, according to its financial results. “Congratulations to Giga Shanghai & Tesla China SDS teams for their excellent work overcoming many obstacles over many years!!

Persons: Hong Kong CNN —, Elon Musk, Musk, Chen Jining, Chen, Tesla, —, Variflight, ”, “, ” Musk, “ It’s, ” “, Elon, Jade Gao, Qin Gang, didn’t, Zeng Yuqun Organizations: Hong Kong CNN, Communist Party, Beijing Capital International Airport, Getty, Financial Times, Twitter, Giga Shanghai, Tesla China SDS, EV, CNN Locations: Hong Kong, China, Shanghai, Shanghai’s Hongqiao, Beijing, AFP, United States, Weibo

☆ Elon Musk wrapped up his first visit to China in years. Here's what the Tesla CEO was up to
▼ + stars: | 2023-06-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

His first visit in 3 years saw the Tesla CEO meet with top government officials and speak to staff at the Shanghai Gigafactory. Tesla opposes "decoupling" and is willing to continue to expand its business in China, the statement said. On Wednesday, Musk met with Jin Zhuanglong, China's minister of industry and information technology. On Thursday, Musk met with Chen Jining, the Shanghai party secretary. Musk visits the Shanghai Gigafactory

Persons: Elon Musk, Ding Ting, Musk, Qin Gang, Qin, Tesla, Jin Zhuanglong, Chen Jining, Tesla's, Chen, Ding Xuexiang, Ding, Xi Jinping, Xi, Zeng Yuqun, Zeng, CATL Organizations: Xinhua News Agency, Getty, Musk, Reuters, EV, CATL, CNBC, Bloomberg, Shanghai Locations: China, Shanghai, U.S

☆ Elon Musk told Chinese Tesla workers in a late night speech that their hard work 'warms my heart' — 6 weeks after some complained about bonus cuts
▼ + stars: | 2023-06-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

He told them their hard work "warms my heart" and is "very important" for the world. In a late night speech, Elon Musk told Tesla workers at the Shanghai Gigafactory that their hard work "warms my heart." "I just want to let you know, it warms my heart," Musk said, tapping his chest before a fist pump. Tesla workers then criticized Musk on Chinese social media, and some people even complained to his mom on Twitter. Musk told CNBC he sleeps around six hours a night, and according to Jimmy Soni's book "The Founders," Musk was "perpetually sleep-deprived" at his first startup, Zip2.

Persons: Elon Musk, It's, Musk, Shanghai Gigafactory, he's, Tesla, He's, Jimmy Soni's Organizations: Tesla's Shanghai Gigafactory, Shanghai, Global Times, Reuters, Twitter, San Francisco, CNBC, Bloomberg Locations: China, San José del Cabo, Mexico, Shanghai

☆ Musk's China visit ends with burgers for 100 Shanghai Tesla workers — and favor from Beijing as state-affiliated media showcases trip on Twitter
▼ + stars: | 2023-06-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Elon Musk's surprise trip to China ended with burgers and soft drinks for Tesla staff in Shanghai. His trip was showcased on Twitter by Chinese state media. Elon Musk completed his whistle-stop tour of China by treating workers at Tesla's Shanghai plant to burgers and soft drinks, with his visit being showcased on Twitter by China's state-affiliated media. A video published online by Tesla's China team, seen by Insider, showed Musk delivering a speech to a crowd of workers at his Shanghai plant. Elon Musk visited workers at Tesla's Shanghai gigafactory after first China trip in three years.

Persons: Elon Musk's, Elon Musk, Tesla's, China Grace Tao, Grace Tao, Weibo Musk, Jack Ma, Zeng Yuqun, Tesla, Musk Organizations: Twitter, Bloomberg, Tesla's, Global Times, Communist Party's, Shanghai gigafactory Locations: China, Shanghai, Tesla's China, Beijing

☆ Factbox: Companies invest in EV battery factories in Europe
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +6 min

Below are recent investments announced by companies:GERMANYSweden's Northvolt said on May 13 it will invest 3-5 billion euros ($3.3-5.5 billion) in an EV battery plant in Heide in the northern state of Schleswig-Holstein as long as subsidies are approved. Volkswagen (VOWG_p.DE) plans to build six battery factories in Europe totalling 240 gigawatt (GWh) of capacity by 2030. Production at its first battery plant, "SalzGiga", in Salzgitter in the Lower Saxony region will start in 2025. Slovakian battery manufacturer InoBat said last October it had signed a declaration of intent with the Spanish government to set up an EV battery factory in central Spain's city Valladolid, expected to cost 3 billion euros. POLANDLG Chem EV battery in Wroclaw started production in the second half of 2017, with a capacity of 100,000 batteries per year.

Persons: Helena Soderpalm, GERMANY Sweden's Northvolt, China's CATL, Germany's, Mercedes Benz, Elon Musk, Berclau, Taiwan's ProLogium, Jean, Luc Monfort, Mata, BASQUEVOLT, InoBat, China's BYD, AEHRA, Poland's, Alessandro Parodi, Tiago Brandao, Matteo Allievi, Barbara Lewis, Milla Nissi Organizations: REUTERS, Volkswagen, EV, Germany's BASF, Automotive Cells Company, ACC, Stellantis, Tesla, FRANCE Joint, France, Renault, Basque Country, Spanish, India's Tata Group, ITALY Joint, POLAND LG, European Commission, SWEDEN Northvolt's Skelleftea, Thomson Locations: Vasteras, Sweden, Europe, Asia, United States, GERMANY, Heide, Schleswig, Holstein, Salzgitter, Lower Saxony, China, Erfurt, Thuringia, Schwarzheide, Brandenburg ., Ludwigsfelde, Berlin, Kaiserslautern, Rhineland, Palatinate, Gigafactory, FRANCE, Billy, France, Dunkirk, Douai, Ruitz, Ergué, Quimper, Montreal, SPAIN Spain, Europe's, Germany, Navalmoral de, Extremadura, Sagunto, Valencia, Spain, Basque, Slovakian, Spain's, Valladolid, Britain, ITALY, Termoli, POLAND, Wroclaw, HUNGARY

HONG KONG, May 31 (Reuters Breakingviews) - Elon Musk may be China’s most popular American. State media quoted Musk saying the United States and China share “inseparable” interests and that Tesla opposes decoupling. This all provides the $638 billion Tesla with good political cover in the world’s largest automobile market. But for now Beijing and Musk are getting what they want out of the arrangement, and that means it is likely to endure. Reuters GraphicsFollow @petesweeneypro and @KatrinaHamlin on TwitterCONTEXT NEWSTesla Chief Executive Elon Musk visited China on May 30 for the first time since 2020.

Persons: Elon, Qin Gang, Musk, Xi Jinping, Elon Musk, Apple's Tim Cook, JPMorgan's Jamie Dimon, Laxman Narasimhan, Robyn Mak, Thomas Shum Organizations: Reuters, Foreign, Chinese Communist Party, Tesla’s, Twitter, CCP, SpaceX, Starbucks, Thomson Locations: HONG KONG, Beijing, Shanghai, China, Japan, Republic, India, Turkey, People’s Republic, United States, Washington

☆ Elon Musk’s visit underscores China's importance to global EV market, analysts say
▼ + stars: | 2023-05-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Xiaolu Chu | Getty Images News | Getty ImagesFrom handshakes with Chinese officials to visits to China's top ministries, Elon Musk's visit to Beijing is putting the spotlight on China's place in the global electric vehicle market. The Tesla CEO's visit to China is a "very important one" for him, said Anthony Sassine, senior investment strategist at investment manager Kraneshares. Price warsTesla slashed prices for its EV sales in China last October and January, but subsequently raised prices again in May. "It signals how important the China market is to defend and how important it is to your global system, you need the scale of China working for you," he said on CNBC's "Squawk Box Asia." He noted that China the most competitive market for EVs, with Tesla competing with multiple local companies for supremacy.

Persons: Xiaolu Chu, Elon Musk's, Tesla, Anthony Sassine, Sassine, CNBC's, Musk, Jamie Dimon, Bill Russo, Russo Organizations: Getty, Kraneshares, Communist Party, Musk, JPMorgan, U.S, EVs Locations: Shanghai, China, Beijing, U.S

☆ Stellantis will need one or two additional U.S. battery plants - Tavares
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

BILLY-BERCLAU, France, May 30 (Reuters) - Stellantis (STLAM.MI) will need one or even two additional large factories for electric vehicles batteries in the United States to reach its output targets, the company's chief executive, Carlos Tavares, said on Tuesday. Speaking to journalists at the inauguration of a so-called gigafactory in northern France, Tavares said the Franco-Italian carmaker would need more similar plants in North America, where it already announced plans for two sites. The U.S. Inflation Reduction Act had created "very favourable" investment conditions in the country, Tavares added. Stellantis, whose brands include Fiat and Peugeot, is targeting a global battery production capacity of battery cells equivalent to 400 gigawatt-hours (GWh) by 2030. Reporting by Gilles Guillaume, writing by Tassilo Hummel, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

☆ France inaugurates first of four gigafactories in the north
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

[1/4] French Finance Minister Bruno Le Maire visits the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. REUTERS/Pascal Rossignol/PoolBILLY-BERCLAU, France, May 30 (Reuters) - France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country. It highlights the race between European governments to attract global car makers as they seek to bring the supply of components for electric vehicles closer to their main markets. French President Emmanuel Macron, who personally lobbied to secure at least one the gigafactories in the Dunkirk region, has set a production target of 2 million electric vehicles made in France by 2030. ($1 = 0.9084 euros)Reporting by Gilles Guillaume, writing by Silvia Aloisi; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Dutch watchdog looking into alleged Tesla data breach
▼ + stars: | 2023-05-26 | by ( ) edition.cnn.com time to read: +3 min

Reuters —The data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but it was too early for further comment. Germany’s Handelsblatt reported on Thursday that Elon Musk’s Tesla had allegedly failed to adequately protect data from customers, employees and business partners, citing 100 gigabytes of confidential data leaked by a whistleblower. Handelsblatt said Tesla notified the Dutch authorities about the breach, but the AP spokesperson said they were not aware if the company had made any representations to the agency. Tesla was not immediately available for comment on Friday on the Handelsblatt report, which said customer data could be found “in abundance” in a data set labelled “Tesla Files”. The data protection office in Brandenburg, which is home to Tesla’s European gigafactory, described the data leak as “massive”.

Tesla is proposing to manufacture and sell vehicles in the country, Reuters reported on Wednesday, citing a source. Import duties of as much as 100% made it difficult to gauge demand, so Tesla lobbied to reduce tariffs, rather than producing locally. Committing to a factory could work for Musk too, though justifying a Tesla-sized facility calls for fast and furious sales. When Tesla set up a Gigafactory in China in 2019, its sheer scale meant supply chains sprang up to serve it. Senior Tesla executives are in India this week to meet the government to discuss local sourcing of parts and other issues, Reuters reported on May 16.

☆ Tesla applies to expand Shanghai plant, add pouch battery cell output
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

May 16 (Reuters) - Tesla Inc (TSLA.O) has applied for regulatory clearance to expand its Shanghai plant and to begin producing for the first time pouch-type battery cells, albeit in small numbers. It was not clear how Tesla would use the pouch cells, which it has not previously used in its electric vehicles. Pouch cells, widely used in consumer electronics, differ from the cells Tesla has used for EVs in that the battery components are housed in a more flexible metal bag rather than a rigid cylinder. Tesla’s Shanghai plant, its largest worldwide, produced about 726,000 Model 3 and Model Y vehicles in 2022, more than half of the automaker’s global sales. Tesla is also seeking to ramp up production of cylindrical, 4680 battery cells in China and has brought in new suppliers to cut costs, Reuters has reported.

[1/2] Canadian Prime Minister Justin Trudeau addresses the media during a tour of the Stellantis Windsor Assembly Plant in Windsor, Ontario, Canada. REUTERS/Rebecca CookOTTAWA, May 15 (Reuters) - Automaker Stellantis (STLAM.MI) has stopped construction at a more-than C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada amid talks with the federal and provincial governments about their support for the factory. "Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said. However, some construction related to battery cell production continues, the spokesperson said. The Volkswagen battery gigafactory is the biggest single investment ever in the country's electric-vehicle supply chain.

[1/4] Twitter, X Corp., and Tesla CEO Elon Musk poses with French President Emmanuel Macron prior to their talks, Monday, May 15, 2023 at the Elysee Palace in Paris, France. Some 200 business leaders attending the event in Versailles close to Paris have so far made commitments to invest a combined 13 billion euros ($14 billion), the most since Macron first held the summit in 2018, his office said. Musk, who also lunched with Finance Minister Bruno Le Maire, said he was confident Tesla would make "significant investments" in France in the future, without giving a timetable. "No announcement today but I am very impressed with President Macron and the French government and how welcoming they are," he told reporters. Morgan Stanley plans to increase headcount in France by 200 by 2025, bringing total staff in the country to 500.

PARIS, May 14 (Reuters) - France is poised to win record foreign investment pledges when President Emmanuel Macron receives global business leaders, including Tesla's Elon Musk, on Monday at the annual Choose France summit in Versailles. Executives attending the event in Versailles close to Paris have so far made commitments to invest a combined 13 billion euros ($14 billion), the most since Macron first held the summit in 2018. Billionaire entrepreneur Elon Musk, the CEO of Tesla (TSLA.O), met Macron at his official residence the Elysee Palace. France previously tried to convince Musk to build a European gigafactory in the country, but he chose Germany, his only European gigafactory so far. PALATIAL BACKDROPOver the last five years, Macron has invited top CEOs to the opulent Versailles Palace to try to secure billions in foreign investments.

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