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BUSINESS

  • China's EVE Energy Sparks a $2.6 Billion Battery Venture in the US EVE Energy US Holdings, a subsidiary of Chinese EVE Energy, announced on September 7, 2023, that it plans to establish a joint venture in the United States with Electrified Power, Daimler Trucks, and Paccar Inc. The capital contribution limit for the joint investment shareholders is set at a total of $2.64 billion.
  • Tesla's Gigafactory Shanghai Surpasses 2 Million Units in Cumulative Production Tesla's Gigafactory Shanghai hit 2 million units produced in 13 months after reaching 1 million, credited to its Shanghai business environment.
  • Ford's F-200 Trademark Hints at Electric Pickup Revolution Ford seeks trademark for F-200, a higher-tier electric pickup, part of their new EV platform, with production planned in Tennessee.
  • Tesla's Self-Driving V12 Emerges as a Game-Changer Amidst US Robot-Taxi Debate Autonomous driving approaches vary: Tesla aggressive, Waymo cautious. FSD v12 challenges, safety concerns, opposition in San Francisco.
  • Tesla Model S/X Price Reduction, Gain or Loss? Tesla cut Model S and Model X prices by 15-19% to boost demand and reduce Full Self-Driving cost, causing a drop in stock prices.
  • Ford's BlueCruise Arrives in Germany: Hands-Free Driving Now a Reality Ford's BlueCruise autonomous system approved for hands-free driving in Germany. Mustang Mach-E set to feature Level 2+ autonomy.
  • Eco-Friendly Innovation: Volvo's EX30 SUV Manufactured Using 100% Climate-Neutral Energy Volvo's compact electric SUV prioritizes sustainability with recycled materials and energy-efficient production, aiming for a greener future.
  • Tesla Opens Up Superchargers: Charging Revolution Sweeping Europe Tesla opens 500+ Superchargers to other EV brands in Europe, except Eastern Europe and the Balkans, expanding charging options.
  • Nissan Charges Ahead: e-Power Hybrid Model Set to Make US Debut in 2026 Nissan to debut 'e-Power' hybrid tech in the U.S. by late 2026. Embracing e-Power in SUVs, aiming for 55% global electrification of new cars.
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