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China’s EV exports challenge Tesla’s dominance

Tesla emerged as a major exporter from its factory in Shanghai starting last year. It has shipped almost 165,000 vehicles from the plant to international markets in the first nine months of this year. Other global automakers including…

Battery plants in the works

  General Motors 1 more Ultium plant is planned for the U.S. Location and timing to be announced.   General Motors The Ultium Cells joint venture between GM and LG Energy Solutions is expected to begin producing batteries next year in…

Tesla CEO Elon Musk to step down as Twitter CEO

In the poll, 57.5 percent of around 17.5 million people voted "yes." Musk had said on Sunday he would abide by the results. He has not provided a time frame for when he will step down and no successor has been named. The poll results…

VW is on a solid footing, CEO Blume says

BERLIN  -- Volkswagen Group CEO Oliver Blume said at an extraordinary general meeting on Friday that the group was on solid footing, with his first hundred days spent on tasks including reshuffling senior roles, defining the automaker's…

Tesla wants to build 1 million cars in Europe

BERLIN -- Tesla plans to drill for new water sources to supply an expansion of its electric vehicle plant near Berlin, according to local authorities and water associations, the latest move by the automaker to speed up German bureaucracy.…

Gotion, PTT Group set battery JV in Thailand

SHANGHAI -- Volkswagen-backed Chinese battery maker Gotion High Tech will partner with PTT Group in the production and export of battery modules and packs in Thailand, the Chinese company said in a Shenzhen filing on Thursday. Gotion's…

Elon Musk sells $3.6B worth of his stake in Tesla

Elon Musk, who lost his No. 1 spot on Bloomberg’s ranking of the world’s richest people this week, unloaded Tesla stock for the fourth time this year. Tesla’s CEO sold almost 22 million shares for $3.58 billion, a filing showed late…