Archives for September 2020

• Beyond the market hype: Tesla tries to expand its lead in batteries – FT: Beyond the market hype: Tesla tries to expand its lead in batteries
• Canadian autoworkers gear up as contracts expire Monday night – Freep: Unifor said last week that the union and Ford “remain far apart on many key matters” even as talks have progressed.
• China Ride-Hailing Giant Didi to Partner With BYD to Make EVs – Bloomberg: China Ride-Hailing Giant Didi to Partner With BYD to Make EVs
• EIB provides FCA credit line for EVs, BEVs – Just-Auto: The European Investment Bank (EIB) is providing financing to Fiat Chrysler Automobiles (FCA) for developing and manufacturing battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) to the tune of almost EUR800m.
• FT Alphaville takes a Tesla out for a spin – FT: FT Alphaville takes a Tesla out for a spin
• How to interpret Tesla’s Battery Day lingo – Reuters: Confused by kilowatts?

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• China Is Becoming Loss-Making Nissan’s Last Line of Defense – Bloomberg: China Is Becoming Loss-Making Nissan”s Last Line of Defense
• Mitsubishi Motors to stop making first mass-produced EV – Nikkei:
• Tesla review – portrait of an inventor out of step with his time – Guardian: portrait of an inventor out of step with his time.
• Tesla wins case against former employee accused of hacking, transferring data – Reuters: Tesla wins case against former employee accused of hacking, transferring data
• Report: Volkswagen Group to sell Bugatti to Rimac by end of 2020 – Autocar: Centodieci is latest limited-run Bugatti
• Volkswagen issues green bonds to finance MEB, EVs – Just-Auto: Volkswagen Group says it has successfully placed its first green bonds with a volume of EUR2bn earmarked to fund EV projects, including its MEB platform.

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• If Nikola goes up in flames, GM might only get singed, analysts say – Freep: The Nikola One was a concept and electric-car maker Tesla has done the same thing numerous times with some of its concept cars, Abuelsamid said.
• GM faces unexpected bills as India-China tensions delay sale of India plant: sources – Reuters:
• LG Chem plans to separate battery business as electric cars take off – Reuters: South Korea’s LG Chem, an electric car battery supplier for Tesla Inc and GM said on Thursday it plans to separate its battery business
• Kia suspends Seoul factory after COVID-19 outbreak – Nikkei:
• Tesla co-founder wins Amazon funding for electric battery project – FT: Tesla co-founder wins Amazon funding for electric battery project
• VW in talks to sell Bugatti to Croatia’s Rimac – Manager Magazin – Reuters:

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• GM to manufacture its own ‘family’ of electric vehicle drive systems, motors – CNBC: General Motors is set to announce plans on Wednesday to put into production an interchangeable “family” of electric vehicle (EV) drive systems and motors, boosting manufacturing efficiencies as it transitions to a fully electric lineup.
• Nissan Seeks to Reclaim Fairlady Z Magic With New Successor – Bloomberg: Nissan Seeks to Reclaim Fairlady Z Magic With New Successor
• GM venture’s mini car becomes China’s most sold EV, surpassing Tesla’s Model 3 – Reuters: GM venture’s mini car becomes China’s most sold EV, surpassing Tesla’s Model 3
• GM sues former board member – Just-Auto: General Motors is suing a former board member, claiming he leaked confidential information to a rival company and to the United Auto Workers, a move the automaker claims added billions to its labour costs, a media report said.
• Renault recruits Toyota’s Lucio Biondo for EV/LCV role – Just-Auto: The former president of Toyota Motor Manufacturing France (TMMF) and director of the Valenciennes plant, Luciano Biondo has joined Renault as VP Electro & LCV North Pole Industry in France.
• New BMW iX3: electric SUV priced from £61,900 in UK – Autocar: Rear-driven, 282bhp electric version of X3 SUV is available to pre-order now
• GM’s Barra talks flying cars and transforming the automaker – Freep: GM is considering a partnership or other way to get in the business of air taxis. It would use its Ultium battery technology in the flying cars.

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• Daimler to pay $2.2 billion in diesel emissions cheating settlements – Reuters: Daimler to pay $2.2 billion in diesel emissions cheating settlements
• SAIC steps up FCEV drive with Maxus EUNIQ 7 launch – Just-Auto: SAIC Motor unveiled its first fuel cell powered MPV in Shanghai at the weekend, the Maxus EUNIQ 7, as part of a broader push to harness hydrogen as a key fuel of the future.
• Former Nissan executive Kelly pleads not guilty to helping Ghosn hide income – Reuters: Former Nissan executive Kelly pleads not guilty to helping Ghosn hide income
• BMW JV doubles battery capacity in China – Just-Auto: BMW JV doubles battery capacity in China |
• Trial Against Carlos Ghosn Begins as Kelly Faces Charges Alone – Bloomberg: Trial Against Carlos Ghosn Begins as Kelly Faces Charges Alone
• Fiat Chrysler shares rise after PSA merger deal revision – Reuters: Milan-listed shares in Fiat Chrysler FCHA.MI rose sharply in early trade on Tuesday, after the group and Peugeot maker PSA PEUP.

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• Nikola details ‘false and misleading’ information of short seller’s fraud claims – CNBC: The accusations came days after General Motors said it is taking an 11% stake in Nikola.
• Navistar rejects Traton’s buyout offer, calls it starting point – Reuters: Navistar International Corp on Monday rejected Volkswagen truck unit Traton’s offer
• U.S., California to unveil Daimler diesel emissions settlement – sources – Reuters: U.S., California to unveil Daimler diesel emissions settlement – sources
• Tesla’s Hot Summer Looks Like the Fracking Boom – Bloomberg: Tesla”s Hot Summer Looks Like the Fracking Boom
• Uber London License Hinges on Proving It’s Not a Reoffender – Bloomberg: On Tuesday, Uber will begin a three-day trial at Westminster Magistrates Court by outlining why Transport for London’s decision to strip its operating
• BYD opens Brazil EV bus battery plant – Just-Auto: BYD opens Brazil EV bus battery plant

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• Sharp wins network tech patent infringement suit against Daimler – Reuters: Sharp wins network tech patent infringement suit against Daimler
• Tesla plans to export China-made Model 3 vehicles to Asia and Europ – Reuters: Tesla is planning to export China-made Model 3 vehicles to Asian and European markets
• “No impact” says McLaren on proposed HQ sale and leaseback – Just-Auto: McLaren says the potential sale and leaseback of its global headquarters in the UK will have “no impact” on its operations.
• Nissan to issue $8bn in US-dollar corporate bonds – Nikkei:
• McLaren puts UK HQ on the block – Just-Auto: Supercar maker McLaren Group was strengthening its balance sheet by selling its Surrey headquarters in southern England in a deal that could raise GBP200m, a media report said.

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• Electric vehicle start-up Lucid unveils Air sedan to take on Tesla – CNBC: Electric vehicle start-up Lucid unveils Air sedan to take on Tesla
• Nikola and Rivian’s Appetite for Risk Is Real Prize for GM, Ford – Bloomberg: Nikola and Rivian”s Appetite for Risk Is Real Prize for GM, Ford
• Lucid Air: 1065bhp EV officially unveiled with 517-mile range – Autocar: UK-bound Tesla Model S rival, priced from around £40,000, is the fastest-charging electric …
• Citroen pitches car at TikTok generation – Reuters: Citroen pitches car at TikTok generation
• Renault appoints Nicolas Maure as chief turnaround officer – Just-Auto: Renault has appointed Nicolas Maure as EVP, chief turnaround officer.
• Maserati confirms 13 new models as part of bold brand relaunch – Autocar: New Grecale small SUV and electrification to play a big part in the Italian marque’s future plans

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