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Recent Articles

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Citi upgrades Tesla to neutral from sell, but warns of intensifying EV competition; Tesla's competitive position could strengthen if economy falls into prolonged recession, since that could take a bigger toll on its smaller, less financially sound rivals

Mazda investing US$10.6B to electrify its vehicle lineup by 2030, forecasting EVs to account for 25% to 40% of total sales by beginning of next decade; Mazda plans full-scale launch of EVs from 2028-2030 as part of a three-phase plan

Continental working with German solar EV OEM Sono Motors to develop Sion self-charging EV scheduled to start production in Finland in second half of 2023; Continental providing driver assistance, charging, thermal management, torque management systems

GM’s deal with Vale Canada Ltd. calls for Vale to supply battery grade nickel sulphate equivalent to 25,000 metric tons of nickel annually, enough for 350,000 EVs every year; GM to use the nickel sulphate in its Ultium battery cathodes

South Korean President Yoon Suk -yeol asks Elon Musk to set up Tesla plant in South Korea; Tesla’s component and product purchases from South Korean companies expected to exceed US$10.0B in 2023

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