French battery maker Verkor secured more than €2 billion (around $2.1 billion) to build its Dunkirk gigafactory, which is set to be operational by 2025.
Venture capitalists and private equity firms have invested over $40 billion into battery technology startups, and some of those investments are now coming to fruition.
Britishvolt could have kept the U.K. competitive, but its failure comes a decade too late.
Tesla notified Texas regulators this week it plans to invest about $770 million into an expansion of its factory near Austin. The automaker registered plans with the Texas Department of Licensing and
Tom Zhu, Tesla’s China president who oversaw Gigafactory Shanghai’s transformation into the world’s largest EV plant, has been appointed to run the new Gigafactory in Austin, Texas,
Tesla is ramping up production at its factories in Texas and Shanghai to head off an upcoming ambush of new EVs from legacy automakers. On Monday, the world’s largest EV maker completed a long-delay
The municipal council of Grünheide in the district of Brandenburg, Germany, has indefinitely delayed the vote on the planned expansion of Tesla’s Berlin gigafactory, according to a report from
Tesla is looking to hire recruiters in Quebec for a “high-volume” effort, indicating the automaker’s plans to grow in Canada. A job posting by the global battery-electric brand seeks “an extra
Panasonic is eyeing Oklahoma as the home for its next lithium-ion battery plant, according to a report Friday by The Wall Street Journal. The proposed venture, which is expected to supply Tesla with a
Some parts of China are suffering from record high temperatures in the past few weeks, prompting local governments to halt industrial power use, including those of battery plants. When news reaches th
Tesla CEO Elon Musk confirmed Wednesday that the automaker aims to launch its long-awaited Cybertruck mid-2023. “We are still expecting to be in production with the Cybertruck in middle of next year
Elon Musk has dominated this summer’s headlines beyond the EV business he’s trying to scale. During the first half of July, the Tesla CEO commanded attention for adding twins to his brood of 10 ch
Lawyers representing two former Tesla employees who were terminated in mid-June have filed an emergency motion asking a judge to prohibit the electric vehicle maker from forcing workers to sign releas
Two former Tesla employees filed a lawsuit against the EV maker Sunday alleging that the company did not provide the 60 days of advance notice required by federal law during a recent round of layoffs.
Tesla CEO Elon Musk said the company would be moving its headquarters from Palo Alto, California to Austin, Texas, a city that has recently seen a flood of tech companies and remote workers. Musk anno
Redwood Materials, the battery recycling startup founded by former Tesla CTO JB Straubel, has purchased 100 acres of land near the Gigafactory that Panasonic operates with Tesla in Sparks, Nevada as p
Tesla CEO Elon Musk said in a memo it’s time to “go all out” and start volume production of the Tesla Semi, the all-electric Class 8 truck revealed nearly three years ago. CNBC first
Tesla officials visited two sites in Tulsa, Oklahoma this week to search for a location for its future and fifth gigafactory that will produce its all-electric Cybertruck and Model Y crossover, a sour
Tesla will suspend production at its U.S. factories until at least May 4 due to the COVID-19 pandemic, prompting the company to cut pay for salaried employees between 10% and 30% and furlough workers,
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