Nio jumps after inking new deal with manufacturing partners to expand annual production to 240,000 electric cars
Nio will see production capacity almost double at the state-owned JAC factory. 240,000 cars will be produced annually under the new deal. STR/AFP via Getty I.....»»
: Fisker stock jumps after announcing U.S. EV manufacturing plans with Foxconn
Fisker Inc. shares jumped more than 12% in after-hours trading Thursday, after the electric-vehicle company announced plans to make cars in the U.S. with a manufacturing partner known for working with Apple Inc......»»
VW ramps up China electric car factories, taking aim at Tesla
Volkswagen AG is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla Inc and making China the key battleground......»»
VW"s electric bet in China brings global muscle to zero-emissions race
Volkswagen AG is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla Inc and making China the key battleground......»»
CATL expected to expand battery production capacity to 136.6GWh in 2022, says Digitimes Research
China-based Contemporary Amperex Technology (CATL) has been expanding its production capacity for lithium-ion batteries used in electric vehicles and energy storage systems, with its overall annual capacity expected to reach 136.6GWh in 2022......»»
CATL plans to expand annual battery capacity to 50GWh by 2020
Contemporary Amperex Technology (CATL), a China-based maker of Li-ion power batteries used in electric vehicles, plans to expand annual production capacity to 50GWh by 2020, according to the company......»»
Musk Says Russia Is On Tesla"s Radar As Potential Production Hub: Report
Tesla Inc.'s (NASDAQ: TSLA) global ambitions are getting bigger and the electric vehicle pioneer is contemplating setting up a manufacturing base at a country known for its authoritarian government and not-so-transparent policies. read more.....»»
Tesla has scrapped plans to expand its Shanghai Model 3 factory, and will slow production in China because of US-Beijing tensions, according to a report
The expanded Shanghai plant, which makes Model 3 and Model Y cars, would have allowed Tesla to produce 200,000 extra vehicles, sources told Reuters. Elon Musk walks with former Shan.....»»
PC brands, ODMs mixed about investing in India
Although PC brand vendors are mostly keen about shifting production to India, eyeing its PC market's strong potential, their manufacturing partners are rather conservative, according to sources from ODMs......»»
Santa Clara-based GlobalFoundries plans big expansion, mulls IPO, amid chip shortage
CEO Tom Caulfield told CNBC that the manufacturing capacity of his Santa Clara-based company is totally booked amid a global chip shortage that has hampered production of everything from phones to cars......»»
: Johnson & Johnson admits batch of COVID-19 vaccine failed ‘quality standards’
Johnson & Johnson Inc. on Wednesday acknowledged a batch of its COVID-19 vaccine produced by one of its manufacturing partners "did not meet quality standards," and said it will provide more experts to oversee production......»»
GE"s stock jumps toward 3-year high after WSJ report that deal to sell GECAS to AerCap is near
Shares of General Electric Co. surged 2.7% toward a three-year high in morning trading Monday, as the industrial conglomerate is close to a deal of more than $30 billion to combine its aircraft leasing business with Ireland-based.....»»
What Colorado needs to become an electric vehicle manufacturing hub
Colorado has been highly successful at recruiting advanced-industry companies to expand or relocate here, but there are a very limited number of companies in the state manufacturing electric vehicles or their components......»»
Foxconn looking to build electric cars at its facility in Wisconsin
Foxconn Technology Group said Wednesday it has signed a deal.....»»
Chamath Palihapitiya-backed Arclight Clean Transition Corp. jumps 12% after announcing Maryland school-bus deal
Maryland's Montgomery County school district will become the nation's biggest operator of electric school buses after a deal with ACTC's Proterra. Proterra ZX5 40' Bus. Proterra Arclight Clean Transition Corp's s.....»»
Fisker Joins Hands With Foxconn For Second EV Model: What You Need To Know
Electric vehicles manufacturer Fisker Inc (NYSE: FSR) announced Wednesday a manufacturing deal with Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd. (OTC: read more.....»»
Biden plans order to bolster US supply chains, spurred by last year"s scramble for COVID-19 medical gear and a looming crisis in chips for electric cars
The coming executive order is said to be designed to strengthen domestic production of key goods and limit US exposure to foreign supply chains. President Joe Biden at a meeting with labor leaders in the Oval .....»»
Highlights of the day: IDMs may adjust outsourcing strategies
The frigid weather that halted production in the US state of Texas may prompt IDMs to mull adjusting outsourcing strategies. Seeking more support from manufacturing partners, particularly those in Taiwa.....»»
Churchill Capital Corp IV plunges 35% after Lucid Motors strikes SPAC deal to go public with a $24 billion valuation
The deal will generate about $4.4 billion in cash for Tesla rival Lucid, which plans to use the funds to expand its manufacturing facility in Arizona. Lucid Air. Lucid Churchill Capital IV fell.....»»
: Donald Glover jumps to Amazon from FX in eight-figure deal: report
Actor, writer and rapper Donald Glover has agreed to a multiple-year, eight-figure production deal with Amazon.com Inc., according to the Hollywood Reporter, exiting a deal with Walt Disney Co.-owned FX......»»