Tesla Inc has been weighing a takeover of battery metals miner Sigma Lithium Corp, Bloomberg News reported on Friday, citing people with knowledge of the matter.U.S.-listed shares of Sigma up 21 per cent in trading after the bell.Tesla and Sigma Lithium did not immediately respond to Reuters reques
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Albemarle expects 40% Chinese EV market growth to drive lithium demandLithium giant Albemarle Corp expects China's electric vehicle (EV) market to grow 40 per cent this year, or at least by 3 million vehicles, boosting demand for the battery metal in the world's largest auto market.China's government has been phasing out subsidies for EVs, but Albemarle said so far those st
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Tesla sold out Model Y in US for this quarter - ElectrekElectric vehicle maker Tesla Inc has sold out its Model Y for this quarter in the United States, with no more production builds until April, Electrek reported on Wednesday, citing sources familiar with the matter.The expected delivery date for the fully electric, mid-sized sports utility vehicle (SUV) to
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Biden praises Musk plan to open Tesla's charging network, says it is a 'big deal'U.S. President Joe Biden on Wednesday praised the plan by Tesla Inc Chief Executive Elon Musk to open part of its electric vehicle charging network, saying the move is a 'big deal' and will 'make a big difference.' The tweet is a sign of improving relationships between Biden and Musk, who previously comp
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Explainer-What's known about Tesla's 'Project Highland'?SHANGHAI : Tesla plans to slow production at its Shanghai plant in the last week of February to prepare for building a revamped version of its Model 3 sedan, according to a person with knowledge of the matter and a planning memo seen by Reuters.The move was first reported by Bloomberg News.The auto
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Tesla fires employees in retaliation to union campaign: ComplaintTesla on Wednesday (Feb 15) laid off dozens of employees from its Autopilot department at its Buffalo plant in New York, a day after workers launched a campaign to form a union, according to a complaint filed with a government agency. Earlier this week, Tesla workers in New York said they will unionise wit
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China to scrutinize Ford's EV battery deal with CATL - Bloomberg NewsChina will scrutinize Ford Motor Co's latest deal with battery giant CATL to ensure the Chinese company's core technology is not shared with the U.S. automaker, Bloomberg News reported on Thursday.Beijing is concerned that the competitive aspects of CATL's technology could be given to or accessed by the D
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