Tag: Automotive
LG Energy Solution inks deal with Australian mining company for nickel and cobalt
South Korea’s LG Energy Solution has entered into a six-year agreement with an Australian mining company for cobalt and nickel, securing a stable supply of key minerals to make electric vehicle batteries. LG Energy, a subsidiary of LG Chem, will purchase 71,000 dry metric tons of nickel and 7,000 dry…
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U.S. safety regulator opens investigation into Tesla Autopilot following crashes with parked emergency vehicles
U.S. auto regulators have opened a preliminary investigation into Tesla’s Autopilot advanced driver assistance system, citing 11 incidents in which vehicles crashed into parked first responder vehicles while the system was engaged. The Tesla vehicles involved in the collisions were confirmed to have either have had Autopilot or a feature…
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Lordstown will deliver its Endurance truck to ‘select early customers’ early next year
The beleaguered EV startup Lordstown Motors is on track to begin production of its flagship electric truck Endurance, but only select customers will begin to receive vehicles early next year, executives said during a second quarter earnings call. Executives struck a cautious tone in the second-quarter earnings call as they…
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Car-sharing startup Turo has filed confidentially for an IPO
Turo, the peer-to-peer car-sharing startup, has initiated the confidential process of filing for an initial public offering with the U.S. Securities Exchange Commission. The number of shares to be offered in the IPO and the price range have not yet been determined, the company said in a statement. Turo declined…
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Fisker-Foxconn EV partnership ‘moving faster than expected,’ CEO Henrik Fisker says
U.S. electric automaker Fisker expects operating expenses to reach between $490 million and $530 million this year, a slight increase in its business outlook for the year that is driven by R&D spending on prototypes for its Ocean SUV, testing and validation of advanced technology, hiring and its “accelerating” partnership…
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Walter Isaacson is working on a biography of Elon Musk
Walter Isaacson, the biographer who chronicled the lives of Steve Jobs, Benjamin Franklin and Leonardo Da Vinci, is turning his attention to the life and career of Elon Musk. The Tesla CEO announced the project in a tweet Wednesday. If you’re curious about Tesla, SpaceX & my general goings on,…
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