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Tesla says it has no agreement with Chinese battery maker Lishen

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FILE PHOTO: A Tesla logo is painted on a wall inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson SHANGHAI (Reuters) – Tesla Inc (TSLA.O) denied on Tuesday that it had signed a preliminary agreement with Tianjin Lishen to supply batteries for its new Shanghai car factory, saying it had Read More

Exclusive: Tesla says it received battery quotes from China's Lishen but no deal agreed

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BEIJING (Reuters) – Tesla Inc (TSLA.O) said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm. FILE PHOTO: Visitors are seen at the booth of Lishen Battery at a new energy expo in Beijing, China Read More

Exclusive: Tesla in talks with China's Lishen over Shanghai battery contract – sources

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BEIJING (Reuters) – Tesla Inc (TSLA.O) has signed a preliminary agreement with China’s Tianjin Lishen to supply batteries for its new Shanghai car factory, as it aims to cut its reliance on Japan’s Panasonic (6752.T), two sources with direct knowledge of the matter said. FILE PHOTO: Visitors are seen at the booth of Lishen Battery Read More

Tesla's Model 3 gets green light in Europe

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FILE PHOTO: A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo AMSTERDAM (Reuters) – Tesla’s Model 3 has been given the green light to hit the road in Europe, clearing the final hurdle for the European introduction Read More

European power firms aim to harness electric car batteries

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FRANKFURT/LONDON/PARIS (Reuters) – Ever wanted to run your electric car for free? If you’re open to a bit of give and take, then stay plugged in and your wishes might come true. At least that’s what some European power companies and Japanese carmakers believe. FILE PHOTO: A charging port is shown on the front of Read More

Berkshire denies media report on accord to extract lithium

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FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, plays bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo (Reuters) – A unit of Berkshire Hathaway Inc denied a report on Sunday that it reached an agreement to allow extraction of lithium from its geothermal Read More

Berkshire's lithium venture may supply U.S. automakers, including Tesla: FT

2 days ago DieselGasoil Comments Off on Berkshire's lithium venture may supply U.S. automakers, including Tesla: FT
FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, plays bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo (Reuters) – Warren Buffett’s Berkshire Hathaway Inc has signed an agreement to allow extraction of lithium from its geothermal wells in California, a project that could Read More

Toyota, Panasonic to set up EV battery JV in 2020: source

3 days ago DieselGasoil Comments Off on Toyota, Panasonic to set up EV battery JV in 2020: source
TOKYO (Reuters) – Toyota Motor Corp (7203.T) and Panasonic Corp (6752.T) are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said. Toyota Motor Corp President Akio Toyoda (L) and Panasonic Corp President Kazuhiro Tsuga Read More

Tesla cuts jobs as it looks to make Model 3 more affordable

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(Reuters) – Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent. The company, which has struggled to achieve long-term profitability and keep a tight lid Read More

Tesla to cut workforce by 7 percent, sees small fourth-quarter profit

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(Reuters) – Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower priced versions of its crucial Model 3 sedan, sending its shares down 7 percent. A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Read More