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VW to deepen alliances with battery suppliers

LEIPZIG: Volkswagen will create joint ventures and help finance battery production to persuade sceptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan Sommer told Reuters.

Kg Jenjarom folk want battery factory relocated

KUALA LANGAT: Residents of Kampung Jenjarom here want to get rid of a battery manufacturing plant in their neighbourhood, which they have blamed for lead contamination.

Jenjarom residents want battery factory out of their village

KAMPUNG Jenjarom residents want the Selangor government to move a factory manufacturing batteries out of their neighbourhood in Kuala Langat.

Tesla rushes Model 3s to China before trade-war truce expires

SAN FRANCISCO:At least three ships roughly the length of two football fields are slated to arrive at ports in China by the end of this month, each carrying precious cargo from Elon Musk.

Tesla shares jump as Musk delivers quarterly profit, cash

SAN FRANCISCO: Tesla Inc reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter on Wednesday, delivering on Chief Executive Elon Musk's promise to turn the electric carmaker profitable as higher production volumes of its new Model 3 began to pay off.

SK Innovation to invest US$354mil to build EV battery parts plant in China

SEOUL: South Korea’s SK Innovation said it plans to invest 400 billion won (US$354mil) to build a plant for key parts of electric car batteries in China as part of its effort to better compete in the world’s largest electric vehicle (EV) market.

Tesla, Elon Musk win dismissal of lawsuit over Model 3 production

A federal judge in San Francisco dismissed a securities fraud lawsuit in which Tesla Inc shareholders accused the electric car company and chief executive Elon Musk of misleading them about the progress of production of its Model 3 vehicle.

Tesla CEO Musk drops pursuit of $72 bln take-private deal

SAN FRANCISCO: Tesla Inc CEO Elon Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion deal to take his U.S. electric car maker private, abandoning an idea that had stunned investors and drawn regulatory scrutiny.

Panasonic says it’s open to working with Tesla on China factory

TOKYO: Panasonic Corp said it’s open to teaming up with Tesla Inc on the US carmaker’s plan to build a factory in Shanghai.