Famous as a major iPhone assembler and would-be electric carmaker, Foxconn chairman Young Liu said on Sunday that electric pickup trucks will begin rolling out of the Lordstown, Ohio plant in the second half of this year.
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Ford (NYSE: F) stock continued its upward climb today, reaching a 20-year high and a $100 billion market cap on big hopes for the all-electric F-150 Lightning and plans to lead the industry in battery production capacity by 2025.
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The CDC Group, the British government’s development finance institution, will end most fossil-fuel financing abroad. It says it will invest only in companies that align with the Paris Agreement to achieve net zero by 2050.
Ron Baron, the billionaire founder of Baron Capital, was on CNBC this morning to discuss his latest favorite investment: Tesla Motors (TSLA). The mutual fund manager said that he sees Tesla becoming one of the largest companies in the world and he sees his fund holding it stock for the next 10 to 20 years.
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As part of a Reuters report that Porsche wouldn’t be quite as profitable in the short-term, it was revealed that the German luxury automaker and part of the Volkswagon g Group will spend a whopping $1B Euros to retrofit its factories to produce Mission E and theoretically other electric cars and variants…
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Nevada Governor’s Office of Economic Development published its Q4 2015 Quarterly Activity Report for the Tesla Gigafactory and judges the company’s progress to be satisfactory despite slower than projected job creation and investment. You can read the full report embedded bellow.
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Panasonic confirmed being a partner in Tesla’s battery factory early in the development of the project, but other than some estimates from Tesla, the electronic giant never committed to a dollar amount in investment until today.
Tesla made clear its plan to remain in control of the project and to contribute the majority of the estimated $4 billion to $5 billion investment required to build its massive battery factory. Panasonic confirmed today that it plans to invest between $1.5 billion and $1.6 billion in the Gigafactory.
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As Zero Motorcycles’ 2016 models are starting to arrive to dealerships, the company raises $1 million in funding to bring the total to over $64 million, according to Crunchbase.
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We reported earlier today about Ford preparing to unveil a plug-in vehicle at the Detroit Auto Show next month, but apparently that leak was only a teaser as Ford just announced that it is getting really serious about electric cars with $4.5 billion in investment and 13 new electric models coming to its lineup by 2020.
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Faraday Future announced this morning a planned first phase investment of $1 billion in a U.S. manufacturing facility, which should be announced in the “coming weeks”. The announcement comes just a week after our profile on the company, which linked the firm to the deep pocket Chinese technology company, LeTV.
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