Daily Shorts: China's Farizon raises $600 million, Musk says Tesla could deploy robots next year and more

Farizon, an electric and hybrid truck manufacturer owned by China's Geely, announced it had raised $600 million from investors led by Boyu Capital and Yuexiu Industrial Fund. The c...

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Tesla seeks permission to double its gigafactory near Berlin

Tesla has approached authorities in Germany to double its gigafactory near Berlin as the company seeks to build the largest car factory in Europe. The company is eying 1 million ca...

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Tesla settles one lawsuit, kickstarts another

Tesla's directors have agreed to return $735 million in compensation, agreed not to receive any pay for 2021, 2022 and 2023, and to change the way board compensation is decided. Image: Tesla

Tesla resolved a dispute over director pay on Monday, according to court filings made in the US state of Delaware. The company's directors said they will return $735 million to clo...

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Weekend roundup: Tesla unveils Cybertruck, US launches $20 bn in cleantech grants, and more

Tesla built its first Cybertruck, an EV pickup model it showcased four years ago (where an engineer cracked its so-called 'armor' glass). The vehicle gives Tesla entry into one of ...

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Tesla chalks up more wins: Volvo signs up, VW starts talks

Tesla's charging standard has attracted carmakers such as Ford, GM and Volvo. Now, Volkswagen Group is in talks to deploy NACS connectors on its North American models. Image: Tesla

Volkswagen has confirmed the group is in talks with Tesla to adopt the latter's charging port, making it the first German carmaker to discuss the possibility. "Volkswagen Group and...

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Musk meets Modi, says Tesla wants to come to India

Musk said he planned to visit India next year. Image courtesy: Twitter

Tesla is looking to invest in India "as soon as humanly possible," the electric vehicle maker's CEO Elon Musk told reporters after meeting Prime Minister Narendra Modi in New York....

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Macron to meet Musk again as France pushes for Tesla gigafactory

Tesla considered France for its European gigafactory, seen here, before settling on Germany. Image: Tesla

France's President Emmanuel Macron is meeting Tesla CEO Elon Musk for the second time in a month on Friday, as he looks to promote the country for Tesla investments. "I'm going int...

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Is Tesla's charging port set to be new standard?

Tesla's NACS port is seamlessly integrated with the company's vehicles and charging infrastructure, but it's not clear how interoperability will play out for other carmakers. Image: Tesla

Tesla's charging connector for electric vehicles – dubbed North American Charging Standard (NACS) – is set to be the new industry standard, it looks. On Monday in USA, three EV cha...

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GM follows Ford, adopts Tesla's NACS connector

GM has said it will cease production of petrol- and diesel-powered vehicles by 2035. Image: GM.com

GM will adopt the Tesla charging connector for its electric vehicles (EV) from 2025, the company announced, in a major decision that should benefit the industry, consumers, and Tes...

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Tesla rival Lucid raises $3 billion amid falling sales

Electric vehicle maker Lucid Group announced plans to raise about $3 billion through a stock offering, in a move seen as stockpiling cash ahead of a likely price war with Tesla. Al...

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Tesla's Model Y becomes best-selling car globally, first EV to bag crown

Tesla had the top-selling vehicle globally in the first quarter of this year, data from Jato Dynamics shows. The company's Model Y beat Toyota's Corolla sedan and RAV4 compact SUV ...

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Ford gets EV owners access to Tesla charging stations, announces switch in connectors

Tesla has 12,000 fast chargers in North America. Image: Tesla

Ford and Tesla have agreed a deal that would allow Ford EV owners to charge their vehicles at Tesla stations, the two companies announced. The deal grants owners of models such as ...

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Tesla to expand gigafactory in Nevada, increase battery production

The year 2022 is touted to be the one in which Tesla exceeds sale of one million EV units. However, expectations are that it will soon double those numbers. Tesla now nee...

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