The loan, from the Biden administration, was designed to withstand Republican attacks and will be used to make electric-car ...
On November 21st the Swedish maker of batteries for electric vehicles (EVs), and a would-be European champion, went bankrupt, having raised $15bn from governments and investors. Its boss ...
Batteries make up around 30% of the cost of an EV, according to some estimates. Musk proclaimed in 2020 that Tesla’s 4860 battery would be 10-20% cheaper to produce and bring a fivefold increase ...
The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.
Operating income for the key segment, which makes batteries for Tesla (TSLA.O), opens new tab and other automakers, rose to 32.7 billion yen ($213.82 million), despite a decline in profit from the ...