The epic fight over who controls the future of the car industry is about to get a whole lot more interesting.
Car makers are having to get creative to cope with the global shortage of semiconductors.
Volkswagen plans to take on Tesla in a key electric vehicle battleground: power infrastructure.
In just one frenetic trading session, Tesla added $118-billion to its worth, or almost double that of Ford’s entire market capitalisation.
Tesla shares are staging a comeback as investors expect the electric car maker to navigate the crippling semiconductor shortage better than rivals.
The cost of the intractable semiconductor shortage has ballooned by more than 90%, pushing the total hit to 2021 revenue for the world’s car makers to $210-billion.
An EV uses the same rechargeable lithium-ion batteries that are in your laptop or mobile phone, they’re just much bigger and much more expensive.
Mercedes-Benz plans to invest more than €40-billion by 2030 to be ready to take on Tesla in an all-electric car market, but warned the shift in technology would lead to job cuts.
Volkswagen of America’s purported name change to “Voltswagen” was an April Fool’s joke gone bad.
BMW has timed its shift to electric cars well and its upcoming products will upend the perception the German car maker is behind on electrification, its top executive said.