Tesla’s battery-manufacturing ‘Megafactory’ breaks ground in California

Tesla broke ground on its “Megafactory,” a new production facility in California, so christened because it will produce the company’s large-scale battery system Megapack. News of the previously unannounced factory was confirmed by the Lathrop Mayor Sonny Dhaliwal, in a Facebook post that was deleted and re-posted. “We are proud to be the home of […]

GM invests $300M in China’s first self-driving car unicorn Momenta

General Motors has now joined a slew of other major automakers, including Toyota, Chinese state-backed SAIC Motor, and Mercedes-Benz AG in putting its chips behind Chinese autonomous driving startup Momenta. GM, the largest automaker in the U.S. in terms of vehicle sales, said Tuesday it will invest $300 million in Momenta to accelerate the development […]

Foxconn says Thailand EV factory will begin producing 50,000 units by 2023

Taiwan-based smartphone manufacturing giant Foxconn and national Thailand oil supplier PTT PLC are moving forward with an agreement to start an electric vehicle manufacturing facility in Thailand. The facility is expected to begin rolling out vehicles by 2023. Foxconn had previously reported plans to begin building factories in both Thailand and the U.S. next year. […]

Project44 acquires Convey for $255M to provide end-to-end supply chain visibility

Real-time supply chain visibility company project44 has acquired last-mile tech platform Convey for $255 million. Together, the two companies will combine forces to provide end-to-end supply chain visibility, from the raw materials to the front door. The acquisition will bolster project44’s “Real-time Transportation Visibility Platform” (RTTVP), which provides information on shipments in transit across all […]

Mercedes-Benz prices its flagship EQS electric vehicle below the S Class

The Mercedes-Benz has priced the flagship EQS electric vehicle more than $8,700 below its gas-powered S-Class counterpart, a strategic move by the German automaker aiming to ensure a successful rollout of the luxury EV in North America. The EQS, which will arrive in U.S. dealerships in fall 2021, will start at $103,360, including the $1,050 […]