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Tesla Inc
Tesla shares rise on plans to accelerate launch of ‘more affordable’ models
...Excluding the effects of regulatory credits, the gross margin from its automotive unit — a closely watched measure of its core operations — fell to 16.4 per cent for the quarter, down from 19 per cent a...
April 24, 2024
Electric vehicles
China’s EV suppliers look to leverage superior tech to recouple with west and drive expansion
...“Those global corporates already proved that even the biggest automotive [manufacturers] today have to purchase China’s solutions in order to save time as well as get a lot more competitive products,” Li...
February 18, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Inside BusinessRichard Waters
Apple’s slow-burn approach to products
...The industry-leading gross profit margin on Tesla’s automotive operations briefly topped 30 per cent in 2021....
January 25, 2024
Tesla Inc
Tesla shares drop 12% after sales growth warning
...Excluding the effects of regulatory credits, the gross margin from Tesla’s automotive unit — a closely watched measure of its core operations — increased to 17.2 per cent for the quarter, slightly ahead...
January 25, 2024
Semiconductors
Nvidia supplier to set up pilot plant in Malaysia
...If the operation goes well, Kinsus will eventually expand its investments in the country, the person added....
January 23, 2024
Tesla Inc
Tesla profits fall after price cuts and plant shutdowns
...Excluding the impact of regulatory credits, the gross margin from Tesla’s automotive operations — a closely watched measure of its core operations — dropped to 16.3 per cent in the third quarter, its lowest...
October 18, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Rivian Automotive, Inc.
Rivian boosts EV production target as supply problems ease
...Rivian used $1.4bn in cash for operations in the second quarter, compared with $1.2bn for the same period a year earlier. The increase was due to carrying greater inventory....
August 8, 2023
Tech start-ups
Toyota home ground becomes base for drone and space start-ups
...It aims to accelerate “air mobility” such as drones and flying cars and advance their autonomous operation....
February 13, 2024
Semiconductors
Europe’s top chipmaker Infineon boosts hiring in India and Vietnam
...A version of this article was first published by Nikkei Asia on January 26. ©2024 Nikkei Inc. All rights reserved....
January 30, 2024
Person in the News
Marie Nilsson, the Swedish union leader taking on Elon Musk
...“IF Metall is one of the most flexible and industry-focused unions in Europe,” one automotive industry manager explains....
December 1, 2023
Inside BusinessRichard Waters
Rivian investors need a reality check
...Is it possible to build a complex manufacturing operation this quickly?...
July 13, 2023
EU-China relations
Foreign brands including Tesla to face scrutiny as part of EU probe into China car subsidies
...and the stability of global automotive supply chains....
September 26, 2023
News in-depthDriverless vehicles
Why Chinese driverless car company AutoX disengaged its safety features
...Other automotive groups have also been accused of presenting themselves in a flattering image to show off futuristic driverless systems....
April 5, 2022
Tesla Inc
Tesla profit margins slip as price cuts weigh on earnings
...The company’s gross profit margin from automotive operations, excluding the effect of regulatory credits, dropped to 18.2 per cent in the past three months....
July 19, 2023
News in-depthElectric vehicles
Welcome to Normal: the town that holds the keys to Rivian’s future
...The semiconductor shortage that bedevilled the automotive industry in 2021 and 2022 hit Rivian, too. It deployed employees to suppliers to help them meet the carmaker’s needs....
May 8, 2023
FT Live
Commodities Global Summit 2025
The pre-eminent gathering of senior commodity executives, traders and financiers
Monday, 24 March 2025Lausanne, Switzerland
Mergers & Acquisitions
Bid for US Steel promises national security through consolidation
...Under chief executive Lourenco Goncalves, Cleveland-Cliffs has already expanded, acquiring AK Steel and ArcelorMittal’s US operations in 2020 for $6bn in total....
August 18, 2023
Rivian Automotive, Inc.
Rivian halts plan for European electric van plant with Mercedes-Benz
...It already has US manufacturing operations making a pick-up truck and sport utility vehicle, as well as a delivery van for Amazon, and is in the process of developing a new generation of consumer vehicles...
December 12, 2022
Inside BusinessRichard Waters
Musk breaks the spell he had woven around Tesla
...Over the past two years, the 30 per cent gross margin on Tesla’s automotive operations (at least, until higher costs crept in this spring) was roughly double the likes of Ford and General Motors, and comfortably...
December 30, 2022
News in-depthTim Cook
Tim Cook charm resolves Twitter spat yet China crisis rumbles on
...Cook has extended Apple’s reach into new media and services, and laid the foundation for expanding its footprint into the finance, automotive and healthcare industries....
December 3, 2022
Tesla Inc
Musk tries to brush off concerns about demand for Teslas
...Tesla was able to hold its closely watched gross profit margin from automotive operations at 27.9 per cent, the same as the preceding three months, though it was down 2.5 percentage points from the year...
October 19, 2022
FT Magazine
How Rivian’s CEO became the anti-Elon
...He decided to go to the Massachusetts Institute of Technology in Cambridge to get a masters degree and then a PhD in mechanical engineering at the school’s Sloan Automotive Laboratory....
May 5, 2022
Britishvolt
Monaco shipping group takes stake in battery start-up Britishvolt
...That investment was backed by a £100mn grant from the government’s Automotive Transformation Fund....
May 17, 2022
Industrial metals
Vale strikes nickel supply deal with Tesla
...Boosted by strong demand from the automotive industry, the price of nickel has gained almost 50 per cent this year to $30,000 a tonne....
May 6, 2022
Apple Inc
Half of Apple suppliers operating in China’s lockdown-hit areas
...A version of this article was first published by Nikkei Asia on April 20. ©2022 Nikkei Inc. All rights reserved....
April 28, 2022
Apple Inc
Apple to shift some iPad production to Vietnam amid China supply chain woes
...A version of this article was first published by Nikkei Asia on June 1 2022. ©2022 Nikkei Inc....
June 8, 2022

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