Tesla Inc has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries. To simplify its offerings, the automaker on Tuesday limited variants of its Model X sport-utility vehicle and Model S sedan to "Long Range" and the more expensive "Performance". It also trimmed the price of its now entry-level Long Range variants.
SEOUL/DETROIT (Reuters) - South Korean electric vehicle (EV) battery maker LG Chem is considering building a second U.S. factory, three people familiar with the matter said, accelerating a race to add capacity to meet growing global demand for green vehicles. LG Chem, one of the leading EV battery makers in the world that counts General Motors and Volkswagen among its customers, is weighing investing about 2 trillion won ($1.70 billion) in the plant that could begin production in 2022, one of t
Volkswagen will create joint ventures and help finance battery production to persuade sceptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan Sommer told Reuters. VW has said it will buy 50 billion euros (£44.8 billion) worth of battery cells and has identified Sweden's Northvolt, South Korea's SKI , LG Chem and Samsung SDI as well as China's CATL as strategic partners. "Not every