22 Articles
Dec 11, 2019 Report
Tesla wants to produce 500,000 cars per year at German plant

The electric car company will also raise imported Model 3 prices in China

Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany's Bild newspaper reported on Wednesday. Last month, Tesla Chief Executive Elon Musk announced that a site in Gruenheide, Brandenburg, had been chosen to build Tesla Model 3 and Model Y vehicles. German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros (£3.44 billion) in the plant.

Reuters
Dec 11, 2019 Official
Nio EV startup lays off 141 employees in U.S., with more to come

Stock price has fallen 78% this year as it suffered a big recall

Electric vehicle startup Nio is laying off 141 people at its North American headquarters. According to a filing from Employment Development Department of California, the employees at its San Jose office received notice on December 6. Nio, whose global headquarters are in Shanghai, announced last month that it is partnering with Intel’s Mobileye to develop autonomous vehicles for consumers.

Reuters
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