Panasonic bets big on Tesla’s beer can battery to unlock $25,000 EVs

Panasonic Corp. is betting that close to a century of experience making car batteries has prepared it to manufacture a difficult-to-produce next-generation battery championed by Tesla Inc. as the key to unlocking cheaper and more ubiquitous electric vehicles.

Tesla CEO Elon Musk first unveiled the 4680 battery at Tesla’s Battery Day in September as a “massive breakthrough” in cell technology that will make it possible for his company to produce EVs that sell for $25,000, roughly a third less than Tesla’s most basic Model 3. While Tesla plans to make the cells in-house, it has also asked its oldest battery

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British Icon Caterham Cars Acquired By Japanese Automotive Group

With a storied history boasting origins that date back over 60 years, British iconic sports car manufacturer Caterham Cars has been acquired by Japanese automotive group VT Holdings, importer into Japan of the Caterham Seven since 2009.

The change in ownership replaces Malaysia-based AirAsia Group’s CEO Tony Fernandes and its executive chairman Kamarudin Meranun, and was effective from March 31.

In addition to being official importers of Caterham cars into Japan

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Robotic Assistance Devices’ ROSA Proves Its Value in Automotive Applications

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices (RAD) has published a case study featuring RAD’s client Midway Car Rental, the largest independently owned car rental company in Southern California, with 15 locations. This case study summarizes how the deployment of two RAD’s ROSA devices has had an immediate and significant impact on security and safety at the premium auto rental company’s showrooms and lots. Sean Perez, Midway’s General Manager, commented, “We needed to protect our vehicles, but even more importantly, we had to ensure the safety of our employees and clients.”


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Phoenix’s Girl Gang Garage wants more women in automotive trades

At Girl Gang Garage in the middle of the shop, there’s a 1961 Volvo PV544. It’s a funky little car with a curvy, cartoonish design, but it doesn’t look like much of anything right now. It’s stripped down to bare metal in the early stages of a complete restoration.

Jana Warnke is working on smoothing out the surfaces around the passenger side door. She hasn’t done much bodywork like this before, but she’s a former salon owner and nail technician so the filing tools she’s using feel surprisingly familiar.

“If it needs to be smooth, I’ll find a way to

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The next electric-car battery champion could be European

And then there is Elon Musk. Tesla is the biggest EV maker, selling about half-a-million cars last year, and plans to assemble Model Ys and batteries in Germany to juice its European expansion.

Musk’s operations are becoming a magnet for EV suppliers and triggering a local industrial renaissance. That expertise is daunting for competitors, said Isobel Sheldon, chief strategy officer for Britishvolt. “Tesla is the biggest thorn in the side for the European cell-manufacturing base,” she said.

When it comes to the startups, Northvolt — founded by former Tesla executives — is years ahead of rivals.The company has a

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Buyers like Tesla, but not enough to pay double for one car

During the Great Recession, a few desperate automakers offered two cars for the price of one.

That’s a lot better deal than what Tesla gave some recent customers: one car for the price of two.

CNBC spoke with at least five customers who said Tesla not only double charged their bank accounts but also gave them a “frustrating runaround” when they tried to get refunded for the extra amount.

The overcharges ranged from $37,000 for a base Model 3 to $71,000 for a loaded Model Y, CNBC said.

One of the customers said he spent an entire day trying to

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