Electric Vehicles

Li lost Fisker auction, but will profit from Fisker loan

The Wall Street Journal

Richard Li, the Hong Kong billionaire outbid in the sale of bankrupt Fisker Automotive, still stands to make more than $60 million on the company’s loan he bought at auction from the Energy Department last year, The Wall Street Journal reports.

Musk to personally deliver Teslas in China


Tesla company founder Elon Musk will be on hand to personally deliver some of the first cars the company is selling in China, a process expected to start sometime this month, Bloomberg reports. 

Tesla beefs up its battery protection to satisfy Feds

The New York Times

In order to get the National Highway Traffic Safety Administration to close out an investigation into two of its vehicles being destroyed by fire, Tesla Motors is beefing up the shielding around the lithium-ion battery packs in the Model S, The New York Times reports.


Toyota gas cars get efficient engine from hybrids

TOKYO (AP) — Toyota has developed an efficient gasoline engine using technology fine-tuned with gas-electric hybrids, where the Japanese automaker is an industry leader.

Toyota Motor Corp. said Thursday the engine will be rolled out in 14 models this year and next year.

Tesla moves into business leasing

The Wall Street Journal

Tesla Motors Inc. is developing a "fleet" business model: A new finance arm of the company is offering a leasing program to enable small and medium size businesses to get tax deductions on the electric vehicles, The Wall Street Journal reports.

GM to invest $449M in 2 Detroit-area factories to build Volt

DETROIT (AP) — General Motors says it's investing $449 million in two Detroit-area factories to build the next generation Chevrolet Volt hybrid electric car.

The company says the investment eventually will bring a second shift at the Detroit assembly plant that makes the Volt and other cars. But it wouldn't say how many jobs would be added or when the people would be hired. The plant now employs about 1,600 on a single shift.

DOE looks to revamp vehicle loan program

The Hill

The Energy Department plans to reform its Advanced Technology Vehicles Manufacturing loans program to open it to vehicle component manufacturers and be more responsive to applicant's needs, The Hill reports.

Official: China may expand electric car perks


China Vice Premier Ma Kai suggested the country would eliminate a 10 percent auto-purchase tax on electric and other alternative-fuel vehicles and slow the phase out of subsidies in order to encourage sales, Bloomberg reports.

Daimler acquires lithium-ion battery maker

BERLIN (AP) — Automaker Daimler AG is acquiring the remaining shares in a lithium-ion battery cell maker from specialty chemical company Evonik Industries AG as it intensifies its focus on electric cars.

The German companies said in a statement Tuesday that in addition to acquiring Evonik's 50.1-percent stake in Li-Tec Battery GmbH, Daimler will also buy Evonik's 10-percent share in their Deutsche ACCUmotive GmbH & Co. KG battery partnership. Daimler is now sole owner of both companies.

Tesla's GM in China departs


Kingston Chang, the General Manager for Tesla Motors' operation in China, has left the company after about a year in the post, Bloomberg reports, noting that the move comes not long after Tesla CEO Elon Musk announced his intention to expand operations there.


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