Cleantech & EV'sNews

Tesla (TSLA) has lost over $500 million from its Bitcoin investment amid crypto winter

Tesla (TSLA) has lost over $500 million in value from its Bitcoin investment amid what people are now calling a “crypto winter.” Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles. However, a few days later, Tesla took a step back with crypto by removing the Bitcoin payment option. The company…
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Cleantech & EV'sNews

BMW is testing iX electric SUV with 600 miles of range thanks to new battery chemistry

BMW is going to be testing an iX electric SUV with 600 miles (965 km) of range enabled by a new battery chemistry from Our Next Energy (ONE). We previously reported on ONE when it did something similar with a Tesla Model S – replacing its battery pack and claiming to achieve 752 miles of range with it. At the time, we were cautiously skeptical since ONE didn’t release any detail about the…
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Cleantech & EV'sNews

Polestar 5 prototype to debut at Goodwood Festival of Speed next week

At this year’s Goodwood Festival of Speed in England, Polestar will showcase multiple EVs, including a prototype of its upcoming Polestar 5 sports sedan. Joining it will be the original Precept concept that inspired the Polestar 5 as well as a limited-edition Polestar 2. Polestar is a Swedish premium EV brand launched in 2017 that currently has two electrified models on the market – the…
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Cleantech & EV'sNews

LG invests $450 million in producing Tesla’s 4680 battery cell format

LG announced that it is investing $450 million into producing 4680 battery cells, a format pioneered by Tesla. While the Korean battery manufacturer didn’t confirm that the new cells will be for Tesla, it is extremely likely. When Tesla unveiled its plan to produce its own new tabless battery cell in a bigger format with a new chemistry, the automaker claimed to have solved some major issues…
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