Cleantech & EV’s

According to a recent revenue report, EV automaker Polestar brought in over $1 billion in revenue in the first half of 2022. That’s nearly 100% growth compared to the first half of 2021, offering further evidence that Polestar is poised to become a major contender in the EV market. Polestar ($PSNY) is a fairly young EV brand that continues to sneak under the radar as a potential heavyweight in…

Tesla’s electric vehicle sales and exports in China have come back up to pre-shutdown levels with 77,000 units delivered in August, according to the latest statistics. The automaker has had a tough year in China due to COVID restrictions leading to factory shutdowns, a lower supply, and climate issues leading to power constrained, but it is looking to catch up during the second half of the…

GM has officially begun Ultium EV battery production in the US as part of its $2.3 billion joint venture with LG Energy Solution. The JV’s 2.8-million square foot facility in Ohio is now assembling battery packs for the GMC Hummer EV, but remains hush on what other EVs in the GM family will receive them. Meanwhile, the American automaker continues to work through disputes as its battery factory…

Tesla has now disclosed that it is lobbying the Canadian government for an accelerated permitting process to build a factory in the country. At the same time, it reportedly scouted factory sites in Quebec and Ontario. We have been reporting on evidence that Tesla has been looking at a potential factory in Canada. In June, Electrek obtained a recording of a companywide meeting held by Tesla CEO…