Tesla announced that it’s found a way to make the cathodes in its electric vehicle batteries without cobalt. it made the announcement during its Battery Day event.
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Asian suppliers' stocks slump on Tesla's aggressive plan to make cheaper batteries
Shares of Asian battery suppliers fell on Wednesday after Tesla Inc unveiled a plan to halve the cost of its electric vehicle batteries and bring more production of the key auto component in-house. The fortunes of battery makers in South Korea, Japan and China are linked to Tesla, the EV market leader
LG Chem, Panasonic Shares Fall After Tesla Unveils Battery Plans
Shares in two battery suppliers to Tesla, South Korea's LG Chem and Japan's Panasonic, fell on Wednesday after the electric car maker unveiled plans to cut costs and produce its own batteries.
Asian suppliers' stocks slump on Tesla's aggressive plan to make cheaper batteries
By Hyunjoo Jin and Yilei Sun SEOUL/SHANGHAI - Shares of Asian battery suppliers fell on Wednesday after Tesla Inc <TSLA.O> outlined a plan to halve the cost of its electric vehicle batteries and bring more production of the key auto component in-house. The fortunes of battery makers in South Korea, Japan and China are linked to Tesla, the EV market leader, as they supply its factories
Tesla's 'Battery Day' is here. This is what to watch out for
Elon Musk has hyped potential battery breakthroughs in recent weeks, and Tesla's "Battery Day" event on Tuesday afternoon may bring announcements that propel the company's hot stock even higher.
Asian suppliers’ shares slip on Tesla’s cheaper battery plan
September 23, 2020By Hyunjoo Jin and Yilei SunSEOUL/SHANGHAI (Reuters) – Shares of Asian battery suppliers fell on Wednesday after Tesla Inc <TSLA.O> outlined a plan to halve the cost of its electric vehicle batteries and bring more production of the key auto component in-house.The fortunes of battery makers in South Korea, Japan and China are linked to Tesla, the EV market leader, as they supply its factories in Nevada and Shanghai. Tesla CE…