Daily Archive: September 10, 2024

EU might lower tariffs on Tesla, Chinese EVs

2024 Tesla Model 3 PerformanceThe European Union will lower proposed tariffs on electric vehicles from Tesla and certain Chinese automakers after hearing comments submitted by the automakers, Reuters reported Tuesday. Citing an anonymous source familiar with the matter, Reuters reported that the proposed tariff for Tesla EVs will drop from 9% to 7.8%, while the tariff for...

Northvolt cutting costs, undergoing strategic review

Volvo and Northvolt partner on battery development and productionSwedish battery maker Northvolt is undertaking a strategic review that could lead to job losses as the company aims to cut costs and scale back ambitious expansion plans, Reuters reported Monday. "No final decisions have been made on the precise nature of any (workforce) resizing," Northvolt said in a statement to Reuters. The company has decided...