Business
Asian battery makers zapped by Tesla’s plans to slash costs – Aljazeera.com
Tesla CEO Elon Musk says company is planning on launching a $25,000 car – its cheapest yet – in about three years.
Tesla Inc.s Elon Musk cast a shadow of uncertainty over the sales prospects of his suppliers in Asia after unveiling a push to lower the cost of batteries for electric vehicles and underscoring the point by signaling that it will eventually start producing its own cells.
Shares of LG Chem Ltd. slid as much as 5.5% in Seoul, while Contemporary Amperex Technology Co. dropped 4.7% in Shenzhen and Panasonic Corp. dropped 4.3% in Tokyo. The worlds three top EV battery makers all supply Tesla, accord…
-
General21 hours agoZac Lomax released by Eels for ‘opportunities outside NRL’, fuelling speculation of R360 switch
-
General19 hours agoIslam Makhachev claims UFC welterweight belt with dominant win over Jack Della Maddalena
-
Noosa News10 hours agoGovernment auditors suspected lab was conducting shonky tests on infrastructure projects
-
Noosa News22 hours agoState government renews national demand for health funding