Toyota BZ3 powered by BYD launches in China, receives 5,000 orders on first day

By Maria Merano Posted on April 18, 2023 Toyota launched the all-electric BZ3 sedan in China over the weekend. The legacy automaker reported receiving 5,000 orders for its BZ3 sedan during its launch day, hinting at the demand for the vehicle.  The Toyota BZ3 uses BYD’s blade-shaped batteries and motor powertrain. The electric mid-sized sedan …

Tesla deal resulted in $800 million fortune for cathode supplier

By Simon Alvarez Posted on April 18, 2023 There is no denying that Tesla has created a substantial amount of wealth worldwide, both for its investors and its suppliers. This was particularly true for the family behind L&F Co., a producer of high-nickel cathodes, as they saw their fortune rise by $800 million due in …

Tesla battery supplier Panasonic teases new U.S. facility to help with EV demand

By Joey Klender Posted on April 17, 2023 Tesla battery supplier Panasonic has teased a new battery production facility in the United States that would help with the increasing demand for electric vehicles. The new Panasonic plant could be built in Oklahoma, the company said in a statement to Reuters. The battery maker has already entered …