Tag: united states
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Tesla’s new China-made Model 3 opens for pre-order with a 13% price cut
Tesla’s big bet on China-based production is critical to a brand new effort to lure Chinese consumers with cheaper costs. Now the U.S. firm revealed that its incoming Model 3, which will be created in China, will market out of 328,000 RMB — which ’s around $47,500 plus some 13 percent more affordable than its…
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Part fund, part accelerator, Contrary Capital invests in student entrepreneurs
First Round Capital has both the Dorm Room Fund and the Graduate Fund. General Catalyst has Rough Draft Ventures. And Prototype Capital and a few other micro-funds focus on investing in student founders, but overall, there’s a shortage of capital set aside for entrepreneurs still making their way through school. Contrary Capital, a soon-to-be San…
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Volvo inks multi-billion dollar battery supply agreements with LG Chem and CATL for EVs
Volvo Car Group has inked a massive multi-billion dollar supply handle the Chinese battery maker CATL and Korea’s LG Chem to provide its planned fleet of electric vehicles. The lithium ion batteries from both suppliers will power the development of Volvo Cars’ electrification plan for its own brand and the company’s Polestar joint venture with…
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Volvo inks multi-billion dollar battery deals with LG Chem and CATL for EVs
Volvo Car Group has inked a enormous multi-billion dollar supply handle the Chinese battery manufacturer, CATL, and Korea’s LG Chem to provide its planned fleet of electric vehicles. The lithium ion batteries from both providers will power the development of Volvo Cars’ electrification strategy for its own brand and the company’s Polestar joint venture with…
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Judge to SEC and Elon Musk: Put your ‘reasonableness pants on and work this out’
Tesla, Elon Musk and the U.S. Securities and Exchange Commission have two weeks to work out their differences and come to a new resolution, a U.S. judge said Thursday at the conclusion of a hearing held to determine whether the automaker’s CEO should be held in contempt for his Twitter use. The SEC had asked…
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Inboard opens general availability of its premium electric scooter
Inboard, the startup that sells a range of electric scooters and skateboardsand has just opened sales of its very first premium scooter — just in time for your holiday season. The company has sold 285 of those scooters at a, with 80 percent of those orders coming from the United States and 35 percent coming…
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Los Angeles investors and entrepreneurs launch PledgeLA, a diversity and inclusion program
In an effort to improve diversity and inclusion efforts and civic participation between the growing technology industry in Los Angeles along with the community which surrounds it, over 80 venture capitalists and entrepreneurs joined the city’s mayor, Eric Garcetti, along with also the non-profit Annenberg Foundation to announce PledgeLA. The initiative is 1 way where…
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Tech stocks (and the stock market) are tanking thanks to rising interest rates
Tech stocks cautioned amid a stock market slide as nervous investors worried that the 10-year bull run in stocks may be coming to an end. The S&P 500 fell 3.3 percent while Nasdaq composite index (that is the marketplace where a lot of the biggest U.S. tech businesses are traded) dropped 4% of its value,…