At first glance, all seems serene on a spring morning at the research-and-development campus of SK Innovation, one of Korea’s biggest industrial conglomerates. The campus sits in Daejeon, a tidy, planned city an hour’s high-speed-train ride south of Seoul that the national government has built up as a technology hub. Dotting SK’s rolling acres are […]
It is tempting to employ any number of puns when considering California’s transportation future: The state is at a crossroads, its policies could run out of gas, dangerous curves lie ahead. But keeping in mind that the state’s climate policies demand the wholesale electrification of transportation, here’s another: California must reinvent not only the wheel, […]
Stopping climate change, warned the world’s top climate scientists last year, will require “rapid, far-reaching and unprecedented changes in all aspects of society.” One of those aspects is transportation, and the necessary change, while far-reaching and unprecedented, is also pretty straightforward: Everything has to be electrified. The transportation sector is the world’s second-largest source of […]
The U.S. government moved Thursday toward allowing new oil and gas drilling on wide swaths of federal land in California that has been off-limits since environmentalists sued in 2013. The Bureau of Land Management issued final plans for oil and gas leases on about 800,000 acres (323,755 hectares) in Central California. That comes less than […]
Germany’s worst industrial scandal in recent memory arrived when auto companies fiddled with emissions tests to make diesel cars seem greener than they are. Now a new study suggests that electric cars touted as a diesel alternative also aren’t so great for the environment. A study this month by the IFO think tank in Munich […]
Investors who bet on the rapid growth of electric vehicles in China are getting a shock. Umicore , UMICY -0.83% a big player in the electric-vehicle supply chain, issued a profit warning Tuesday, sending its stock down 15%. The Chinese government cut subsidies for electric vehicles by more than expected last month, and Umicore is […]
Tesla Inc. cut the price of its mass-market Model 3 sedan for the second time this year, another step in Chief Executive Elon Musk’s quest to drive the sticker price—not counting tax credits and fuel savings—down to $35,000. The Silicon Valley auto maker shaved another $1,100 off the cheapest version of the Model 3, lowering […]
California policymakers are committed to making sure that electric vehicles — and the charging stations and other infrastructure needs associated with them — transform the state’s transportation sector. But it won’t come cheaply. A review conducted by the San Diego Union-Tribune showed various state agencies have committed $2.46 billion in public funds — some of […]
The 12th annual Verdexchange Conference kicked off in Los Angeles this week with a discussion on how the recent election results will boost environmental politics and the green economy in California. But in the tradition of the old Rodney Dangerfield joke that, “I went to a fight the other night and a hockey game broke […]
The lowest priced Model S will now cost $85,000 with software limiting the range of the battery to 310 miles per full charge, while the Model X will start at $88,000 with a range of 270 miles. The “extended range,” “performance” and “performance with ludicrous mode” versions will range from $93,000 to $137,000.
Tesla needs more cash. To help keep what it’s got from flying out the door, Chief Executive Elon Musk on Wednesday announced the end of a customer referral program that offers free Supercharging to new buyers. “It’s adding too much cost to the cars, especially the Model 3,” Musk said in a tweet late Wednesday. […]
Tesla Inc.plans to eliminate 7% of its full-time workforce, the auto maker’s second round of job cuts in a year as it tries to maintain profitability while lowering the price of its Model 3 sedan. The maker of electric vehicles has been jacking up production of the Model 3 while chasing its long-held dream of […]
On Sunday, the eve of the Detroit auto show, GM unveiled early images of its first electric Cadillac. The company said Friday that its storied luxury brand would launch the first vehicle on its third-generation EV production system. Previous projects, the Volt plug-in hybrid and the Bolt battery car, have taken the Chevrolet badge. GM […]
Swiss mining giant Glencore provided nearly $1 billion in loans and advances to companies associated with an Israeli businessman accused of having corrupt ties to government officials in the Democratic Republic of Congo, according to documents reviewed by The Wall Street Journal. The loans, made over a roughly 10-year period starting in 2007, were designed […]
Democratic Republic of Congo opposition leader Martin Fayulu said Friday he will challenge the official election result at the country’s constitutional court, as one of his campaign aides claimed his candidate had won in a landslide. Preliminary results announced early Thursday by Congo’s electoral commission said another opposition leader, Felix Tshisekedi, had come first in […]