June 2022

Toyota energy storage, Mercedes EQB details, Ford CEO on EV shakeout: Today’s Car News

Mercedes puts a price on its EQB electric SUV. Toyota gets in the home energy storage business—albeit only in Japan, for now. And Ford’s CEO sees EVs as the spark for a big industry consolidation. This and more, here at Green Car Reports. Is the auto industry headed for a big shakeout, and a price

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Ford CEO anticipates EV price war, shakeout to favor China, and industry consolidation

Ford CEO Jim Farley sees the automotive industry “headed to a huge price war,” with the idea of “democratized EVs” coming soon. The comments were made within a conversation with analyst Toni Sacconaghi, as part of Bernstein’s 38th Annual Strategic Decisions Conference held earlier this week. In it, Farley took a few… Source: Green Car

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Elon Musk says Tesla will reduce salaried headcount by 10%, while increasing hourly employees

After Tesla CEO Elon Musk reportedly sent an email to company executives stating the automaker may reduce its employee headcount by 10 percent due to a “super bad feeling” about the economy, he sent another email to all employees confirming the company is “overstaffed in many areas.” “Tesla will be reducing salaried headcount by 10%,

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Toyota’s Powerwall alternative is designed to work with solar, plug-in hybrids

Toyota on Thursday unveiled a home battery energy storage system similar in concept to Tesla’s Powerwall. The automaker has started pre-orders for its O-Uchi Kyuden System in Japan, with sales expected to begin in August through home builders and general construction companies, a Toyota press release said. The system has a storage capacity of 8.7…

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Tesla reportedly set to drop 10% of its employees, Musk has ‘super bad feeling’ about economy

Tesla is reportedly going to cut its employee headcount by 10 percent, according to a new report from Reuters, CEO Elon Musk said in an email to executives. Musk reportedly has a “super bad feeling” about the economy, which could bring on a layoff of nearly 10,000 employees worldwide catalyzed by risky economic conditions, along with

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Rhombus Energy Solutions to use Wolfspeed’s silicon carbide devices

Rhombus Energy Solutions, a provider of EV charging and power conversion technology, has announced that Wolfspeed (NYSE: WOLF) will supply its EV2flex line of charging products with silicon carbide MOSFETs, improving the products’ efficiency, power density and charging times. Wolfspeed’s 1,200 V silicon carbide MOSFETs will power Rhombus’s new EV2flex-120 charging infrastructure. Rhombus’s EV2flex charging

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