CATL & Panasonic profits drop due to investments
Competing for the top of the battery value chain comes at a cost as the latest earnings of both CATL and Panasonic show. While China’s cell making powerhouse reports a plus 60% in revenue, their profit fell. Panasonic paints a similar picture and in both cases, investments are weighing heavy – for now.
Lime pitching to rent out small electric cars
The bike sharing business Lime wants to expands their electric fleets to four wheels. A confidential deck for investors obtained by Axiom outlines a fleet of small rental EVs and other services to be added this year. Plus, their e-scooter sharing appears profitable.
Tesla Model 3 found profitable
German engineers “dissected” the Tesla Model 3 and its battery and found that costs for materials and suppliers come down to no more than 18,000 dollars. They also analysed the battery chemistry in detail, coming to exact and similar results, thus concluding Tesla could be making real money from the Model 3.