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Tesla’s pay increase for employees revealed in internal documents: report

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Tesla’s pay increase for employees in all of its gigafactories and offices in the US was recently revealed in internal documents. According to internal documents, Tesla increased factory workers’ pay from a minimum of $22 to $39 per hour. Below is a chart from Business Insider depicting each level and region.

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Volvo Group to produce battery modules in Ghent by 2025

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The investment decision to install battery module manufacturing capacity in Ghent is another important step for the Volvo Group to shape its future value chain for battery systems. The battery module manufacturing line in Ghent will be able to use battery cells both from partners and from the planned battery cell plant in Sweden.

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Sweden launches $3.1M study on electric road systems

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Electric Road Systems (ERS) are already being demonstrated on public roads in Sweden. The project will establish an international cooperation and provide a basis for dialogue on future standards and regulations. The project will work closely with ongoing ERS demonstrations in Sweden. Earlier post.)

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Volvo Cars divests its holding in Aurobay to Geely Holding; to be part of new Renault-Geely powertrain company

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Volvo Cars has a strategic direction to become fully electric by 2030 and shape the future of mobility. It also makes Volvo Cars the first car manufacturer to fully exit its participation in the development and manufacturing of internal combustion engines. Earlier post.). The detailed terms of the transaction are not disclosed.

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National Electric Vehicle Sweden halts production while it sorts out financing

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National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. This bridge solution is planned to be realized within a near future, the company said.

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Toshiba ESS and Echandia to explore developing marine fuel cell systems market

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According to the International Maritime Organization (IMO), overall carbon dioxide emissions from shipping increased nearly 10% from 2012–2018, accounting for 2.9% Headquartered in Sweden, Echandia is developing energy storage solutions for maritime electrification in Europe and elsewhere. of global anthropogenic emissions.

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Geely and Renault partner in South Korea to build hybrid and ICE vehicles

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Renault-Samsung Motors (RSM) will manufacture Hybrid Electric and Internal Combustion Engine Vehicles in Busan for the local market and for export. While vehicles will be initially designed for the South Korean market, RSM will allow for their export in the future.