Tag: Electric Drive Units

Mitsubishi Electric Hands Half Its Car Business to Foxconn in a ¥115 Billion EV Motor Bet

Hon Hai (Foxconn) will buy 50% of Mitsubishi Electric Mobility for ¥115 billion, creating a joint venture to build EV electric drive units fast enough to take on China.
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Ship 42 Aces Its Static Fires: Starship Flight 15 Is Cleared on the Stand as Florida Goes Quiet for Starship

SpaceX says Ship 42 finished a full six-engine static fire and a single-engine deorbit-burn test, so both Flight 15 stages are done on the stand ahead of a two-stage catch attempt. Florida, meanwhile, pauses Falcon 9 for six weeks to get Pad 39A ready for Starship.

Tesla Is ‘Officially Coming’ to Vietnam, and Its First Five Job Ads Include One Very Busy Charging Hire

Tesla's Asia Pacific recruiter says the company is "officially coming to Vietnam" and has posted five local jobs: sales, service, HR, purchasing and a charging developer expected to juggle 20-plus sites. No launch date, models or prices yet.

Stock Watch: Enphase Craters 16%, Tesla Slips Off $407, Tokyo Chips Keep Climbing

Enphase plunged 16.03% after its miss and soft guide hit the regular session, Tesla gave back 0.80% to $404.22, and Renesas led Tokyo with a 7.47% jump as the Nikkei added 686 points.

China’s NEV Retail Sales Fall 13% in Oct. 1-25 as Factories Keep Shipping

CPCA data shows China's NEV retail sales at 753,000 for Oct. 1-25, down 13% year over year, while wholesale rose 3% to 1.008 million. Overall car retail fell 26%, keeping the NEV share at 65.7%, and inventory pressure is building.

Xpeng’s Iron Humanoid Gets Its Solid-State Batteries Before It Gets a Production Start

Xpeng VP Gu Jie says solid-state batteries designed for the Iron humanoid robot have entered small-batch production, while Iron itself is still pre-SOP. Mass production is targeted for the end of 2026, with Xpeng stores first in 2027.