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Apple iCar: Imagining What The Tech Giant s Foray Into The Automotive World Could Be Like

Apple is actively working on an autonomous and electric iCar, but everything else is a mystery, one we'll try to decipher.

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Apple CEO Tim Cook Says Automonous Cars Are Robots, Many Things Can Be Done With The Tech

Apple CEO Tim Cook Says Automonous Cars Are Robots, Many Things Can Be Done With The Tech
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Tesla Is Preparing To Enter The Indian Market In 2021

The Indian government announced back in September that they plan to offer $4.6 billion in incentives by 2030 to companies in order to establish EV battery manufacturing facilities in the country. Just 3,400 EVs were sold locally during 2019, compared to 1.7 million ICE-powered passenger cars. The first Tesla to become available in India will be the Model 3, the company’s most affordable vehicle, with prices starting at over $74,000 (5.5 million Indian rupees), almost double of what a base 2021 Model 3 costs in the USA. Tesla, which recently joined the S&P 500 index, saw its shares increasing in value by over 650 percent in 2020, giving it a market evaluation of over $600 billion. This means the EV maker is more valuable than the nine largest automakers combined and makes Must the second richest person on Earth behind only Amazon’s Jeff Bezos.

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Tesla Signs 5-Year Deal With Chinese Lithium Supplier Yahua

Even though Tesla already sources its lithium (a key ingredient in EV batteries) from China’s Gangfeng Lithium, the U.S. carmaker has reportedly signed a 5-year deal with Yahua Industrial Group, another Chinese lithium supplier. Yahua, which is based in China’s Sichuan province, will now deliver battery-grade lithium hydroxide to Tesla starting in 2021 and through 2025. The total value of the contract is said to be $630-880 million, reports Reuters. Tesla, which started delivering cars from its gigafactory in Shanghai just last December, has yet to comment on the deal. Earlier this year in May, Yahua opened up a 20,000 tonnes/year lithium hydroxide plant, in turn more than doubling its previous capacity – despite the coronavirus pandemic affecting global lithium demand.

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