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Spanish registrations plunge in July as buyers turn to used-car market
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Spain will invest $5B in electric vehicle production
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VW Group s Cupra brand counts on performance for Born EV
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LG hopes to make advanced battery cells for Tesla in U.S. or Europe, report says
Korean company hopes to supply Tesla with 4680 large-format cylindrical cells but faces technology challenges
Reuters
Tesla s European factory is due to open in the summer in Gruenheide near Berlin.
LG Energy Solution aims to build advanced battery cells for Tesla electric vehicles in 2023 and is considering potential production sites in the United States and Europe, two people familiar with the matter told Reuters.
Tesla has not yet agreed to a deal that would expand LG s role in its supply chain beyond China, one of the sources said.
VW s Seat cuts production on microchip shortages
Production of the Leon at Seat s factory in Martorell, Spain.
Volkswagen Group s Seat unit will cut production at its Spanish factory in Martorell, near Barcelona, because of a shortage of microchips.
A production line that builds the Seat Leon and Cupra Leon compact cars, and the Cupra Formentor crossover, will work on two shifts per day instead of the current three from Jan. 25 until April, Seat said in an emailed statement on Wednesday.
This will reduce the number of vehicles produced per day to 600 from 900, with a loss of 18,000 units over the period, according to the Spanish business daily