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The 35 GWh capacity can produce batteries for about 500,000 electric vehicles a year, a source familiar with Tesla’s plans said, meaning that the previously planned expansion would have made the capacity enough for around 770,000 electric vehicles. “Panasonic established a battery production capacity of 35 GWh in Tesla’s Gigafactory 1 by the end of March 2019 in line with growing demand,” Japan-based Panasonic said in an email. “Watching the demand situation, Panasonic will study additional investments over 35 GWh in collaboration with Tesla.”.
Neither company had made public their detailed future development plans for the site, although Panasonic said in October it was in talks to add to its investment and take capacity over the 35 GWh, Tesla slid 2.8 percent on the Nasdaq Thursday, while Panasonic shares rose 2.6 percent in midday Tokyo trade Friday, “Panasonic shares have been dragged down by various Tesla woes,” Masayuki Otani, chief market analyst at Securities Japan, “Turning cautious tiffany knot cufflinks about further investments is good for Panasonic, It helps the company reduce the influence of Tesla.”..
Panasonic is the exclusive battery cell supplier for Tesla, which in turn is Panasonic’s biggest electric vehicle battery client. In February, Tesla said it had agreed to buy U.S. energy storage company Maxwell Technologies Inc, sending shares in Panasonic lower. Tesla Chief Executive Officer Elon Musk also said in November the U.S. company would manufacture all its battery modules and packs at its new Shanghai factory and planned to diversify its sources. The Nikkei report said Panasonic would also suspend its planned investment in Tesla’s new Shanghai plant and would instead provide technical support and a small number of batteries from the Gigafactory.
(Reuters) - Uber Technologies Inc’s initial public offering filing on Thursday contains data that will tiffany knot cufflinks be key to selling itself to investors, The share sale follows a public offering by rival ride-sharing service Lyft Inc last month, whose shares have dropped to about $61 from an IPO price of $72, Here are how the two companies compare on key metrics from Uber’s filing, Uber had $11.3 billion in 2018 vs Lyft $2.2 billion, Uber’s growth has been slowing relative to Lyft due to scandals and aggressive discounting by Lyft..
Lyft’s revenue more than doubled between 2017 and 2018 while Uber’s grew around 42 percent. Uber has lost market share but remains the leader. Uber has 65 percent share in North America while Lyft says it has 39 percent in the United States. Both Uber and Lyft lose money though Uber has trimmed its losses in recent years. Uber’s adjusted loss before interest, taxes, depreciation and amortization was just over $1.8 billion in 2018 compared to $2.6 billion in 2017. Lyft lost $950 million in 2018 on the same basis.
(Reuters) - California energy company PG&E Corp said on Thursday it appointed former state and federal regulator Nora Mead tiffany knot cufflinks Brownell as chair of the company’s board of directors, The company also appointed former U.S, ambassador Jeffrey Bleich as chair of the board of its subsidiary Pacific Gas and Electric Company, Bill Johnson, who was appointed as PG&E’s chief executive earlier in April, will start his role from May 1, the company said, The company faces crushing liabilities related to deadly wildfires in 2017 and 2018 that killed dozens of people and destroyed thousands of homes..
BRUSSELS (Reuters) - Apple, already the subject of EU antitrust scrutiny, on Thursday became the target of a Dutch investigation for allegedly favoring its own apps on its popular App Store. Dutch competition agency ACM suggested the investigation may be expanded to Google’s Play Store in future because of similar business practices by the company. Both services are lucrative money spinners for Apple and Google. The investigation was triggered by Dutch apps for news media which provided indications of possible anti-competitive behavior by the iPhone maker during the agency’s study into app stores, ACM said.
“ACM will investigate, among other aspects, whether Apple tiffany knot cufflinks acted in violation of the prohibition of abuse of dominance, for example, by giving preferential treatment to its own apps,” the Dutch enforcer said in a statement, The investigation will also look into Apple’s requirement that app developers use its payment systems for in-app purchases and pay a 30 percent fee in the first year, and also difficulties app developers face in using all functionalities of an iPhone, “ACM is calling on app providers to come forward if they experience any problems with Apple’s App Store, but also if they experience similar problems with Google’s Play Store, ACM will use that information in its investigation,” the Dutch watchdog said..