[International Express] Tesla plans three-for-one stock split; Toyota's electrification strategy under fire; QuantumScape production chief leaves

Tesla plans to split stock into three

On June 10, Tesla proposed a stock split that would split its stock into three.Tesla shareholders will vote on August 4 on Tesla's proposed stock split.If approved, it would be the company's first such action since the stock split in August 2020.Tesla said the stock split would give its employees "greater flexibility in managing their own equity" and make its stock "more accessible to retail shareholders."

Tesla and Samsung reach deal to supply self-driving cameras

According to the Korea Economic Daily, Samsung has won a contract from Tesla worth about 4 trillion to 5 trillion won ($3.2 billion to $4 billion) to supply Tesla with new cameras.According to sources, in the next few years, Samsung version 4.0 camera modules will be used in all Tesla vehicles.

Solid-state battery startup QuantumScape production chief leaves

Celina Mikolajczak, production director at solid-state battery startup QuantumScape Corp., has left the company due to a “different management style,” according to a regulatory filing.Mikolajczak is a battery industry veteran who worked at Tesla and was president of North American engineering and battery technology at Panasonic Energy.QuantumScape said in the filing that he resigned on June 6.

European pension funds slam Toyota's electrification strategy

Toyota has long opposed a full transition toelectric vehicles, arguing that hybrid vehicles also have a future.However, Toyota's stance has come under fire from European pension funds, which say it can't take a detour in the electrification transition, criticizing Toyota for actually stalling time and potentially derailing the industry's transition to electric vehicles.

Tesla board term may be shortened from three years to two years

Tesla will ask shareholders to vote on whether to reduce board terms from three years to two years.In addition, Tesla's shareholder proposal also includes the right of employees to form a union, as well as programs to prevent sexual harassment and racial discrimination.

Tesla's Fremont factorycar productionhas surpassed the era of GM and Toyota operations

Tesla's Fremont factory was formerly NUMMI, an auto factory jointly operated by GM and Toyota.Tesla says it 'salready producing more cars at the plantthan it did in the days of Toyota and GM operations, and that's just the beginning.Tesla's Fremont factory is already the largest auto plant in North America, but Tesla also plans to increase production at the factory by 50%.

Musk: Tesla will face a very tough quarter

Tesla CEO Elon Musk said in an email that the quarter will be tough for Tesla due to previous supply chain and production challenges in China.Musk therefore encouraged employees to "work hard to come together and restore the company."

Affected by South Korean truckers' strike, Hyundai's factories work overtime to make up for production over the weekend

Hyundai's Ulsan plant was operating at only 50% to 60% of itscapacityon June 9 , and output slightly on June 10, as a nationwide strike by South Korean truck drivers affected auto production, a head of the Hyundai Motor Union said.increase, the plant capacity utilization rate is about 60%.To make up for lost production, Hyundai Motor's Ulsan plant worked overtime over the weekend (June 11).

South Korean trucker strike begins to affect chip deliveries

On June 10, South Korean truckers started a broader and more vigorous strike action, which seriously threatened the transportation of semiconductor raw materials, which in turn will affect the delivery of chips.

POSCO suspends some plants due to strike by South Korean truckers

South Korean steel maker Posco said on June 12 that some of its plants in South Korea would be shut down as a result of a strike by South Korean truckers that blocked traffic, prevented steel products from being loaded into ships, and lacked space to store finished products.A POSCO official said: "Production at some POSCO plants will be interrupted, and it is unclear how long the interruption will last."

The lack of cores this year has cut global production by more than 2 million vehicles

More than 2 million cars have been cancelled globally due to chip shortages so far this year, according to the latest estimates from AutoForecast Solutions (AFS).Just last week, the AFS estimated another 234,200 vehicles were cut globally, bringing the total for the year to 2.23 million.

U.S.

New-vehicle inventories in the U.S. were almost unchanged from the previous month at 1.13 million vehicles in May as supply disruptions and continued strong demand made it difficult to replenish inventories, according to data compiled by Automotive News Research & Data Center and Cox Automotive. day supply.

Jaguar Land Rover denies it will discontinue

Earlier reports that Jaguar Land Rover's plant in Castle Bromwich, UK, had ceased production of the XE and XF sedans in March. Jaguar Land Rover denied this and said it intends to resume production of the two cars in the future. The company will complete the two. existing orders for the sedans and continue to accept new orders for both models.

Renault South Korea plans to launch first electric car in 2026

Stephane Deblaise, chief executive of Renault Korea, said the company will launch its first electric car in South Korea in 2026. Considering that battery prices are likely to drop by then and the Korean eco-car market will reach a certain size, the company believes that 2026 will This is the perfect time to launch an electric car.

General multiple positions no longer require a bachelor's degree, and more focus on skills

Several GM jobs have eliminated the requirement for a bachelor's degree in favor of a skills-based, people-focused hiring process.This strategy is part of GM's mission to be the most inclusive company in the world.

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