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Volvo seals twin battery supply deal to ramp Tesla competitors like the Polestar 2
Volvo has signed a multi-billion dollar supply deal with two major battery manufacturers in an effort to ramp its electric vehicle transition efforts.
The Swedish luxury vehicle company has contracted with China-based CATL (Contemporary Amperex Technology Co Ltd) and LG Chem in Korea to supply the lithium-ion batteries for its upcoming electric vehicle (EV) fleets under both its own brand and under its Polestar joint venture with Geely. Volvo expects 50% of its global sales volume to comprise electric vehicles by 2025, and this latest deal is a nod towards that bigger picture.
LG Chem already supplies batteries to most of the world’s largest car brands, including Volkswagen, Mercedes, and Renault, and it plans to increase its current production capacity to 100 GWh per year by 2020 in order to meet the growing demand driven by EV developments. CATL, on the other hand, is already China’s biggest EV battery manufacturer and its newest factory is aiming for a 25 GWh per year production capacity. In contrast, Tesla’s Gigafactory 1 in Sparks, Nevada has already reached 35 GWh capacity with its Japanese battery supply partner Panasonic, albeit that level is still theoretical. The actual output is around 24 GWh annually.
Tesla’s relationship with Panasonic is different than the traditional supplier relationship other car makers have with their battery manufacturers, namely in that they are partners. This way, Tesla has a reliable supply of batteries to manufacture its vehicles, and Panasonic has a guaranteed buyer. When battery supply and the car production rates are matched, both companies experience a win-win situation, and they can work together effectively to ensure that best outcome for both parties. Panasonic currently produces the 18650 battery cells used in the Model S and Model X and the 21700 cells utilized in the Model 3.
Volvo’s decision to transform Polestar into a high-performance, stand-alone brand came in 2017, and the launch of the all-electric Polestar 2 fastback in February this year officially put the company in the running as a direct Tesla Model 3 competitor. The Polestar 2 is equipped with dual motors which produce over 400 hp and power the car from 0-60 mph in under 5 seconds. However, this doesn’t quite match up to the Model 3 Performance’s 450 hp and 0-60 time of 3.2 seconds at the same price point – both cars are offered for around $60,000.
Tesla’s battery ranges also increased significantly for all new vehicles since the Polestar 2 unveiling, which means more innovation in battery efficiency will be in order if Volvo and Geely truly want to compete against the Model 3. Polestar’s 78 kWh battery is estimated to have a 275 mile range while the Model 3 Performance is rated for 310 miles of range. That particular variation might not be where Polestar has the most competition, though. The Model 3 Long Range keeps the 310 mile range, has a 0-60 mph time of 4.4 seconds, and has a price point of about $50,000, all stats which outperform Polestar 2’s announced capabilities for a much lower cost to consumers.
Overall, however, Volvo’s new deal with LG Chem and CATL indicates that the company is serious about electrifying its fleet, and competition is good for innovation all around. Polestar 2 is set to begin production in 2020.
Elon Musk
Elon Musk’s Boring Company has big plans for Las Vegas by year’s end
Elon Musk’s Boring Company says Vegas Loop stations will double by year end once again.
The Boring Company says the Vegas Loop’s station count will double by the end of the year, tying the target to a hiring push for drivers and operations managers in Las Vegas. “Vegas Loop is getting bigger – the station count will double by end of year!” the company wrote in a post on X, attaching listings for a Loop driver and a senior Loop operations manager.
The number checks out against what’s already public, with the Vegas Loop currently running 14 operational stations, while the Boring Company’s own project page lists 28 as the target for the end of 2026.
Vegas Loop is getting bigger – the station count will double by end of year!
Urgently hiring exceptional and enthusiastic Drivers and Ops Managers.
Apply here!
Driverhttps://t.co/ZUPXBYTONb
Senior Loop Ops Managerhttps://t.co/mV6V22V8jH pic.twitter.com/IZ9FqIw8WY
— The Boring Company (@boringcompany) September 14, 2026
Much of that growth is tied to tunnels that are already built and waiting on an opening date. A roughly two-mile dual tunnel system under Paradise Road, connecting Westgate to a planned station at 4744 Paradise Road, is expected to open in stages over the coming weeks, Las Vegas Convention and Visitors Authority chief executive Steve Hill told the Review-Journal last week. New stations at 4744 Paradise, Virgin Hotels Las Vegas, and the former Gordon Biersch site would come online with it, several of them built to speed up rides to Harry Reid International Airport ahead of Formula 1’s Las Vegas Grand Prix.
Clark County entitled Vegas Loop for 123 stations after approving 19 more in August, as Teslarati reported at the time. Entitlement and construction move at different speeds on this project, so county approval alone does not guarantee a station opens on any particular schedule.
Clark County approved 18 additional stations back in 2023, part of a plan that pushed the system’s target to 69 stations across 65 miles, doubling the network on paper for the first time. The target kept climbing after that, to roughly 93 stations by the end of that year and 104 by last year, before August’s vote pushed it to 123. This week’s announcement is the first time that doubling language has been attached to stations actually running rather than stations merely approved on a county map.
Ridership gives some sense of what a denser network could carry. Boring Company executive Mike Baier said in July that the Vegas Loop already moves around 40,000 passengers on busy convention days, a total that tops most light rail systems in the country despite the system running on a fraction of its planned tunnel mileage. Company leadership has projected ridership could triple or quadruple once the airport connector tunnels fully open.
Boring Company did not say which stations beyond those already under construction would open by year end, or whether the hiring push points to a fleet expansion alongside the new stops.
Tesla is looking to expand into a new Asian market, strengthening its presence in a region that has been bullish on electric vehicles as a whole.
Tesla officially filed to establish a subsidiary of its business in Vietnam, a report from Reuters suggests. Tesla named the entity “Tesla Motors Vietnam Limited Liability Company.”
The planned entrance into the Vietnamese market is a good sign and move for Tesla, as it has become one of the fastest-growing EV markets in Southeast Asia. It is already among the leaders in the region in both volume and electrification rate. In the first half of this year, Vietnam led Southeast Asia in battery-electric passenger car sales at about 116,000 units, up about 71 percent year over year.
Currently, Vietnamese EV drivers rely on VinFast’s V-Green network, which has about 150,000 ports, but these are primarily reserved for VinFast vehicles. Public third-party charging is fragmented and unreliable for those who do not own chargers that are dedicated to a certain manufacturer’s vehicles.
Tesla has had mixed results in Asia as a whole, and as China remains the core part of its story in Asia, the company is evidently working on expanding its footprint on the continent. Tesla’s domestic retail deliveries fell about 12 percent year over year through the first eight months of 2026.
Model Y remains a standout individual product, holding its position as one of, if not the, best-selling vehicles in the world. However, Model 3 has been weaker than it has been in past years.
Gigafactory Shanghai, the company’s Chinese production facility, still performs very well. Wholesale volumes in terms of exports have more than doubled and now exceed domestic retail sales; Giga Shanghai builds vehicles for Europe, South Korea, Japan, Australia, and other markets. South Korea has been an explicit bright spot, with registrations doubling year-to-date and Tesla frequently appearing as the top imported brand.
Tesla just did something in South Korea that no foreign carmaker has ever done
Tesla’s entrance into Vietnam signals a broader effort to take over the Asian market and grab more market share from rivals.
Elon Musk
Elon Musk’s companies made up with Apple but OpenAI still on the hook
Elon Musk’s X Corp and SpaceXAI dropped their Apple antitrust suit, leaving OpenAI as defendant.
X Corp and SpaceXAI, Elon Musk’s social platform and AI venture, have dropped Apple from the antitrust lawsuit that they filed against the iPhone maker and OpenAI last year. In a filing in the U.S. District Court for the Northern District of Texas, attorneys for X and SpaceXAI moved to dismiss the Apple portion of the case, first reported by Reuters. The filing does not explain why the companies are dropping Apple or say whether a settlement was reached.
X and SpaceXAI say they intend to keep pursuing the case against OpenAI, which remains a defendant. That resolves the dispute with one company while leaving the core allegation intact against the other, with no public accounting of what changed in between.
The lawsuit dates to August 2025, when xAI and X sued Apple and OpenAI, arguing that Apple’s decision to make ChatGPT the only generative AI chatbot built into iOS gave OpenAI an unfair structural advantage. The complaint claimed ChatGPT controlled roughly 80 percent of the chatbot market at the time, while Grok held only a few percent. It sought billions of dollars in damages and asked the court to unwind the arrangement.
Elon Musk’s xAI and X file antitrust suit against Apple and OpenAI over AI exclusivity
The filing followed weeks of Musk publicly complaining that Grok and X weren’t appearing in Apple’s “Must Have” App Store section, though Grok ranked second in the Productivity category and X ranked first in News at the time. He accused Apple of “playing politics” and warned of immediate legal action before following through days later.
Apple and OpenAI tried to get the case thrown out, but a federal judge denied both motions in November, ruling the dispute was better suited to summary judgment than an early dismissal. That decision sent the case into discovery, which is presumably what led to Monday’s filing.
Hey @Apple App Store, why do you refuse to put either 𝕏 or Grok in your “Must Have” section when 𝕏 is the #1 news app in the world and Grok is #5 among all apps?
Are you playing politics? What gives? Inquiring minds want to know. https://t.co/3wenLZGtwG
— Elon Musk (@elonmusk) August 11, 2025
The timing is notable given how Musk’s sentiment toward Apple has shifted, with Musk noting that he was open to letting Grok power a revamped Siri after a user suggested Apple replace its aging assistant with xAI’s model.
xAI, the AI venture Musk folded into X Corp last year, has since combined with SpaceX under the SpaceXAI brand. That structure now puts X, Grok and SpaceX’s rocket and satellite businesses under one roof as Musk pushes his AI ambitions beyond chatbots.
OpenAI remains the sole defendant going forward, and Musk’s companies have not said if there’s any changes to those original claims. Apple and OpenAI did not immediately respond to requests for comment on the filing.
Elon Musk’s Boring Company has big plans for Las Vegas by year’s end
Tesla looks to expand into new Asian market, strengthening presence
