

News
Volkswagen-backed battery company Northvolt announces $1.1B expansion
Northvolt, a Swedish battery manufacturer for BMW Group, VW Group, Volvo Cars, Fluence Energy, and Scania Trucks has announced that it has completed a $1.1 billion investment and borrowing round to help expand its manufacturing capabilities.
In a press release published today, Northvolt detailed the $1.1 billion investment and borrowing round that will allow the company to expand its manufacturing and recycling capabilities to meet $55 billion worth of orders from the BMW Group, VW Group, Volvo Cars, Fluence Energy, and Scania Trucks. The list of investors includes the likes of VW Group, Goldman Sachs, the IMAS Foundation (owners of the majority of IKEA stores), and many more.
This round of investment adds to Northvolt’s $8 billion in investment already accumulated since 2017. It also follows shortly after the company manufactured its first battery at the end of 2021 and shipped its first delivery in the spring of this year.
Northvolt currently has multiple facilities helping it meet its current backlog of orders. The company has been in a near-constant expansion since its inception to keep up with demand. Northvolt has several manufacturing plants; one in Sweden, one in Germany, and one in partnership with Volvo Cars in Sweden. The company also has a research center in Sweden and a corporate headquarters in Stockholm.
The company has not only expanded its footprint, but it has been hiring manpower to keep up with demand. The company claims that it has been hiring roughly 150 people each month since 2021 and plans on continuing into this year.
Northvolt differentiates itself, not only through unique battery chemistries and research but also through its dedication to sustainability. The company claims that by 2030, 50% of its raw material needs will be sourced from recycled batteries, all while fueling its production facilities with nearby hydroelectric power. These sustainable goals not only make Northvolt a greener company, but it also allows costs to be kept down.
It is unclear how many batteries Northvolt’s clients have ordered or when the company will be able to fulfill the first orders made by some of its own investors. However, its current success in expansion and manufacturing are reasons to be hopeful for more sustainable batteries in the future.
What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!
News
Ukraine completes first Starlink direct-to-cell test in Eastern Europe
The trial was announced by the Ministry of Digital Transformation and Kyivstar’s parent company Veon, in a press release.

Ukraine’s largest mobile operator, Kyivstar, has completed its first test of Starlink’s Direct to Cell satellite technology, enabling text messages to be sent directly from 4G smartphones without extra hardware.
The trial was announced by the Ministry of Digital Transformation and Kyivstar’s parent company Veon in a press release.
First Eastern Europe field test
The Zhytomyr region hosted the pilot, where Deputy Prime Minister Mykhailo Fedorov and Kyivstar CEO Oleksandr Komarov exchanged texts and even made a brief video call via Starlink’s satellite link in northern Ukraine’s Zhytomyr region.
Veon stated that the test marked Eastern Europe’s first field trial of the technology, which will allow Kyivstar’s 23 million subscribers to stay connected in areas without cellular coverage. The service will debut in fall 2025 with free text messaging during its testing phase.
“Our partnership with Starlink integrates terrestrial networks with satellite platforms, ensuring that nothing stands between our customers and connectivity – not power outages, deserts, mountains, floods, earthquakes, or even landmines,” Veon CEO Kaan Terzioglu stated.
Starlink in Ukraine
Kyivstar signed its Direct to Cell agreement with Starlink in December 2024, about a year after a major cyberattack disrupted service and caused nearly $100 million in damages, as noted in a report from the Kyiv Independent. Starlink technology has been a pivotal part of Ukraine’s defense against Russia in the ongoing conflict.
“Despite all the challenges of wartime, we continue to develop innovative solutions, because reliable communication under any circumstances and in any location is one of our key priorities. Therefore, this Kyivstar project is an example of effective partnership between the state, business, and technology companies, which opens the way to the future of communication without borders,” Mykhailo Fedorov, First Deputy Prime Minister of Ukraine, said.
News
Tesla Model Y L spotted seemingly en route to showroom in China
It appears that Tesla has started shipping out some initial Model Y L units to select stores across China.

Tesla China definitely seems to be following an accelerated schedule in the well-speculated rollout of the Model Y L, the extended wheelbase, six-seat variant of the electric vehicle maker’s best-selling crossover.
Based on images that have been recently shared online, it appears that Tesla China has started shipping out some initial Model Y L units to select stores across the country.
Recent sighting
Last week, reports emerged suggesting that Giga Shanghai has started the production of the Model Y L. While the progress of the Model Y L’s rollout seems extremely quick, there have been notable signs that the electric car maker is indeed preparing for the rollout of the upcoming vehicle. The Model Y L, for example, was listed in the China Ministry of Industry and Information Technology’s (MIIT) latest batch of new energy vehicle models that are eligible for vehicle purchase tax exemptions.
Less than a week after these reports, Tesla watchers from China have shared photos of a mysterious vehicle being transported to a Tesla showroom in Jiangsu. The vehicle in the images was wrapped from bumper to bumper, though one could see that it is quite a bit longer than the other Model Y being transported in the same truck. Interestingly enough, the covered Model Y unit also seemed to be equipped with different front seats than standard Model Ys.
What to expect from the Model Y L
The MIIT’s listing for the Model Y have provided a pretty good teaser on what to expect from the extended wheelbase version of Tesla’s best-selling crossover. As per the MIIT’s list, the Model Y L will feature a 82.0-kWh lithium-ion battery from LG Energy Solution, which should give the vehicle a CLTC range of 751 km. The Model Y L is also expected to add roughly 178 mm (7 inches) to the overall length of the standard Model Y, with 152 mm (6 inches) being dedicated to stretching the wheelbase.
Initial images from the MIIT’s list also suggest that the Model Y L will feature a dedicated badge with an afterimage effect on the “Y.” The vehicle’s wheels also seemed to be equipped with a new set of 19” wheels that feature a star-esque pattern.
Investor's Corner
Elon Musk issues dire warning to Tesla (TSLA) shorts
This time around, Tesla shorts should probably heed his words.

Elon Musk has issued a dire warning to Tesla (NASDAQ:TSLA) short sellers. If they do not exit their position by the time Tesla attains autonomy, pain will follow.
Musk has shared similar statements in the past, but this time around, Tesla shorts should probably heed his words.
Musk’s short warning
The Tesla CEO’s recent statement came as a response to Tesla retail shareholder and advocate Alexandra Merz, who shared a list of the electric vehicle maker’s short-sellers. These include MUFG Securities EMEA, Jane Street Group, Clean Energy Transition LLP, and Citadel Advisors, among others. As per the retail investor, some of Tesla’s short-sellers, such as Banque Pictet, have been decreasing their short position as of late.
In his reply, Elon Musk stated that Tesla shorts are on borrowed time. As per the CEO, TSLA shorts would be wise to exit their short position before autonomy is reached. If they do not, they will be wiped out. “If they don’t exit their short position before Tesla reaches autonomy at scale, they will be obliterated,” Musk wrote in his post.
Tesla’s autonomous program
Tesla short sellers typically disregard the progress that the company is making on its FSD program, which is currently being used in pilot ride-hailing programs in Austin and the Bay Area. While Tesla has taken longer than expected to attain autonomy, and while Musk himself admits to becoming the boy who cried FSD for years, autonomy does seem to be at hand this year. Tesla’s Unsupervised FSD is being used in Robotaxi services, and FSD V14 is poised to be released soon as well.
Elon Musk highlighted this in a response to X user Ian N, who noted that numerous automakers such as Audi, BMW, Fiat-Chrysler, Ford, GM, Honda, Mercedes-Benz, Volkswagen, and Toyota have all promised and failed in delivering autonomous systems for their vehicles. Thus, Tesla might be very late in the release of its autonomous features, but the company is by far the only automaker that is delivering on its promises today. Musk agreed with this notion, posting that “I might be late, but I always deliver in the end.”
-
Elon Musk1 week ago
Elon Musk teases crazy new Tesla FSD model: here’s when it’s coming
-
Elon Musk5 days ago
Elon Musk confirms Tesla AI6 chip is Project Dojo’s successor
-
News5 days ago
Tesla Model Y L reportedly entered mass production in Giga Shanghai
-
Elon Musk6 days ago
Tesla CEO Elon Musk details massive FSD update set for September release
-
News2 weeks ago
Tesla takes first step in sunsetting Model S and X with drastic move
-
Cybertruck5 days ago
Tesla’s new upgrade makes the Cybertruck extra-terrestrial
-
Lifestyle2 weeks ago
Tesla brings perhaps the coolest interior feature to cars in latest update
-
News3 days ago
Elon Musk reaffirms Tesla Semi mass production in 2026