Our Standards: The Thomson Reuters Trust Principles. Electric vehicle (EV) maker Tesla Inc has informed workers at its battery factory in Sparks, Nevada, that some of the set-rate hourly workers will see pay increases of around 10% starting early January, CNBC reported on Monday.
REUTERS/James Glover II Acquire Licensing Rights Dec 18 (Reuters) - Electric vehicle (EV) maker Tesla Inc (TSLA.O) has informed workers at its battery factory in Sparks, Nevada, that some of the set-rate hourly workers will see pay increases of around 10% starting early January, CNBC reported on Monday.
Michigan-based EV battery startup ONE, Our Next Energy – considered one of the most valuable privately held companies in the US and Biden’s darling for homegrown batteries – is once again cutting its workforce after months of problems. Crain’s Detroit Business reports that the company has cut another 37 jobs, with 24 located in Michigan.
The EV maker will bump the pay for hourly workers from $20 to $22 an hour on the low end, and up to $34.50 an hour from $30.65 on the high end, according to the report, citing internal materials, adding that the raise can add anywhere from $2 to $8.30 an hour to their pay.
China is likely to be the main winner from the increased use of grid-scale battery energy storage. Chinese battery companies BYD, CATL and EVE Energy are the three largest producers of energy storage batteries, especially the cheaper LFP batteries.
ONE expects to employ more than 2,000 people and produce the equivalent of 200,000 EV battery packs a year at full capacity, which is targeted for as early as the end of 2027. Photo: Courtesy of Our Next Energy
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