Tag: Electric vehicle

May 6, 2024

Vice President Kamala Harris announced more than $100 million in new funding and resources for small- and medium-sized auto manufacturers during a speech in Detroit on Monday. The announcement comes as the Biden administration aims to establish America as a […]

April 23, 2024

Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins. The Austin, Texas, company said it made $1.13 billion from January through March compared with $2.51 billion […]

March 7, 2024

Rivian Automotive is halting plans to build a new multibillion-dollar factory in Georgia, an abrupt reversal aimed at cutting costs while the company prepares to launch a cheaper electric vehicle. The decision will save the automaker more than $2.25 billion […]

January 25, 2024

Governors from 16 states have sent a letter to President Joe Biden, asking him to rescind his electric vehicle mandates in favor of letting the market determine adoption. “We are writing today on behalf of the American consumer to urge […]

January 8, 2024

U.S. electric vehicle charging installations fell significantly last year as companies grappled with financial challenges, according to a BloombergNEF report. U.S. public charging installations were 76% below BNEF’s forecast in 2023 and they are expected to lag behind China and […]

December 19, 2023

Electric vehicle startup Rivian announced Dec. 19 it has chosen the construction firm to build its planned $5 billion factory an hour east of Atlanta. Chicago-based Clayco will construct the 16 million-square-foot factory on an 1,800-acre megasite in southern Morgan […]

December 19, 2023

Wall Street’s outlook on Tesla Inc. is darkening rapidly, with at least two analysts turning more cautious on the electric vehicle maker in as many days. Some of the EVs made by Tesla may no longer qualify for government subsidies […]

December 6, 2023

Hyundai Motor Group has officially opens the Hyundai Motor Group Innovation Center Singapore (HMGICS) to accelerate the delivery of the Group’s human-centric future mobility vision. The facility introduces a new ‘smart urban mobility hub’ concept, which includes a highly automated […]

October 18, 2023

“This partnership empowers Hyundai Motor and Kia to stabilise its semiconductor supply,” said Hyundai head of strategy Heung Soo Kim. “Infineon stands as a valued strategic partner, boasting steadfast production capabilities and distinct technological prowess within the power semiconductor market.” […]

September 29, 2023

Bettaway Supply Chain Services entered the electric vehicle space with the introduction of two all-electric yard tractors Sept. 26 to support its logistics operations in New Jersey. The new battery-electric yard switching tractors are specialized units that maneuver trailers around […]

September 14, 2023

A team of students from the Technical University of Munich (TUM) in Germany has achieved a remarkable milestone in the electric vehicle (EV) field. They have set a new world record for the longest-range electric car, covering an astounding 2,573 […]

September 14, 2023

The European Commission is deliberating on the imposition of punitive tariffs for safeguarding EU automakers from the influx of lower-priced Chinese electric vehicle (EV) imports, which, according to the Commission, benefit from substantial state subsidies. According to TechCrunch, European Commission […]

September 7, 2023

Tesla’s Gigafactory Shanghai has reached a remarkable milestone by producing its two millionth electric vehicle (EV). This significant accomplishment solidifies Gigafactory Shanghai’s position as the most productive EV factory globally, surpassing even Tesla’s Fremont Factory. A Rapid Ascent to the […]

July 26, 2023

Seven major automakers say they’re joining forces to build a North American electric vehicle charging network that would rival Tesla’s and nearly double the number of fast-charging plugs in the U.S. and Canada. General Motors, BMW, Honda, Hyundai, Kia, Mercedes […]

June 27, 2023

As the electric vehicle (EV) market continues to grow, mid-size and fast-growing metropolitan areas like Columbia, South Carolina have recently caught the attention of manufacturers. In the past year, there have been a variety of large economic development deals announced […]

June 15, 2023

Audi’s CEO, Markus Duesmann, recently spoke about the company’s plans to expedite the development of new electric vehicle (EV) models to meet the increasing demand, especially in China. In an interview with Reuters, Duesmann acknowledged the need for faster production […]

June 7, 2023

General Motors this week announced a $1 billion investment in two of its factories in Flint, Mich., where it will retool production lines to manufacture heavy duty pickup trucks like this one for the next seven to 10 years. That’s […]

May 16, 2023

Delaware’s Supreme Court on May 15 overturned a judge’s ruling upholding a decision by state officials to prohibit electric vehicle maker Tesla from selling its cars directly to customers. In a ruling last year, a Superior Court judge determined that […]

April 28, 2023

Chinese truck maker Beiqi Foton Motor Co. is planning a second plant in Mexico to manufacture electric vehicles with an eye on U.S. exports. The plant’s location has yet to be decided, said Roberto Talavera, director of electric vehicles at […]

April 12, 2023

The Biden administration is proposing strict new automobile pollution limits that would require as many as two-thirds of new vehicles sold in the U.S. to be electric by 2032, a nearly tenfold increase over current electric vehicle sales. The proposed […]