Category: Motorized Vehicle

July 12, 2024

The Biden administration on Thursday announced $1.7 billion in grants to retool 11 auto factories for the manufacture of electric vehicles (EVs) and their components. Much of the money comes from the Inflation Reduction Act (IRA), the 2022 climate law […]

July 12, 2024

WENZEL Metrology GmbH has announced that it is part of the innovative nexAMo project, which is being supported by the Federal Ministry of Economics and Climate Protection (BMWK) as part of the ‘Digitalization of vehicle manufacturers and the supplier industry’ funding […]

July 11, 2024

Construction of Amplify Cell Technologies’ battery cell manufacturing plant in Marshall County, Miss., began in the last week of June, the joint venture between Accelera, Daimler Trucks & Buses U.S. Holding and Paccar said July 1. The partners expect plant […]

June 20, 2024

Just last year, data suggested that plug-in hybrid cars were on the way out in Australia. But they’re back. New data shows plug-in hybrids and conventional hybrids combined have overtaken battery electric vehicle sales in the first quarter of 2024. […]

June 7, 2024

The automotive industry has entered a fiercely competitive phase in the electric vehicle transition, and it’s producing an intriguing result for U.S. car buyers: the first long-range EVs that are cheaper to buy than the average gas-powered car. At least […]

May 13, 2024

General Motors’ troubled Cruise autonomous vehicle unit said May 13 that it will start testing robotaxis in Arizona this week with human safety drivers on board. Cruise said during the testing, it will check the vehicles’ performance against the company’s […]

May 8, 2024

Losses at Nikola Corp. in the first quarter of 2024 narrowed year-over-year, and executives are more bullish than in previous quarters about the truck maker’s prospects even as production costs soar. Phoenix-based Nikola posted a Q1 loss of $147.72 million, […]

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 […]

April 19, 2024

Shares of truck maker Volvo AB dropped as much as 5.9% in Stockholm on April 19 on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about 14.1 billion Swedish kronor ($1.3 […]

April 2, 2024

Rivian Automotive Inc. built and delivered more electric vehicles last quarter than Wall Street expected, giving the automaker a needed boost as it grapples with production hurdles and heavy costs. The company made 13,980 EVs in the first three months […]

March 13, 2024

China’s Xiaomi to start first EV deliveries this month, reports Reuters, on the smartphone manufacturer’s pivot to electric vehicle production. Tesla’s Chinese rival is launching more cheap EVs, reports Quartz, on the new BYD product that retails in China for […]

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 […]

March 5, 2024

Global motion technology company Schaeffler will expand its operations in the U.S. with the addition of a new manufacturing facility focused on producing solutions for the electric vehicle (EV) industry. Schaeffler will invest more than $230 million to build the […]

February 22, 2024

Rivian Automotive Inc. shares fell in early trading after the electric vehicle maker issued a disappointing production forecast and announced another round of job cuts. The maker of plug-in pickups, SUVs and delivery vans expects to build just 57,000 vehicles […]

February 21, 2024

Of these, BEVs accounted for 9.11 million units with a growth rate of 24%, and PHEVs reached 3.91 million units, growing at 45%. TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global […]

February 1, 2024

Data from a Japanese auto industry association shows that China overtook Japan as the world’s largest vehicle exporter last year. The Japan Automobile Manufacturers Association reported Japan exported 4.42 million vehicles in 2023, up 16% from a year earlier, while […]

January 10, 2024

While electric vehicles are gaining the lion’s share of the attention for carbon-neutral technology at CES 2024, hydrogen energy has sneaked its way back into the conversation thanks to two automotive giants. Hyundai spotlighted its plans for utilizing hydrogen energy […]

December 29, 2023

Xiaomi, the Chinese phone company, has come out with an EV called SU7 with SU standing for Speed Ultra. Top speed is 265 kph and it can go from 0 to 100 kph in 2.78 seconds. One version has a […]

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 12, 2023

Ford Motor Co. is cutting 2024 production goals in half for its F-150 Lightning plug-in pickup truck — its signature electric vehicle — due to slowing demand for battery-powered models. The automaker now intends to build 1,600 of the trucks […]