Tag: EV market


U.S. Trade Representative Letter Suggests an Increased Effort to Exclude Chinese EVs from the U.S. Market

January 18, 2024

Via: Alliance for American Manufacturing

The Biden administration appears to be planning to crack down on Chinese electric vehicle (EV) imports, according to a letter from the U.S. Trade Representative to the House Select Committee on the Chinese Communist Party. The letter from Ambassador Katherine […]

Industry Focus Areas, Motorized Vehicle

Ford Cuts Electric F-150 Plans in Ominous Sign for EV Market

December 12, 2023

Via: Transport Topics

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 […]

Industry Focus Areas, Motorized Vehicle

Rivian Will Build 52,000 EVs This Year, More Than Planned

August 8, 2023

Via: Transport Topics

Rivian Automotive Inc. expects heavy losses to continue as it boosts production plans for the year and works to reestablish itself as a rising player in the increasingly crowded EV market. The company will build about 52,000 vehicles in 2023, […]

Industry Focus Areas, Motorized Vehicle

World’s Largest EV Market Expected to Lose 11% of Market Share by 2025

July 11, 2022

Via: PR Newswire

After dominating the electric vehicle (EV) market since launching its first model in 2008, Tesla Inc. (NASDAQ: TSLA) will likely lose its position as the world’s largest EV maker by 2025 as competitors launch 135 new EVs to the market. […]

Industry Focus Areas, Motorized Vehicle

Big Bets On EVs

November 29, 2021

Via: Electronics Weekly

EV start-up Lucid, which delivered its first vehicle on October 30th, has a market cap bigger than Ford’s and is now the eighth most valuable car company in the world. Tesla, Rivian and Lucid are valued at a completely different […]

Industry Focus Areas, Motorized Vehicle

GM isn’t traveling alone into the EV era

September 14, 2020

Via: Automotive News

DETROIT — General Motors’ latest strategy: Give and take. Partnerships with Honda Motor Co., electric vehicle startup Nikola Corp. and battery supplier LG Chem show GM’s willingness to share technology and manufacturing power for the mutual benefit of itself and […]

Industry Focus Areas, Motorized Vehicle

Nio boosts size of share sale by 20% amid EV stock frenzy

August 31, 2020

Via: Automotive News

Nio Inc. boosted the size of its capital raising by almost 20 percent as investors rush stock sales by EV makers. The U.S.-listed, Shanghai-based firm sold 88.5 million American depositary receipts at $17 apiece, according to an emailed statement Monday. […]

Industry Focus Areas, Motorized Vehicle

Volkswagen CEO aims to catch Tesla in EV race

January 24, 2020

Via: Automotive News

FRANKFURT — Volkswagen Group CEO Herbert Diess is sending a message to Elon Musk: We are coming for Tesla. While Tesla is paving the way in electric cars, VW is buying software companies and ramping up investments in sustainable vehicles […]

Industry Focus Areas, Motorized Vehicle, Regulations

China considers cutting EV subsidies again, report says

November 8, 2019

Via: Automotive News

BEIJING — China is considering further cuts to subsidies for electric-vehicle purchases, according to people familiar with the matter, threatening to deal another blow to a once-burgeoning industry that’s facing an unprecedented slump. Industry regulators in the world’s largest EV […]