EVs
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Courtesy of Mercedes-Benz AG
Mercedes-Benz Q1 profits down nearly 30%
The automaker attributed lower volumes to product transitions and supply chain bottlenecks.
By Haley Cawthon • May 16, 2024 -
Courtesy of Stellantis
Stellantis’ volumes nearly 100K less in Q1. Here’s where production was cut.
The automaker expects production of next-generation vehicles to ramp up “significantly” in the second half of 2024.
By Haley Cawthon • May 15, 2024 -
Courtesy of Honda Motor Co.
Honda banks on hybrid profits to fund EV transition
The automaker announced it will increase R&D spending by almost 25% over the next year to gain a competitive advantage in the hybrid vehicle segment.
By Eric Walz • May 15, 2024 -
Courtesy of Tesla Inc.
How 4 technology trends are shaping automotive design
Some design trends are partly a reaction to design aesthetics that preceded them; others are responses to changes in technology, consumer preferences and government regulation, experts said.
By Michael Brady • May 15, 2024 -
Courtesy of Stellantis
Stellantis, Leapmotor JV to launch 2 EV models in Europe this year
As part of the partnership, Stellantis has exclusive rights to manufacture, export and sell Leapmotor EVs outside of China.
By Eric Walz • May 15, 2024 -
Alex Wong via Getty Images
Biden hikes tariffs on China-made EVs, batteries
The action aims to protect the U.S. market from the rise in Chinese electric vehicle exports, which the U.S. says jumped 70% from 2022 to 2023.
By Kate Magill , Eric Walz • May 14, 2024 -
Courtesy of Toyota Motor North America
Toyota CEO: ‘Next-generation BEVs must change the factories themselves’
The automaker aims to reconfigure its factories to cut the number of processes in half.
By Haley Cawthon • May 14, 2024 -
Courtesy of Lucid Group, Inc.
EV maker Lucid Group shores up its losses with billion-dollar investments
Lucid has received $6.4 billion from Saudi Arabia’s Public Investment Fund since 2018, which has helped support its operations as it works to turn a profit.
By Eric Walz • May 13, 2024 -
Courtesy of Rivian Automotive
Rivian completes plant retooling, a ‘pivotal step’ on path to profitability
CFO Claire McDonough said the EV maker expects lower variable costs to be the biggest driver of gross profit improvement this year.
By Haley Cawthon • May 10, 2024 -
Courtesy of Ford Motor Co.
Ford execs on EV strategy: 3 lessons learned on pricing, models and profits
The automaker expects each one of its electric vehicles to be profitable within 12 months of launch, and it will do ‘everything it takes’ to make that a reality.
By Haley Cawthon • May 9, 2024 -
Courtesy of General Motors
Automakers get more flexibility as US finalizes EV tax credit rules
Electric vehicle makers have been racing to shift their supply chains to qualify for the credit. The latest changes give them more time.
By Eric Walz • May 8, 2024 -
Courtesy of Mustang Ice White Appearance Package
April auto sales: EVs make a slight comeback for automakers
Ford and Kia were the two standouts of the month, notching triple-digit percent growth on electric vehicle sales.
By Haley Cawthon • May 8, 2024 -
Courtesy of BMW Group AG
BMW’s future EVs will support bidirectional charging
The automaker’s next generation of vehicles will be able to store energy to send back to the grid.
By Eric Walz • May 7, 2024 -
Courtesy of Volvo Cars
Rivian hires former Volvo Cars exec as next COO
Javier Varela will be central to the company’s growth and profitability as it prepares to launch new electric vehicles.
By Eric Walz • May 6, 2024 -
Courtesy of Asahi Kasei.
Honda supplier to build integrated battery separator plant in Canada
Asahi Kasei’s 180 billion yen ($1.2 billion) factory is part of a joint venture with the automaker.
By Sara Samora • May 6, 2024 -
Courtesy of Fisker, Inc.
Fisker names chief restructuring officer
The ailing company’s board appointed John DiDonato, managing director of Huron Consulting Group, to the role last month as it attempts to stave off bankruptcy.
By Kalena Thomhave • May 3, 2024 -
Courtesy of Volkswagen Group
Why VW’s Q1 profits fell 20% despite higher deliveries
The company blamed lower-than-anticipated global sales and its investments in launching new electrified models.
By Eric Walz • May 3, 2024 -
Courtesy of Clayco
Rivian reaffirms plans for $5B Georgia EV plant despite construction pause
The electric carmaker emphasized its intention to continue limited site development activity during the pause period, according to a company letter.
By Sebastian Obando • May 1, 2024 -
Courtesy of Stellantis
Stellantis revenues slip 12% as it preps for next-gen product launches
The automaker is debuting 25 new or updated products in 2024, 18 of which will be battery electric vehicles.
By Haley Cawthon • April 30, 2024 -
Courtesy of Hyundai Motor Group
Hyundai shifts focus to hybrids as EV demand declines
Despite record-setting Q1 revenues, the automaker said its EV sales slipped nearly 5% year over year.
By Eric Walz • April 29, 2024 -
welcomia/iStock/Getty Images Plus via Getty Images
Dealer service satisfaction improves, despite growing wait times and prices
Non-Tesla EV drivers reported the lowest satisfaction with new-vehicle dealership services, a J.D. Power study found.
By Kalena Thomhave • April 29, 2024 -
Courtesy of Volkswagen Group
Volkswagen looks to boost tech, cut costs in China
The country’s transition to electric vehicles and growing local competition is making it harder for overseas automakers to stay competitive.
By Eric Walz • April 29, 2024 -
Anna Moneymaker via Getty Images
GM CEO’s compensation falls 4%
Mary Barra is no longer the highest-paid executive among the Detroit Three automakers.
By Haley Cawthon • April 29, 2024 -
Courtesy of Honda Motor Co.
Honda invests billions in Canada to set up EV production hub
The CAD $15 billion ($11 billion) investment into the automaker’s supply chain includes two factories and materials processing projects with joint venture partners.
By Eric Walz • April 25, 2024 -
Courtesy of Cruise LLC
For Cruise robotaxi business, GM considers ‘outside investments’
Despite billions in losses attributed to its Cruise subsidiary, General Motors CEO Mary Barra said the company believes in the technology.
By Dan Zukowski • April 25, 2024
