EVs: Page 14
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Phillip Faraone for Rivian via Getty Images
Rivian halts construction on $5B Georgia EV facility
The electric vehicle maker plans to produce its R2 model at its Illinois facility instead, starting in the first half of 2026.
By Sara Samora • March 8, 2024 -
Courtesy of General Motors
GM, Magna and Wipro to create automotive software marketplace
The platform, dubbed SDVerse, aims to match buyers and sellers of embedded automotive software for software-defined vehicles.
By Michael Brady • March 8, 2024 -
Courtesy of Stellantis
Stellantis launches ‘Ram Professional’ commercial unit in North America
It's part of the automaker’s effort to boost recurring revenue.
By Eric Walz • March 8, 2024 -
Courtesy of Nikola
Nikola delivers its first fuel cell electric trucks
The OEM delivered 35 in Q4 — and could have done more if not for supplier part constraints, CEO Steve Girsky said.
By David Taube • March 8, 2024 -
Courtesy of Scout Motors
Scout Motors breaks ground on $2B EV plant after environmental delays
The automotive company plans to finish its South Carolina facility in 2026 after pausing construction in the fall of 2023.
By Sebastian Obando • March 6, 2024 -
Courtesy of Stellantis
Stellantis’ Pro One commercial business accounted for one third of its $200B net revenue in 2023
The automaker’s Ram brand reached 20% market share in North America’s commercial van segment.
By Eric Walz • March 6, 2024 -
Courtesy of Toyota Motor North America
Toyota to buy EV battery company, ending venture with Panasonic
The automaker expects Primearth EV Energy Co. to help it respond to changes in demand for electrified vehicles.
By Michael Brady • March 6, 2024 -
Courtesy of Hyundai Motor Group.
Hyundai moves up Georgia EV factory timeline
The new plant will now begin production in Q4 of this year, months earlier than expected.
By Sara Samora • March 5, 2024 -
Courtesy of Lordstown Motors
SEC charges Lordstown Motors with misleading investors on sales outlook
The defunct EV startup allegedly made false or misleading statements about pre-orders, parts access and delivery timelines, according to the U.S. Securities and Exchange Commission.
By Jim Tyson • March 5, 2024 -
Courtesy of American Honda Motor Co.
Honda, Hyundai, Mazda and Subaru saw US sales rise in February
Only Kia's sales dropped, its third consecutive month of falling numbers.
By Michael Brady • March 4, 2024 -
Courtesy of Xpeng Inc.
China’s Xpeng, Volkswagen Group to co-develop EVs
The automakers will jointly develop and source common parts for two China-specific midsize EVs.
By Eric Walz • March 4, 2024 -
Courtesy of Motional
AV startup Motional to cut non-technical staff by 5%
It’s the latest autonomous vehicle company, including Cruise, to face financial challenges as the technology comes under increasing scrutiny.
By Eric Walz • March 1, 2024 -
Courtesy of Fisker Inc.
Fisker seeks deal with major automaker as survival is in question
The automaker also plans to streamline operations and slash its staff by 15% after losing $464 million in Q4.
By Michael Brady • March 1, 2024 -
Courtesy of Stellantis
Ayvens to buy up to 500,000 Stellantis vehicles
Deliveries are expected to begin in the first half of 2024.
By Eric Walz • Feb. 28, 2024 -
Courtesy of Nikola
Nikola close to naming next CFO
CEO Steve Girsky has been serving as interim finance chief following Anastasiya “Stasy” Pasterick’s departure.
By David Taube • Feb. 28, 2024 -
Courtesy of General Motors
Samsung, Magna, Allison Transmission invest $25M in Niron Magnetics
The startup is developing more sustainable and affordable rare earth-free permanent magnets, which can be used for EV motors and other applications, the company says.
By Eric Walz • Feb. 28, 2024 -
Courtesy of Nouveau Monde Graphite
Panasonic Energy fortifies battery supply chain with new graphite deal
Nouveau Monde Graphite is also growing its capacity as more battery companies and automakers secure additional suppliers for their North American supply chains.
By Kate Magill • Feb. 27, 2024 -
Courtesy of Fisker Inc.
EV startups seek alternatives to DTC sales
Direct-to-consumer car sales aren’t what they used to be, experts say. Are dealers the future for automakers like VinFast and Fisker?
By Amanda Loudin • Feb. 27, 2024 -
Bill Pugliano/Stringer/Getty Images North America via Getty Images
Stellantis CEO made over 36M euros in 2023
Carlos Tavares’ compensation soared 56% year over year, according to the automaker’s 2023 annual report.
By Michael Brady • Feb. 26, 2024 -
(Photo by John Moore/Getty Images) via Getty Images
EnerSys plans South Carolina lithium-ion battery factory
The plant is part of an agreement with France-based battery maker Verkor, which produces batteries for automaker Renault Group’s premium and Alpine electric models.
By Joelle Anselmo • Feb. 26, 2024 -
Courtesy of Volkswagen Group
UAW to spend $40M to organize non-union autoworkers and battery plants
More than 10,000 non-union autoworkers have signed cards since the UAW launched a nationwide organizing drive in December.
By Eric Walz • Feb. 23, 2024 -
Courtesy of Mercedes-Benz AG
Mercedes-Benz delays EV goal amid slowing demand
Low-cost EV sales are growing faster than more expensive luxury models, a company executive said.
By Michael Brady • Feb. 23, 2024 -
Courtesy of LG Energy Solution
LG Energy Solution, WesCEF expand lithium supply deal
The partnership will supply the battery maker's North American manufacturing sites and produce more IRA-compliant vehicles.
By Kate Magill • Feb. 22, 2024 -
Courtesy of Rivian Automotive
Rivian to lay off 10% of salaried workforce
A company spokesperson said the hourly manufacturing workers at its plant in Normal, Illinois, would not be affected.
By Michael Brady • Feb. 21, 2024 -
Courtesy of Stellantis
Stellantis shakes up sales organization in North America
The reshuffle aims to increase the automaker’s focus on business-to-consumer and business-to-business sales.
By Eric Walz • Feb. 21, 2024
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