Ford expects to lose $4.5B on EVs in 2023

The automaker will focus on fewer, higher volume models in popular segments, such as pickups and full-size SUVs, for its next generation of electric vehicles.

By Eric Walz • July 28, 2023

Tesla inflated driving range estimates with rigged algorithm: Reuters

The automaker’s range deception tactics are part of a long-term pattern of overstating the capabilities of its technology.

By Eric Walz • July 27, 2023

Nissan, Renault overhaul their alliance

The two companies will keep a 15% stake in each other, with Renault Group transferring 28.4% of its Nissan shares to a French trust.

By Michael Brady • July 27, 2023

7 automakers form massive EV charging joint venture

The collaboration will create one of North America's largest public EV charging networks and include 30,000 high-powered chargers.

By Eric Walz • July 27, 2023

VinFast to break ground on first $2B phase of US plant

The facility will be the Vietnam-based startup’s first North American location and the first automotive manufacturing plant in North Carolina.

By Sara Samora • July 26, 2023

GM to bring back Chevrolet Bolt despite earlier plan to discontinue the EV

The automaker also said during its earning call that rising costs, including from its battery joint venture with LG, cut into its margins.

By Eric Walz • July 26, 2023

A more aggressive UAW bargains with the Big Three

The union is demanding an end to tiered wage structures, the reinstatement of cost-of-living allowances and stronger job security amid the shadow of the transition to electric vehicles.

By Kalena Thomhave • July 26, 2023

Stellantis, Samsung SDI plan second US gigafactory

The automaker is shoring up battery manufacturing capacity to meet its EV production targets. 

By Megan Ruggles • July 25, 2023

Foxconn to take 50% stake in ZF Group’s passenger vehicle chassis unit

The move is part of Foxconn’s diversification strategy, which includes expanding its automotive business and taking a 5% share of the global EV market by 2025.

By Eric Walz • July 25, 2023

New car owners unimpressed with their vehicles: J.D. Power

Overall satisfaction declined two years in a row, according to the survey. “It’s an indicator that larger issues may lie under the surface,” said Frank Hanley, senior director of auto benchmarking.

By Eric Walz • July 24, 2023

Tesla reports highest ever quarterly revenue of $24.9B in Q2

CEO Elon Musk said the company is also talking with major automakers to license Tesla’s Full Self-Driving autonomous driving technology.

By Eric Walz • July 21, 2023

Tony Posawatz named Fermata Energy CEO

The former Fisker Automotive CEO also led the development of the Chevrolet Volt.

By Michael Brady • July 20, 2023

Nissan is first Japanese automaker to adopt Tesla’s EV charging port

The company will offer the North American Charging Standard port on its Ariya SUV in 2024 and future models in 2025.

By Eric Walz • July 20, 2023

Ford cuts electric F-150 Lightning MSRPs by up to nearly $10K

The automaker said it cut prices on its electric pickup lineup amid lower battery raw material costs and improved production efficiencies.

By Eric Walz • July 18, 2023

Mersen opens synthetic graphite plant in Tennessee

The advanced materials maker will use the site to manufacture components for markets including solar panels, semiconductors and electric vehicles.

By Megan Ruggles • July 18, 2023

Kia to invest over $200M in Georgia plant expansion

The West Point expansion will enable the automaker to produce its first electric vehicle in North America.

By Sara Samora • July 17, 2023

Automakers blast EU proposal to make cars more recyclable

The European Union may require automakers to use recycled plastic and help finance the cost of recycling old cars.

By Michael Brady • July 17, 2023

Bosch ramps up hydrogen fuel cell production in Germany

Nikola Corp. will use the fuel cell modules to power its Class 8 hydrogen electric vehicle, with North American deliveries expected to start later this year.

By Eric Walz • July 14, 2023

Tesla supplier to establish factory in New Mexico

Hota Industrial Manufacturing chose the state for its easy access to Texas and Mexico.

By Sara Samora • July 13, 2023

LG plans to double its automotive electronics business to $15.6B by 2030

As modern vehicles become more like smartphones with software, digital displays and connectivity features, companies like LG, Nvidia and Qualcomm are expanding into the automotive sector.

By Eric Walz • July 13, 2023

Amazon deliveries made by Rivian EVs surge to 150M

The e-commerce giant has deployed over 5,000 custom Rivian electric vehicles as it works to decarbonize its fleet.

By Alejandra Carranza • July 11, 2023

Where IT fits into Formula E racing

Friedemann Kurz, head of information technology at Porsche Motorsport, detailed how IT pros supply real-time data to accelerate racing strategies.

By Lindsey Wilkinson • July 11, 2023

Recycling batteries necessary to meet growing EV demand: Guidehouse

Battery recycling could help automakers reclaim up to 98% of key raw materials for battery production, which make up nearly 80% of battery manufacturing costs.

By Eric Walz • July 11, 2023

Volkswagen overhauls its charging and energy business

The automaker’s new head of charging and energy, Giovanni Palazzo, will oversee the addition of load management, energy market optimization and energy trading services.

By Michael Brady • July 11, 2023

Wolfspeed signs $2B supply deal with Japan-based chipmaker

The shift to electric vehicles and renewable energy has sparked a growing need for more efficient power semiconductors, which supply and regulate electricity, according to the North Carolina-based company.

By Megan Ruggles • July 10, 2023