EVs: Page 27

  • A blue Tesla Model S sedan on the highway.
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    Courtesy of Tesla Inc.
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    Tesla launches lower-priced Model S, X versions

    The automaker has cut electric vehicle prices multiple times since last year, but CEO Elon Musk said in July that the company would sacrifice its margins to drive volume growth.

    By • Aug. 16, 2023
  • Missouri Governor Mike Parson (center) speaks with U.S. Secretary of Energy Jennifer M. Granholm following a groundbreaking ceremony Tuesday, Aug. 8, 2023 at the site of ICL’s future battery materials
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    Courtesy of ICL
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    ICL breaks ground on $400M St. Louis battery materials plant

    The Israel-based manufacturer will produce materials for LFP batteries at the 140,000-square-foot site.

    By • Aug. 15, 2023
  • A silver Tesla Model Y.
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    Courtesy of Tesla Inc.
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    Tesla slashes Model Y prices in China

    The price cuts follow a 31% drop in July sales amid growing competition.

    By • Aug. 14, 2023
  • A worker assembles Volkswagen's ID.3 electric car at a factory in Germany.
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    Jens Schlueter via Getty Images
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    Hyundai Mobis to supply Volkswagen with EV battery system assemblies

    Volkswagen’s next-generation electric vehicle platform will include the components, which will be built at a factory in Spain.

    By • Aug. 10, 2023
  • A red Rivian R1T pickup parked in front of a Rivian service center.
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    Justin Sullivan via Getty Images
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    Rivian boosts production by 50% in Q2

    Electric vehicle deliveries grew by 50% while gross profit per vehicle improved by roughly $35,000 as the company increased cost efficiencies across all major categories.

    By • Aug. 9, 2023
  • An electric pickup truck charging in a garage.
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    Courtesy of General Motors
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    GM’s future Ultium-based EVs will support vehicle-to-home charging

    The bidirectional charging technology uses a GM vehicle’s battery as a backup power source in the event of a power outage.

    By • Aug. 8, 2023
  • Picture of Jim Keller, CEO of Tenstorrent, and Heung-soo Kim, executive vice president at Hyundai Motor Group.
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    Courtesy of Hyundai Motor Group
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    Hyundai, Kia invest $50M in semiconductor startup Tenstorrent

    The automaker plans to use Tenstorrent’s technology to jointly develop AI chiplets and optimized semiconductors.

    By • Aug. 8, 2023
  • Car air conditioning system with black knob and Max A/C text on top half of knob, and A/C text on bottom half of knob.
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    Leschenko for IStock via Getty Images
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    Hyundai supplier plans $170M facility in Tennessee

    Hanon Systems’ fourth U.S. facility will produce automotive thermal solutions for EV makers in North America.

    By • Aug. 8, 2023
  • Christopher Yang, the new president and CEO of Toyota Connected North America.
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    Courtesy of Toyota Motor Corp.
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    Toyota shakes up data, software leadership as it revamps EV plans

    The automaker promoted Christopher Yang to president and CEO of Toyota Connected North America.

    By • Aug. 7, 2023
  • A sign is posted in front of a Tesla service center on April 20, 2022 in Fremont, California.
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    Justin Sullivan via Getty Images
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    Tesla CFO resigns after 13 years at the company

    The automaker’s chief accounting officer, Vaibhav Taneja, took over on Aug. 4, replacing Zachary Kirkhorn. 

    By • Aug. 7, 2023
  • A gray four-door crossover vehicle parked in an electric vehicle charging stall with a woman holding a charging cable to the car.
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    Courtesy of EVgo Services LLC. Used with permission.
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    General Motors, EVgo charging network hits 1,000th charger milestone

    “The availability of fast charging infrastructure is key to widespread EV adoption," said EVgo's CEO.

    By Dan Zukowski • Aug. 7, 2023
  • A Tesla car recharges its battery at the Petaluma Supercharger on March 09, 2022 in Petaluma, California.
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    Justin Sullivan / Staff via Getty Images
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    Tesla owners allege false advertising over EV ranges in class-action lawsuit

    If the court approves the suit, people in California could join it, potentially exposing the automaker to significant legal risk.

    By • Aug. 3, 2023
  • Porsche logo is displayed during the first press day at the 89th Geneva International Motor Show on March 5, 2019 in Geneva, Switzerland
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    Robert Hradil/Getty Images via Getty Images
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    Porsche eyes $3.3B EV battery plant in US

    The German luxury carmaker is also weighing options at home and in Canada for its planned factory.

    By Sebastian Obando • Aug. 3, 2023
  • A picture of two concept vehicles from automotive brand Galaxy
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    Courtesy of Geely Auto Group
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    Geely develops large language model for in-vehicle infotainment

    It’s expected to be the first large language model deployed in the auto industry.

    By • Aug. 3, 2023
  • Subaru Solterra all-electric SUV.
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    Scott Olson/Staff/Getty Images News via Getty Images
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    Subaru has a more aggressive EV plan

    The automaker aims to boost global battery-electric vehicle sales to 50% by 2030.

    By • Aug. 2, 2023
  • The Ford F-150 Lightning Pro electric pickup.
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    Courtesy of Ford Motor Co.
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    Ford restarts production of F-150 Lightning EV pickup truck

    The automaker is tripling its manufacturing capacity as it faces increased competition from GM and Tesla.

    By • Aug. 2, 2023
  • Mercedes-Benz trains more than 600 data and AI specialists worldwide in 2023.
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    Permission granted by Mercedes-Benz AG
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    Mercedes-Benz invests over $2.2B in AI reskilling

    The carmaker is offering data and digitalization training to over 600 employees as auto manufacturing modernizes.

    By • Aug. 1, 2023
  • GMC Hummer EVs on the assembly line at General Motors' Factory ZERO EV plant in Detroit, Michigan.
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    Nic Antaya via Getty Images
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    GM blames automation supplier for EV production delays

    CEO Mary Barra said the third-party issue surprised the automaker, but it's "not walking away" from its 400,000 EV production target.

    By Megan Ruggles • July 31, 2023
  • The VinFast VF 9 electric SUV on display at the New York International Auto Show in 2022.
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    Michael M. Santiago via Getty Images
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    EV startup VinFast plans US public listing in August

    The Vietnam-based automaker aims to expand its U.S. business and invest up to $4 billion to assemble electric vehicles and battery packs at its North Carolina factory.

    By • July 31, 2023
  • A Ford F-150 Lightning electric pickup on the road.
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    Courtesy of Ford Motor Co.
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    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 • July 28, 2023
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    Xiaolu Chu via Getty Images
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    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 • July 27, 2023
  • Renault Fluence Z.E. and Nissan LEAF
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    Courtesy of Renault Nissan Mitsubishi Alliance
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    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 • July 27, 2023
  • A Chevy Bolt EV plugged in at a charging station.
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    Justin Sullivan via Getty Images
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    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 • July 27, 2023
  • A rendering of a silver building with the Vinfast logo on a baby blue background, with a parking lot in front of it.
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    Courtesy of Vinfast.

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    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 • July 26, 2023
  • 2023 Bolt EV parked on a residential driveway.
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    Courtesy of General Motors
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    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 • July 26, 2023