Electric vehicles
Nikola will soon find out whether its shareholders have approved its plan to sell more stock
Nikola TRE FCEV2 Courtesy: Nikola Electric heavy-truck maker Nikola will find out later Thursday whether its shareholders have approved its plan to raise money by selling more stock. Nikola hopes to raise more capital to help ramp up production of its new fuel-cell-powered electric heavy truck, set to launch later this month. But before it […]
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Ford’s U.S. sales jump 9.9% on big gains for its F-Series trucks
Ford Motor Company’s electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. Jeff Kowalsky | AFP | Getty Images DETROIT – Ford Motor‘s second-quarter sales increased 9.9% from a year earlier, spurred by significant sales gains of its F-Series trucks. The Detroit automaker Thursday […]
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Volkswagen will start testing self-driving cars in Austin as it moves on from Argo AI
Volkswagen Group of America (VWGoA) starting its first autonomous vehicle test program in Austin beginning in July 2023. Courtesy: Vokswagen AG Volkswagen said Thursday that it will begin testing self-driving electric vehicles in Austin, Texas, later this month. The German auto giant said it will deploy about 10 of its ID Buzz electric vans equipped […]
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Elon Musk praises China’s ‘very strong’ A.I. credentials
Elon Musk speaks by using video all through the opening ceremony of 2023 Planet Synthetic Intelligence Convention in Shanghai, China, on July 6, 2023. VCG | Visible China Team | Getty Photographs Elon Musk believes China is in a sturdy position when it arrives to the enhancement of synthetic intelligence and that the state will […]
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CNBC Day by day Open: Tesla roars in a silent market
Chief Government Officer of SpaceX and Tesla and owner of Twitter, Elon Musk at the Viva Know-how meeting on June 16, 2023 in Paris, France. Chesnot | Getty Images Information | Getty Photographs This report is from modern CNBC Every day Open, our new, intercontinental marketplaces e-newsletter. CNBC Day-to-day Open up provides buyers up to […]
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Shares of Chinese Tesla rival Xpeng rocket 11% as EV deliveries return to growth
A XPeng Inc. G6 electric activity utility vehicle (SUV). The business is hoping the launch of the new motor vehicle will improve profits which plunged in the initially quarter. Qilai Shen | Bloomberg | Getty Photographs Shares of Xpeng surged in pre-market trade in the U.S. following the Chinese electrical car maker reported a quarterly […]
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Why the electric powered auto growth could set a key strain on the U.S. ability grid
About 50 % of all new automobiles sold in the U.S. by 2030 are expected to be electric cars. That could put a significant strain on our nation’s electrical grid, an growing older system crafted for a globe that operates on fossil fuels. Domestic electricity demand in 2022 is predicted to boost up to 18% […]
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Volvo just became the latest EV maker to move to Tesla’s charging standard
Volvo’s EX30, a small electric crossover SUV, is expected to arrive in the U.S. next year. Courtesy: Volvo Swedish automaker Volvo Cars said on Tuesday that it has signed a deal with Tesla that will allow drivers of its electric vehicles to charge at roughly 12,000 Tesla charging stations in North America starting next year. […]
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Lordstown Motors documents for personal bankruptcy safety, sues Foxconn
Signage outside the house Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May well 15, 2021. Dustin Franz | Bloomberg | Getty Photographs Lordstown Motors filed for bankruptcy defense on Tuesday and place alone up for sale immediately after the U.S. electrical truck producer failed to take care of a dispute over a promised expense from […]
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Stocks earning the biggest moves midday: Pfizer, Lucid, WSFS Fiscal and more
Budrul Chukrut | Lightrocket | Getty Images Look at out the organizations producing headlines in midday investing. Lucid Team — Lucid shares jumped 9% just after the electrical-automobile maker stated it will provide powertrain and battery programs to British luxury automaker Aston Martin. WSFS Economic — The regional bank additional 4.4% after D.A. Davidson upgraded […]
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