Electric vehicles
Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units
The badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images Ford Motor said Thursday its electric vehicle business lost $2.1 billion last year on an operating basis, a loss that was more than offset by $10 […]
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China Evergrande’s electric powered motor vehicle device warns it may well halt production amid resources lack
The Evergrande vehicle Hengchi 5 in Shanghai, China. CFOTO | Long run Publishing | Getty Photos China Evergrande New Vitality Motor vehicle Team explained on Thursday it may possibly have to halt manufacturing of electric powered cars if it could not acquire fresh funding, immediately after offering far more than 900 models of its flagship […]
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Ford reveals new Explorer EV for the European market
Ford revealed the electric 2023 Explorer for Europe on March 21, 2023. Ford DETROIT — Ford Motor on Tuesday unveiled its first all-new electric vehicle exclusively for the European market and said it plans to leverage the well-known Explorer nameplate to gain traction. The EV crossover is part of Ford’s plans to transition its European […]
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Mazda to nominate former North America head as the up coming CEO
Masahiro Moro serves as Mazda’s director and senior handling government officer. Mazda Mazda will appoint Masahiro Moro, director and senior controlling government officer, as its new president and CEO, the Japanese automaker claimed on Friday. The 62-yr-old, a 40-12 months company veteran who earlier served as the head of the automaker’s North America functions, will […]
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Rivian is revisiting its exclusivity arrangement with Amazon for EV shipping vans
1 of Amazons new electric powered shipping vans from Rivian will get all set to leave the Amazon Distribution Facility on Cyber Monday on November 28, 2022 in Aurora, Colorado. Rj Sangosti | Denver Post | Getty Images Rivian and Amazon are in discussions to change the exclusivity clause of their agreement for the EV […]
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Polestar cuts annual losses in half as it ramps up EV production
Polestar 3 Courtesy: Polestar Swedish electric vehicle maker Polestar cut its annual net losses in half last year, while revenue surged and it attempted to set itself apart from other EV startups. The company on Thursday reported an 84% increase in revenue for 2022 to roughly $2.5 billion as it exceeded a 50,000-vehicle delivery target. […]
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Rivian posts mixed fourth quarter and underwhelming EV production outlook, stock falls
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle startup Rivian Automotive reported mixed fourth-quarter earnings and a lackluster production outlook after the bell Tuesday. Here’s how Rivian performed in the period, compared with […]
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EVs are billed as the upcoming. But a potential capabilities hole is sparking fears about expense and protection
A mechanic performing on an electrical auto at a garage in Carquefou, France, in November 2022. The EU is on the lookout to increase the number of EVs on its streets in the coming decades. Loic Venance | AFP | Getty Photographs From seatbelts to airbags and radios to parking sensors, present day automobiles are […]
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Luxurious EV maker Lucid seems to have a demand from customers trouble
Folks check push Dream Edition P and Desire Version R electric powered cars at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters Luxurious electrical motor vehicle maker Lucid seems to have a demand from customers challenge. The firm stated all through its fourth-quarter earnings report on Wednesday that […]
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UBS sees a $60 billion chance in EV charging infrastructure. How to participate in it
The ongoing adoption of electric powered vehicles in the United States will develop more winners for investors than just automakers, in accordance to UBS. Analyst Shneur Gershuni explained in a notice to shoppers that the buildout of a charging community for electric powered autos opens a new spot for traders to wager on the changeover […]
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