Electric vehicles
Rivian says it remains on track to build 50,000 EVs in 2023
The Rivian name is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. Mike Blake | Reuters Electric vehicle maker Rivian Automotive said Monday that its first-quarter deliveries were in line with expectations and that it remains on track to produce 50,000 EVs in 2023. Rivian said in […]
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Ford hikes prices on its F-150 Lightning as production resumes after EV battery fire
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. Ford Motor said that it has resumed full production of its electric F-150 Lightning pickup following a February battery fire – and that it’s once again raising prices on the popular truck. Ford said that the standard-range […]
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Ford plans to build 500,000 EVs annually at its $5.6 billion Tennessee campus
Ford’s BlueOval City electric vehicle and battery manufacturing campus in West Tennessee is scheduled to begin production in 2025. It will be home to Ford’s second-generation electric truck, code named Project T3, and will be capable of producing 500,000 EV trucks a year at full production. Ford Ford Motor’s new plant being constructed outside Memphis, […]
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How Ford plans to turn a profit on EVs in under four years
John Lawler, Chief Financial Officer of Ford, rings the opening bell at the New York Stock Exchange (NYSE), March 23, 2023. Brendan McDermid | Reuters Ford Motor disclosed on Thursday that its electric vehicle unit, called Ford Model e, lost $2.1 billion in 2022 — and could lose as much as $3 billion in 2023. […]
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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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