Electric vehicles
UK’s first large-scale lithium refinery chooses location as race for ‘white gold’ intensifies
A lithium-ion battery photographed at a Volkswagen facility in Germany. Lithium-ion batteries are crucial components in electric vehicles. Jan Woitas | Picture Alliance | Getty Images LONDON — A facility described as the U.K.’s “first large-scale lithium refinery” will be located in the north of England, with those behind the project hoping its output will […]
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Autos giant Renault is betting the market for gasoline cars will continue to grow
Renault sees the internal combustion engine continuing to play a crucial role in its business over the coming years, according to a top executive at the French automotive giant. On Tuesday, it was announced that the Renault Group and Chinese firm Geely had signed a non-binding framework agreement to establish a company focused on […]
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Electric vehicle maker Lucid reports third-quarter loss, confirms it’s on track to meet production guidance
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid Group on Tuesday reported that it lost $530 million in the third quarter but confirmed that it’s still on track to make between 6,000 […]
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Lordstown aims to boost EV production with Foxconn investment, seeks new automaker partner
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Struggling electric truck startup Lordstown Motors still plans to deliver the first examples of its Endurance pickup truck before the end of the year, the company said Tuesday, a day after it announced a […]
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Nikola’s quarterly results beat expectations on deliveries of 63 electric semitrucks
Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said that it produced 75 trucks in the third quarter, and delivered 63 to dealers before quarter-end, generating enough revenue to beat Wall Street’s expectations. The news was included in Nikola’s third-quarter earnings report, released on Thursday morning. Here are the key numbers, […]
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EV battery firm Britishvolt averts immediate collapse with short-term funding
Charging points for electric vehicles in London, England. Jon Challicom | Moment | Getty Images LONDON — U.K.-based electric vehicle battery firm Britishvolt said Wednesday it had secured short-term funding, a move that will enable it to stave off administration for the time being. The company said its employees had also agreed to a pay […]
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Inside the world’s first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion
Germany company Sono Motors says it will bring a solar-powered electric vehicle to market in Europe in mid-2023. Sono has brought the car, called the Sion, on a tour throughout the U.S., in anticipation of its eventual domestic release. Priced at $25,000, the car is more affordable than most EVs on the U.S. market. It […]
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Mercedes-Benz says car prices are ‘well-supported’ in China after Tesla cuts prices of its EVs
2022 Mercedes-Benz EQS EV Mercedes-Benz Mercedes-Benz finance chief on Wednesday told CNBC the automaker’s pricing of its cars in China is “well-supported” after U.S. electric vehicle giant Tesla slashed prices. “We definitely see the demand being well but also we see the pricing levels we put into the market being well-supported in the market in […]
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Ford unveils 2023 Escape to sell alongside Bronco Sport in highly competitive compact SUV segment
2023 Ford Escape ST-Line Elite Ford DETROIT — Ford Motor is updating its popular Escape as part of a two-pronged sales strategy alongside the newer, more rugged Bronco Sport in the highly competitive compact SUV segment. Ford expects the new design of the 2023 Escape, in combination with additional convenience and safety technologies, to help […]
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France enters ‘white gold’ rush as top producer aims to source Europe with lithium
A Lithium-ion battery photographed at a Volkswagen facility in Germany. The EU is looking to improve the number of electric powered vehicles on its roads in the coming a long time. Ronny Hartmann | AFP | Getty Visuals Paris-headquartered minerals giant Imerys plans to acquire a lithium extraction undertaking that it is hoped will help […]
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