Electric vehicles
Warren Buffett-backed BYD pops extra than 5% after Chinese EV maker forecasts surging earnings
Warren Buffett-backed BYD mentioned it expects a more than 300% leap in 3rd-quarter revenue. Even with headwinds such as a resurgence of Covid in China, mounting substance fees and a slowing economy, BYD has remained relatively resilient. Nathan Laine | Bloomberg | Getty Photographs Shares of Chinese electric carmaker BYD rose Tuesday following the organization […]
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Stellantis debuts pure-electric Jeep, pledges new goal on power self-sufficiency
The Stellantis CEO Carlos Tavares, photographed in Turin, Italy, on March 31, 2022. Stefano Guidi | Getty Images Information | Getty Photographs The CEO of Stellantis advised CNBC Monday that the business would use its have internet sites to make 50 percent the vitality it requirements for manufacturing by the center of this decade. “We […]
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Nikola founder Trevor Milton discovered responsible of fraud around statements he built whilst CEO of the EV business
Trevor Milton CEO of Nikola Massimo Pinca | Reuters Trevor Milton, the founder and former chairman and CEO of electric powered large truck maker Nikola, was located guilty in federal courtroom on Friday of a few of 4 counts of fraud relating to untrue statements he built to drive up the value of Nikola’s stock. […]
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Sony and Honda plan to start U.S. deliveries of their electric vehicle in 2026
Yasuhide Mizuno, the chairman and CEO of Sony Honda Mobility Inc., speaks during a news conference in Tokyo, Japan, on Oct. 13, 2022. Kiyoshi Ota | Bloomberg | Getty Images The Sony-Honda joint venture focused on electric vehicles plans to begin deliveries to the United States and Japan in 2026. Sony Honda Mobility, as it’s […]
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Nikola can complete its deal to acquire Romeo Power after clearing key hurdle
Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said Thursday that its planned acquisition of battery-pack maker Romeo Power will now proceed, after Romeo Power shareholders agreed to tender just over half of the company’s outstanding shares. In August, Nikola said it had agreed to acquire Romeo Power, a California-based maker […]
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Polestar unveils a new $84,000 electric SUV it can be hoping will enable cement its foothold in the U.S.
Polestar 3 Courtesy: Polestar Swedish EV maker Polestar on Wednesday unveiled a new electric SUV that it truly is counting on to grow its gross sales and existence in the United States. The new product, referred to as the Polestar 3, is a 5-passenger EV that the organization describes as a “general performance SUV.” It’s […]
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Luxury EV maker Lucid confirms it’s on track to meet conservative 2022 production targets
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 luxury vehicle maker Lucid Group confirmed Wednesday that it remains on track to produce between 6,000 and 7,000 vehicles in 2022, in line with the more conservative […]
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GM is launching a new business to connect homes and businesses with EV chargers, energy storage
Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC General Motors on Tuesday said that it is forming a new business unit to offer stationary battery packs, solar panels, electric vehicle chargers and other energy-management products for homes and businesses. The new unit, called GM Energy, aims to […]
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Honda’s new $4.4 billion EV battery plant will be built in Ohio
An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017. Ty Wright | Bloomberg | Getty Images Honda Motor and LG Energy Solution on Tuesday said a new multibillion-dollar plant to produce batteries for […]
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Auto giant Stellantis looks to Australian materials, including nickel, for its EVs
This image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Citroen is a brand of Stellantis, one of the world’s biggest automakers. Benjamin Girette | Bloomberg | Getty Images Stellantis is turning to Australia as it looks to procure the materials needed for its electric vehicle […]
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