Electric vehicles
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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Rivian shares are set to slump after the company announced a big recall
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive are set to open sharply lower Monday after the electric vehicle maker said late on Friday that it is recalling over 12,000 vehicles – nearly every EV it has […]
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How GM plans to convince consumers to make the switch to electric vehicles
Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC When people think of electric vehicles, their minds typically jump to Tesla. But Elon Musk’s company now has a lot more EV competition from Detroit. Within the past six years, General Motors CEO Mary Barra has pushed the company […]
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Polestar confirms it will deliver 50,000 electric vehicles in 2022
Polestar, the Swedish electric performance car company, has announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will be in October 2022. Polestar 3 is the company’s first SUV. Courtesy: Polestar Swedish electric vehicle maker Polestar said Friday that it is still on track to deliver 50,000 vehicles in […]
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Geopolitical tensions with the U.S. could ‘supercharge’ China’s innovation, JPMorgan suggests
An staff performs on the creation line of semiconductor wafer at a manufacturing unit of Jiangsu Azure Company Cuoda Team. China has stepped up investment into its chip business in a bid to be self-reliant in vital engineering wanted for electrical autos, smartphones and additional. VCG | Visible China Group | Getty Photos U.S.-China tensions […]
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