Electric vehicles
Miner Piedmont unveils programs to establish lithium refining plant in drive for domestic EV source chains
Piedmont Lithium announced Thursday that it options to create a new lithium refining plant in Tennessee, as the U.S. rushes to develop domestic offer chains for raw components crucial to the strength changeover. Thursday’s announcement follows the premier local weather funding package in U.S. historical past, which President Joe Biden signed into regulation in August. […]
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Chinese EV shares slide just after Li Automobile and Xpeng report plunge in August deliveries Nio ekes out advancement
Nio managed to improve deliveries of its electric cars in August versus July. Nevertheless, rivals Li Vehicle and Xpeng saw a sharp tumble in deliveries. EV players go on to facial area provide chain disruptions for the resurgence of Covid in China as properly as weaker consumer demand from customers because of to a difficult […]
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Bosch will invest $200 million to build fuel cells for electric trucks in South Carolina
The Robert Bosch GmbH logo sits on the exterior of Messe Stuttgart exhibition center as automobiles pass in Stuttgart, Germany, on Monday, July 18, 2016. Michael Nagle | Bloomberg | Getty Images German auto supplier Bosch said Wednesday it will invest more than $200 million to build fuel cells for electric trucks in South Carolina. […]
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Toyota pledges up to $5.6 billion for EV battery creation, ramps up expenditure in North Carolina plant
A Toyota dealership in Yokohama, Japan, photographed on Feb. 7, 2021. The agency is trying to make headway in the progressively aggressive electric powered motor vehicle marketplace. Toru Hanai | Bloomberg | Getty Images Automotive huge Toyota mentioned Wednesday it would spend an excess $2.5 billion in a U.S. facility that will manufacture batteries for […]
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Lucid and Nikola move to raise additional funds as rising costs squeeze EV startups
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 makers Lucid Group and Nikola are moving to raise additional funds, as both companies aim to boost production amid sharply rising battery costs and new federal […]
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How Amazon is providing Rivian an edge in the EV market
Pursuing in Tesla’s footsteps, one more electric vehicle firm has been making a title for itself, with a special spin: Rivian Automotive. Launched in 2009, Rivian is focusing on upscale electric vehicles and SUVs with an emphasis on out of doors experience. CNBC’s John Rosevear calls them the “Patagonia of electric autos.” Rivian launched its […]
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Cash is king for EV makers as soaring battery prices drive up vehicle production costs
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC In the transition from gas-powered vehicles to electric, the fuel every automaker is after these days is cold hard cash. Established automakers and startups alike are rolling out new battery-powered models in an […]
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Chinese EV maker Xpeng teases two new cars and trucks — and one will compete with Tesla’s Model Y
A new Xpeng P7 vehicle is shown in the Xpeng Motors flagship store in a shopping shopping mall. Xpeng P7 is just one of the two preferred versions of Xpeng motors. Zhang Peng | LightRocket | Getty Photos Chinese electric powered carmaker Xpeng teased information about two new automobiles it options to launch upcoming yr, […]
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Chinese Tesla rival Xpeng tanks 12% just after broader-than-expected reduction and weak car or truck delivery guidance
Xpeng mentioned it is assured that the start of the G9 SUV in September along with two new automobile launches in 2023 will support it enter a progress cycle. Chen Yihang | Visible China Group | Getty Pictures Xpeng’s Hong Kong-outlined shares plunged extra than 12% Wednesday after the Chinese electrical car or truck maker […]
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EV maker Polestar to present batteries for ‘flying’ electric powered boats
A Candela boat photographed in Sweden in August 2021. Candela utilizes hydrofoils, which elevate a vessel’s hull over the water’s area when travelling. Mikael Sjoberg | Bloomberg | Getty Images Luxurious EV maker Polestar will provide battery and charging systems to electric boat business Candela immediately after the two Swedish firms signed a multi-12 months […]
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