Electric vehicles

Nikola adjourns shareholder meeting, again, as founder Trevor Milton blocks stock-issue plan
Business

Nikola adjourns shareholder meeting, again, as founder Trevor Milton blocks stock-issue plan

CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters Electric truck maker Nikola once again fell short of winning shareholder approval to raise new funds, the […]

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General Motors will build a network of EV fast chargers at Pilot travel centers along U.S. highways
Business

General Motors will build a network of EV fast chargers at Pilot travel centers along U.S. highways

General Motors is building out a new network of EV fast chargers in partnership with Pilot Co., owner of the Pilot and Flying J highway travel centers, and EV charging network EVgo. The companies will install a total of 2,000 fast chargers at 500 of Pilot’s locations along American highways at intervals of approximately 50 […]

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Hyundai unveils new Ioniq 6 EV — an ‘electrified streamliner’ with unique design
Business

Hyundai unveils new Ioniq 6 EV — an ‘electrified streamliner’ with unique design

The newest electric vehicle from Hyundai Motor is a sedan with a unique bubbly design. The South Korean automaker unveiled the Ioniq 6 Wednesday night as an “electrified streamliner,” a nod to its aerodynamic design that Americans may know best through the design of an Airstream trailer. It’s a major shift in styling from the […]

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Truist initiates coverage of Tesla with a buy rating and ,000 price target
Business

Truist initiates coverage of Tesla with a buy rating and $1,000 price target

Tesla has another bull in its corner. Truist Securities on Wednesday initiated coverage of the electric vehicle maker with a buy rating and price target of $1,000. That represents a more than 40% upside from where shares closed at $711.12 during Wednesday’s session. “We believe the company’s best days, in terms of volume production, product […]

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Polestar says it’s still on track to deliver 50,000 vehicles this year despite Covid-19 disruptions
Business

Polestar says it’s still on track to deliver 50,000 vehicles this year despite Covid-19 disruptions

Attendees view a Polestar 2 electric vehicle (EV) during the Electrify Expo in Irvine, California, U.S., on Saturday, Sept. 18, 2021. Jill Connelly | Bloomberg | Getty Images Swedish electric vehicle maker Polestar said Wednesday that it still expects to deliver 50,000 vehicles in 2022, in line with its earlier guidance, despite Covid-related production challenges […]

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Shares of EV maker Canoo are surging after Walmart agrees to buy 4,500 electric delivery vans
Business

Shares of EV maker Canoo are surging after Walmart agrees to buy 4,500 electric delivery vans

Walmart to Purchase 4,500 Canoo Electric Delivery Vehicles to be Used for Last Mile Deliveries in Support of Its Growing eCommerce Business Courtesy: Canoo | Walmart Electric vehicle startup Canoo said Tuesday Walmart has agreed to buy at least 4,500 of its upcoming electric delivery vans, in a significant win for the embattled vehicle maker. […]

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Ford’s Mustang Mach-E electric crossover is a hit with industry insiders — that could help it take on Tesla
Business

Ford’s Mustang Mach-E electric crossover is a hit with industry insiders — that could help it take on Tesla

Ford’s first real attempt at an electric vehicle has been quite a hit with critics. The Mustang Mach-E replaced the Tesla Model 3 as Consumer Reports’ Top Pick in February 2022. It was named the Top Car in the Automobile Association of America (AAA) Car Guide in May. Car and Driver awarded it the magazine’s […]

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Auto dealerships are facing a shortage of technicians to fix cars. Here’s why
Business

Auto dealerships are facing a shortage of technicians to fix cars. Here’s why

It’s not just hard to buy a new car these days — it’s getting tough to even get one fixed. There just aren’t enough workers to do the job. Dealers and auto repair shops are struggling to recruit and retain technicians and other service department workers. Auto dealerships, like many industries, are feeling the effects […]

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Volkswagen CEO says EV outlook is ‘very good,’ expects to reduce delivery times this year
Business

Volkswagen CEO says EV outlook is ‘very good,’ expects to reduce delivery times this year

An ID. Buzz stands during a plant tour of the production of the ID. Buzz in quality control at the Volkswagen Commercial Vehicles plant in Hanover, Germany, June 16, 2022. Ole Spata | Picture Alliance | Getty Images The CEO of German automotive giant Volkswagen sought to assuage concerns about electric vehicle sales and semiconductor […]

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Chinese automaker Nio reports record EV sales in June as Covid wave fades, but it still lags XPeng and Li Auto
Business

Chinese automaker Nio reports record EV sales in June as Covid wave fades, but it still lags XPeng and Li Auto

Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China. Nio Chinese electric-vehicle maker Nio reported Friday that it delivered nearly 13,000 vehicles in June, up 60% from a year ago, as China’s auto industry continued to rebound after months of pandemic-related disruptions. Its total deliveries of 12,961 […]

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