LG Energy Solution (LGES) and General Motor’s (GM) joint venture have decided to slow the construction of their battery plant in Michigan. In 2022, the two companies formed a joint venture and announced their $7 billion electric vehicle (EV) investment in Michigan. The $7 billion factory would produce EV battery Read more
It appears that the Tesla Cybertruck is starting to make a name for itself in tractor pulling events. While the brutalist all-electric pickup truck is still subjected to a notable amount of hate from critics, few can deny the fact that the Cybertruck, thanks to its raw power, is making Read more
Stellantis CEO Carlos Tavares plans to scrap brands that aren’t profitable. Last week Stellantis reported its earnings results for the first half (H1) of 2024. The automaker reported sales of EUR 84,504 million ($91 million), down from EUR 98,063 in the same period last year. Stellantis’ net income for H1 Read more
Tesla (NASDAQ: TSLA) gained over five percent in Monday morning trading as Morgan Stanley listed the automaker’s stock as its top pick in the automotive sector, despite some firms advising short-term caution as the automaker works through margin pressure and a lower growth rate. The company was trading at around Read more
Xiaomi is expected to achieve its annual delivery target for the SU7. Xiaomi recently completed its highly automated electric vehicle (EV) factory in Beijing, which will ramp up production. Earlier this year, Chinese smartphone maker Xiaomi launched its first electric car, the SU7. The smartphone maker turned automaker didn’t waste Read more
LG Energy Solution is engaged in talks with three China-based material suppliers to produce low-cost electric vehicle (EV) batteries for the European market. LGES’ talks with Chinese material suppliers come after the EU Commission started imposing extra tariffs of up to 38% on imported EVs made in China. “We are Read more
Rivian (RIVN) and Volkswagen received the green light from German authorities to form a new joint venture. With “no series competition problems” to worry about, the German Federal Cartel Office approved the Rivian/VW partnership on Monday. more…
In a major milestone, July 28 marked the 100th day of a 144-day stretch in which California supplied 100% of its electricity demand with renewables. more…
A Tesla Model S Plaid has achieved a new record quarter-mile run in a remarkable 8.56 seconds – though it appears to have been gutted quite a bit. more…
Mind you, the driving range boost box that allegedly takes up a third of the electric pickup’s bed doesn’t exist yet.