EVs: Page 3
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Courtesy of Cruise LLC
GM recalls entire Cruise fleet for unexpected braking
The NHTSA concluded that a software fault contributed to 10 crashes, four of which involved a vulnerable road user and resulted in injury.
By Eric Walz • Aug. 26, 2024 -
Courtesy of Tesla Inc.
Longtime Tesla finance VP bids farewell
Eleven-year veteran Sreela Venkataratnam resigned, writing in a LinkedIn post that the company is “not for the faint of heart.”
By Haley Cawthon • Aug. 26, 2024 -
Courtesy of Toyota
DOE doles out another $50M to support EV manufacturing
The Biden-Harris administration said the funding will go to six states with “significant automotive workforces” to help suppliers adapt their facilities.
By Haley Cawthon • Aug. 22, 2024 -
Courtesy of Ford Motor Co.
Ford scraps electric SUV plans, delays next-generation truck
The automaker is taking a $400 million hit as it shifts its electrification strategy yet again.
By Haley Cawthon • Aug. 21, 2024 -
Courtesy of Stellantis
Stellantis taps Rivian exec to lead North American manufacturing
Tim Fallon will step into the role on Sept. 2, after leading the EV startup’s manufacturing for more than two years.
By Haley Cawthon • Aug. 21, 2024 -
Tim Boyle via Getty Images
Goodyear to expand Ontario tire factory for CAD $575M
The project, set to be complete by mid-2027, aims to meet growing demand in EV and all-terrain markets.
By Joelle Anselmo • Aug. 20, 2024 -
Spencer Platt via Getty Images
Uber and BYD partner to introduce more EVs to global markets
The project aims to add 100,000 EVs to the ride-hailing platform.
By Kalena Thomhave • Aug. 19, 2024 -
Courtesy of Rivian
Rivian chief communications officer departs
Sarah O'Brien, the third senior executive to depart the EV maker this summer, had been with the company for just over a year.
By Haley Cawthon • Aug. 19, 2024 -
Courtesy of ChargePoint, Inc.
ChargePoint unveils its ‘Omni Port’ EV charging solution
The charging adapter works with Tesla and non-Tesla vehicles at the company's public stations.
By Eric Walz • Aug. 15, 2024 -
Courtesy of General Motors
GM recalls over 21K Cadillac Lyriq EVs
The model’s anti-lock braking system may activate unexpectedly, the National Highway Traffic Safety Administration says.
By Eric Walz • Aug. 15, 2024 -
Courtesy of Polestar
Polestar starts US production, skirting tariffs
The South Carolina plant will manufacture the Polestar 3 electric SUV for North America and Europe.
By Haley Cawthon • Aug. 14, 2024 -
Courtesy of LG Energy Solution
Market headwinds force owners to hit the brakes on EV projects
Financing woes, soaring material prices and waning demand are causing auto and battery makers to delay jobs, even those that have already started.
By Sebastian Obando • Aug. 13, 2024 -
Courtesy of American Honda
Honda posts record-high quarterly profit on strong hybrid sales
Earlier this year, the automaker detailed its efforts to gain a competitive advantage by increasing R&D spending on hybrid vehicles.
By Haley Cawthon • Aug. 8, 2024 -
Courtesy of Rivian Automotive
Rivian already sees tailwinds from VW partnership
CEO RJ Scaringe said the EV maker expects to achieve more favorable pricing from its suppliers as a result of the deal.
By Haley Cawthon • Aug. 7, 2024 -
Courtesy of Lucid Group
Lucid secures $1.5B from largest shareholder
The funding will extend the EV maker’s runway to the end of 2025, according to its principal accounting officer.
By Haley Cawthon • Aug. 6, 2024 -
Courtesy of Continental AG
Continental mulls spinoff of its automotive business
The company cited the industry’s software-driven technology transformation as one of the reasons for the potential move.
By Eric Walz • Aug. 6, 2024 -
Courtesy of Honda Motor Co.
Nissan, Honda join forces to research vehicle technologies
The two companies believe that software, autonomous driving, connectivity and AI will determine the value of vehicles in the future.
By Eric Walz • Aug. 5, 2024 -
Lukas Schulze via Getty Images
Auto industry’s innovation push brings ‘startup’ capital structure
As automakers juggle EV resource allocation, regulation and macroeconomics, they are operating more like startups, according to the most recent Hackett Working Capital Survey.
By Adam Zaki • Aug. 5, 2024 -
Courtesy of Volkswagen
Volkswagen looks to drive down costs as overhead increases
The automaker aims to improve profitability across its brands, while also pushing early retirements and hiring freezes.
By Haley Cawthon • Aug. 2, 2024 -
Courtesy of Toyota Motor North America
Toyota sales dropped over 20% in Japan in Q1
But sales gains in the U.S., Europe and Asia helped the automaker post a profitable quarter.
By Eric Walz • Aug. 2, 2024 -
Courtesy of Addionics
GM Ventures leads $39M funding round for battery technology startup
Addionics intends to use the funds to build its global workforce and expand manufacturing and commercialization efforts.
By Haley Cawthon • Aug. 1, 2024 -
Courtesy of Mercedes-Benz
3 things influencing Mercedes-Benz’s strategy in China
CEO Ola Källenius believes more than 90% of BEV makers in the country are burning cash.
By Haley Cawthon • July 31, 2024 -
Courtesy of Ford Motor Co.
Sunrun, BGE launch first US electric vehicle-to-home virtual power plant
The initiative kicks off with just three customers but is “a significant proof of concept ... and the goal is to expand these programs all around the country,” said Sunrun CEO Mary Powell.
By Robert Walton • July 31, 2024 -
Courtesy of Hyundai Motor America
Hyundai’s hybrid vehicle sales jump over 26% YoY
The automaker posted two consecutive quarters of double-digit growth in the segment.
By Eric Walz • July 31, 2024 -
Courtesy of BMW Group.
BMW plans 5 EV battery factories across 3 continents
Assembly plants for the automaker’s sixth-generation, high-voltage batteries are under construction in the U.S., Germany, Hungary, China and Mexico.
By Haley Cawthon • July 31, 2024
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