EVs: Page 4
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Porsche plans majority takeover of Varta battery unit
The automaker expects to participate in the reorganization of the manufacturer, whose lithium-ion cells are used in the hybrid Porsche 911 Carrera GTS.
By Haley Cawthon • Sept. 4, 2024 -
Volvo scales back its EV goals
In 2021, the automaker pledged to be fully electric by 2030. Now, the company is abandoning that goal, focusing instead on “electrified” models.
By Haley Cawthon • Sept. 4, 2024 -
Ford, TXU Energy aim to make at-home EV charging more affordable
The utility is offering the automaker's electric vehicle customers 125 hours of free home charging time a week.
By Kalena Thomhave • Sept. 3, 2024 -
Polestar CEO resigns
The company announced that Michael Lohscheller, who has previously served as CEO of Opel, VinFast and Nikola, will take over as CEO on Oct 1.
By Eric Walz • Aug. 30, 2024 -
A look inside the sixth-generation Waymo Driver
The newest version includes 13 cameras, four lidars, six radar units and external audio receivers for its robotaxis.
By Eric Walz • Aug. 29, 2024 -
GM, Samsung SDI finalize $3.5B battery joint venture
The two companies aim to start production at the Indiana plant in 2027, a year later than previously expected.
By Haley Cawthon • Aug. 29, 2024 -
DOT awards $521M in EV charging grants amid slowing sales growth
The number of public electric vehicle chargers in the U.S. has doubled during President Biden’s term, with about 1,000 being added each week, according to the Department of Transportation.
By Robert Walton • Aug. 27, 2024 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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