EVs: Page 5
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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 -
Courtesy of Tesla Inc.
Tesla recalls over 1.8M vehicles for faulty hood latch switch
Some vehicles’ software may fail to warn a driver that the lock assembly is unsecured.
By Eric Walz • July 30, 2024 -
Permission granted by Rivian Automotive
Rivian chief commercial officer steps down
Kjell Gruner is leaving the EV maker after less than a year in the top sales role.
By Haley Cawthon • July 29, 2024 -
Courtesy of Ford Motor Co.
Ford EV losses mount, weighing on profits
The automaker has lost $2.5 billion on electric vehicles so far in 2024.
By Haley Cawthon • July 25, 2024 -
Courtesy of Tesla Inc.
Telsa Q2 profits sink 45% as deliveries decline again
The electric vehicle maker delivered 22,184 fewer vehicles year over year during the quarter.
By Haley Cawthon • July 25, 2024 -
Courtesy of Cruise LLC
GM shifts AV plans from Cruise Origin to Chevy Bolt
CEO Mary Barra said the move will allow the company to deliver autonomous vehicle technology at scale as quickly as possible.
By Haley Cawthon • July 24, 2024 -
Courtesy of Mercedes-Benz
Coffee and EV charging: Mercedes-Benz partners with Starbucks
The collaboration will add DC fast chargers at 100 retail locations along the 1,400-mile Interstate 5 corridor.
By Haley Cawthon • July 22, 2024 -
Courtesy of Volvo Group
Volvo to receive $208M to accelerate heavy-duty electric truck production
The funds will modify plants in Maryland, Pennsylvania and Virginia, where Mack and Volvo will produce new equipment or powertrain components.
By David Taube • July 22, 2024 -
Courtesy of Volvo Cars
Volvo warns of short-term EV uncertainties
In its Q2 2024 earnings report, the automaker cautioned that its electric vehicle transition will not be a linear one.
By Haley Cawthon • July 19, 2024 -
Courtesy of VinFast
Construction project abandonments surge
A growing number of developments are also delayed, including VinFast's $2 billion facility in North Carolina.
By Sebastian Obando • July 18, 2024 -
Tomohiro Ohsumi via Getty Images
Quarterly sales roundupQ2 auto sales roundup: Toyota, BMW sprint ahead
Meanwhile, Stellantis, Tesla and Mercedes-Benz saw deliveries stall during the tough quarter.
By Haley Cawthon • July 18, 2024 -
Courtesy of Vinfast.
VinFast pushes back North Carolina factory timeline
The EV startup says production is now expected to begin in 2028.
By Haley Cawthon • July 17, 2024 -
Courtesy of Tesla Inc.
Owners report more problems with EVs than gas vehicles: JD Power
New technology in cars is driving an increase in owner complaints, a June study found.
By Kalena Thomhave • July 17, 2024 -
Courtesy of Stellantis
Stellantis offers new EV incentives
Customers will have a choice of a free home charger or a $600 credit to pay for public charging sessions.
By Eric Walz • July 15, 2024 -
Courtesy of Toyota Motor Corp
Toyota joins EV charging network Ionna
The company is teaming up with seven other automakers, including General Motors and Stellantis, as an investor and founding partner in the joint venture.
By Haley Cawthon • July 15, 2024 -
Courtesy of Business Wire
Volkswagen subsidiary PowerCo lands battery tech licensing deal
QuantumScape says its solid state battery technology can allow an EV to travel up to 500,000 kilometers (roughly 311,000 miles) without any noticeable loss of range.
By Eric Walz • July 15, 2024 -
Courtesy of Polestar
EV maker Polestar risks Nasdaq delisting
The company has until Jan. 2 to regain compliance by maintaining the stock market's $1 minimum bid price requirement for at least 10 days.
By Haley Cawthon • July 15, 2024
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