Volvo has debuted its compact SUV, the all-electric EX30, promising to deliver the brand’s trademark safety and Scandinavian sophistication, while also promising the smallest carbon footprint of any Volvo to date. The announcement was made at a global unveiling in Milan, Italy. The EX30 is a first-of-its-kind small premium SUV in Volvo’s lineup, reflecting the […]
Today, Polestar released its latest over-the-air (OTA) software update, P2.9, to all existing Polestar 2 vehicles. This marks the fifteenth OTA software enhancement for Polestar 2 since 2020. The upgrade comes with a host of advancements, including the addition of the YouTube app, which will also come pre-installed in all future vehicles. This feature, however, […]
Lucid Group, Inc. has officially declared the start of a public offering of 173,544,948 shares of its common stock today, May 31, 2023. This move by Lucid Group is set to raise around $3.0 billion in gross proceeds. BofA Securities, Inc. will serve as the book-running manager for this offering. The shares will be available […]
In what looks to be a surprise move, Ford announced today that it has reached an agreement with Tesla, granting Ford electric vehicle (EV) customers access to over 12,000 Tesla Superchargers across the U.S. and Canada. This move, set to take effect in early 2024, will effectively double the number of fast-chargers available to Ford […]
Chinese electric vehicle (EV) manufacturer XPeng has reported a significant drop in sales for the first quarter of 2023. The company’s revenue for the quarter was RMB 4.03 billion ($590 million), marking a staggering 45.9% decrease compared to the same period last year, and a 21.5% sequential decrease from Q4 2022. The company’s net loss […]
Ford CEO Jim Farley has revealed exciting details about the company’s electric vehicle (EV) initiatives during a Capital Markets day for investors. The highlight of the presentation was the unveiling of a new battery-electric three-row SUV set to launch in 2025. This vehicle will be the people-hauler sibling of the successor to the F-150 Lightning, […]
Bridgestone has made a significant leap in the electric vehicle (EV) market with the global launch of its Turanza EV grand touring tire. This tire is specifically designed for premium electric vehicles, and is the first replacement tire from the company to feature the revolutionary Bridgestone ENLITEN technology. The Turanza EV tire, which is now […]
Stellantis has abruptly ceased construction on certain segments of its planned electric vehicle (EV) battery factory in Windsor, Ontario, Canada. The automotive manufacturer announced on Monday that the halt comes in response to a conflict with the Canadian federal government over financial assistance. The automotive giant accuses Ottawa of failing to deliver on a previously […]
Swedish electric automaker, Polestar, has announced a delay in the production of its Polestar 3 model, now expected to begin in the first quarter of 2024. The decision comes in light of necessary additional time for final software development on the new all-electric platform shared by Volvo Cars. Earlier today, Volvo announced it would be […]
Volvo has announced its EX90 electric flagship SUV will be delayed. The company made the announcement on Thursday, stating the upcoming EV “is a very exciting and important car for Volvo Cars, representing the start of a new era for the company and introduces a new generation of technology – hardware and software.” As for […]
Electric vehicle automaker Rivian announced on Tuesday a first-quarter loss that was less than anticipated. After the announcement, Rivian’s stock is now up 5.7% in after-hours trading. As per consensus estimates by Refinitiv, Rivian’s adjusted loss per share for this quarter was $1.25, better than the expected $1.59. The company also surpassed projected revenue, with […]
Electric vehicle maker Lucid Group announced widening losses for Q1 2023 but confirmed that it has enough cash to continue operations into 2024. The news resulted in shares dropping over 8% in after-hours trading. “We are on track to produce over 10,000 vehicles in 2023, with company-wide initiatives ongoing that will enable Lucid to pivot […]
Ford announced on Wednesday that it is once again reducing prices on its battery-electric crossover, the Mustang Mach-E, by up to $4,000 USD. This move comes as an electric vehicle (EV) price war appears to be brewing, with the Dearborn automaker responding to aggressive price cuts by EV market leader Tesla. The lowest-priced model, the […]
Samsung SDI and General Motors (GM) have announced plans to establish a joint venture (JV) for the production of battery cells for electric vehicles (EVs) in the United States. The companies intend to invest over $3 billion in the JV, which will have an annual production capacity of more than 30 gigawatt-hours. Mass production is […]
Lucid Group has announced that their upcoming Lucid Gravity electric SUV is advancing to its latest phase of development and testing. Building on the success of the Lucid Air, the Gravity SUV is now undergoing public road tests across the U.S. “I am excited to see the Gravity SUV moving forward so quickly in its […]
