Tesla Earns 8x More Profit Per Car than Toyota, Says Report
Tesla’s per-car earnings generated eight times as much profit as Toyota in an analysis of July through September sales, according to a report from Nikkei. The news of…
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Foxconn Investing $170 Million into Lordstown Motors
The world’s largest electronics contract manufacturer, Foxconn, has announced another huge capital investment into Lordstown Motors as it prepares to build electric vehicles (EVs) in Ohio. Foxconn is…
Lucid Motors Launch Event Set for Nov. 15, Gravity SUV Might Debut
Lucid Motors is set to hold a launch event on November 15, according to a teaser shared on Twitter on Thursday. “There’s something in the Air — and…
Polestar Secures $1.6 Billion in Funding from Main Shareholders
Polestar has secured $1.6 billion in financing from its major shareholders Volvo Car and PSD investment, as reported by Reuters on Thursday. The company said the funding will…
BMW Asks Suppliers to Shift to EV Parts; Direct Car Sales to Customers are Coming
BMW is asking its existing supplier network to make parts for its upcoming electric vehicles (EVs) factory in Spartanburg County, South Carolina, and the project is being led…
Dodge Charger Daytona SRT Electric Concept Revealed
Stellantis unveiled the Dodge Charger Daytona SRT Concept at the 2022 Specialty Equipment Market Association (SEMA) show in Las Vegas, Nevada, taking place on Tuesday until November 4,…
NIO, Xpeng, Li Auto Sales Drop Due to COVID-19 Control Efforts in China
NIO, Xpeng Motors and Li Auto all saw their deliveries drop amidst COVID-19 prevention procedures in China, according to a report from the South China Morning Post. In…
Comma AI’s George Hotz ‘Taking Time Away’ from the Self-Driving Company
Comma AI President George Hotz said he plans to take time away from the company, and seems to be stepping away to a different venture, as seen in…
Mazda Plans to Tweak EV Strategy Along with New ‘Brand Purpose’
Mazda is looking to unveil a new midterm plan for its electric vehicle (EV) strategy in November as it shifts to a “brand purpose” through 2030, according to…
VinFast and CATL to Partner for Electric ‘Skateboard’ Chassis Products
Contemporary Amperex Technology Co. Ltd (CATL) signed a Memorandum of Understanding (MOU) with VinFast Trading & Manufacturing Joint Stock Company to cooperate on expanding collaboration on intelligent electric…
Rivian Delays Max Pack R1T Deliveries to Spring 2023
Rivian has pushed back deliveries of R1T electric trucks configured with Max packs, the automaker’s largest battery option, to Spring 2023 at the earliest for Dual-Motor variants, and…
General Motors ‘Pauses’ Twitter Advertising Following Elon Musk Takeover
General Motors is “pausing” all paid advertising on Twitter after Elon Musk completed his $44 billion USD acquisition of the social network and assumed corporate control on Thursday…
Ford Delays Deadline for Dealership EV Spending Requirements
After Ford announced mandatory upgrades to dealerships that want to sell electric vehicles (EVs), and now the company is pushing back its deadline for dealers to decide on…
Petro-Canada Blames Charging Network Woes on COVID-19, Supply Chain
Petro-Canada has been working on building out a charging network across the country for well over a year now, and new updates show the company working to improve…
Argo AI Self-Driving Startup Shutting Down After Ford, Volkswagen Back Out
During the third quarter, Ford shifted away from capital spending on Level 4 advanced driver assistance systems that were in development by Argo AI, instead choosing to focus…