Rivian announced that it produced 4,401 vehicles in the second quarter, delivering a total of 4,467 from its Normal, Illinois factory, according to a press release on Wednesday. In the first quarter, Rivian produced 2,553 vehicles and delivered just 1,227, so the Q2 results mark a major improvement for the auto startup — and the […]
NIO has announced that it reached a milestone of 10 million cumulative battery swaps, announced the company on Tuesday. NIO reached two million EV battery swaps back in March 2021, and on July 4, 2022, the company says an ES8 at its NIO power exchange station at Shanghai Hongqiao VEG Micro Creative Park, marked the […]
Toyota has run out of a $7,500 tax credit available for buyers of plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) in the U.S. — reports Automotive News. The Japanese automaker reported 3,876 plug-in sales for June, putting the company over the 200,000 credit-eligible sales every automaker is allowed in the U.S. Toyota […]
Chinese electric vehicle (EV) makers NIO, Xpeng, and Li Auto have all shared delivery numbers for the month of June and the second quarter of this year — reports Yahoo Finance. NIO delivered a total of 12,961 vehicles in June, almost doubling up on its 7,024 deliveries from May. The company reported deliveries of 25,059 […]
Audi AG plans to launch 20 new electric vehicles (EVs) between 2023 and 2027, the company’s head of technical development Oliver Hoffman said during a recent press briefing — reports Automotive News. The luxury automaker has had a rough time these past couple of years. Audi, like most other automakers, has been racked with component […]
One analyst is predicting General Motors (GM) and Ford to overtake Tesla’s electric vehicle (EV) market share in the coming years, as competition and new models continue to increase. Senior Auto Analyst John Murphy at Bank of America Merrill Lynch says he’s expecting GM and Ford to each have around 15 percent of the EV […]
Following the Lamborghini CEO’s statements that it hopes to sell gas cars beyond 2030, the automaker has now officially detailed plans to invest nearly $2 billion into going partially electric. Lamborghini plans to invest at least $1.88 billion (1.8 billion euros) into going electric, according to a report from Automotive News Europe shared on Friday. […]
Elon Musk’s underground Tesla tunnel company, The Boring Company, has completed its first passenger station in Las Vegas, after the city approved the company’s expansion to city limits last month. The first passenger station for The Boring Company’s Las Vegas loop was revealed on Thursday, as reported by The Verge. The station marks the first […]
Earlier this month, Chevrolet announced a price cut to its Bolt EV and EUV for 2023 models, by up to 18% off, or about $6,000 USD, compared to 2022 pricing. The price drop came amid rising EV prices due to chip shortages, inflation and supply chain headwinds. It also looked to be a way to […]
Hyundai on Tuesday unveiled the design of its upcoming IONIQ 6 electric vehicle (EV). The company called it an “electrified streamliner with mindful interior design.” The IONIQ 6 is going to be the latest entry in Hyundai’s all-electric IONIQ line. It will follow the IONIQ 5, which has garnered significant success in the market. Hyundai […]
Volkswagen AG has sold minority ownership in its electric vehicle (EV) charging subsidiary, Electrify America, to the financial services arm of Siemens AG. The news comes after we reported on Monday that the two parties were inching closer to a deal. Volkswagen AG confirmed a $450 million equity investment by Siemens to support Electrify America’s […]
Volkswagen AG CEO Herbert Diess said in an address to employees this week that the company could overtake Tesla to become the top electric vehicle (EV) maker in the world by 2025 — reports the Financial Times. Diess said Tesla is “weakening” as it tries to ramp up production at its new Gigafactories in Austin, […]
Volkswagen AG has negotiated an agreement to sell minority ownership in its electric vehicle (EV) charging subsidiary, Electrify America, to the financial services arm of Siemens AG — reports The Wall Street Journal. According to the publication’s sources, the deal would value the EV charging network at more than $2 billion USD. The two parties […]
Ford issued a recall on Monday for its F-150 Lightning electric pickup in the U.S. and Canada, affecting nearly 2,900 trucks. This is the first recall for the F-150 Lightning and it’s due to a software issue, that may not provide enough warning of low tire pressure, reports Reuters. Ford says the tire pressure monitoring […]
GMC today announced ‘Extract Mode’ is coming soon to its Hummer EV, which allows the pickup to “activate its adaptive Air Ride Suspension to raise approximately 6” and overcome tough obstacles in its path.” The automaker says Extract Mode will be arriving in an upcoming software update. There are various modes for the Hummer EV […]
