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 […]
Volkswagen on Monday unveiled a concept for its first all-electric limousine, the ID. AERO, in China. The car will be the German automaker’s first global, fully-electric sedan and the sixth member of the ID. family after the ID.3, ID.4, ID.5, ID.6, and ID. Buzz. “With the ID. AERO show car, we are revealing a preview […]
Volkswagen Group of America has lost two key electric vehicle executives, ahead of the company’s plans to ramp up production of its ID.4, reports Automotive News. VW Group of America’s vice president for e-mobility, Matt Renna, has departed the company. He has since become head of hardware for autonomous delivery vehicle company Nuro in March, […]
The Vision EQXX electric vehicle (EV) from Mercedes-Benz has set a new record for range, travelling 747 miles (1,202 km) from the company’s home base in Stuttgart, Germany to the Silverstone racetrack in the U.K. on a single charge — reports CNET. Mercedes’s Vision EQXX toppled its own previous record, which was 626.3 miles (1,007 […]
It’s been a big week for Polestar, as it has now finalized its Special Purpose Acquisition Company (SPAC) merger and has officially gone public. Polestar began trading on Nasdaq under the ticker “PSNY” on Friday, after the company finalized a SPAC deal with Gores Guggenheim, according to CNBC. Gores Guggenheim is an affiliate of The […]
A new move from Ford could force drivers of leased F-150 Lightning, Mustang Mach-E and E-Transit vans to return the vehicles to dealers after the leasing period is up. Ford is doing away with the option to purchase its EVs at the end of lease periods, according to a letter to dealers recently discovered by […]
General Motors (GM) will put its luxury sector to the test in an upcoming release, as it prepares to build fewer than 500 units annually of an upcoming electric vehicle (EV). GM plans to debut the upcoming Cadillac Celestiq EV sedan for around $300,000, according to sources familiar with the matter, as reported by The […]
The world’s largest producer of battery cells, Contemporary Amperex Technology Co. Ltd (CATL), has just unveiled a new battery pack technology featuring a higher integration level. CATL launched its “Qilin” battery this week, a next-generation cell-to-pack technology that can easily offer a range of over 1,000 km (621 miles), according to a press release shared […]
Polestar unveiled a pre-production version of the Polestar 5 on Thursday at the Goodwood Festival of Speed in West Sussex, as detailed by InsideEVs. The automaker’s flagship EV has been described as a “high-performance electric 4-foor GT with proper sports car credentials,” and it’s expected to include a new high-end powertrain currently being developed in […]
“Plug and Charge,” a streamlined electric vehicle (EV) charging technology that’s been around since 2014, is set to gain a new automaker as a partner, letting drivers easily plug in and automate payment plans at several charging stations. General Motors (GM) said on Wednesday it plans to join a handful of automakers equipped with Plug […]
Dodge plans to share details about its electrified future during the Dodge Speed Week event in August, revealing at least three separate muscle cars at the event. The Speed Week event will take place on Detroit’s famed Woodward Avenue from August 12 and 20, will supposedly hold enough news to fill an entire calendar year, […]
