According to Electric Autonomy Canada, Vietnamese automaker and new entrant to the North American automotive market VinFast unveiled its VF 8 and VF 9 electric SUVs for Canada during a private event earlier this week in Mississauga, Ontario. The VF 8 is expected to arrive in Canada by the end of 2022, and it will be […]
After announcing and deploying price increases on its electric vehicles (EVs), NIO is set to raise prices on the ET7 electric sedan. NIO is planning to raise the starting price for its ET7 electric sedan on May 23, increasing the price by about $1,470, according to CnEVPost. The news comes just as raw material prices are […]
As Subaru begins announcing plans for upcoming electric vehicles (EVs), the automaker has announced plans to build its first EV production facility at its current plant. Subaru is set to add its first EV production line to its Oizumi, Japan factory in the mid-2020s, according to Automotive News Europe. The move will mark a multibillion-dollar […]
BMW is expecting new EVs built on its Neue Klasse EV platform starting in 2025 to be just as profitable as its gas cars, according to Automotive News Europe. Earlier this week at the , BMW CEO Oliver Zipse said the Neue Klasse EV platform “as profitable as vehicles with state-of-the-art combustion engines.” Zipse detailed […]
Volkswagen CEO Herbert Diess spoke virtually at the automaker’s Annual General Meeting on Thursday, singing praises about the company’s financial success last year. Diess said that Volkswagen had a successful 2021, boasting a strong operating result as the company makes major shifts toward electrification, as detailed in a press release on Thursday. Diess said, “We […]
Rivian recalled 502 R1T electric pickups due to sensors in the front passenger seat not disabling the airbag when a child is present, according to Automotive News. The recall is Rivian’s first safety recall, and the automaker said on Tuesday that the occupant system hadn’t been properly calibrated. In the report, Rivian wrote, “The customer […]
Electric vehicle maker Rivian has announced its Q1 2022 earnings, revealing it produced 2,553 vehicles, while delivering 1,227 of them and generating $95 million in revenue. However, Rivian’s net loss in Q1 was $1.59 billion, compared to $410 million in the year-ago quarter, nearly quadrupling. “Since March 31, 2022, we have been forced to stop […]
Volkswagen confirmed on Wednesday it will re-launch its Scout brand in the U.S., as an independent company to design an electric pickup and SUV. The news comes after earlier reports said Scout would relaunch as electric only. The company shared a sketch of what the Scout electric SUV and pickup could look like. Production of […]
The transition to electric vehicles (EVs) is causing brands to revisit old classics, including one Volkswagen classic set to debut on the EV stage. Volkswagen plans to renew the classic Scout as both an electric SUV and an electric pickup, according to a report on Tuesday from The Wall Street Journal. The vehicle, originally marketed […]
Justin, Texas-based electric vehicle startup Canoo announced its Q1 earnings on Tuesday, and the company says it’s running out of cash and may not be able to continue. “We have been clear about our philosophy of raising capital judiciously and will continue with this disciplined approach,” said Tony Aquila, Investor, Chairman & CEO at Canoo, […]
Apple has officially been granted a new patent from the U.S. Patent and Trademark Office (PTO) for an electric vehicle (EV) charger featuring a docking process that would allow for both autonomous charging and for drivers to be able to charge without ever leaving their car — reports Patently Apple. The automotive industry as a […]
Lucid Motors announced on Monday it has started deliveries of its Lucid Air electric sedan in Canada. “Now delivering Dreams to our friends in Canada. Welcome to the #LucidOwnersClub. #DreamAhead”, said the automaker, including a short video of one of its Lucid Air sedans backing out of a trailer, accompanied by the background music of […]
Tesla’s position in the electric vehicle market and the auto market in general are both unmatched, and one legacy automaker’s head is noting that it may make it difficult to achieve some of the company’s lofty goals. Volkswagen may have a hard time reaching its goal of becoming the world’s biggest EV seller by 2025, […]
Ford Motor Co. is planning to sell 8 million shares out of its 12% stake in electric truck startup Rivian Automotive — reports CNBC. Ford will sell the shares through Goldman Sachs, sources told the publication. The veteran automaker currently owns a total of 102 million shares in Rivian. The shares will go on sale for […]
Lucid Group today announced its financial results for the first quarter of 2022 ended March 31. The electric vehicle (EV) startup reported a total of 360 customer deliveries for Q1, with total revenue of $57.7 million USD. In comparison, electric truck startup Rivian delivered 1,227 vehicles during the same period, while Chinese EV maker NIO […]