Stellantis to Spend $2.79 Billion to Retool Canadian Plants for EV Production
Just a few months after Stellantis and LG Energy announced plans to build an electric vehicle (EV) battery factory in Ontario, the automaker has doubled down on plans…
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Rivian’s $5 Billion U.S. Plant in Georgia Approved: Here’s What It’ll Look Like
Rivian announced on Monday its second U.S. plant has been approved by the State of Georgia. The electric automaker’s Georgia plant was approved and signed by all parties,…
Volkswagen Picks Qualcomm Chips for Self-Driving Car Tech: Report
As the automated driving race begins heating up, many automakers are teaming up with other companies for the supply of automated driving chips. Volkswagen plans to use Qualcomm…
White House to Invest $3.1 Billion to Boost U.S. EV Battery Output
The U.S. government says it will invest over $3 billion USD to boost domestic electric vehicle battery output and for energy storage. The announcement was made on Monday…
NIO, Li Auto, Xpeng See Sales Drop in April, Due to COVID-19 Lockdowns
Chinese electric vehicle (EV) maker NIO on Sunday announced delivery numbers for the month of April, along with rivals Li Auto and Xpeng. NIO delivered a total of…
Lucid Motors CEO Takes Home $263 Million Performance Bonus
Lucid Group CEO Peter Rawlinson bagged a whopping $263 million USD worth of performance-based stock awards last year as a result of a brief summit in the company’s…
Amazon Takes $7.6 Billion Hit on its Rivian Investment in Q1
After Ford announced a $3.1 billion loss on its 12% stake in electric vehicle automaker Rivian yesterday, Amazon has similarly announced a loss from the recent downfall of…
Formula E and FIA Unveil Gen3: Fastest Electric Race Car Yet
Formula E and the Fedration Internationale de l’Automobile (FIA) on Thursday unveiled the Gen3 — an all-electric high-performance sports car set to debut in Season 9 of the…
Ford Reports $3.1 Billion Loss in Q1, Due to Rivian Investment
Ford, an early backer of Rivian, posted a $3.1 billion loss, due to the EV startup’s shares sliding since its November IPO, according to CNN. Ford invested around…
2022 GMC Hummer EV Sold for $260,420–More Than 2x the Sticker Price
The first round of reviews for the GMC Hummer electric vehicle (EV) hit the web this month, with some of them even selling for as much as $250,000.…
Polestar 2 Gets Design Update, New Features and More
Swedish electric vehicle (EV) maker Polestar on Wednesday announced several new features and design updates for the Polestar 2, along with advancements in sustainable sourcing of raw materials…
Lucid Announces Sale of 100,000 Vehicles to its Investor Saudi Arabia
Lucid Motors announced a deal with the Government of Saudi Arabia for the sale of 100,000 EVs, as detailed on Tuesday in a press release. The sale of…
2023 Subaru Solterra EV Pricing from $44,995
Reservations for the Solterra EV from Subaru launched in February for just a $250 deposit, and this week the automaker has unveiled pricing for the electric SUV. Subaru…
Ford Plans to Challenge Tesla to Become Top EV Maker in the World: CEO
Ford CEO Jim Farley took the stage on Tuesday at a launch event for the F-150 Lightning, the veteran automaker’s first-ever all-electric pickup truck. Farley also touched upon…
Ford Starts Production of F-150 Lightning Electric Trucks
Ford began producing the F-150 Lightning on Tuesday, the legacy automaker’s first-ever all-electric pickup truck, according to the American automaker. Production of the Ford F-150 Lightning is taking…