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 […]
Tesla is helping the world transition to electric vehicles (EVs) with its lineup, and its cars are being recognized as some of the top contenders for awards in the U.S. The Tesla Model Y has earned the title of “best luxury electric SUV” from U.S. News, according to U.S. News last month (via Teslarati). Tesla’s […]
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 […]
Last week, Tesla CEO Elon Musk was asked when the next version of Full Self-Driving (FSD) beta would be released. Musk said the next FSD beta version 10.12 would “probably” start rolling out this week, either on Wednesday or Thursday. Fast forward to this week, and Musk has provided an update on FSD beta 10.12. […]
Hirokazu Umeda, chief financial officer (CFO) of Panasonic, said during a post-results briefing that the company is being asked by Tesla to increase the supply of 2170 battery cells and to speed up the development of its next-generation 4680 batteries — reports Bloomberg. Following news of Panasonic pondering a new U.S. battery factory in Oklahoma or […]
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 growth in electric vehicle (EV) popularity is well underway with consumers, just as new EV registrations are increasing in the U.S. market. The U.S. saw EV registrations surge by 60 percent in Q1, with Tesla leading the charge and Hyundai and Kia both helping in the push, according to Experian data, reports Automotive News. […]
Tesla CEO Elon Musk emphasized how high the demand for the automaker’s electric vehicles (EVs) is right now, saying the automaker may need to pause orders or stop them altogether for new cars. Musk says Tesla may stop taking orders for some of its models due to long delivery timelines, according to his interview with […]
Demand for Teslas, and electric vehicles (EVs) in general, is sky-high right now, with supply issues exacerbating delayed delivery timelines in recent weeks. Tesla has updated its Model 3 order page to include a delivery timeframe instead of showing a specific delivery month, reflecting the automaker’s U.S. orders (via @Tesla_Adri). In addition to the switch, […]
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 […]
Tesla CEO Elon Musk tweeted he had funding to take Tesla private in 2018, though a judge recently ruled his since notorious “funding secured” tweet was actually inaccurate. A court said that Musk’s 2018 tweet claiming he had secured funding to take Tesla private included “nothing concrete,” about Saudi Arabia’s funding, according to Reuters. The […]
After Tesla’s 22-day production halt at its Gigafactory Shanghai, the automaker is officially exporting cars once again after not exporting any in April. Tesla exported its first vehicles from Gigafactory Shanghai since reopening, a 4,767 car shipment headed for Slovenia, according to Reuters. Originally reported by China-backed newspaper the Shanghai Observer, the shipment left on the […]
