Texas Greenlights Tesla Tech for EV Chargers Amid Controversy
In a groundbreaking decision, Texas has given the nod to a plan that mandates electric vehicle (EV) charging stations to incorporate Tesla’s technology. This move comes despite concerns from various sectors. The Lone Star State, set to receive a significant…
Tesla Unveils More Affordable Model S and Model X, But Questions Arise
Big news from Tesla: the electric carmaker has rolled out more budget-friendly options for their Model S and X cars. These new “Standard Range” variants reportedly come at a cool $10,000 less than the base model. But here’s the catch:…
General Motors Takes Charge in EV Battery Revolution
There’s big news in the electric vehicle (EV) world. General Motors (GM), the automotive giant, revealed on Wednesday its latest strategic move: a hefty $60 million investment in Mitra Chem, a budding Silicon Valley startup. What’s the deal with Mitra…
VinFast Shines on Nasdaq Debut, Surpassing Veteran Automakers
VinFast, the Vietnamese electric vehicle (EV) manufacturer, made a splash in its debut as a publicly traded entity on the Nasdaq, a testament to the investors’ growing interest in EV start-ups backed by special-purpose acquisition companies (SPACs). The company recently…
Tesla’s Charging Standard Takes the Lead
Tesla seems to have secured its position as the dominant player in the U.S. electric vehicle (EV) charging scene. With only a few minor battles left to fight, another significant adopter has jumped aboard. On Tuesday, EV newcomer Fisker confirmed…
Nio Inc. Faces Lawsuit Over Alleged Factory Claims Misinformation
Chinese electric vehicle producer, Nio Inc., is under scrutiny. A U.S. judge has given the green light for Nio investors to pursue a class action lawsuit. They claim that Nio misled them about constructing its own factory in Shanghai during…
Opel Unveils Futuristic EV Concept with Unique Features
Opel is stirring up excitement in the automotive world, even before the release of their all-electric vehicles. Their latest unveiling, the Experimental concept, showcases a range of innovative features, from a retractable steering wheel to advanced projection technology for the…
General Motors Faces Challenges in Electric Vehicle Production
General Motors (GM) is wrestling with the production of their electric vehicles, as revealed by a top executive this Wednesday. GM’s Chief Financial Officer, Paul Jacobson, speaking at a J.P. Morgan investor conference, pointed out issues concerning the assembly of…
House of Lords Delves into UK’s Electric Vehicle Transition
Britain’s upper parliamentary chamber, the House of Lords, announced on Wednesday its intent to deeply scrutinize the country’s shift to electric vehicles (EVs). This initiative will focus on several aspects, including the government’s timeline for phasing out combustion engine cars,…
Li Auto Sets Ambitious Goal to Lead China’s Premium Car Market by 2024
Li Auto, an emerging Chinese automaker, has its sights set on outpacing luxury car giants BMW, Mercedes-Benz, and Audi in its domestic market by 2024. The company’s CEO, Li Xiang, reportedly confidently proclaimed on Tuesday, “We would strive to become…
Rivian Optimistic About Future Production and Financial Health
Rivian Automotive, the Amazon-backed electric vehicle (EV) manufacturer, provided a refreshing update on Tuesday, elevating its annual production expectations. Additionally, the company’s chief executive assured stakeholders of its solid financial health, projecting sufficient funds to operate smoothly until 2025. In…
Tesla’s CFO Steps Down, New Face Takes the Helm
In a significant corporate reshuffle, Tesla, the world’s top automaker in valuation, announced on Monday that its chief financial officer, Zachary Kirkhorn, is stepping down. After a remarkable 13-year journey with the company, Kirkhorn will make way for Vaibhav Taneja,…
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