Volkswagen Bets Big on Rivian: $5 Billion Investment Shakes Up EV Industry
According to Bloomberg, Volkswagen has made a bold move in the electric vehicle (EV) market, agreeing to invest up to $5 billion in American EV startup Rivian. This partnership aims to accelerate the development of cutting-edge electric vehicle technology and…
Germany Walks Tightrope as EU-China Trade War Looms
Germany finds itself in a precarious position as tensions escalate between the European Union and China over proposed tariffs on electric vehicles. The country’s deep economic ties with both sides have put it at the center of a brewing trade…
China’s $230 Billion EV Gamble: Subsidized Yet Striking
China has poured a staggering $230.8 billion into its electric vehicle (EV) industry over the past decade, according to a new analysis by the Center for Strategic and International Studies (CSIS). This massive government support, representing nearly 19% of total…
China Threatens Retaliatory Tariffs on EU Cars as Trade Tensions Escalate
Chinese Car Companies Demand 25% Tax on European Vehicles Chinese car companies have called on their government to impose import taxes of up to 25% on European Union (EU) rivals if the bloc follows through with its threat to impose…
Tesla Model 3 Long Range Now Qualifies for $7,500 Tax Credit, Undercutting Average New Car Price by Nearly $15K
The Tesla Model 3 Long Range has become fully eligible for the $7,500 federal tax credit for electric vehicles (EVs) in the United States. This credit applies to EVs with batteries originating from the U.S. and is taken off at…
Tesla Revs Up Plans for New Store in Booming Wesley Chapel
Tesla, the trailblazing electric vehicle manufacturer, is reportedly gearing up to open a new dealership and service center in Wesley Chapel, Florida. The proposed 50,353-square-foot facility would join the ranks of other luxury car brands like Lexus, Audi, and BMW…
Fisker’s Electric Dreams Crash as EV Startup Files for Bankruptcy
Fisker, the struggling electric vehicle startup, has filed for Chapter 11 bankruptcy amid mounting financial woes and production challenges. The company, known for its Fisker Ocean electric SUV, had previously warned of a potential collapse due to insufficient funds to…
Tesla Sues Ex-Supplier for Alleged $1B+ Battery Trade Secret Theft
Tesla has filed a bombshell lawsuit against its former supplier Matthews International, accusing the company of stealing trade secrets related to electric vehicle battery technology and sharing them with Tesla’s competitors. The suit, filed Friday in California federal court, claims…
Tesla in Self-Drive Mode Slams into Police Car in Orange County
Self-Driving Tesla Crashes into Parked Patrol Vehicle A Tesla Model S in self-driving mode crashed into a parked police car in Orange County, California, on the same day Elon Musk’s substantial pay package was approved at Tesla’s annual shareholders meeting…
Tesla Shareholders Reaffirm $45 Billion Pay Award for Elon Musk
Musk’s Lucrative Compensation Plan Gets Green Light Tesla shareholders have reaffirmed a massive $45 billion pay package for CEO Elon Musk, overturning a court decision that blocked the award. The vote, which took place at Tesla’s annual meeting in Austin,…
McKinsey Study Reveals Growing Dissatisfaction Among EV Buyers
The electric vehicle (EV) industry is reportedly facing a significant challenge as a substantial percentage of EV buyers in the United States are considering returning to combustion engine cars. According to a McKinsey & Co. survey, almost 40% of U.S.…
China Slams EU’s “Wrong Practices” on EV Tariffs, Urges Dialogue
China has strongly criticized the European Union’s decision to impose tariffs of up to 38.1% on Chinese electric vehicles, calling it protectionist behavior and urging the EU to correct its “wrong practices,” reports Reuters. The reaction from China and other…
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