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,…
Subaru Shifts Gears: Targets Half of Sales from Battery EVs by 2030
Subaru, the renowned Japanese automaker, has revved up its efforts in green energy by setting an ambitious target. The company aims to sell 600,000 battery electric vehicles (EVs) annually by 2030, making up half of its global sales. This move…
Exxon Mobil Jumps into the Electric Car Game
Oil titan Exxon Mobil is venturing into the electric vehicle (EV) industry, looking to supply lithium to leading automakers, according to Bloomberg Law. Talks are underway with major players such as Tesla, Ford, and Volkswagen, among others. The negotiations also…
Tesla Under Fire for Exaggerated EV Ranges
Tesla, the renowned electric vehicle manufacturer, is under scrutiny, with accusations of inflating the driving range figures displayed on their dashboard, as reported by Reuters. This claim could shake the trust of EV drivers who rely heavily on accurate range…
Skoda Speeds Ahead with 35% Profit Jump
In a rebound reflecting the stabilization of the supply chain, Skoda Auto, the Czech unit of Volkswagen Group, reported a year-on-year surge of 35% in its first-half operating profit. This significant leap forward is an encouraging sign for the Czech…
Vietnam’s EV Powerhouse VinFast Eyes U.S. Listing
In a significant move towards global expansion, Vietnam‘s premier electric vehicle (EV) manufacturer, VinFast, is poised to make its grand entrance on the US stock market in August. This news comes in the wake of the U.S. Securities and Exchange…
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