Nissan Motor Co., once a pioneer in electric vehicles with the Leaf, reported a staggering $4.5 billion net loss for fiscal 2024, its worst financial performance in 25 years, prompting a drastic restructuring plan. Bloomberg reported that the Japanese automaker…
Mercedes-Benz and U.S. battery startup Factorial are collaborating on a solid-state battery that aims to significantly boost electric vehicle (EV) range by the end of the decade. This new battery, named Solstice, is expected to extend EV range by about…
Taiwanese electronics giant Foxconn is making a bold move into the electric vehicle (EV) market, according to the New York Times. The company, best known for manufacturing iPhones, is planning to build a 700-acre campus dedicated to EV production in…
Musk Slams New US Tariffs Tesla CEO Elon Musk has come out strongly against the new US tariffs on Chinese electric vehicles (EVs). His comments follow President Joe Biden’s decision to drastically increase these tariffs, quadrupling them in the process.…
Market Debut Challenges for Foxconn’s EV Unit Foxconn’s foray into electric vehicles encountered a bumpy start as Foxtron Vehicle Technologies, its dedicated EV unit, stumbled in its market debut. Despite recovering from an initial 9% drop, shares reportedly closed down…
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