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:…
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, 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 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…
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 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 (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…
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 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…
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, 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…
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…
