Electric vehicle maker Workhorse Group said on Thursday two of its top executives, including finance chief Steve Schrader, had left the company and that it had hired new people as part of a management rejig to underpin its commercial goals. The changes signal Workhorse is undergoing a broader management shakeup after Richard Dauch took the… Continue reading Workhorse Group CFO, COO exit in rejig at EV company
Author: Economic Times of India Online News
Union jobs? Ford’s plan for new EV factories raises question
The new factories represent an $11.4 billion bet by Ford on a vision for the future in which tens of millions of drivers will shift from pollution-belching internal combustion engines to EVs. NASHVILLE: Ford‘s blockbuster announcement this week that it would build four sprawling new factories in Kentucky and Tennessee by 2025 and hire nearly… Continue reading Union jobs? Ford’s plan for new EV factories raises question
TotalEnergies, Air Liquide and Vinci launch clean hydrogen infrastructure fund
Total Energies wants to be a pioneer in its mass production PARIS: French companies TotalEnergies , Air Liquide and Vinci announced the launch of what they said would be the world’s largest clean hydrogen infrastructure fund, as companies increase their presence in the green energy sector. The companies said this fund aimed to reach 1.5… Continue reading TotalEnergies, Air Liquide and Vinci launch clean hydrogen infrastructure fund
Production begins at new Alabama auto plant; hiring ongoing
The joint venture said it was in the middle of hiring another 1,700 workers and anticipates reaching up to 4,000 employees once production is in full operation next year. HUNTSVILLE,Alabama: Production has begun at a new auto plant in north Alabama and the companies running the facility continue to hire workers at a brisk pace.… Continue reading Production begins at new Alabama auto plant; hiring ongoing
Shares in Evergrande EV unit plunge as cash dries up
Shares in Evergrande New Energy Vehicle, also known as Evergrande Auto, fell to HK$1.95 in early trading in Hong Kong Monday, after it scrapped the planned Shanghai listing via a Sunday stock exchange filing. Shares in debt-laden Evergrande‘s e-vehicle unit slumped by more than 10 per cent Monday after the firm scrapped a proposed Shanghai… Continue reading Shares in Evergrande EV unit plunge as cash dries up
China’s green car credit system to be replaced as country pursues carbon neutrality
By Yilei Sun and Brenda Goh SHANGHAI: China may replace its green car credit system with a new policy focusing more broadly on reducing carbon emissions, industry executives say. One option being considered is a carbon emissions trading scheme (ETS), three industry executives said. That would address industry concerns that the current system incentivizes electric… Continue reading China’s green car credit system to be replaced as country pursues carbon neutrality
Ford India head quits after company decides to stop making cars in India: Sources
Ford Motor Co’s India head Anurag Mehrotra Ford Motor Co’s India head Anurag Mehrotra has quit the company to pursue other career opportunities, days after the U.S. automaker said it would stop making cars in the Asian nation, taking a hit of $2 billion. Mehrotra, according to his LinkedIn profile, has spent over a decade… Continue reading Ford India head quits after company decides to stop making cars in India: Sources
Workhorse Group to suspend deliveries of flagship electric van
The van has a range of 100 miles and is powered by a 70 kilowatt hour battery. Electric vehicle company Workhorse Group said on Wednesday it would suspend the deliveries of its flagship C-1000 electric van, saying more tests and modifications were needed to ensure it complies with regulatory standards. Workhorse’s shares plunged about 14%… Continue reading Workhorse Group to suspend deliveries of flagship electric van
ARAI develops charger for EVs
Representational Image Pune: The Automotive Research Association of India (ARAI) has indigenously developed a charger for electric vehicles to give a push to the EV ecosystem in the country, as per a statement. ARAI Director Reji Mathai said to promote EVs, infrastructure for charging is important and since the mobility chargers are imported, the association’s… Continue reading ARAI develops charger for EVs
Ola’s EV entry gives spark to price war
While demand is rising for electric two-wheelers, the supply of parts from China has been hit, which is hampering volumes. Ride-hailing firm Ola’s entry into the electric two-wheeler space has triggered a price war in the segment. EV players like Ather, Okinawa, Pure EV, Simple Energy and traditional two-wheeler makers such as TVS Motor Co,… Continue reading Ola’s EV entry gives spark to price war