Toyota will build a $1.29 billion battery factory in North Carolina in an effort to bring some of its electric vehicle supply chain to the US. The news comes on the heels of Toyota’s announcement that it will invest around $13.6 billion in battery tech over the next decade, including a $9 billion investment in… Continue reading Toyota will build a $1.29 billion electric vehicle battery factory in North Carolina
Author: The Verge Online News
Lucid Motors’ mega SPAC merger is under investigation
The Securities and Exchange Commission (SEC) is investigating yet another merger between an EV startup and a special purpose acquisition company, or SPAC. This time, it’s the massive deal from July that turned Saudi-owned Lucid Motors into a publicly traded company worth more than $20 billion. Lucid Motors announced the probe in a Monday morning… Continue reading Lucid Motors’ mega SPAC merger is under investigation
Polestar teases its upcoming electric SUV, the Polestar 3, set for release in 2022
Polestar offered a glimpse of its upcoming electric SUV, the Polestar 3, which will be the Volvo performance sub-brand’s first car manufactured in the United States. The SUV, which is expected to roll out in 2022, will slot into the premium category, putting it in competition with EVs like the Tesla Model X, Audi E-tron,… Continue reading Polestar teases its upcoming electric SUV, the Polestar 3, set for release in 2022
GM won’t make new Bolt EVs until at least late January 2022
General Motors won’t build any new Chevy Bolt EVs until at least the end of January 2022. The automaker will instead stay focused on making replacement batteries for the 140,000-plus Bolts that were recalled earlier this year after a series of fires. The Bolt production line at GM’s Orion assembly plant in Michigan will remain… Continue reading GM won’t make new Bolt EVs until at least late January 2022
General Motors announces it will build a new cathode plant in North America
General Motors announced that it will construct a new cathode factory in North America for its electric vehicle batteries. The factory, which will be built under a joint venture with South Korea’s Posco Chemical, will process cathode active material (CAM), which represents about 40 percent of the cost of an EV battery cell. Much like… Continue reading General Motors announces it will build a new cathode plant in North America
Nissan lays out $17.6 billion plan to electrify its future
Nissan is the latest automaker to announce a plan to spend gobs of money on an ambitious electrification strategy. The company said it will spend 2 trillion yen (around $17.6 billion) over the next five years to accelerate the roll-out of electric vehicles. And to emphasize that point, Nissan unveiled a pack of delightful EV… Continue reading Nissan lays out $17.6 billion plan to electrify its future
Ford drops plan for Rivian-powered EV
Ford no longer plans to make an electric vehicle with EV startup Rivian, CEO Jim Farley tells Automotive News. The Detroit automaker originally announced it wanted to make a Rivian-powered EV in 2019 when it made its first investment of $500 million into the startup. Ford and Rivian already canceled a vehicle they planned to… Continue reading Ford drops plan for Rivian-powered EV
Ford and GM are getting into chip development to help deal with the shortage
A year into the computer chip shortage that’s heavily affecting vehicle production, Ford announced a collaboration with chipmaker GlobalFoundries Inc., as The Wall Street Journal first reported. Ford’s press release about the non-binding agreement is light on specifics but mentions plans “to advance semiconductor manufacturing and technology development within the United States.” Without committing to… Continue reading Ford and GM are getting into chip development to help deal with the shortage
Fisker’s electric Ocean SUV has a rotating center screen
EV startup Fisker Inc. has revealed the production version of its first electric vehicle, the Ocean SUV, at the 2021 LA Auto Show. It’s largely similar to the first prototype that debuted at the 2020 Consumer Electronics Show, though there are a few new standout features — including a 17.1-inch touchscreen that rotates from portrait… Continue reading Fisker’s electric Ocean SUV has a rotating center screen
Kia’s EV9 concept car is a big, boxy vision of our electric future
Kia revealed the EV9 SUV, an extra-large concept EV with Soul-like angularity and an estimated range of up to 300 miles. Like the previously unveiled EV6, the EV9 will be built on Hyundai’s new Electric-Global Modular Platform (E-GMP) that the automaker says will serve as the basis for an entire family of planned EVs. The… Continue reading Kia’s EV9 concept car is a big, boxy vision of our electric future