A ChargePoint electric vehicle charging station at Walnut Creek City Hall parking lot, Walnut Creek, California, April 18, 2023. Smith Collection/gado | Archive Photos | Getty Images Shares of EV charging network operator ChargePoint Holdings closed sharply lower Wednesday after the company said it’s raising $232 million via stock sales. The company’s stock was down… Continue reading ChargePoint shares fall after EV charging operator announces $232 million raise
Author: CNBC Online news
Stellantis, Samsung SDI to build $3.2 billion EV battery plant in Indiana
The Dodge Charger Daytona SRT Concept all-electric muscle car is shown at its world reveal during Dodge’s Speed Week at M1 Concourse in Pontiac, Michigan, Aug. 17, 2022. Bill Pugliano | Getty Images DETROIT — Samsung SDI and automaker Stellantis plan to invest more than $3.2 billion in a new electric vehicle battery plant in… Continue reading Stellantis, Samsung SDI to build $3.2 billion EV battery plant in Indiana
General Motors reaches deal with Canadian autoworkers hours after union initiates strikes
Unifor worker Rob Nimigon holds a flag at a picket line outside an entrance to the GM’s Oshawa assembly complex, where the company’s profitable Chevrolet Silverado trucks are built, after 4,300 unionized workers went on strike at three General Motors plants, including Oshawa, Ontario, Canada October 10, 2023. Arlyn Mcadorey | Reuters DETROIT — General… Continue reading General Motors reaches deal with Canadian autoworkers hours after union initiates strikes
Treasury Department aims to make it easier to get $7,500 EV tax credit in 2024
Maskot | Maskot | Getty Images A new proposal by the U.S. Department of the Treasury would make it easier for consumers to get a tax credit when buying a new or used electric vehicle, according to tax and energy experts. Its proposed rules, issued Friday, would let car dealers offer the EV tax break… Continue reading Treasury Department aims to make it easier to get $7,500 EV tax credit in 2024
Xpeng suspends supply chain boss for corruption probe
The Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai, April 18, 2023. VCG | Visual China Group | Getty Images Chinese automaker Xpeng on Tuesday said it suspended Li Feng, its vice president in charge of supply chains, for a… Continue reading Xpeng suspends supply chain boss for corruption probe
Canadian autoworkers strike against General Motors, joining UAW
Lana Payne speaks to delegates after being elected as president of UNIFOR, Canada’s largest private sector union, at the Metro Toronto Convention Centre on Aug. 10, 2022. Richard Lautens | Toronto Star | Getty Images DETROIT — Labor strikes are now an international issue for General Motors after the Detroit automaker failed to reach a… Continue reading Canadian autoworkers strike against General Motors, joining UAW
Israel-Hamas war causes oil prices to spike. Here’s what drivers in the U.S. need to know
Drivers fill up at a Shell gas station in Alhambra, California, on Oct. 2, 2023. Frederic J. Brown | Afp | Getty Images Oil prices jumped more than 3% after members of the militant group Hamas launched a surprise attack on Israel from the Gaza Strip last weekend. However, neither Gaza nor Israel produce much… Continue reading Israel-Hamas war causes oil prices to spike. Here’s what drivers in the U.S. need to know
Tesla’s China EV sales fall 11%
The new Tesla Model 3+ is on sale at a Tesla store in Hangzhou, Zhejiang province, in China, on Sept. 26, 2023. Costfoto | Nurphoto | Getty Images Tesla stock was down about 2% Monday morning but recovered later in the day as the rest of the market rallied. Shares took a small hit after… Continue reading Tesla’s China EV sales fall 11%
UAW Mack Trucks union members to join striking Detroit autoworkers on picket lines after voting down tentative deal
UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty Images DETROIT – About 3,900 United Auto Workers members with Mack Trucks will go on strike Monday after a majority of members… Continue reading UAW Mack Trucks union members to join striking Detroit autoworkers on picket lines after voting down tentative deal
Here’s how New York City is planning to spend $15 billion raised from a new congestion pricing toll
New York City is months away from introducing the first zone-based tolling program in the U.S. The project, which begins in the spring of 2024, will increase the tolls drivers pay to enter points of Manhattan south of 60th street. The final price of the toll is not yet determined. People close to the process… Continue reading Here’s how New York City is planning to spend $15 billion raised from a new congestion pricing toll