The manufacturing facility will be able to produce 155,000 vehicles a year, and will initially serve the local market, the luxury car maker said. Go to Source
Author: CNBC Online news
After Toyota’s Mirai, the Japanese auto giant zeroes in on hydrogen buses and heavy-duty trucks
Toyota Motor Europe, CaetanoBus and Air Liquide have signed a memorandum of understanding. Go to Source
GM is betting its Ultium batteries will lead the automaker to EV dominance
GM intends to lead EV sales in North America by 2025, and says the Ultium platform will drive its dominance. What makes GM’s batteries different? Go to Source
Rivian’s shares sink after a report says legal battle with a supplier could delay Amazon vans
Rivian’s suit accuses Ohio-based Commercial Vehicle Group of violating its contract with Rivian by sharply raising its prices after the contract was signed. Go to Source
‘The most dumb thing’: Elon Musk dismisses hydrogen as tool for energy storage
Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. Go to Source
How Ford’s F-150 Lightning stacks up against Rivian and Hummer electric pickups
CNBC’s Michael Wayland has driven the Ford F-150, Rivian R1T and GMC Hummer electric pickups. Here’s how they stack up. Go to Source
Top autos CEO warns of battery supply scarcity as EV competition heats up
Volvo Cars chief Jim Rowan joined the business last month. Go to Source
What Ford, a 9-to-5 workweek pioneer, is learning about the hybrid office
Ford, one of the early adopters of the 40-hour workweek, has embraced hybrid work as it brings employees back to its offices. Go to Source
Luxury EV maker Lucid scores order from Saudi government for up to 100,000 vehicles
Saudi Arabia’s Ministry of Finance agreed to purchase at least 50,000 Lucids over the next 10 years, with an option to double that total. Go to Source
Ford CEO says the automaker plans to challenge Tesla as global EV leader
Ford has already built about 2,000 F-150 Lightnings — not far off Rivian’s total first-quarter EV production. Go to Source