Nio reported a 6% rise in electric vehicle deliveries in August versus July, while rivals Xpeng and Li Auto saw a fall. Go to Source
Author: CNBC Online news
Bosch will invest $200 million to build fuel cells for electric trucks in South Carolina
Bosch will build fuel cells for electric heavy trucks, including Nikola’s, in South Carolina starting in 2026. Go to Source
Toyota pledges up to $5.6 billion for EV battery production, ramps up investment in North Carolina plant
North Carolina facility will manufacture batteries for both plug-in hybrid and battery electric vehicles. Go to Source
Autonomous delivery company Gatik wins new pilot program with Pitney Bowes in Dallas
Gatik trucks will supplement five existing Pitney Bowes routes in the Dallas area and will run packages between distribution centers. Go to Source
Lucid and Nikola move to raise additional funds as rising costs squeeze EV startups
Lucid and Nikola said in regulatory filings that they will issue new shares to raise cash as the EV industry faces sharply rising costs for battery minerals. Go to Source
YouTube appoints Mary Ellen Coe as Chief Business Officer, following departure of Robert Kyncl
YouTube Chief Business Officer Robert Kyncl is leaving the company after more than 12 years. Go to Source
Tesla ban on pro-union shirts violated workers’ rights, labor board rules
Tesla now has to rescind or revise its dress code for factory workers. Go to Source
Honda and LG Energy Solution to build $4.4 billion EV battery plant in U.S.
The plant will be built and operated by a joint venture between the companies, which is expected to be established this year. Go to Source
How Amazon is giving Rivian an edge in the EV industry
Rivian hopes to take on Tesla with its outdoor adventure trucks and SUVs. And its deal with Amazon could help it succeed. Go to Source
Cash is king for EV makers as soaring battery prices drive up vehicle production costs
Rising costs and new federal regulations are adding new cost pressures to what was already an expensive process. Go to Source