Stellantis plans to invest more than $2.5 billion with Samsung SDI to build the automaker’s first U.S. electric vehicle battery manufacturing facility. Go to Source
Author: CNBC Online news
Electric vehicles are in short supply. Here’s what you can find as gas prices soar
If consumers don’t want to wait for a new EV, some models may be easier to find than others, according to industry data compiled by CNBC. Go to Source
Uber to expand in Italy through deal with the country’s largest taxi dispatcher
The deal will allow 12,000 Italian taxi drivers to accept trips through the Uber app. Go to Source
Volkswagen chief says German car giant will overtake Tesla on electric vehicle sales by 2025
Volkswagen’s CEO said alleviating supply chain issues would likely help create some momentum for the German auto giant in the coming months. Go to Source
Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics
The operations are expected to open during the first half of 2025, with an annual production capacity of 300,000 vehicles, Go to Source
More people are dying on U.S. roads, even as cars get safer. Here’s why it’s a tough problem to solve
The increase in fatalities stems from a combination of factors including reckless or distracted driving and record levels of vehicle performance and weight. Go to Source
EV maker Lucid to accelerate plans with its Saudi Arabia factory, its first outside the U.S.
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
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