May 11 (Reuters) – Lordstown Motors Corp (RIDE.O) said it has completed a deal to sell certain assets to Taiwanese contract manufacturer Foxconn (2317.TW), clinching funds essential for the production of its Endurance electric pickup truck. The Ohio-based company’s shares soared more than 14% in extended trading on Wednesday. The struggling EV maker last year… Continue reading Lordstown Motors shares surge as it closes deal with Foxconn, article with gallery
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EV maker Rivian stands by production target despite supply-chain snarls, article with image
Rivian CEO R.J. Scaringe introduces his company’s R1T all-electric pickup truck at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register May 11 (Reuters) – Rivian Automotive Inc (RIVN.O) on Wednesday reaffirmed its annual production forecast of 25,000 units, saying ongoing… Continue reading EV maker Rivian stands by production target despite supply-chain snarls, article with image
Volkswagen CEO sees tight race with Tesla for e-car crown by 2025, article with image
Volkswagen Chief Executive Officer (CEO) Herbert Diess speaks at ‘Motion. Autos, Art, Architecture’, an exhibition exploring parallels between the automobile and the art world, at Guggenheim Museum Bilbao, in Bilbao, Spain, April 6, 2022. REUTERS/Vincent West Register now for FREE unlimited access to Reuters.com Register FRANKFURT, May 9 (Reuters) – Volkswagen (VOWG_p.DE) faces a tough… Continue reading Volkswagen CEO sees tight race with Tesla for e-car crown by 2025, article with image
Battery-powered electric vehicles nearly double EU market share in Q1 – ACEA, article with image
Electric cars are seen plugged in at a charging point for electric vehicles in Rome, Italy, April 28, 2021. REUTERS/Guglielmo Mangiapane Register now for FREE unlimited access to Reuters.com Register FRANKFURT, May 5 (Reuters) – Battery-powered electric vehicles (BEVs) almost doubled their market share in the European Union during the first quarter, industry data showed… Continue reading Battery-powered electric vehicles nearly double EU market share in Q1 – ACEA, article with image
EV firm Atlis plans U.S. stock market listing amid IPO drought, article with image
The Nasdaq logo is displayed at the Nasdaq Market site in New York, U.S., May 2, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – Atlis Motor Vehicles has become the latest startup in the electric-vehicle space to unveil plans for an initial public offering as the global… Continue reading EV firm Atlis plans U.S. stock market listing amid IPO drought, article with image
Tesla recalls another batch of Model 3 cars in China, the second in April, article with image
A Tesla China-made Model 3 vehicle owner sits inside a car during a delivery event at Tesla’s Shanghai factory in China January 7, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, April 29 (Reuters) – Tesla Inc (TSLA.O) is recalling 14,684 imported and locally made Model 3 cars in China… Continue reading Tesla recalls another batch of Model 3 cars in China, the second in April, article with image
Toyota reports record high global production for March, despite slump at home, article with image
Workers install the fuel cell power system in a Toyota Mirai at a Toyota Motor Corp. factory in Toyota in Aichi Prefecture, Japan, Apriil 11, 2019. REUTERS/Joe White Register now for FREE unlimited access to Reuters.com Register TOKYO, April 27 (Reuters) – Toyota Motor Corp (7203.T) on Wednesday posted record high global production in March,… Continue reading Toyota reports record high global production for March, despite slump at home, article with image
Weak won fuels Hyundai Motor Q1 profit, offsets chip shortage, costs, article with image
The logo of Hyundai Motors is seen at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register SEOUL, April 21 (Reuters) – Hyundai Motor Co (005380.KS) is likely to report a 4% bump in first-quarter profit thanks to a sharply weaker won boosting… Continue reading Weak won fuels Hyundai Motor Q1 profit, offsets chip shortage, costs, article with image
BMW’s CEO expects chip shortage to last into 2023, article with image
BMW CEO Oliver Zipse speaks during a visit of the German Economic and Climate Protection Minister Robert Habeck at the BMW plant in Munich, Germany, January 20, 2022. REUTERS/Lukas Barth Register now for FREE unlimited access to Reuters.com Register BERLIN, April 11 (Reuters) – A shortage of semiconductors is likely to remain a problem for… Continue reading BMW’s CEO expects chip shortage to last into 2023, article with image
UPDATE 2-Tesla, Block and Blockstream to mine bitcoin off solar power in Texas
By Reuters Staff 2 Min Read (Changes sourcing, adds comment from Blockstream CEO) April 8 (Reuters) – Electric-vehicle maker Tesla Inc TSLA.O>, payments firm Block Inc and blockchain company Blockstream Corp will collaborate to mine bitcoin using solar power in Texas, Blockstream CEO Adam Back said on Friday. Tesla is building the solar power infrastructure… Continue reading UPDATE 2-Tesla, Block and Blockstream to mine bitcoin off solar power in Texas