Category: News Type

@niche: Workhorse kills flagship van after ‘painful lessons,’ inks supply deal with Canadian manufacturer001683

TechCrunch Struggling EV startup Lordstown Motors loses GM as investor General Motors sold its stake in Lordstown Motors, an electric vehicle startup that has struggled to get its first vehicle, the electric pickup truck Endurance, to production, reports the Detroit Free Press. GM’s 7.5 million shares of common stock, which was less than 5% of… Continue reading @niche: Workhorse kills flagship van after ‘painful lessons,’ inks supply deal with Canadian manufacturer001683

@niche: Workhorse to Retire Its Troubled Flagship Electric Delivery Van001682

(Bloomberg) — Workhorse Group Inc. plans to kill its flagship electric delivery van after a recall last year, turning instead to two new models after what its CEO called a “costly misstep.” Most Read from Bloomberg The startup will retire the C-1000 van after building another 50 to 75 from available inventory this year, Workhorse… Continue reading @niche: Workhorse to Retire Its Troubled Flagship Electric Delivery Van001682

@Hyundai: Kia announces February 2022 global sales results

February global sales at 221,152 units, up 4.7% y/y Sales in Korea recorded 39,560 units, up 5.3% y/y Sales outside of Korea recorded 181,592 units, up 4.5% y/y Kia to continue creating sales momentum and enhancing profitability through new models, such as the all-new Niro and Kia EV6 Kia Corporation recorded total global sales of… Continue reading @Hyundai: Kia announces February 2022 global sales results

Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies

“Lucid aspires to be a catalyst for change wherever we go, so it makes perfect sense that we are bringing electric vehicles to one of the world’s biggest oil producing nations. Establishing a global manufacturing footprint is a practical, natural step and enables us to grow our brand, scale our business, and address worldwide and… Continue reading Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies

Rivian hikes the base price of its quad-motor R1T pickup by $12,000

Rivian has raised the original $67,500 base price of its quad-motor R1T electric pickup with large battery packs to $79,500 (sans destination charges). That’s a whopping $12,000 increase that will apply to most reservation holders except for those in the very final stages of purchase. The price of the R1S SUV (below) is also being… Continue reading Rivian hikes the base price of its quad-motor R1T pickup by $12,000

Hyundai Motor Accelerates Electrification Strategy, Targeting 7% of Global EV Market by 2030

Hyundai Motor CEO Jaehoon Chang unveiled the company’s electrification roadmap and strategies at the 2022 CEO Investor Day forum today Hyundai targets to sell 1.87 million BEVs annually by 2030 by strengthening line-up ⋯ To introduce 17 new BEV models by 2030; 11 for Hyundai models and six for Genesis luxury brand To strengthen competitiveness… Continue reading Hyundai Motor Accelerates Electrification Strategy, Targeting 7% of Global EV Market by 2030

@Ford: Ford Plans Wednesday Announcement About Acceleration of Ambitious Ford+ Plan for Growth and Value Creation

About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams.  The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with… Continue reading @Ford: Ford Plans Wednesday Announcement About Acceleration of Ambitious Ford+ Plan for Growth and Value Creation