US Motoring Press – Page 1706 – I wish I had more to offer

Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings

Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, U.S., March 7, 2024. Mike Blake | Reuters Shares of Rivian Automotive surged 13% on Thursday as the EV maker unveiled three new vehicles and announced more than $2 billion in savings related to pausing construction on… Continue reading Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings

China could flood U.S. electric-vehicle market with its offerings, Energy Secretary Jennifer Granholm warns

U.S. Energy Secretary Jennifer Granholm speaks to reporters during a press briefing at the White House in Washington, June 22, 2022. Kevin Lamarque | Reuters China could flood the U.S. electric-vehicle market with its offerings, Energy Secretary Jennifer Granholm warned Wednesday, weeks after President Joe Biden raised similar concerns. “We are very concerned about China… Continue reading China could flood U.S. electric-vehicle market with its offerings, Energy Secretary Jennifer Granholm warns

The government is making its own EV target impossible to hit

As expected, there was no financial support to incentivise the uptake of electric cars in the chancellor’s budget this week. And with a general election now being tipped for as early as May, it’s extremely unlikely that any support will be forthcoming this side of autumn – if ever. Several car makers have reacted furiously, the underlying… Continue reading The government is making its own EV target impossible to hit

Huge delays expected as M25 section to close for full weekend

A stretch of the M25 will be closed for a full weekend for the first time next week and National Highways is warning drivers to “only travel if necessary” and to expect huge delays. The motorway will be closed in both directions from junction 10 (A3 Wisley) to junction 11 (A320 Chertsey Interchange) from 9pm… Continue reading Huge delays expected as M25 section to close for full weekend

KGM to launch 300-mile 4×4 EV pick-up in early 2025

KGM, formerly known as Ssangyong, is set to be first to sell an electric 4×4 pick-up in the UK, launching an open-backed version of its new Torres SUV early next year. It is one of a wave of new models being introduced by KGM as it seeks to reinvent the image of Ssangyong, which it acquired… Continue reading KGM to launch 300-mile 4×4 EV pick-up in early 2025

New Lotus Emeya brings 905bhp for £129,950

He explained that traditionally, a GT’s proportions have been determined by “how many cylinders are under the bonnet”, giving “a long, powerful [nose] and a tight cabin at the rear”. By breaking from these conventions, the Emeya “subconsciously tells you this is an electrified product”, said Payne. “It physically can’t have a big V8 under… Continue reading New Lotus Emeya brings 905bhp for £129,950

Servotech Power Systems to strengthen India’s EV charging industry with in-house components manufacturing

Servotech Power Systems, a key player in India’s electric vehicle (EV) charging sector, has announced a strategic initiative to enhance the nation’s self-sufficiency in crucial EV charger components. The company has partnered with an international firm to establish a manufacturing facility dedicated to producing Power Modules, Control Circuits, and PLCs for EV chargers. This initiative… Continue reading Servotech Power Systems to strengthen India’s EV charging industry with in-house components manufacturing