A South Korean battery manufacturer said it would quadruple its planned investment in a new factory in Arizona to meet growing demand from automakers that are trying to ramp up production of electric cars and trucks. The company, LG Energy Solution, said it would invest $5.5 billion to build the complex near Phoenix, where it… Continue reading LG Will Spend $5.5 Billion on a Battery Factory in Arizona
Category: US Motoring Press
Falling Lithium Prices Are Making Electric Cars More Affordable
Lithium, the common ingredient in almost all electric-car batteries, has become so precious that it is often called white gold. But something surprising has happened recently: The metal’s price has fallen, helping to make electric vehicles more affordable. Since January, the price of lithium has dropped nearly 20 percent, according to Benchmark Minerals, even as… Continue reading Falling Lithium Prices Are Making Electric Cars More Affordable
Volkswagen Will Invest $193 Billion in Electric Cars and Software
Volkswagen said on Tuesday that it would spend $193 billion on software, battery factories and other investments as it aimed to make every fifth vehicle it sold electric by 2025. The automaker, the world’s second biggest after Toyota, will also focus on expanding its presence in North America, where it has struggled for years, and… Continue reading Volkswagen Will Invest $193 Billion in Electric Cars and Software
Tesla Could Start Making Cars in Mexico Next Year, Governor Says
Tesla’s new factory in the Mexican state of Nuevo León will cost $5 billion, will employ up to 7,000 people and could start churning out cars as early as next year, the state’s governor said on Friday. Tesla announced this week that it planned an assembly plant in Mexico — its fifth worldwide — but… Continue reading Tesla Could Start Making Cars in Mexico Next Year, Governor Says
Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market
Tesla Model 3 electric vehicles at a Hertz neighborhood location. Hertz Consumers may be on the fence about whether it’s yet time to buy EVs, but car-rental giant Hertz Global Holdings has made the leap. Markets boosted shares of Estero, Fla.-based Hertz after its recent earnings report, as first-quarter revenue hit $2 billion and per-share… Continue reading Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market
Simple Energy to launch new e-scooter on May 23
Bengaluru-based electric vehicle start-up Simple Energy, which began production of its first electric scooter, the Simple One, from its Shoolagiri plant in Tamil Nadu on May 5, is to officially launch the EV on May 23. The company had previously showcased the scooter and announced a price, but there was radio silence about commencement of deliveries after… Continue reading Simple Energy to launch new e-scooter on May 23
Simple Energy to launch new e-scooter on May 23
Bengaluru-based electric vehicle start-up Simple Energy, which began production of its first electric scooter, the Simple One, from its Shoolagiri plant in Tamil Nadu on May 5, is to officially launch the EV on May 23. The company had previously showcased the scooter and announced a price, but there was radio silence about commencement of deliveries after… Continue reading Simple Energy to launch new e-scooter on May 23
Matter Energy to open bookings for Aera electric bike on May 17
Ahmedabad-based start-up Matter Energy has announced that bookings for its first electric motorcycle, the Aera, will begin on May 17, 2023. Customers can book the two-wheeled EV on the company’s website as well as on Flipkart. The bookings will be open across 25 cities in India including Mumbai, Pune, Delhi NCR, Chennai, Hyderabad, Bhubaneswar and… Continue reading Matter Energy to open bookings for Aera electric bike on May 17
Matter Energy to open bookings for Aera electric bike on May 17
Ahmedabad-based start-up Matter Energy has announced that bookings for its first electric motorcycle, the Aera, will begin on May 17, 2023. Customers can book the two-wheeled EV on the company’s website as well as on Flipkart. The bookings will be open across 25 cities in India including Mumbai, Pune, Delhi NCR, Chennai, Hyderabad, Bhubaneswar and… Continue reading Matter Energy to open bookings for Aera electric bike on May 17
Ford, GM, FCA discounts on new vehicles, leases: Rules for employees, family, friends
The employee discount for workers at General Motors, Ford and FCA US, which is Stellantis, might be the most beloved perk for their family members. It’s practically part of Michigan’s culture since the state is filled with autoworkers. Traditionally, when you need a new vehicle or lease, you give your relative a call, get the… Continue reading Ford, GM, FCA discounts on new vehicles, leases: Rules for employees, family, friends