Tesla supplier LGES looks to set up EV battery plant in Europe

SEOUL (Reuters) — Tesla-supplier LG Energy Solution posted a quarterly profit that missed estimates due to rising material costs and COVID-19 curbs in China, and said it was looking for new production sites in Europe and Asia rather than in China. The South Korean company, which counts EV maker Lucid as a customer, also said… Continue reading Tesla supplier LGES looks to set up EV battery plant in Europe

ZKW expands at its Mexican location

Lighting systems specialist invests an additional total of over 102 million USD in production plant in Silao WIESELBURG, Austria, July 27, 2022 /PRNewswire/ — ZKW Group is massively expanding its site in Silao, Mexico. The plant, which went into operation in 2016, is now being expanded by 15,700 to a total of 48,700 square meters… Continue reading ZKW expands at its Mexican location

Colonial Equipment Company Partners with ZEVX for Fleet Electrification

GILBERT, Ariz., July 27, 2022 /PRNewswire/ — Colonial Equipment Company has partnered with ZEVX to Repower Vehicles by providing EV conversions and warranty support throughout the Mid-Atlantic region and the Federal Government/GSA contract throughout the USA. As a ZEVX Authorized Distribution and Service Partner (ADP / ASP), Colonial Equipment Company will be certified to ZEVX standards… Continue reading Colonial Equipment Company Partners with ZEVX for Fleet Electrification

Zoox gives a glimpse behind the curtain of autonomous driving

The Amazon-supported company Zoox has let us look at the cards. Zoox is a company that Amazon 2020 has swallowed. The company has its own design that has a carbon fiber cabin. The box-like vehicle, with its protruding wheels and sliding doors, offers space for 4 people. In addition to the stable cabin made of… Continue reading Zoox gives a glimpse behind the curtain of autonomous driving

3 indicators to watch for on Stellantis Q2 earnings day

Compared to this year’s drumbeat of announcements from car companies touting future battery-electric models, Stellantis has remained quiet, focusing on plug-in hybrids instead. The Amsterdam-based joint venture between Fiat-Chrysler and PSA Group is pursuing electrification aggressively, targeting a goal to sell five million EVs globally by 2030 – and preparing to introduce a suite of… Continue reading 3 indicators to watch for on Stellantis Q2 earnings day

Quantron posts strong growth in first-half CY2022

Quantron, a system provider of sustainable battery-electric and hydrogen-electric e-mobility for commercial vehicles such as trucks, buses and vans, has reported strong growth in the first half of CY2022. The company says, despite the current challenges in the supply chain sector, it was able to increase sales in January-June this year by more than 360 %… Continue reading Quantron posts strong growth in first-half CY2022

Ather Energy clocks speedy growth in Maharashtra, opens new showroom in Mumbai

Smart electric scooter maker Ather Energy today inaugurated its newest retail outlet in Malad, Mumbai. The OEM says it is witnessing strong demand from Maharashtra, and has seen a seven-fold growth in numbers over the past year. Ather, however, has not provided details of the total sales in the state. The new Ather Space experience… Continue reading Ather Energy clocks speedy growth in Maharashtra, opens new showroom in Mumbai

Nio Is Down 70% From All-Time Highs. Here Are 2 Reasons Why It’s Worth a Second Chance.

With Tesla (NASDAQ: TSLA) as the only established industry leader, there is still a great opportunity for start-up electric vehicle (EV) makers to ultimately dominate the market. As of now, Nio (NYSE: NIO) and Rivian (NASDAQ: RIVN) are ahead of the competition, but all EV companies have faced supply chain challenges as a result of… Continue reading Nio Is Down 70% From All-Time Highs. Here Are 2 Reasons Why It’s Worth a Second Chance.

Tesla Stock Vs. BYD Stock: Tesla Bounces, China EV Giant Launching BYD Seal, Model 3 Rival

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Thomas Edison NFT Project announces rare 1913 Electric Vehicle up for Auction

Started by the web3 start-up company, Luckmon, located in Irvine, California, they announced on their Twitter page that they will be including physical assets alongside the purchase of 10 of their exclusive Legendary NFTs released on their minting date, August 17th. The physical assets included in the purchase of the Legendary NFTs will be none other… Continue reading Thomas Edison NFT Project announces rare 1913 Electric Vehicle up for Auction