Laborers work in VinFast’s factory in Hai Phong City, Vietnam, April 22, 2021. REUTERS/Thanh Hue HANOI, Nov 5 (Reuters) – Vietnamese automaker VinFast said on Friday it will make over $200 million in capital investments and place its U.S. headquarter in California as part of its plan to expand operation in North America. VinFast, the… Continue reading Autos & TransportationVietnam’s VinFast eyes over $200 mln capital investments in California3:27 AM UTC
Tag: Electric vehicles
World NM: Chevrolet Bolt Production Halt Announced Amid Battery Fire Recall001629
Remember when countless motoring publications were hailing the Chevrolet Bolt EV as a Tesla Model 3 killer? They couldn’t have been more wrong, and General Motors couldn’t have made a bigger mess of their first mass-market electric car. Not only did they get the size wrong (it’s a subcompact), but the battery recall has surely… Continue reading World NM: Chevrolet Bolt Production Halt Announced Amid Battery Fire Recall001629
Tesla and Hertz reportedly have a disagreement over how fast Tesla can deliver 100,000 electric cars
Tesla and Hertz are reportedly in the middle of a disagreement over how fast the former can deliver the 100,000 electric cars that the rental company ordered. Last week, Hertz announced that they ordered 100,000 Tesla vehicles, then partnered with Uber to provide 50,000 of them to their drivers with an option for 100,000 more. It… Continue reading Tesla and Hertz reportedly have a disagreement over how fast Tesla can deliver 100,000 electric cars
Tesla plant could threaten your future, VW CEO tells German workers
Volkswagen AG Chief Executive Officer Herbert Diess urged German workers to prepare for a deeper overhaul to remain competitive when Tesla Inc. ramps up vehicle production at its first European factory outside Berlin next year. Tesla is swiftly improving quality and looks set to achieve a production time of just 10 hours per car at… Continue reading Tesla plant could threaten your future, VW CEO tells German workers
Plug-in car performance holds steady despite overall registrations falling -24.6%
106,265 new cars registered in October, a -24.6% fall on last year and the weakest October since 1991. Plug-in vehicles now account for 16.6% of all cars registered so far in 2021. Chip shortages and tax rises mean industry expects to finish year on 1.66m units, or only 1.9% ahead of Covid-hit 2020. SEE CAR… Continue reading Plug-in car performance holds steady despite overall registrations falling -24.6%
Germany Sets New Electric Vehicles Record
BERLIN, Nov. 4, 2021 /PRNewswire/ — While sales of conventional vehicles have suffered under supply shortages and long delivery times, EVs are rolling out of dealerships in Germany. The German Association of the Automotive Industry (VDA) says that in the month of October, for the first time, electric vehicles accounted for 30.4 percent of new vehicle… Continue reading Germany Sets New Electric Vehicles Record
@Ford: Ford, Ford Credit Introduce Sustainable Financing Framework Prioritizing EV, Clean Production, Community Investments
First-of-its-kind framework among North America-based automakers supports Ford+ plan to grow, create value for customers, investors, other stakeholders Will guide Ford’s leadership in sustainability and investments in four key areas, including developing battery electric vehicles and clean manufacturing Framework achieved highest-possible ‘advanced’ rating from Vigeo Eiris, which is globally recognized for its assessments of ESG… Continue reading @Ford: Ford, Ford Credit Introduce Sustainable Financing Framework Prioritizing EV, Clean Production, Community Investments
@Geely: Kandi Technologies to Report Third Quarter 2021 Financial Results and Hold a Conference Call on November 9, 2021
Jinhua, China, Nov. 04, 2021 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it will report its third quarter 2021 financial results on Tuesday, November 9, 2021, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial… Continue reading @Geely: Kandi Technologies to Report Third Quarter 2021 Financial Results and Hold a Conference Call on November 9, 2021
Nikola sets aside $125 million to settle with SEC
Electric truck developer Nikola Corp. is in talks with the U.S. Securities Exchange Commission to pay a $125 million civil penalty, part of an ongoing probe by the regulator into whether the company mislead investors, the company reported in its third-quarter earnings. Nikola would pay the settlement in installments, and had earmarked the funds in… Continue reading Nikola sets aside $125 million to settle with SEC
Volvo founding member of First Movers Coalition to drive demand for low carbon tech
GÖTEBORG, Sweden, Nov. 4, 2021 /PRNewswire/ — Roughly half of the emission reductions needed to reach the 2050 climate goals rely on technologies in early development, demonstration, or prototype phases. Accelerating innovation in this decade is critical to bring these technologies to market and make them cost-competitive. To jumpstart this effort, the World Economic Forum,… Continue reading Volvo founding member of First Movers Coalition to drive demand for low carbon tech