London – Britain will ban the sale of new gasoline and diesel cars by 2030, a decade earlier than its previous commitment, the prime minister said Tuesday. Boris Johnson made the pledge as part of plans for a “green industrial revolution” that he claims could create up to 250,000 jobs in energy, transport and technology.… Continue reading UK to ban gasoline car sales by 2030 as part of green plan
Tag: Electric vehicles
UK electric vehicle maker Arrival to list on Nasdaq amid surging demand
Arrival, the UK-based electric van and bus startup, is to list on the Nasdaq stock exchange in New York, in a deal that is expected to value the company at more than £4bn. The manufacturer, based in Banbury, Oxfordshire, will raise $660m (£498m) in cash as it prepares for mass production of its first electric… Continue reading UK electric vehicle maker Arrival to list on Nasdaq amid surging demand
Arrival becomes latest electric vehicle startup to test the public markets with a SPAC
Arrival has gone from stealthy electric vehicle startup to prospective public company in a span of a year. The UK-based company, which operated in relative secrecy for several years until January when it announced a $110 million investment from Hyundai and Kia, said Wednesday it has agreed to merge with special purpose acquisition company CIIG… Continue reading Arrival becomes latest electric vehicle startup to test the public markets with a SPAC
Alpha Motor Corporation Unveils New Line Of Pure Electric Vehicles – Advanced Mobility Technology For A Sustainable Future
IRVINE, Calif., Nov. 18, 2020 /PRNewswire/ — Alpha Motor Corporation, a rising key player in the automotive landscape today announced the company’s official launch from its Irvine, California headquarters. The launch illustrated the company’s vision to transform the automotive industry with its innovative offering of electric mobility. Alpha offers a range of pure electric vehicles that… Continue reading Alpha Motor Corporation Unveils New Line Of Pure Electric Vehicles – Advanced Mobility Technology For A Sustainable Future
Luxury brands Bugatti and Lamborghini to be headed by one chief from December
By Reuters Staff 1 Min Read FILE PHOTO: Bugatti CEO Stephan Winkelmann attends the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier BERLIN (Reuters) – Bugatti President Stephan Winkelmann will also become head of luxury brand Automobili Lamborghini, taking on a double role from December, parent group… Continue reading Luxury brands Bugatti and Lamborghini to be headed by one chief from December
Nissan’s UK business tough to sustain without Brexit trade deal – COO Gupta
File Image By Tim Kelly and David Dolan TOKYO: Any final exit by Britain from the European Union that worsens business conditions through increased tariffs would threaten the sustainability of Nissan Motor Co’s UK operations, the Japanese car maker’s chief operating officer (COO) cautioned. Nissan, which employs 7,000 people at Britain’s biggest auto plant in… Continue reading Nissan’s UK business tough to sustain without Brexit trade deal – COO Gupta
World NM: Chinese company to build battery factory in Germany000452
BERLIN, Nov. 17 (Xinhua) — China’s high-tech company SVOLT Energy Technology Co., Ltd announced on Tuesday that it will build its first battery cell factory in Europe in Germany. This is an “anchor investment in the future of the automotive industry in Saarland,” said Tobias Hans, minister president of the federal state where the SVOLT… Continue reading World NM: Chinese company to build battery factory in Germany000452
Boris Johnson announces 10-point green plan with 250,000 jobs
Boris Johnson has announced plans for the government’s self-styled green industrial revolution, bringing praise from environmental groups but also questions about the scale of new funding, and the planned expansion of nuclear and hydrogen power. In a move aimed at retaking the initiative after a politically turbulent few weeks, the prime minister said the 10-point… Continue reading Boris Johnson announces 10-point green plan with 250,000 jobs
Hyundai faces lawsuit over EV fires as GM launches recall
By Heekyong Yang, Hyunjoo Jin 6 Min Read SEOUL (Reuters) – Hyundai Motor Co 005380.KS is being sued over a string of battery fires in its electric vehicles (EVs), just as General Motors Co GM.N recalls nearly 70,000 EVs with batteries from the same maker, LG Chem Ltd 051910.KS. FILE PHOTO: The logo of Hyundai… Continue reading Hyundai faces lawsuit over EV fires as GM launches recall
The electric car industry now has its own lobbying group
Tesla, Uber, Rivian, Lucid Motors, and others have joined forces to create a new lobbying group for electric vehicles on Capitol Hill. The group, which is called the Zero Emission Transportation Association (ZETA), says its mission is that 100 percent of new car sales are electric by 2030. Some states are already moving in that… Continue reading The electric car industry now has its own lobbying group