Japan’s Panasonic Corp is looking to purchase land in the United States for a mega-factory to make a new type of electric vehicle (EV) battery for Tesla Inc, public broadcaster NHK reported on Friday. Panasonic is looking at building the factory, to cost several billion dollars, in either Oklahoma or Kansas close to Texas, where […]
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Britain’s auto industry called on the country’s government on Wednesday to mandate targets for rolling out electric vehicle (EV) charging infrastructure and create a new regulatory body to oversee the market conditions and enforce minimum standards. The Society of Motor Manufacturers and Traders (SMMT) said in a statement that the industry has come up with […]
Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon’s blockbuster earnings. Meta’s stock fell 26 percent, erasing more than $200 billion in the biggest ever single-day market […]
ABB expects supply chain shortages to remain a drag on growth at the start of 2022, the Swiss engineering group said on Thursday, after posting fourth-quarter earnings that were better than expected. The maker of fast chargers for electric vehicles and industrial drives for factories reported a jump of 18 percent in orders as demand […]
Sony Group will likely add new technology partners to its electric vehicle (EV) project to help it forge a mobility business to transform cars from transportation machines to entertainment spaces, a Sony executive told Reuters. An ongoing shift to electric cars, which are easier to build than those with internal combustion engines, is allowing new […]
In a major step to fight climate change, the Biden administration is raising vehicle mileage standards to significantly reduce emissions of planet-warming greenhouse gases, reversing a Trump-era rollback that loosened fuel efficiency standards. A final rule issued Monday would raise mileage standards starting in the 2023 model year, reaching a projected industry-wide target of 40 […]
Rivian Automotive was attracted to Georgia’s education system, resources and talent when choosing a site for its $5 billion battery and assembly plant, a company official said Thursday as the project was officially announced. The Irvine, California-based electric vehicle manufacturer plans to eventually employ more than 7,500 workers and produce up to 400,000 vehicles a […]
General Motors and a joint-venture partner plan to build an electric vehicle battery factory in Lansing, Michigan, their third such factory in the U.S. The companies’ plans were revealed Friday in documents posted on the city’s website. They say the plant would cost up to $2.5 billion and employ as many as 1,700 workers. The […]
Carmaker Stellantis announced a strategy Tuesday to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will help it bring in 20 billion euros ($22.6 billion) in annual revenue by 2030. CEO Carlos Tavares heralded the move as part of a strategy that would transform the car company into […]
Toyota announced on Monday that it plans to build a $1.3 billion electric vehicle battery plant near Greensboro, North Carolina, that will employ at least 1,750 people and help meet the auto giant’s growing goals of electric vehicle sales this decade. Company leaders joint Gov. Roy Cooper and other elected and economic-development officials gathered to […]