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The Latest Breaking News from electric vehicle

Here's Why Volkswagen CEO Thinks Tesla Is Weakening Itself Right Now

The battle for dominance in the electric vehicle market is heating up and Volkswagen AG (OTC: VWAGY) believes it can pass Tesla Inc (NASDAQ: TSLA) in the coming years.

Benzinga

Commercial Vehicle Group Predicts Favorable Impact From New Pricing & Business

Commercial Vehicle Group Inc (NASDAQ:CVGI) said it had finalized the renegotiation of new pricing agreements with several of its customers. The company expects the new pricing, effective July 1, to increase run-rate profits by more than $30 million and increase the cash flow as well. CVGI anticipates 2H22 to immediately benefit from…

Benzinga

Confusion over new electric vehicle charging rules in force from Thursday

Nearly three quarters of firms (73%) reported their adoption of EV vehicles had been complicated or held back by recent changes to regulations and grants

Wales Online

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Why This Tesla Battery Supplier Is Rethinking $1.3B Arizona Plant

Tesla, Inc. (NASDAQ: TSLA) battery supplier LG Energy Solutions is reportedly having a rethink on its strategy to construct an electric vehicle battery manufacturing plant in the U.S. state of Arizona.

Benzinga

300 new jobs created at Nissan's North East plant ahead of production of new electric vehicles

The firm is launching electrified versions of its Juke and Qashqai models, triggering the recruitment drive

Birmingham Post

Ford Motor Company provides loan to Liontown Resources to develop Kathleen Valley lithium mine

ASX-listed Liontown Resources signs a deal with US motoring giant Ford to develop a $545 million lithium mine to supply the metal used in electric vehicle batteries.

ABC News

SCG Ceramics unit to tap clean energy trend

SCG Ceramics Plc, a subsidiary of SCG Cement-Building Materials Co, has launched an electric vehicle (EV) charging and solar carport installation service under the Susunn brand in a bid to tap into the growing clean energy trend.

Bangkok Post

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Elon Musk Says This One Union Has 'So Much Power Over The White House' It Can Exclude Him From Meetings

In a recent interview, Tesla Inc (NASDAQ: TSLA) CEO, Elon Musk said about the UAW (the United Auto Workers labor union), “They have so much power over the Whitehouse, they can exclude Tesla from an EV (Electric Vehicle) summit.” The referenced EV summit was

Benzinga

Volkswagen, Siemens, Others Invest Over $700M For Hassle-Free, Cheaper EV Charging

The White House disclosed that companies are looking to invest over $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers, Reuters reports. The move could add at least 2,000 jobs and make charging more accessible and affordable. The investments include $450 million earmarked by Volkswagen AG (OTC:VWAGY) unit Electrify America and over…

Benzinga

Volkswagen In Talks To Sell Stake In US EV Charging Business To Siemens: WSJ

Volkswagen AG (OTC:VWAGY) is nearing a deal to divest a minority stake in its U.S. electric vehicle charging business to a division of Siemens AG (OTC:SIEGY), the Wall Street Journal reported. The deal, if realized, would value Volkswagen’s Electrify America LLC at more than $2 billion. The report added that the funds will…

Benzinga

White House Says Companies Investing $700 Million to Boost EV Charger Production

The White House said on Tuesday that companies are planning to invest more than $700 million to boost US manufacturing capacity for electric vehicle (EV) chargers - actions set to add at least 2,000 jobs and make charging more accessible and affordable. The investments include $450 million earmarked by Volkswagen…

Asharq Al-Awsat

Buy-Rated Volkswagen Good for The Long Term

One of the world’s largest automobile companies Volkswagen AG (VWAGY), has ambitious plans to be a major electric vehicle (EV) manufacturer and is investing significantly in expanding and improving its EV capabilities. Given its robust financials, discounted valuation, and higher-than-industry profitability, it could be wise to invest in the stock…

StockNews.com

Drivers warned of new electric car rules that kick in on Thursday - what you need to know

From this Thursday (June 30) all electric vehicle (EV) chargers sold for private use – workplace or home – must be pre-configured with “smart” behaviour - we explain what this means

Daily Mirror

Extortionate electric car charging costs at motorway services laid bare

Electric vehicle owners without a home charger may need to shop around to find the best price after Which? research found motorway services can cost 8p a mile more than filling up with petrol or diesel

Daily Mirror

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Benzinga

Tesla's Giga Shanghai Plant To Shut Down, Ford European Manufacturing Plans, Toyota Stumbles Upon Launch: Week's Top News From EV Industry

The return of risk appetite to the market helped electric vehicle stocks rebound in the week ending June 24. Most stocks, barring some second-rung EV manufacturers, posted strong gains. The gains were led by the Chinese trio as they extended their rally amid an inflection in sentiment toward Chinese stocks in…

StockNews.com

Better Buy: Honda Motor Company vs. Ford

Auto manufacturers are forced to cut production due to input-related headwinds. However, the shifting focus of Honda Motor Co. (HMC) and Ford (F) on the fast-growing electric vehicle (EV) market should drive their long-term growth. But which of these stocks is a better buy now? Read more to find out….

StockNews.com

Time To Drop These Beaten Down EV Stocks

Despite solid sales growth over the past year, the electric vehicle (EV) industry is grappling with supply chain issues and a shortage of key raw materials. As supply constraints are not expected to be eased anytime soon, fundamentally bleak EV stocks NIO (NIO) and Lucid Group (LCID), which have plunged…

InsideEVs

Ford Ending Lease Buyouts For All Its Electric Vehicles In The US

Ford Credit has implemented the change in 37 states on June 15, with the remaining 13 states and D.C. to follow before the fourth quarter of 2022.

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Benzinga

Stellantis Makes €50M Equity Investment In Lithium Company Vulcan Energy Resources

Stellantis NV (NYSE:STLA) has made a €50 million (A$76 million) equity investment in Vulcan Energy Resources Ltd (OTC:VULNF) and has extended its original binding offtake agreement to ten years. Vulcan is a lithium producer and intends to produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lithium resource in Germany. The investment…

Tribune News Service

Rivian opponents challenge $700M in local tax breaks for EV maker

Opponents of the planned $5 billion Rivian electric vehicle factory asked a judge this week to overturn a Morgan County, Georgia, board's approval of a rental agreement with the company, alleging the deal violates the state constitution.

Benzinga

BMW Starts Up New China Plant To Take On Tesla, Nio In World's Biggest EV Market

German automaker BMW (OTC: BMWYY) has started production at a new $2.24 billion electric vehicle plant in Shenyang, China, as it looks to take on Tesla Inc (NASDAQ: TSLA) an

Benzinga

Tesla Had A Top 10 Selling Car Globally In 2021: Could It Crack The Top 5 In 2022?

Electric vehicle company Tesla Inc (NASDAQ: TSLA) is not only dominating sales of vehicles in the non-traditional automobile markets, it's moving up the leaderboard of all vehicles. Here’s a look at the top selling vehicle models of 2021 and what could happen in 2022.

Input

Toyota recalls new bZ4X electric vehicle after wheels start falling off

A spokesperson tells Input that the Toyota is unable to verify how many times drivers experienced wheel failure while driving.

Benzinga

Toyota Recalls EVs Over Faulty Wheels: WSJ

Toyota Motor Corp (NYSE:TM) recalls 2,700 of its first mass-produced electric vehicles (EVs) on tire safety risks, the Wall Street Journal reported. The auto giant would recall its all-electric 2023 bZ4X SUV after finding fault with bolts that connect the wheels with the vehicle. Related: Toyota Debuts bZ4X SUV Battery Electric Vehicle Toyota…

Benzinga

Methode Electronics Clocks 4% Revenue Decline In Q4 Due To Lower Sales Volumes In Auto Segment

Methode Electronics, Inc (NYSE:MEI) reported a fourth-quarter FY22 net sales decline of 4.1% year-on-year to $288.7 million, missing the consensus of $289.5 million. The decrease was due to lower sales volumes in the Automotive segment due to supply chain constraints and the conflict in Ukraine. EPS of $0.43 missed the consensus of $0.56.…

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