Ford Motor Company (NYSE: F)captured a $100 billion market capitalization earlier today as shares surged over 4% on Thursday. Ford’s stock has increased in value by over 269% since CEO Jim Farley took his post as head of the automaker in October 2020. Ford’s planned production increases of both the F-150 Lightning and Mustang Mach-E, […]
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In 2014 when Narendra Modi officially became Prime Minister of India, his first message to people around the world was that, under his leadership, Indian manufacturing operations would become one of the world’s most robust. In September of the same year, Modi officially launched “Make In India,” a government initiative that encouraged companies from all […]
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Volkswagen said that deliveries of its all-electric vehicles increased by 96 percent in 2021 compared to 2020. The surge in sales for the German automaker helped the company claim the title of best-selling EV brand in Europe in 2021. In 2021, Volkswagen reported deliveries of 452,900 EVs, a significant increase from 2020 figures, which hovered […]
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The United States Postal Service said in its December 2021 Environmental Impact Statement report that committing to a fully-electric fleet of 75,000 mail delivery vehicles would require an additional $2.3 billion investment. Additionally, the USPS may not be willing to commit to more than ten percent of its new fleet to electric powertrains as the […]
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Tesla Gigafactory Texas will not move geographical locations, but it will be on a new road. On Tuesday evening, the Travis County Commissioners Court unanimously voted to pass Item 21 on the agenda, which would change “Harold Green Road” to “Tesla Road.” Harold Green Road has existed since 1976. The order to rename the public […]
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The California Department of Motor Vehicles is further examining the regulation process of Tesla’s Full Self-Driving Beta program to determine whether it could be held under the DMV’s autonomous vehicle regulations. The regulations apply to other automakers that are attempting to develop autonomous vehicles, including Waymo, Cruise, and Zoox. According to a report from the Los […]
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Volkswagen Auto Group missed its sales goals for the ID. family of vehicles in China in 2021 by around 12 percent. Following the sub-par performance, mostly driven by the semiconductor chip shortage, the German automaker is pledging to double sales in 2022, despite the industry’s outlook remaining relatively unchanged for the new year. VW reported […]
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A Tesla Model S Plaid involved in a drag race against a Chevrolet 2600 HD Diesel truck accidentally started the duel in reverse. In typical Plaid fashion, the Model S still won the race. A video from Drag Racing and Car Stuff on YouTube, shared via InsideEVs, showed a Model S Plaid preparing for a typical quarter-mile drag […]
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The City of Covington, Georgia has landed a massive $43 million lithium-ion battery recycling plant, the largest of its kind in North America, just weeks after electric automaker Rivian announced it would build its second U.S.-based factory in the area. Battery Resourcers, a Massachusetts-based lithium-ion battery recycling and engineered materials startup with major investors like […]
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Tesla has agreed to a nickel supply deal with Talon Metals, a Minnesota-based company. It is the first United States supply of nickel for the electric automaker. Little-known Talon Metals is traded in the OTC Markets Group and holds a valuation of 421.48M CAD ($332,456,465). The terms of the deal are not public knowledge, according […]
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