Kia is prepared to fully invest in electric vehicles (EVs), despite growing concerns of slowing demand for EVs. During Kia’s CEO Investor Day event, the Asian carmaker announced plans to sell 3.2 million EVs in the global market in 2024. Kia ultimately aims to boost its global EV sales to 4 million by 2027 and […]
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Ford postponed the launch of at least two electric vehicles (EVs) to focus on hybrid production. The legacy automaker is delaying the launch of a three-row EV and its next-generation pure-electric pickup truck. This isn’t the first time Ford has postponed EV plans. In October 2023, the company postponed a ~$12 billion EV investment after noting that […]
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BYD plans to launch an electric pickup truck to compete against the likes of the Tesla Cybertruck and the Ford F-150 Lightning. According to the Chinese company’s announcement, it has developed a midsize-to-large pickup truck for the global market. BYD revealed photos of its first electric pickup truck, showcasing its general appearance. However, it did […]
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The Boring Company’s (TBC) Prufrock 3 has officially launched at Tesla Giga Texas. In a recent video by drone operator Jeff Roberts, The Boring Company’s Prufrock 3 tunnel boring machine (TBM) is seen partly underground, signaling that it has started digging toward Tesla Giga Texas. The TBM is porpoising or launching directly into the surface, […]
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Tesla Gigafactory Berlin is producing right-hand drive (RHD) cars for India. People close to the matter told Reuters that Gigia Berlin is preparing to export Tesla vehicles to India later this year. “The right-hand drive [Tesla] cars which will be allocated to India, [Giga Berlin has] started building them,” said sources. Tesla cars for the […]
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Nikola released its Q1 2024 delivery and production report, stating that the company had a productive first quarter. “We are on track for a successful 2024 by continuing the momentum set in 2023,” said Nikola CEO Steve Girsky. “It’s about more than just setting goals. It’s about following through on our commitments. This includes not only […]
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LG Energy Solution (LGES) plans to start hiring workers for the Arizona battery manufacturing complex by the end of 2024. “This transformative investment will have a lasting impact not only in Arizona but across the country and moves us one step closer toward our clean energy goals,” said Governor Katie Hobbs. “These are the jobs […]
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China-owned SAIC plans to cut thousands of jobs from its joint ventures with General Motors (GM) and Volkswagen. According to people familiar with the matter, the automaker plans to cut 30% of employees at SAIC-GM and 10% of workers at SAIC Volkswagen. The sources also claim that the company plans to lay off workers at […]
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Hyundai Motor of America’s EV sales for the first quarter jumped 62% year-over-year compared to Q1 2023. According to the automaker’s reports, its EV sales grew 100%. Hyundai US had record-breaking March sales, selling 76,920 units, up 2% compared to March 2023. In the same month last year, the automakers sold 75,404 units. For Q1 […]
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Xiaomi aims to increase SU7 production to meet demand. According to local media reports, the Chinese company is asking its suppliers to boost their production capacity to 10,000 SU7 units per month. Xiaomi is collaborating with state-owned BAIC for SU7 production. Initially, it aimed to produce 3,000 vehicles per month in March. The new automaker […]
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