LG Electronics & Magna launch joint venture

The announced joint venture between LG Electronics and Magna to manufacture electric motors, inverters and onboard chargers, as well as complete electric drive systems, has now been sealed. The joint venture’s management team is also now in place. Called LG Magna e-Powertrain, the joint venture is based in the South Korean city of Incheon and […]

Renault confirms Alpine R5

It had already been on the horizon, but now it is confirmed: Renault development head Gilles le Borgne has announced that Renault will launch a more powerful Alpine offshoot of the electric R5. A specific performance has also been mentioned. According to the chief developer, the R5 Alpine will have an output of 160 kW […]

Lucid Motors goes public

The Californian electric car manufacturer Lucid Motors is now listed on the stock exchange as LCID after a SPAC deal with Churchill Capital IV (CCIV). The share price rose significantly on the first day of trading on Nasdaq. The plans for the IPO had been announced by the company led by ex-Tesla engineer Peter Rawlinson […]

REE Automotive to build new headquarters in Austin, Texas

Israel-based company REE Automotive has named Austin, Texas, the new home to its US headquarters. Production for the North American market will also take place at this location. Austin will be the location of REE’s first asset-light Integration Center for the assembly and testing of its REEcorner technology and ultra-modular EV platforms. The construction is […]

Tesla pauses new Model S deliveries

Tesla has apparently temporarily halted deliveries of the new Model S that began in June. This was reported by several customers of the model. Fixed dates for the delivery of the Model S have been cancelled at short notice. The reason for this can only be speculated. Several media reports citing forum entries stated that […]

JLR announces long-term Formula E plans

Jaguar Land Rover officially announces the long-term continuation of its Formula E commitment. When the technologically refreshed Generation 3 cars make their debut at the start of the 2022/23 season, Jaguar Racing will once again be represented by two electric racers. Jaguar Land Rover is now the sixth manufacturer to commit to Formula E in […]

Faraday launches on the US stock market

Faraday Future has completed its long-announced IPO. The electric car start-up now announced the listing of its shares on Nasdaq. The IPO was carried out via a merger with SPAC Property Solutions Acquisition. The proceeds of around one billion US dollars are to be used primarily to begin deliveries of the first FF 91 model […]

Rivian plans second plant in the USA

Rivian Automotive is planning to build a second assembly plant in the USA. This could involve more than just a vehicle plant. A location has not yet been found, but several US states have apparently applied to the company. The plans for the second assembly plant after Normal, Illinois, were confirmed in principle by a […]

Fisker to open brand centres in EU & USA in 2022

The Californian electric car manufacturer Fisker gives more details about its plans for branches in the USA and Europe. A series of sales locations is to open starting in L.A, followed by more locations in the USA and Europe. The company’s first so-called ‘Brand Experience Center’ is scheduled to open in Los Angeles in the […]