Ford to Scale Back Plans for $3.5 billion Michigan Battery Plant as EV Demand
Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers shift to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs.Ford executives including CEO Jim Farley and…
Wallbox and Atlante Join Forces to Deploy the Largest EV Fast-Charging Network in Southern Europe
Wallbox (NYSE: WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, and Atlante, a company of NHOA Group (NHOA.PA, formerly Engie EPS) dedicated to creating the largest fast and ultra-fast charging network for electric vehicles…
Toyota’s US$8 Billion EV Push to Ignite Electrification and Job Growth
Japanese automotive giant Toyota has recently unveiled its latest investment plan, totaling almost US$8 billion, to expand its new manufacturing plant Toyota Battery Manufacturing North Carolina (TBMNC). This move will create approximately 3,000 new jobs, increasing the total investment in…
Austin Charges Ahead in Texas’ Electric Vehicle Race
More than 2.1% of registered vehicles in Travis County are now battery-powered cars and trucks, registration data obtained through the Texas Public Information Act shows. The number doesn’t include hybrids. Travis County’s EV adoption rate is the highest of the…
BYD Sea Lion 07 EV SUV is Officially here to take on Tesla Model Y
China’s leading EV manufacturer, BYD, has unveiled its first mid-size urban electric SUV, the Sea Lion 07, at the 2023 Guangzhou International Auto Show. This launch marks BYD’s entry into a new segment, intensifying competition with industry giants like Tesla…
U.S. To Expand Domestic Battery Processing Facilities With $3.5 Billion Investment
The Inflation Reduction Act and the Bipartisan Infrastructure Law have collectively infused billions of dollars into the electric vehicle industry in the United States.The IRA has enabled consumer incentives such as the $7,500 tax credit, while provisions in both policies…
EV Charging Company ChargePoint Plunges as Sales sag, Executives Replaced
ChargePoint Holdings Inc. shares plummeted in early trading after the company posted disappointing quarterly revenue and swapped out two of its top executives.The electric-vehicle charging company said revenue slumped to between $108 million and $113 million for the quarter that…
Volkswagen’s Largest EV Plant Slows Down Again Due To Weak Demand
The situation at the Volkswagen Group’s largest electric car factory in Zwickau, Germany appears to be worsening. After numerous reports of demand issues earlier this year, Volkswagen cancelled the third shift on production line number 1, which is responsible for…
Circle K/Couche-Tard tap Nayax for Cashless Payments at EV Charging Stations
Nayax Ltd., a global commerce enablement payments and loyalty platform designed to help merchants scale their business and specializing in cashless payments solutions and unattended payment terminals, has teamed with Nuvei Corp. a Canadian fintech company, to enable Circle K…
Miller EV Solutions and CBRE Announce the Electric Vehicle Innovation Design Center Grand Opening
Miller EV Solutions, a pioneering leader in the electrical contracting industry, in partnership with CBRE, is thrilled to announce the launch of the Electric Vehicle Innovation Design Center (EVIDC). This groundbreaking initiative embodies Miller EV Solution’s unwavering commitment to advancing…
