China EV Stocks Sink on Reports of US Tariffs
Shares of major Chinese electric vehicle makers fell on Friday, after multiple reports said that the U.S. was preparing more tariffs against Chinese companies, specifically aimed at EVs and other key sectors. Li Auto Inc (HK:2015) (NASDAQ:LI), NIO Inc (HK:9866)…
Mexico disrupts China’s Potential Plan to Infiltrate US EV Market
Chinese automakers invested millions to build electric vehicle factories in Mexico. This move is a potential attempt to sell to American consumers while avoiding the high U.S. tariffs on cars imported from China. However, a recent report from Reuters has…
Devonshire Motors Awarded EV Advocate Of The Year For Promoting Hyundai Electric Vehicles
Devonshire Motors, a prominent retail partner of Hyundai Motor UK, has been honoured with the EV Advocate of the Year award at the prestigious AM Awards. This accolade is a testament to their dedicated efforts in promoting Hyundai’s electric vehicle…
Ride-hailing Service Alto Launches First EV Fleet
Dallas-based ride-hailing startup Alto Experience Inc. has launched a small electric vehicle fleet, which it plans to quickly grow. Alto has partnered with Kia America Inc. to put 12 2024 Kia EV-9s on the streets of Dallas. The fleet launched…
France Ramps Up EV Ambition as Xi Arrives in Paris
The French government will sign a wide-ranging pact with the automotive industry on Monday that sets new targets for electric vehicle sales, just as Chinese leader Xi Jinping arrives for a state visit clouded by trade tensions in the sector….
US Supercharge Emerges as Key Player in EV Charging Industry Amid Tesla’s Retreat
As Tesla redirects its focus, US Supercharge sees an opportunity to accelerate the growth of EV charging infrastructure across the nation. By offering comprehensive solutions tailored to the needs of emerging EV charging companies, US Supercharge is laying the foundation…
EV Maker Zeekr Set to Raise US$368mil From IPO
Zeekr Intelligent Technology Holding Ltd, the high-end electric car brand under Zhejiang Geely Holding Group Co, is seeking to raise as much as US$367.5mil in a US initial public offering (IPO). The EV maker said in a filing last Friday…
The Transition to Electrification Ramps up as Ferrari Unveils a $423,000 Sports Car to Rival BYD’s Electric Supercar
FERRARI has unveiled a US$423,000 combustion engine sports car meant to help the Italian manufacturer defend its industry-leading margins. The 12Cilindri, also sold as a 435,000 euro (S$631,908) Spider convertible version, is inspired by Ferrari’s touring cars from the 1960s…
FuelCell Energy and Toyota Motor North America Celebrate Launch of World’s First ‘Tri-gen’ Production System at the Port of Long Beach
FuelCell Energy, Inc. (Nasdaq: FCEL) and Toyota Motor North America, Inc. (Toyota) are celebrating the grand opening of the first-of-its-kind “Tri-gen” system at the Port of Long Beach, California, today. Tri-gen uses biogas to produce renewable electricity, renewable hydrogen, and…
US Loosens Some EV Battery Rules, Potentially Making More EVs Eligible for Tax Credits
The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to $7,500 but leading critics to accuse the Biden administration of helping China. The Treasury Department announced final…
