Hyundai, LG Energy Solution To Invest US$7.6 Billion In New US Factory
The total investment scale for the electric vehicle-specific factory and battery cell joint venture factory that Hyundai Motor Group and LG Energy Solution are building in the state of Georgia in the U.S. has been confirmed at US$7.59 billion. This…
Paris Becomes The First European Capital To Ban Rented Electric Scooters
But the city is adding bike lanes, and scooter companies are shifting their focus to electric bikes. E-scooters were involved in accidents resulting in the deaths of three people in Paris last year. As Paris’s experiment with e-scooters came to…
Ford Is Killing Gas Crossovers To Make Room For EVs
Almost every automaker around the world is rushing to bring in new, battery-powered models to replace their aging range of gas-powered cars. Volvo has the EX90 as its new flagship SUV, Fiat is bringing the 500 back to America as an electric city…
Tesla’s Rival Fisker Unveils Lowest-priced Electric Vehicle
Electric vehicle companies continue rolling out new models ready to compete in a fierce market, led by the industry’s top seller Tesla (TSLA) – Get Free Report. American legacy carmakers Ford (F) – Get Free Report, General Motors (GM) – Get Free Report and Stellantis (STLA) – Get Free…
Hyundai And LG To Spend An Extra $2B On Their US EV Battery Plant
Hyundai Motor Group and LG Energy Solution (LGES) are going to inject an additional $2 billion into their $4.3 billion US EV battery factory. Carmaker Hyundai and lithium-ion battery maker LGES signed a memorandum of understanding at LGES’s headquarters in…
Korea Protests France’s EV Subsidy Rules
Korea is expressing strong concerns over France’s proposed revision of electric vehicle (EV) subsidies as it could violate the Korea-European Union (EU) Free Trade Agreement (FTA), according to industry officials and trade experts, Wednesday. The French government has said it is…
Seven Major Automakers To Partner On New 30,000-Unit EV Charging Network
Access to reliable fast charging stations is one of the biggest hurdles the U.S. faces while trying to boost adoption of electric vehicles (EVs). Tesla’s nationwide network of Superchargers is hands-down the best in the country—if not the world. But…
Battery Firm Redwood Materials Raises Over $1 Billion To Expand US Ops
Redwood Materials said on Tuesday it had raised more than $1 billion in new funding as the battery materials firm, founded by former Tesla executive JB Straubel, seeks to expand its operations in the United States. The company in February…
Fisker Rolls Into Three New European Markets
Fisker Inc. (FSR) is expanding its reach as it expands into three new European markets. Fisker will begin delivering its electric vehicles to Belgium, Switzerland, and the Netherlands next month. It will use the “lounge” showroom model it recently debuted…
Florida Residents Told to Move Electric Cars Before Idalia Hits
Florida residents were encouraged on Monday to move their electric vehicles away from areas that “may be impacted by storm surge”ahead of Tropical Storm Idalia’s arrival. “We saw a number of fires associated with EVs [electric vehicles] from Hurricane Ian….
