Nikola TRE FCEV2 Courtesy: Nikola Electric heavy-truck manufacturer Nikola is eagerly awaiting the results of its shareholders’ vote on its plan to raise capital through the sale of additional stock. The outcome of this vote will determine if Nikola can proceed with its plan to increase the total number of authorized shares to 1.6 billion …
When President Joe Biden arrives in South Carolina today to highlight a new solar-energy manufacturing facility, he will bring attention to an interesting trend: some of the biggest beneficiaries of his economic agenda are Republican-leaning areas whose political leaders have consistently opposed his initiatives. Built upon a trio of bills signed by Biden in his …
XPeng Inc., a Chinese electric vehicle manufacturer, is set to boost its sales with the launch of the G6 electric sport utility vehicle (SUV) after experiencing a decline in the first quarter, according to Bloomberg. XPeng reported a quarterly return to growth for car deliveries, with a 27% rise in the second quarter, surpassing its …
Tesla reported strong second-quarter deliveries, with a remarkable 83% increase compared to the previous year. The surge in sales was mainly due to multiple price reductions on its electric vehicle models and the utilization of US government tax credits by buyers. The Texas-based company, known for its electric vehicles, solar panels, and batteries, sold a …
Over 50% of new cars sold in the United States by 2030 are expected to be electric vehicles, which presents a significant challenge for the country’s electric grid. The current system was built for a world that relies on fossil fuels, so it may struggle to handle the increased demand from electric vehicles. According to …
The Endurance electric pickup truck by Lordstown Motors Corp. was unveiled in Lordstown, Ohio on June 25, 2020. Image Source: Bloomberg Lordstown Motors, a struggling electric-truck manufacturer, filed for Chapter 11 bankruptcy protection on Tuesday. The company also announced its intention to sell itself amidst an ongoing dispute with Taiwanese manufacturer Foxconn over promised investments. …
On February 13, 2023, Ford CEO Jim Farley made an announcement at a battery lab in suburban Detroit. He revealed plans for a new $3.5 billion electric vehicle battery plant in Michigan. This plant will produce lithium iron phosphate batteries. This investment by Ford is a clear indication of their commitment to electric vehicles and …
A woman walks past a FedEx Ground vehicle parked in the Midtown neighborhood of New York, Dec. 4, 2015. John Taggart | Bloomberg | Getty Images Discover the top trending companies in premarket trading. FedEx — The shipping giant’s shares declined by 2.9% following the release of its quarterly results. While FedEx exceeded earnings expectations, …
The 2023 Alfa Romeo Tonale, a new vehicle that combines smart technology with stunning design, has been making waves in the automotive industry. However, according to the latest Initial Quality Study by J.D. Power, new vehicles in general are facing a range of quality problems, unlike anything seen in the past 37 years of the …
Tesla CEO Elon Musk is scheduled to meet India’s Prime Minister Narendra Modi today in New York during Modi’s visit to the United States, according to two sources familiar with the situation. Musk and Modi will discuss Tesla’s plans in India, including the establishment of a manufacturing base and potential incentives for battery production. While …