In an earnings call, Fiat Chrysler stated that in 2020, it spent $362 million USD ($458 million CAD) on regulatory credits in Europe. For automakers who struggle to meet Europe’s CO2 emission standards, they can […]
Steve Westly, a former Tesla board member, told CNBC that Tesla will soon be facing intense competition in the electric vehicle industry. Tesla is currently the leader in the EV sector, generating $31.5 billion in […]
Yusaku Maezawa, a Japanese billionaire, announced that he will be choosing eight members of the public to fly with him on SpaceX’s Starship on a trip around the moon. Starship is scheduled to fly around […]
There is speculation that Tesla will be growing its electric vehicle production facility in China by acquiring nearly 114 acres next to Giga Shanghai. Although a recent land rights’ transfer did not mention Tesla, the […]
Despite the country’s role in the global supply chain, Australia is one of the slowest adopters of electric vehicles. The world saw a 43% surge in the sale of EVs, accounting for 3.2 million sales. […]
Seven out of ten (68%) Canadians who plan on buying a new car in the next five years are likely to choose an electric vehicle. A recent survey by KPMG reveals that there is large […]
LG Energy Solutions – a subsidiary of LG Chem – is currently converting some of its production lines to produce 4680 batteries for Tesla. According to South Korean reports, LG has already installed assembly and […]
A filing with the United States’ Security and Exchange Commission (SEC) has confirmed SpaceX has received $850 million in funding. Sequoia, an investment firm, has also contributed over $600 million to SpaceX. In addition, with […]
Redwood Materials has signed a deal with Envision AESC, agreeing to recycle defective battery cells and scraps. Envision AESC manufactures batteries for the Nissan Leaf in Smyrna, Tennessee, and Redwood Materials is owned by former […]
Across the United States, Lordstown Motors Corp. has pre-sold 100,000 fully electric pickup trucks. “Our initial foray is into fleets, and we have pre-sold 100,000 of these vehicles to various fleets across America — really […]
