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Canada’s Magna International teams up with REE Automotive to develop modular EV
Magna International has announced it will be joining forces with Israel’s REE Automotive Ltd. to develop modular electric vehicles (MEVs). Based in Aurora Ontario, Magna will use their experience in vehicle systems integration and manufacturing […]
Rivian partners with Samsung SDI for EV battery supply
Rivian has finally announced its battery partner for their upcoming electric vehicles (EVs), deciding to go with Samsung SDI. The automaker and the south Korean battery company made the announcement Monday morning, saying they have […]
Tesla (TSLA) gets new price target from Canaccord Genuity on the back of Energy Storage business
Tesla (TSLA) has its fair share of bulls and bears on Wall Street. Canaccord Genuity can be added to the list of bulls after giving the automaker a new price target, but not because of […]
What data does Tesla Insurance collect from your car?
The Tesla Insurance website says it uses “anonymized, aggregate data” to provide lower insurance rates to owners. The website also says Tesla Insurance does not currently use data from individual vehicles, such as video footage […]
LG and SK Innovation settle EV battery spat
SK Innovation agreed to pay $1.8 billion USD to LG Energy Solutions in a confirmed settlement. The payment will be split between cash and royalties. The two South Korean companies have been spatting over the […]
EV Lobby angered by New Saskatchewan EV tax
Saskatchewan introduced a new EV tax in the 2021 Provincial Budget earlier this week. The tax, which is $150 for each passenger EV, will go towards highway maintenance in the province. The tax was the […]