General Motors (GM) announced today it will be increasing its investments in electric and autonomous vehicles, planning to spend $35 billion by the year 2025. The announcement is a 75% increase on the $20 billion […]
Italian supercar maker Lamborghini announced plans to spend $1.8 billion to electrify their lineup and launch their first fully electric vehicle by the year 2030. The plans were revealed by CEO Stephan Winkelmann on Tuesday, […]
Better known for making smartphones, China’s Xiaomi has confirmed it plans to expand into the world of electric vehicles (EVs). The billionaire co-founder of Xiaomi, Lei Jun, will lead the new EV division and plans […]
Vancouver-based electric motorbike maker Damon Motors Inc. is riding high this week after securing $30 million in funding. Led by Benevolent Capital, SOL Global Investments, Zirmania, and others, the fresh infusion of capital will help […]
As part of its commitment to only offer electric vehicles (EVs) in Europe by 2030, Ford has announced plans to spend $1 billion to upgrade it’s manufacturing facility in Cologne, Germany. Ford made the announcement […]
Rivian had plans to launch its first electric vehicles, the R1T pickup truck and R1S SUV, later this year. But like many automakers, those plans were delayed due to the ongoing coronavirus pandemic. But in […]
Volkswagen and Rivian have officially kicked off their $5.8 billion joint venture, a strategic partnership aimed at developing next-generation software and electrical architecture for electric vehicles (EVs). The collaboration between the two companies marks a […]
Tesla’s stock rally following the recent US presidential election has been good for investors, but has spelled financial disaster for short sellers, or those placing bets against the electric vehicle (EV) maker. Tesla’s stock price […]
Tesla has secured yet another large Megapack contract, and again in Australia. This time the deal with worth US$200 million, and will see Tesla supply its Megapack battery systems to two major energy storage projects […]
Ford has published its third-quarter earnings report, and it could have looked a lot different were it not for a shift in the automaker’s electric vehicle (EV) strategy. Ford’s Q3 revenue topped $46 billion, marking […]
