BYD reveals the Sea Lion 07 SUV, Tesla Model Y challenger
BYD is one of the big names at the ongoing Guangzhou Auto Show, where it revealed the Sea Lion 07, a mid-size electric SUV coupe. The new EV is considered a direct competitor of the […]
Canada’s EV Battery Plant Deals to Cost $5.8 Billion More Than Projected: PBO Report
A new report from the Parliamentary Budget Office (PBO) reveals that provincial and federal support for electric vehicle (EV) battery manufacturing in Canada will surpass initial government projections by $5.8 billion. The report, released on […]
Canada Infrastructure Bank invests $210 million to expand Parkland’s EV charging network across the country
The Canada Infrastructure Bank (CIB) announced a financing agreement with Parkland Corporation, which operates the “On The Run” electric vehicle (EV) charging network in British Columbia and Alberta. The CIB will provide up to $210 […]
Hyundai breaks ground on $1.5 billion EV production plant
Hyundai has broken ground on a new $1.52 billion electric vehicle (EV) plant in Ulsan, South Korea. The plant, scheduled for completion at the end of 2025, is set to start mass production in the […]
Toyota Adds Another $8 Billion to EV Battery Plant in North Carolina
After a week of announcements from automakers delaying EV-related investments, Toyota is doing the opposite, announcing an additional $8 billion investment in its hybrid and electric vehicle (EV) battery factory under construction in North Carolina. […]
Ford Delays $12 Billion in EV Investments Due To UAW Strike Impact and Slow Consumer Demand
The 41-day United Auto Workers strike took a toll on Ford, leading to a $1.3 billion hit to its Q3 earnings, and forcing the automaker to reevaluate its electric vehicle (EV) strategy. One significant development […]
Tesla and bp sign first of a kind deal for $100 million worth of Superchargers
Tesla and bp has signed a deal for $100 million worth of Supercharger equipment as the oil giant looks to expand and improve its electric vehicle (EV) charging network. The deal marks the first time […]
Stellantis Invests $2.1 Billion in Leapmotor To Grow EV Sales
Stellantis has made a substantial bet on Leapmotor by investing €1.5 billion (C$2.1 billion) in the Chinese new energy vehicle (NEV) manufacturer. The investment gives Stellantis approximately 20% equity in Leapmotor, and establishes the formation […]
Nikola Founder Trevor Milton Ordered to Pay $165 Million in Damages
Nikola Motor’s disgraced founder, Trevor Milton, has been ordered to repay the company $165 million in damages following an arbitration proceeding in New York. In December 2021, Nikola agreed to a settlement with the SEC, […]
British Columbia accelerates shift to zero-emission vehicles and adds $7 Million to EV charger rebate program
British Columbia is officially moving ahead with changes to the Zero-Emission Vehicles Act that will require 100% of new light-duty vehicle sales to be zero emission by 2035. Along with the amendments, the government is […]
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