Tesla manufactures its 3 millionth car
Tesla has come a long way from the scrappy startup many people doubted would survive. It has announced the production of its 3 millionth car. The American company was created in 2004 but started production […]
VW starts North American production of MY23 ID. 4 electric SUV
Volkswagen announced this morning that the company is starting production of the MY23 ID.4 electric SUV at its Chattanooga, Tennessee facility. The company plans to ramp up production to 7,000 cars per month to speed […]
GM sells their first green bonds for $2.25 billion
General Motors has sold its first-ever green bonds to fund the continued electrification of its line-up. According to sources familiar with the matter, the automaker priced $2.25 billion of green bonds in two parts. The […]
Sources say Audi A3 is going electric with a range of 650 km in 2027
The fifth generation of the Audi A3 could be launched as an electric-only model when it comes out in 2027. As per The Driven, unnamed sources at Audi revealed that it is expected that Audi […]
Ford reports $667 million profit on $40.2 billion revenue in Q2 2022
Ford has reported its performance for the second quarter of 2022. The company generated $667 million on top of $40.2 billion in revenue. The profit was 19 percent better year-on-year, and it comes after Ford […]
Two millionth Tesla vehicle rolls off Fremont factory production line
Tesla’s Fremont factory has reached a significant milestone this week, producing its 2 millionth vehicle on Monday. Tesla celebrated the accomplishment by sharing a video of the 2 millionth vehicle, a Red Multi-Coat Model 3 […]
Fisker wants to make one million EVs by 2030; hires BMW’s SVP of Manufacturing
Fisker is working towards bringing the Ocean EV to market this fall but is already looking beyond that milestone. The company has announced its plan to manufacture one million electric cars by 2027. To achieve […]
Umicore signs MOU to build $1.5 billion EV battery materials plant in Ontario
Prime Minister Justin Trudeau announced this morning that metals refiner Umicore has signed a memorandum of understanding (MOU) to invest $1.5 billion and build a new electric vehicle (EV) battery materials plant in Ontario. The […]
Giga Nevada overflowing with half a billion dollars worth of Tesla Megapacks waiting to be delivered
Tesla’s Giga Nevada may best be known for producing battery packs for their electric vehicles, but it also produces Tesla Energy battery storage products like the Megapack. Based on a recent drone flyover of the […]
Volkswagen strengthens its EV battery supply with $20 billion investment
Volkswagen is on a drive to redeem its image after the dieselgate scandal and is heavily investing in zero-emission automobiles. Today the automaker announced it is spending $20.38 billion on EV batteries under a new […]
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