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 […]
The Government of Canada has announced a $25 million investment to accelerate the country’s shift toward zero-emission transportation, funding 33 projects that will expand electric vehicle (EV) charging infrastructure, advance battery innovation, and modernize commercial […]
Tesla has landed a massive US$2.7 billion contract with Georgia Power to deliver more than 3 gigawatts (3,022 megawatts) of battery energy storage powered by its Megapack technology. This deal, one of the largest of […]
Tesla has awarded CEO Elon Musk a massive interim compensation package valued at approximately $29 billion, amid ongoing litigation over his disputed 2018 pay package. The new package, consisting of 96 million restricted shares, was […]
Tesla has announced a new sales milestone — 3 million units of the Model 3 have been sold worldwide since its debut in mid‑2017. While this benchmark is remarkable in its own right, it becomes even more […]
