Honda has officially announced a massive $15 billion investment to establish a comprehensive electric vehicle (EV) manufacturing ecosystem in Ontario. The investment includes the construction of four new facilities and is projected to create thousands […]
We reported Honda was considering investing $18 billion in EV manufacturing in Canada. Now, sources have revealed Honda Canada’s plan to set up a battery plant close to its factory in Ontario, where it will also […]
Lucid has received a significant boost to its financial standing with a $1 billion investment from Ayar Third Investment Company, an affiliate of Saudi Arabia’s Public Investment Fund (PIF). The infusion of capital comes at […]
British Columbia is set to grow its electric vehicle (EV) infrastructure with a significant $30 million investment from Budget 2024, aiming to add over 500 new public charging stations to the existing network of 5,000 […]
Tesla has announced the latest milestone for 4680 battery cell production at Giga Texas, with the company revealing they produced enough cells in a single week to build over 1,000 Cybertrucks. Tesla first started battery […]
Facing dwindling sales of the Mustang Mach-E and F-150 Lightning, Ford is repositioning itself in the electric vehicle (EV) market. The automaker’s new direction is highlighted by plans to introduce a compact electric car priced […]
Fisker announced a six-week halt to the production of its electric Ocean SUV, as the company’s financial woes continue to worsen. On Monday Fisker revealed in a regulatory filing that it had only $121 million […]
Rivian had one of the biggest days in their short history on Thursday, officially unveiling the R2, and surprising everyone with the debut of the R3 and R3X. However that wasn’t the only big news […]
Polestar has secured a significant financial boost, raising nearly $1 billion in a new loan from a group of banks. This infusion of capital comes at a crucial point for the Swedish electric vehicle (EV) […]
Apple has decided to terminate its electric car project after more than a decade of trying to get it off the ground. The project, known internally as “Project Titan,” was Apple’s attempt to build an […]
