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 […]
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. […]
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 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 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 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 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 […]
The Ontario provincial government has pledged an investment of $91 million into the EV ChargeON program, which aims to build thousands of new electric vehicle (EV) charging stations in smaller and medium-sized communities, as well […]
Automotive behemoth Stellantis is going all in with electric vehicles. The company has announced a new business unit, the Stellantis Pro One, which will handle its light commercial vehicle (LCV) business. The automaker is also announcing […]
Rivian CEO RJ Scaringe has taken steps to address concerns and reassure investors about the recent issuance of $1.5 billion in convertible green bonds by the electric vehicle (EV) manufacturer. Earlier this month Rivian revealed […]
