Tag: EVs
Lordstown Motors closes critical deal with Foxconn
Lordstown Motors Corp. announced on Wednesday that it has finally closed its deal with Taiwan-based Foxconn, which will provide the company with much-needed capital that...
General Motors to return to Europe for EV production, CEO Mary...
General Motors Chief Executive Officer Mary Barra announced this week that the automaker is planning on returning to Europe and will only be manufacturing electric...
GNYADA Pres. Mark Schienberg on electric cars, OEM direct sales, and...
Today on Inside Automotive, we’re pleased to welcome back Mark Schienberg, President of the Greater New York Automobile Dealers Association or GNYADA to discuss...
U.S. government to allocate over $3 billion to EV battery manufacturing
On Monday, U.S. government officials said that over $3 billion of last year's $1 trillion infrastructure bill would be put towards electric vehicle (EV) battery...
Georgia to give Rivian $1.5 billion in tax credits and incentives
In a statement earlier this week, the State of Georgia and Rivian Automotive Inc. said the electric automaker would be receiving $1.5 billion in incentives and...
Volkswagen considers expanding Chattanooga plant to make room for EV production
According to an inside source, Volkswagen is currently exploring the possibility of expanding its plant in Chattanooga, Tennessee, to accommodate the production of an...
Lucid Group to provide Saudi Arabia 50,000 electric cars over the...
California-based Lucid Group Inc. said this week that the government of Saudi Arabia has agreed to buy at least 50,000 Lucid vehicles throughout the next decade....
Lotte Chemical, Soelect join forces to expand electric car battery production...
On Tuesday, South Korea’s Lotte Chemical and North Carolina-based electric vehicle battery maker Soelect announced they had signed a memorandum of understanding indicating a...
Minister Nitin Gadkari renews offer for Tesla to make electric cars...
India’s Road Transport Minister Nitin Gadkari continues his push to get Tesla to produce vehicles in the country despite ongoing disagreements about a potential manufacturing plant...
First-quarter Kia sales drop 0.6%, operating profit climbs
On Monday, South Korea-based Kia Corp released its first-quarter results and reported a slight drop in net profit and sales. Net profit ended at approximately $825...
