EV car maker’s shares are on track for their largest increase since mid-2022! Recent price cuts have helped lift investor sentiment on Tesla. Tweet on Tesla’s record profit on the last Q3 2022Read More
Mercedes-Benz said that electric-vehicle sales from its Passenger Cars business more than doubled last year! A rather surprise development for the German luxury auto maker as it plans to roll out its ownRead More
EV startup Rivian halted negotiations with Mercedes-Benz Group over a planned tie-up to produce electric vans in Europe! Taht came as as part of a wider effort at the SUV and truck makerRead More
Auto maker posts 37% jump in quarterly profit! While warning battery-production challenges could slow electric-vehicle rollout. GM’s quarterly result showed that its traditional business has performed well despite higher borrowing costs and recessionaryRead More
Volkswagen presented a concept car for an all-electric off-road SUV in Ticino, Switzerland, called the ID.XTREME The ID.XTREME uses Volkswagen’s modular electric drive matrix (MEB). The team under Mr. Rekewerth (the Head ofRead More
EV adoption in the U.S. happening much faster than anticipated! According to an observation of research by Recurrent Auto, which is focused on providing transparency and confidence in pre-owned EV transactions. Tweet onRead More
Panasonic, one of Tesla’s most important suppliers, is in talks to build a roughly $4 billion EV battery plant in Oklahoma! Panasonic Holdings Corp., a supplier to electric-vehicle maker Tesla Inc is inRead More
Bank Australia has announced that it will no longer supply loans for ICE vehicles by 2025. The bank will continue to offer loans for used ICE vehicles until more affordable electric offerings becomeRead More
Electric-truck startup Nikola Corp. said it has agreed to buy battery-technology company Romeo Power Inc. in an all-stock deal that values Romeo at roughly $144 million. Deal comes as makers of electric-vehicle batteriesRead More
Canoo’s Electric Vehicles are to be used for Walmart ‘Last Mile Deliveries’ in support of Its growing eCommerce business! Shares reacted and rose over 15% upon the news on the deal with Walmart.Read More
