Tag: EV production
Lucid’s projected revenue falls short in 2023, prepares for increased EV...
Only days after reducing its reservation total from 34,000 to 28,000, EV brand Lucid revealed plummeting Q4 revenue. The manufacturer earned $257.7 million between...
Biden Admin awards $2.8 billion to support EV battery production in...
The Biden administration announced it is awarding $2.8 billion in grants for projects in the United States that will help expand the manufacturing of electric...
BMW plans $1.7 billion investment in US electric vehicle production
BMW Group plans to invest $1.7 billion in its US operations to build electric vehicles and batteries. $1 billion is earmarked for the automaker's existing...
S. Korean automakers share concerns over US Inflation Reduction Act
South Korean officials will meet with agents from the US Trade Representative's office and the US Treasury to express "concerns" about the Inflation Reduction Act, signed by President Joe...
Stellantis calls for EV affordability, warns high prices could collapse market
The EV industry might be in trouble if they do not lower the average listing price for their vehicles. Although Europe and China are...
Rivian CEO says the automaker faces challenges in securing parts for...
During a tour of Rivian's Normal, Illinois-based production factory, the automaker's CEO R.J. Scaringe said it could not secure necessary parts for production, causing sharp...
General Motors to invest billions more in battery plant and EV...
On Tuesday, General Motors announced a $2.6 billion-dollar investment to build a third battery cell manufacturing facility in the US. The new plant will...
