FHWA Releases Uniform Guidelines for EV Charging Stations
The Federal Highway Administration on June 9 released the blueprint for states to follow to develop the 500,000 charging stations that are key to the Biden administration’s goal of switching Americans from gasoline- to electric-powered vehicles.
Rivian Manufacturing Chief to Depart in Management Shuffle
Rivian Automotive Inc. is shuffling its executive ranks in an effort to help the Amazon.com Inc.-backed company overcome growing pains.
Stellantis, Samsung Plan Indiana EV Battery Plant
KOKOMO, Ind. — A joint venture between Stellantis and Samsung plans to build an electric vehicle battery factory in Indiana that will employ up to 1,400 workers and become the company’s second such factory in North America.
May 24, 2022Lithium Miner Albemarle Lifts Outlook as EV Battery Demand Surges
Albemarle Corp., the world’s largest producer of lithium, raised its outlook for the second time this month as tight supply and growing electric vehicle demand forces battery makers to pay up for the metal.
Hyundai Announces $5.5 Billion EV Plant in Georgia
ELLABELL, Ga. — Hyundai Motor Group confirmed May 20 the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history.
Rivian Dispute With Seat Supplier Could Delay Production of Amazon Vans
Rivian Automotive Inc. fell almost 7% May 16 on word the electric vehicle startup is in a dispute with a key seat supplier that could jeopardize its delivery van contract with patron Amazon .com Inc.
Rivian Says Production Increased, Keeps Sales Target at 25,000
Rivian Automotive Inc. said it accelerated production and stepped up sales in the first quarter, keeping the electric pickup maker on track to deliver 25,000 EVs this year.
Lordstown Motors Again Postpones Deadline for Foxconn Plant Deal
Electric truck startup Lordstown Motors Corp.’s shares sank as much as 19% after it pushed back a deadline to complete the sale of its Ohio assembly plant to Foxconn.
Wall Street, Tech Investors Back Musk Twitter Bid With $7 Billion
Elon Musk has strengthened the equity stake of his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors, including Silicon Valley heavy hitters such as Oracle co-founder Larry Ellison.
White House to Help States Plan for National EV Charging Network
The new Joint Office of Energy and Transportation has helped 44 states in the past two months with technical assistance as part of the White House’s $7.5 billion deployment to build a national electric vehicle charging network.