Lucid Gains After EV Maker Secures $1.5 Billion Lifeline
Lucid Group will get a cash infusion of as much as $1.5 billion from an affiliate of Saudi Arabia’s Public Investment Fund, the second time this year the EV maker has received much-needed funding.
Trump Targets Biden Administration’s EV Agenda at RNC
A rollback of policies that former President Donald Trump believes unfairly target fossil fuel-powered vehicles would be among the central priorities he'd tackle if re-elected this fall.
EV Output Is 45% Below Carmakers’ Expectations, Supplier Says
Carmakers are faced with significant overcapacity to make EVs because of softening demand with many turning back to development plans for combustion-engine cars, OPmobility SE reports.
Alternative Powertrain Might Unlock US EV Market
An alternative vehicle powertrain called an EREV that’s booming in China might hold the answer to encouraging Americans to adopt electric cars and trucks.
Sodium-Ion Battery Startup Peak Sparks Lithium Alternative
Startup Peak Energy received $55 million in funding to scale up production of sodium-ion batteries that the company is positioning as an alternative to lithium-ion technology.
GM CEO Barra Backs Away From 1 Million EV Production Goal
General Motors Co. CEO Mary Barra walked back expectations for her company’s electric vehicle program, the latest such move by a legacy automaker as momentum slows for plug-in models.
Perspective: The US Needs Lithium Independence
The race for lithium, the lifeblood of modern batteries, is on. Spurred by the adoption of electric vehicles, the use of lithium has extended to the trucking industry.
VinFast Delays North Carolina Plant
VinFast Auto Ltd.’s decision to delay its U.S. factory is the latest challenge to its ambition of becoming a global electric vehicle brand and places further pressure on its sales outlook.
Entek Poised to Get $1.2 Billion US Loan
The Biden administration is poised to lend $1.2 billion to Entek Lithium Separators to help expand the U.S. supply chain for lithium-ion batteries used in electric vehicles.
July 9, 2024Chinese Firms Eye Morocco to Cash In on US EV Subsidies
TANGIERS, Morocco — After the U.S. passed subsidies designed to boost domestic EV production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in Morocco.