Renault Vows to Lower EV Battery Costs 20% With New Process
Renault SA pledged to reduce its battery costs by around 20%, in a bid to remain competitive by adopting a cheaper cell chemistry and new production processes for electric vehicle components.
Polestar Loss Deepens to $1.46B Amid Slowing EV Demand
Polestar Automotive Holding UK Plc reported deepening losses for last year as the EV maker faced weaker demand amid organizational challenges that delayed its earnings report.
Could Cheap Chinese EVs Reach US From Mexico?
Low-priced Chinese EVs pose a potentially "extinction-level event" for America’s auto industry.
Key EV Battery Material Can Come From Methane
Graphite is key to manufacturing the lithium-ion batteries that power electric cars, and there has been a push to grow a U.S. supply chain.
Fisker Files for Bankruptcy Protection
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers.
The $25,000 Electric Car Is Coming to US Soon
With signs of slowing growth in the premium EV market, manufacturers have been working on a pivot from luxury to practicality. The $25,000 economy electric car is the industry’s new target.
Senators Ramp Up EV Pushback
Republicans in the Senate are taking aim at the Biden administration’s promotion of EVs, and Democrats are calling out the administration for a lack of progress on charging infrastructure.
Honda Launches Long-Awaited Electric Van Starting at $15,550
Honda will launch its long-awaited electric van in October, starting at $15,550, as it pushes forward with its decarbonization goals despite a slowdown in electric vehicle sales.
Thieves Target EV Charging Stations for Copper Wiring
Thieves have been targeting EV charging stations, intent on stealing the cables, which contain copper wiring.
Real-World Mileage Standard for New Vehicles Rising
WASHINGTON — New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules.