A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Northvolt, a key battery producer for Europe’s electric vehicle industry, announced Monday that it plans to cut jobs, shut down one of its sites, and enter into discussions with partners and investors to secure the future of a facility … Read more
Cylib, a startup backed by Porsche and Bosch, is building a huge electric vehicle battery recycling facility in Dormagen, a town in Germany’s North Rhine-Westphalia region. Cylib A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their … Read more
Fronts of the GMC Sierra Denali,Tesla Cybertruck and Ford F-150 Lightning EVs (left to right). Michael Wayland / CNBC DETROIT – Tesla, General Motors, Rivian Automotive and Ford Motor have created a new market in the U.S. automotive industry of pricey, powerful and precarious electric pickup trucks that sell for $100,000 or more. Just five years … Read more
Toyota’s “We Roll Deep Anthem” spot includes fans and NFL stars “setting off on an adrenaline-packed NFL adventure.” Screenshot Automakers are rushing back into advertising during the National Football League season after a slowdown in recent years. Toyota Motor Corporation, Hyundai Motor Company and the Detroit automakers are among those expected to capitalize on the … Read more
Plant Vogtle, a nuclear power plant in Waynesboro, Georgia, is the largest source of clean energy in the U.S. following the addition of two new reactors, according to Georgia Power. The plant’s unit 4 reactor began commercial operations in April and unit 3 went online last year. They are the first reactors built from scratch … Read more
Various vehicles and special parts are displayed at Mercedes-Benz Museum, an automobile museum, welcoming its visitors in Stuttgart, Germany on June 28, 2024.. Gokhan Balci | Anadolu | Getty Images Germany’s car industry was once recognized around the world for its high-quality, innovative combustion engine cars. Owning a German car was a luxury and status … Read more
A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024. Cfoto | Future Publishing | Getty Images Volvo Cars on Thursday scaled back its margin and revenue targets, after announcing it was no longer targeting 100% all-electric vehicle sales by 2030. … Read more
A Ford Raptor pickup truck is displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT — Ford Motor’s U.S. vehicle sales jumped 13.4% last month, led by increases in the company’s F-Series trucks and hybrid models. The Detroit automaker reported sales Thursday of nearly … Read more
A Tesla Model S car equipped with Autopilot. David Paul Morris | Bloomberg | Getty Images Tesla said it will launch its “Full Self Driving” driver assistance product in Europe and China early next year. In a post on the X social media platform, Elon Musk’s electric vehicle company on Thursday said that the service … Read more
The chip shortage took its toll on the auto industry, which has become increasingly reliant on semiconductors. Mikael Sjoberg | Bloomberg | Getty Images Swedish automaker Volvo Cars on Wednesday abandoned its near-term goal of only selling electric vehicles, citing a need to be “pragmatic and flexible” amid changing market conditions and cooling demand. Volvo … Read more
