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General Motors (GM) is wrestling with the production of their electric vehicles, as revealed by a top executive this Wednesday. GM’s Chief Financial Officer, Paul Jacobson, speaking at a J.P. Morgan investor conference, pointed out issues concerning the assembly of battery modules. This challenge, impacting everything from Cadillac Lyriq SUVs to BrightDrop vans, was “a…
Britain’s upper parliamentary chamber, the House of Lords, announced on Wednesday its intent to deeply scrutinize the country’s shift to electric vehicles (EVs). This initiative will focus on several aspects, including the government’s timeline for phasing out combustion engine cars, the adequacy of the EV charging infrastructure, and the plans surrounding end-of-life disposal for these…
Li Auto, an emerging Chinese automaker, has its sights set on outpacing luxury car giants BMW, Mercedes-Benz, and Audi in its domestic market by 2024. The company’s CEO, Li Xiang, reportedly confidently proclaimed on Tuesday, “We would strive to become the no.1 premium car brand in China in 2024 in terms of sales.” He revealed…
Rivian Automotive, the Amazon-backed electric vehicle (EV) manufacturer, provided a refreshing update on Tuesday, elevating its annual production expectations. Additionally, the company’s chief executive assured stakeholders of its solid financial health, projecting sufficient funds to operate smoothly until 2025. In the immediate aftermath of this announcement, Rivian’s stock experienced a surge,
In a significant corporate reshuffle, Tesla, the world’s top automaker in valuation, announced on Monday that its chief financial officer, Zachary Kirkhorn, is stepping down. After a remarkable 13-year journey with the company, Kirkhorn will make way for Vaibhav Taneja, currently heading the accounting division. While Kirkhorn will bid his final adieu at the end…
Subaru, the renowned Japanese automaker, has revved up its efforts in green energy by setting an ambitious target. The company aims to sell 600,000 battery electric vehicles (EVs) annually by 2030, making up half of its global sales. This move marks a significant shift from its previous goal to have battery EVs and hybrids represent…
Oil titan Exxon Mobil is venturing into the electric vehicle (EV) industry, looking to supply lithium to leading automakers, according to Bloomberg Law. Talks are underway with major players such as Tesla, Ford, and Volkswagen, among others. The negotiations also include tech giants Samsung and SK On Co, signalling Exxon’s intent to penetrate the EV…
Tesla, the renowned electric vehicle manufacturer, is under scrutiny, with accusations of inflating the driving range figures displayed on their dashboard, as reported by Reuters. This claim could shake the trust of EV drivers who rely heavily on accurate range data when on the road. For any electric vehicle, the driving range, the distance it…
One email. Six stories. Filed each morning before the world is. Read by Tesla owners, Rivian preorder holders, dealer GMs, and the analysts that move EV stocks.
