Australian Prime Minister Scott Morrison has been accused of backpedalling on his electric vehicle (EV) stance following new incentives encouraging the uptake of electric vehicles. Morrison announced a $178 million (US$131 million) boost to its Future Fuels Fund, with a total of $250 million (US$184 million) now allocated to increasing accessibility to affordable electric vehicles….
Morrison Criticised for Supposed Electric Vehicle Policy Backtrack
Australian Prime Minister Scott Morrison has been accused of backpedalling on his electric vehicle (EV) stance following new incentives encouraging the uptake of electric vehicles. Morrison announced a $178 million (US$131 million) boost to its Future Fuels Fund, with a total of $250 million (US$184 million) now allocated to increasing accessibility to affordable electric vehicles….
This OTC Automaker Stock Riding EV Momentum Has Better 1-year Returns Than Apple, Nio, and GM
German automaker Volkswagen Group’s (VWAGY) over-the-counter stock has fetched far more handsome returns over the past year than U.S. tech giant Apple Inc. and Shanghai, China-based electric automaker Nio Inc. Just as rival legacy automakers, Volkswagen is dedicating billions of dollars and setting a tighter deadline to switch to a fully electric vehicle portfolio. Volkswagen…
Tesla Model 3 Becomes First EV to Top European Monthly Sales
FRANKFURT—Tesla’s Model 3 topped European car sales in September, marking the first time an electric vehicle has done so in monthly charts, research group JATO Dynamics said on Monday. At 24,591 cars registered, Tesla’s Model 3 recorded year-on-year growth of 58 percent, followed by Renault’s Clio, Dacia’s Sandero, and Volkswagen’s Golf model, JATO said. In…
Panasonic Unveils Prototype Battery to Help Tesla Lower Production Costs
TOKYO—Panasonic on Monday unveiled a new large prototype battery designed to help Tesla Inc. lower electric vehicle (EV) production costs, in a move the Japanese company’s battery chief said would deepen business ties with its key U.S. customer. During a media roundtable where Kazuo Tadanobu showed the battery that is around five times the size…
Stellantis Powers up Electric Plans With Samsung SDI US Deal
SEOUL/MILAN—Stellantis and South Korea’s Samsung SDI Co., Ltd. have entered a preliminary agreement on a joint venture to produce electric vehicle (EV) battery cells and modules in the United States, the two companies said on Friday. The tie-up comes less than a week after the world’s fourth-largest automaker signed a similar agreement with South Korea’s…
Xiaomi CEO Says Firm to Mass Produce Its Own Cars in H1 2024: Spokesperson
October 19, 2021
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SHANGHAI—Xiaomi Corp Chief Executive Lei Jun said the Chinese smartphone maker will mass-produce its own cars in the first half of 2024, a company spokesperson said on Tuesday. The comments, which were made at an investor event, were first reported by local media and later confirmed by the company. Zang Ziyuan, a director in Xiaomi’s…
Apple Supplier Foxconn Unveils 3 EVs Including Sedan, SUV, Bus: What You Need to Know
Key Apple Inc. supplier Hon Hai Precision Industry Co. Ltd on Monday launched three new electric vehicles at its annual tech day. The three new electric vehicle models include a sports utility vehicle named Model C, a Model E sedan, and a Model T bus. The Taiwan-based Apple supplier, better known as Foxconn, said all…
BMW Invests in Lithium Technology Startup Lilac Solutions
BMW said on Wednesday it will invest in lithium technology startup Lilac Solutions Inc to support more-efficient ways to produce the electric vehicle battery metal. Privately-held Lilac is part of a growing number of technology developers seeking to extract lithium from saltwater brines faster, cheaper, and with less water than evaporation ponds, which have long…
Federal Jury Orders Tesla to Pay Over $130 Million to Former Worker Over Racism Claims
Tesla has been ordered by a federal jury to pay more than $100 million to a black former worker who claims he was subjected to a “racially hostile” work environment which the company failed to protect him from, the Wall Street Journal reports. Owen Diaz worked as an elevator operator at Tesla’s Fremont, California factory for…
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