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The Latest Breaking News from electric vehicle

State, local officials offer $1.5B to land Rivian project

State and local officials promised electric vehicle maker Rivian nearly $1.5 billion in tax breaks and other incentives to build a factory east of Atlanta, the most lucrative package of inducements Georgia has ever offered for what Gov. Brian Kemp calls the largest economic development project in state history.

Tribune News Service

Deco backs promotion of BEVs

Deco Green Energy Co, a Thai electric motorcycle manufacturer and distributor, signed an agreement yesterday with the Excise Department to promote battery electric vehicles (BEVs) under the government's subsidy and tax incentive measures.

Bangkok Post

Exro Shares Pop On Supply Agreement With Vicinity Motor

Exro Technologies Inc (OTC:EXROF) has signed a multi-year agreement with Vicinity Motor Corp (NASDAQ:VEV) for coil drivers. The financial terms were not disclosed. Under the agreement, Vicinity will purchase high-voltage Coil Drive System units from Exro, along with a production slot, system pricing, and commissioning services. The agreement commences with a first lot purchase order…

Benzinga

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New Electric Motorcycle From Harley-Davidson Unit Could Be Unveiled Next Week

Motorcycle fans looking for an electric vehicle option could be in luck soon with leader Harley-Davidson Inc (NYSE: HOG) set to unveil a new electric motorcycle next week.

Benzinga

Romania Introduces Special Green License Plates For Electric Vehicles

Romania is following in the footsteps of other states that have implemented similar ways of distinguish EVs through green number plates.

InsideEVs

Cathie Wood Watch: Ark Buys Robinhood, Draftkings, Software Firm

Ark also purchased an online sports gambling company. Wood sold an electric vehicle company.

The Street

IPG Photonics Tops Q1 Aided By Robust Demand For EV Applications

IPG Photonics Corp (NASDAQ:IPGP) reported first-quarter FY22 revenue growth of 7% year-on-year to $369.98 million, beating the consensus of $334.79 million. Materials processing sales accounted for 92% of total revenue and increased 7% Y/Y with higher sales in welding, marking, 3D printing, and cleaning applications. Sales into Other applications increased 9% Y/Y, driven…

Benzinga

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US To Spend Over $3B For Boosting EV Battery Production, Supply Chains

The U.S. Department of Energy (DOE) said on Monday it would spend more than $3 billion in infrastructure funding to fund electric vehicle (EV) battery making. What Happened: DOE will allocate the funds from the $1 trillion infrastructure bill that President Joe Biden signed last year.

Benzinga

Nio, Other China Tesla Rivals Fall: What's Weighing On Hong Kong EV Stocks Today

Shares of U.S.-listed Chinese electric vehicle makers Nio Inc (NYSE: NIO), XPeng Inc (NYSE: XPEV), and Li Auto (NASDAQ: LI) traded i

Benzinga

Rivian To Get $1.5B In Incentives For Planned Georgia EV Factory

Rivian Automotive Inc (NASDAQ: RIVN) said on Monday it will receive $1.5 billion in state and local incentives for its electric vehicle plant that it plans to build in Georgia.

Benzinga

Cathie Wood Sells Another $6.4M In Tesla — Adds To Stake In These 2 Stocks

Cathie Wood-led Ark Investment Management booked more profit in Tesla Inc (NASDAQ: TSLA) on Monday as shares in the electric vehicle firm rose, and increased exposure to zero-commission trading app maker Robinhood Markets Inc&

Benzinga

Georgia sets $1.5B in aid for electric vehicle maker Rivian

The state of Georgia and local governments will give Rivian Automotive $1.5 billion of incentives to built a 7,500-job, $5 billion electric vehicle plant

The Independent UK

US Department of Energy announces $3.1B in funding for battery production

WASHINGTON — The U.S. Department of Energy announced Monday it would distribute more than $3.1 billion in matching grants for electric vehicle battery manufacturing and processing.

Tribune News Service

Tesla's Rival Nio Suffers from Covid Lockdowns

China-based electric vehicle makers face a decline in

The Street

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The Conversation

Beyond electric cars: how electrifying trucks, buses, tractors and scooters will help tackle climate change

When you think of an electric vehicle, chances are you’ll picture a car. But there’s a quiet revolution going on in transport. It turns out electrification can work wonders for almost all of our transport options, from electric bikes to motorbikes to buses to freight trains and even to tractors…

StockNews.com

Is XPeng a Buy at $25?

Chinese electric vehicle (EV) manufacturer XPeng (XPEV) reported a 75% year-over-year increase in its EV sales last month. However, the persisting supply chain issues threaten to disrupt its production capabilities. The stock has declined about 16% over the past month, closing the last session at $24.61. So, will it be…

The Japan News/Yomiuri

Toyota unveils 1st exclusively electric model under Lexus brand

Toyota Motor Corp. has unveiled details of the RZ, the first exclusively electric vehicle model under its Lexus brand, hoping to make its presence felt in the luxury EV market.

Tribune News Service

Michigan, National Park Service look for cleaner transportation options to cut congestion

It may get easier for visitors to get around Michigan's national parks and charge their electric vehicles, thanks to a state and federal partnership.

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The Hindu

All electric vehicle fire incidents will be probed, says Transport Secretary Giridhar Aramane

The Indian electric vehicle industry is bound to prosper and grow beyond our imagination, asserted Road Transport and Highways Secretary Giridhar Aramane

The Guardian - AU

Labor’s election pitch: five key policies unveiled at party’s campaign launch

Anthony Albanese outlines vision for medicines, manufacturing jobs, gender pay equity, electric vehicles and housing affordability

The Conversation

Albanese pledges to make gender pay equity a Fair Work Act objective

Anthony Albanese has pledged a Labor government would make gender pay equity an objective of the Fair Work Act and strengthen the Fair Work Commission’s powers to order pay rises for workers in low paid industries dominated by women.

AAP

Labor to charge electric vehicle take-up

Labor has pledged to double the Commonwealth's $250 million Future Fuels Fund and establish a new Driving the Nation Fund to accelerate electric vehicle uptake.

The Independent UK

Biden order to boost mining may not have quick payoff

President Joe Biden is turning to a Cold War-era law to boost production of lithium and other minerals used to power electric vehicles

Bangkok Post

Panel to mull perks for EV batteries

The National Electric Vehicle Policy Committee will consider promotion measures for the production of electric vehicle (EV) batteries in Thailand, says Excise Department director-general Lavaron Sangsnit.

Tribune News Service

GM starts preparing CAMI facility to be Canada's first EV plant

Construction to prep Canada's first full-scale electric vehicle manufacturing plant is now underway at General Motors Co.'s CAMI plant in Ingersoll, Ontario.

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