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The Latest Breaking News from electric vehicle

New Saudi Investment in the Electric Car Sector

Saudi Arabia's Abdul Latif Jameel Group has signed an agreement with India's Greaves Electric Mobility, the electric vehicle arm of the engineering firm Greaves Cotton, to invest SAR 825 million ($220 million) in the company. The Saudi company will initially pour SAR 560 million ($150 million) for purchasing 35.8% stake…

Asharq Al-Awsat

EA to unveil trucks in H2

SET-listed Energy Absolute (EA), a renewable energy and electric vehicle (EV) developer and operator, is preparing to launch battery-run trucks in the second half of this year as it shifts its EV business into top gear.

Bangkok Post

No, Tesla Is Not Freezing Hiring: Company Still Taking On Hourly Workers And Focusing On These 3 Areas

News of electric vehicle giant Tesla Inc (NASDAQ: TSLA) cutting jobs has been widely covered by the media this week. Here’s a look at updates from the company including how the hiring freeze reports could be inaccurate.

Benzinga

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GM Slashes Prices for Its Electric Vehicles (To Compete With Tesla)

You can thank robust competition for the fact that environmentally friendly cars are easier than ever to afford.

Reason

Elon Musk Wants To Slash 10% Tesla Jobs, Freeze Hiring Worldwide Due To 'Super Bad Feeling:' Report

After sternly asking employees to come back to the office and ditch remote work, Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk has reportedly warned of job cuts at the electric vehicle company.

Benzinga

US: Ford EV Sales Surged In May 2022 - Mach-E, E-Transit And F-150 Lightning

Ford's all-electric vehicle sales shine in the US, with 6,254 units in May (new record and an increase of 222% year-over-year).

InsideEVs

This Solar Electric Vehicle Company That Beat Tesla In A Drag Race Has Over 22,000 Reservations

A solar vehicle startup continues to see strong anticipation for its vehicle. Here’s a look at how the company’s reservations are shaping up.

Benzinga

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Having Trouble Deciding Between Tesla, Nio, Lucid And Rivian? Buy This EV Charging Stock Instead

It's not clear which companies will come out on top in the race for market share in the electric vehicle space, but one investor sees a way to win without having to choose correctly.

Benzinga

Tesla Police Vehicle Involved In 30-Minute High Speed Chase: Here Are The Details (Video)

Police departments across the country have started adding electric vehicles to their squads in a move to save costs. With some questioning how an electric vehicle could perform in a high-speed chase, a police department may have an answer for doubters.

Benzinga

Kerala Chief Minister Pinarayi Vijayan flags off country’s second registered hydrogen-fuel car

MVD acquires Toyota Mirai fuel cell electric vehicle

The Hindu

Ford to create 6,200 United States jobs in switch towards electric vehicles

Ford wants to be able to make 2 million electric vehicles a year globally by 2026

The Independent UK

Tesla Battery Supplier Panasonic Looks To Boost Production In North America To Meet Growing Demand

Japan’s Panasonic Holdings Corp (OTC: PCRFY) said on Wednesday it is looking to boost production capacity in North America to meet the growing demand for electric vehicles.

Benzinga

UK: BYD ADL Celebrates Delivery Of 1,000th Electric Bus

Alexander Dennis Limited (ADL) and BYD announced that their electric vehicle partnership reached a milestone of 1,000 electric buses delivered to customers.

InsideEVs

Lanarkshire businesses join new £80m electric vehicle charging point contract

The country aims to achieve net zero emissions by 2045.

Daily Record

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Benzinga

Ford Spends $2000 More Per Car Than Tesla On This — CEO Farley Isn't Happy

Ford Motor Co (NYSE: F) CEO Jim Farley said on Wednesday the legacy automaker has a far higher relative price for distribution than electric vehicle maker Tesla Inc (NASDAQ:

Benzinga

Ford CEO Says Chinese EV Makers 'Incredibly Undervalued,' Expects A 'Shakeout' Soon

Ford Motor Co (NYSE: F) CEO Jim Farley said on Wednesday that Chinese electric vehicle firms are “incredibly undervalued” and that he expects them to become more important in the future.

Tribune News Service

Chevy slashes Bolt EV, EUV prices to under $30K

General Motors Co. is slashing prices on its Chevrolet Bolt EV and EUV for model year 2023 to spur more electric vehicle adoption.

Bangkok Post

EV sales set to rise by up to 20% this year

Growth in the Thai automotive market is expected to maintain its momentum throughout the year, with electric vehicle (EV) sales projected to expand by 15-20%, according to the latest estimate from the organiser of the Thailand International Motor Expo.

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StockNews.com

Toyota vs. Honda: Which Stock is a Better Buy?

The growing demand for electric vehicles and increasing car prices should help automakers profit substantially in the near term. Therefore, we think prominent Japanese automakers Toyota Motor Corporation (TM) and Honda Motor Co., Ltd. (HMC) are worth watching. But which of these two companies’ stocks are the better buy now?…

The Independent UK

Ford CEO sees electric vehicle price war as EV costs decline

Ford’s chief executive says the global auto industry is headed for a huge price war in the coming years as electric vehicle costs drop and companies sell EVs priced around $25,000

Benzinga

If You Invested $1,000 In General Motors When Mary Barra Became CEO, Here's How Much You'd Have Now

Automotive giant General Motors Company (NYSE: GM) has transitioned from its bankruptcy in 2009 and is now powering ahead with a transition to electric vehicles. Leading the transition is CEO Mary Barra. Here’s a look at how the stock has performed since Barra took over.

Asharq Al-Awsat

Morocco’s Managem to Supply Renault with Cobalt for EV Batteries

Moroccan mining company Managem SA said on Wednesday it signed a deal to supply French carmaker Renault Group with low carbon cobalt sulphate, a key component for electric vehicle (EV) batteries. Under this seven-year supply deal, Managem will supply Renault with 5,000 tons of cobalt sulfate annually starting from 2025.…

Benzinga

Elon Musk To Tesla Employees Who Want To Stay Remote: 'Pretend To Work Somewhere Else'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Wednesday said employees who believe working from the office is old-fashioned could "pretend to work somewhere else" after the electric vehicle maker said remote working is no longer acceptable.

Benzinga

Elon Musk Confirms This 9,000-Ton Machine Will Build Tesla's Cybertruck

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Tuesday confirmed the electric vehicle maker’s hotly anticipated light-duty Cybertruck will be built by a new 9,000-ton Giga Press built by die casting company Idra Group.

Benzinga

Volkswagen Chief Sees EV War Intensifying With Tesla

Volkswagen AG (OTC:VWAGY) chief saw Tesla, Inc (NASDAQ:TSLA) needs to ramp up highly complex factories and acquire qualified workers to win the electric vehicle race despite its twice the industry pace in multiple processes, Reuters reports. Tesla, which posed a challenge to German EV production with its new plant near Berlin, was privileged by…

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