The Latest Breaking News from electric vehicle

Ford Ending Lease Buyouts For All Its Electric Vehicles In The US

Ford Credit has implemented the change in 37 states on June 15, with the remaining 13 states and D.C. to follow before the fourth quarter of 2022.

InsideEVs · Jun 24, 2022

Stellantis Makes €50M Equity Investment In Lithium Company Vulcan Energy Resources

Stellantis NV (NYSE:STLA) has made a €50 million (A$76 million) equity investment in Vulcan Energy Resources Ltd (OTC:VULNF) and has extended its original binding offtake agreement to ten years. Vulcan is a lithium producer and intends to produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lithium resource in Germany. The investment…

Benzinga · Jun 24, 2022

Rivian opponents challenge $700M in local tax breaks for EV maker

Opponents of the planned $5 billion Rivian electric vehicle factory asked a judge this week to overturn a Morgan County, Georgia, board's approval of a rental agreement with the company, alleging the deal violates the state constitution.

Tribune News Service · Jun 24, 2022

Methode Electronics Clocks 4% Revenue Decline In Q4 Due To Lower Sales Volumes In Auto Segment

Methode Electronics, Inc (NYSE:MEI) reported a fourth-quarter FY22 net sales decline of 4.1% year-on-year to $288.7 million, missing the consensus of $289.5 million. The decrease was due to lower sales volumes in the Automotive segment due to supply chain constraints and the conflict in Ukraine. EPS of $0.43 missed the consensus of $0.56.…

Benzinga · Jun 23, 2022

Tesla Supplier CATL Becomes First Non-Korean Firm To Ship EV Batteries To Kia

Tesla Inc (NASDAQ: TSLA) China supplier CATL has shipped electric vehicle batteries to South Korea’s Kia Corp, a subsidiary of Hyundai Motor Company, Reuters

Benzinga · Jun 23, 2022

FTI says country needs to step up EV development

Thailand must speed up its electric vehicle (EV) development to stay ahead of Indonesia if it still wants to become a regional EV production hub, says the Federation of Thai Industries (FTI).

Bangkok Post · Jun 22, 2022

Ford Selects Valencia Plant To Produce EVs

Ford announced today the selection of its plant in Valencia, Spain as the preferred site to assemble EVs based on a next-generation electric vehicle architecture.

InsideEVs · Jun 22, 2022

NaaS Partners With State Grid Changzhi Electric Power Supply For EV Charging Stations

NaaS Technology Inc (NASDAQ:NAAS) has signed a partnership agreement with State Grid Changzhi Electric Power Supply Company to build new electric vehicle (EV) charging stations. The move is aimed at enhancing the local charging services in Changzhi, Shanxi Province. Under the agreement, State Grid Changzhi Electric Power Supply Company will provide construction sites…

Benzinga · Jun 22, 2022

Electric vehicle batteries have applications beyond the cars that carry them, advocates say

Electric vehicles are increasingly being viewed as sources of power, not just users of it, and Adelaide Hills winemaker James Tilbrook says one of today's options might have helped when he confronted an inferno.

ABC News · Jun 22, 2022

Elon Musk Addresses Whether Twitter Deal Would Get Tesla In Trouble In China

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Tuesday he believes there will not be any issues related to running his electric vehicle business in China in case the $44 billion Twitter Inc (NYSE:

Benzinga · Jun 21, 2022