May 2023 - Green Car Stocks

WednesdayMay 31, 2023 11:50 am

New Volkswagen Battery Could Double Current EV Range

A battery company seeks to become the world's first manufacturer of batteries for electric cars with a maximum range of up to 1,000 kilometers, approximately twice today's standard. Gotion High Tech, a Volkswagen supplier with headquarters in China, revealed the new Astroinno L600 LMFP battery during the company's yearly technology summit and stated that it will begin major production in 2024. The LMFP battery, according to the manufacturer, has 4,000 charging and discharging cycles, which makes it ideal for use in regular electric automobiles. It has already completed all required safety testing. With a single charge, this battery can travel…

TuesdayMay 30, 2023 1:38 pm

Tesla Starts Selling China-Made EVs in Canada

Tesla is now selling its Model 3 and Y EVs in Canada; these are models produced in China. According to a confirmation post on its website, the first electric vehicle shipments from Tesla’s Shanghai manufacturing plant to North America have been completed. The website displayed Model Y vehicles with rear-wheel drive as well as the long-range, all-wheel-drive Model 3, available to be delivered in British Columbia immediately. The production codes indicated that the vehicles came from Tesla's Gigafactory in Shanghai. The two models are eligible for federal subsidies of C$5,000 within Canada, which isn’t the case in the Unites States.…

TuesdayMay 30, 2023 10:30 am

Mullen Automotive Inc. (NASDAQ: MULN) Strengthens Position in Growing EV Market

The market for EVs has grown rapidly in recent years and is expected to continue growing at a fast pace over the coming decade MULN’s two manufacturing facilities are gearing up for increased production volume The company is meeting noteworthy milestones with each of its EV brands As the EV market steadily rises in the coming years, Mullen Automotive (NASDAQ: MULN) is positioning itself to be a strong player in the space. The Southern California–based automotive company recently released a corporate update outlining the impressive growth it has seen in the past few months (https://ibn.fm/nhIqM). “The market for electric vehicles…

FridayMay 26, 2023 10:21 am

Internal Document Reveals Toyota’s Preference for Hybrids, Not EVs

Toyota appears to be approaching electric vehicles in a fairly contentious manner, and a leaked document outlining the brand's electrification plan issued to its dealers explains why. The document was provided from Toyota Corporate to its dealership network, outlining reason why dealers should anticipate seeing more hybrids and fewer battery electric vehicles or plug-in hybrid vehicles on their lots. The document, which was obtained by Jalopnik, states that Toyota is committed to providing a broad range of electric-powered vehicle choices in order to give each of its clients the chance to lessen their carbon impact. In the document, Toyota is…

ThursdayMay 25, 2023 3:43 pm

EV Battery Swapping Gains Traction

A startup in California hopes to transform EV charging through leveraging battery swapping technology, aiming to provide a smooth recharging process that is comparable to that of topping up a gasoline tank. Ample, a company based in California that offers battery switching, has commercialized a new, highly efficient swapping station which reduces the time needed for a swap to around five minutes. This is roughly the amount of time needed to fill a gasoline tank and is much less compared to the half hour or more taken to fully charge most electric vehicles at standard quick-charging stations. The prefab points…

WednesdayMay 24, 2023 3:11 pm

China Surpasses Japan as Leading Car Exporter

China took the largest car exporter position in the world after it surpassed Japan during the first quarter of 2023. This increase is due to its rising electric vehicle sales and the opportunity to keep doing business with Russia. According to official numbers that were released a week ago, China shipped more than 1 million automobiles in the first three months of this year, showing an increase of 58%, which is in contrast to what was shipped during the same period of last year. Japan shipped 950,000 automobiles in 2022. Even though Japan lost the number one position to China,…

TuesdayMay 23, 2023 3:44 pm

Buyers Start Reaping the Benefits of Electric Light Delivery Vans

The auto industry is dominated by electric passenger vehicles. However, light delivery vans could profit more from electric vehicles in terms of operating costs and range advantages. Currently, light commercial trucks make up a very small portion of all electric motor vehicles marketed; however, electric vehicles are quite suited to working fleets of vans in a number of ways. Delivery vans and trucks do not require huge, pricey batteries because they frequently travel fixed distances or well-planned routes every day. The majority of them are able to cover a 100-mile distance prior to another charge. One reason why electric vehicles…

MondayMay 22, 2023 11:57 am

California Considers Bill Mandating V2G Technology for EVs

In California, a measure has been presented that would mandate that all electric vehicles have the capacity to charge in both directions beginning with the model year 2027. The California Senate bill, SB 233, which was introduced by Nancy Skinner, senator of the Oakland area near Tesla's Fremont plant, has been endorsed by a range of organizations. The bill does not expressly provide for the definition of bidirectionally capable vehicles, but it calls for a working party to be set up by the California Energy Commission and report on the capabilities of different types of vehicles. This might include the…

FridayMay 19, 2023 11:03 am

Tesla to Demolish, Upgrade Fremont Production Line

Tesla Inc. (NASDAQ: TSLA) is reportedly deconstructing and modernizing its assembly line in Fremont, California, possibly to launch the large-scale manufacturing of one of their newly designed car models. The timing of Tesla's application to tear down “numerous pieces of machinery, tools, and services” at the factory in Fremont coincides with the recent leaks of Project Highland Model 3 pictures, which was spotted on the test track at Fremont, with major interior design alterations. Even though the Model 3 is not Tesla's top-selling model anymore, it continues to play a significant role in driving sales and is the superior choice…

ThursdayMay 18, 2023 3:12 pm

Solid-State Batteries Could Revolutionize EVs

Despite the fact that there are many different kinds of electric cars becoming more and more popular all over the world, their range and the batteries’ potential for powering different kinds of vehicles are both constrained. Batteries are the key to the future of electric cars. The whole world would potentially accept electric vehicles if battery technology could outperform gasoline in terms of range, how they perform and effectiveness. Li-ion batteries are the current mode of power for all electric vehicles. However, these batteries have great limitations. Therefore manufacturers are focusing on solid-state batteries as a more viable option. It…

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Month: May 2023