NewsRoom Articles - Page 42 of 122

MondayJun 05, 2023 2:22 pm

Gigafactory in France to Dent Chinese Dominance of EV Battery Production

France is launching the first electric vehicle battery plant in an effort to reindustrialize the nation and catch up with producers from China in a flourishing industry. The gigafactory, located in the northern part of France, would be one of the first factories in Europe to produce electric vehicle batteries, an industry that has historically been controlled by China. Automotive Cells Company (ACC Group), a partnership composed of Mercedes-Benz, Total Energies and Stellantis, which has brands such as Peugeot, Chrysler and Fiat, owns the battery plant that will be opened at Billy-Berclau in the northern region of France. The French…

FridayJun 02, 2023 12:12 pm

Mercedes-Benz Sets Sights on Being Most Desirable EV Brand

Mercedes-Benz is seeking to dethrone Tesla as the leading luxury electric vehicle maker. The company is expanding its own charging infrastructure, speeding up the electrification of the fleet and equipping its cars with Level 3 self-driving technologies. The goal of Mercedes, according to Dimitris Psillakis, is very clear: to emerge as a highly coveted, luxurious electric auto brand. To do this, a balance must be struck between excellent products, fantastic design and helpful service. Psillakis, who is assisting in managing the strong drive toward electric vehicles, stated that the company does not view Tesla as a luxury rival but rather…

FridayJun 02, 2023 9:45 am

Mullen Automotive Inc. (NASDAQ: MULN) Inks Class 3 Truck PO, Purchase Agreement in Continued Upward Momentum

MULN received an order for one thousand class 3 trucks from its dealer partner, Randy Marion Automotive The company is excited about entering the next phase of its commercial launch with the Mullen THREE Mullen inked a $15 million vehicle purchase agreement with the MGT Lease Company for 250 class 3 cab chassis EV trucks On the heels of several purchase agreements and orders, Mullen Automotive (NASDAQ: MULN) is experiencing impressive momentum as it continues to focus on growing in the electric vehicle space. Most recently, the company received a 1,000-unit purchase order (https://ibn.fm/2tLyU) and announced a $15.7 million vehicle purchase…

ThursdayJun 01, 2023 12:31 pm

Six Factors to Consider Before Buying an EV

As a growing number of people become increasingly aware of their impact on the environment, the search for ways to support sustainably has led to energy-efficient vehicles, such as EVs, becoming popular as the years go by. Several factors are important to take into account in order to make a good choice if you are shopping for one of these environmentally friendly electric vehicles. The range: How far the vehicle can go on one charge is an essential factor in deciding to purchase a car powered by electricity. As far as range is concerned, electric vehicles are making steady progress,…

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,…

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