NewsRoom Articles - Page 60 of 126

TuesdayNov 08, 2022 1:26 pm

Xpeng’s EV Deliveries Drop to Half of Nio, Shares Slide

According to statements released by a trio of Chinese electric vehicle startups, the October deliveries made by Xpeng dropped to about one-half of those made by its local rivals Nio Inc. and Li Auto. This poor sales performance caused the shares of Xpeng to drop versus those of its rivals. While Xpeng reported that it had delivered 5,101 EVs in October, Nio says it dispatched 10,059 electric vehicles to its customers while Li Auto delivered a total of 1,052 cars during the month of October. This marks the third consecutive month that Xpeng’s deliveries have declined. The market for electric…

MondayNov 07, 2022 10:40 am

Saudi Arabia Partners with Foxconn to Build Electric Cars

PIF, the sovereign wealth fund in Saudi Arabia, has announced that it will start manufacturing electric vehicles (EVs) within the kingdom through a partnership with Foxconn, a company that makes iPhones for Apple Inc. This foray into the EV space is geared at diversifying the kingdom’s economy away from overdependence on oil. In a statement, the wealth fund indicated that Ceer would be the first EV brand produced in Saudi Arabia by the Saudi government-owned fund. The statement added that the brand would design, produce and market several models of electric vehicles to consumers primarily in Saudi Arabia as well…

FridayNov 04, 2022 11:39 am

The “Frunk” Proves Divisive in Nascent EV Industry

The race for who dominates the electric vehicle industry has barely started as engineers at different EV manufacturing facilities battle to boost EV range as well as the speed at which the batteries can be charged, among other issues of electric vehicles. However, the front trunk or “frunk,” is proving to be a divisive factor, with some complaining about the features while others are reporting it could popularize electric vehicles in ways no manufacturer had imagined possible. For starters, there seems to be no agreement regarding the necessity of a frunk on an electric vehicle other than using as extra…

ThursdayNov 03, 2022 1:48 pm

Roaring Chevy Bolt Sales Underscore Americans’ Need for Affordable EVs

General Motors has an exciting new lineup of electric vehicles, including the GMC Hummer EV, Cadillac Lyriq and Silvarado EV (a pickup truck). However, the company’s star of the moment seems to be the Chevrolet Bolt, an electric vehicle that was first introduced in 2016 and has had a bit of a turbulent history. The Chevy Bolt, as it is popularly called, almost had the rug pulled from under it after a series of issues. In 2021, the company suspended the production of the Bolt because it had a defect that could trigger spontaneous battery fires. The company went as…

WednesdayNov 02, 2022 1:17 pm

Rolls Royce Launches First-Ever Electric Vehicle

By introducing Spectre, Rolls Royce has just embarked on the journey of having all of its vehicles run on electricity by the year 2030. The Spectre is the first Rolls Royce vehicle to run entirely on electricity. This, the company says, demonstrates how far technology has come to produce the newest models, such as the Spectre. The CEO stated that the company prides itself on producing Spectre, its best product ever. However, the new EV model did cost Rolls Royce a significant investment, which is the rationale behind the new EV’s high price. Rolls Royce CEO Torsten Müller-Otvös claims that…

TuesdayNov 01, 2022 11:43 am

Will EVs Trigger Death of Gas Stations?

Gas stations have been a staple of our roads for more than a century, but the emergence of electric vehicles is suddenly challenging the very survival of these familiar features of American roads and highways. As more people buy EVs, different businesses, such as gas stations, convenience stores and even standalone charging stations, have developed to meet the demand to avail charging facilities to motorists on the go. A close look at the infrastructure bill passed by the Biden administration reveals an ambitious plan to boost EV charging infrastructure by building at least half a million charging stations along major…

TuesdayNov 01, 2022 11:15 am

Mullen Automotive Inc. (NASDAQ: MULN) ‘Strikingly Different’ Test Drive Tour Shines Spotlight on Mullen FIVE

Mullen’s U.S. test drive tour added additional dates, locations based on overwhelming response Tour provides hands-on opportunity to see the Mullen FIVE Second leg of tour, which will feature the Mullen FIVE RS, already in the planning stage Mullen Automotive (NASDAQ: MULN) is ending the year with a bang with its Mullen FIVE “Strikingly Different” U.S. Test Drive Tour (https://ibn.fm/eDWyL). The tour, which features the company’s innovative Mullen FIVE, kicked off in October. With additional locations added based on demand, the tour now has eight stops scheduled throughout November and December. “When we announced the [first] location, we received an…

MondayOct 31, 2022 11:39 am

What You Need to Know About Hydrogen vs. Electric Vehicles

Hydrogen and electric vehicles are totally different in terms of benefits and drawbacks, traits, and methods used to produce them. In any case, when the time comes for customers to replace their current gas-powered vehicles, they will have the choice of selecting a hydrogen or an electric vehicle. Both vehicles have several advantages that pertain to their innovations, together with the accessibility and assistance that are attached to the vehicle, as well as the drawbacks. Risk Evaluation Vs. Performance of Both Vehicles Electric vehicles are relatively cheap and show great efficiency since the cost of electricity when attempting to charge…

FridayOct 28, 2022 10:03 am

SEMA Show 2022 to Feature Expanded Electrified Section

The SEMA Show is a trade-only event where EV exhibitors gather to showcase their vehicles. This year is no different, and the organizers of this year’s event are looking to expand the hall in the EV section to be able to accommodate more EVs and their related technologies. The 2022 SEMA show is scheduled to take place at the Las Vegas Convention Center from Nov. 1–4, 2022. The event’s electrified hall section will be in the North Hall of the venue. Given that the EV market is expanding quickly and that changes in this sector are un-avoidable, it is simply…

ThursdayOct 27, 2022 11:05 am

Tesla Slashes Prices of China-Made EVs as Competition Heats Up

Following a looming recession in China, Tesla Inc. (NASDAQ: TSLA), through its CEO, has announced price cuts on its models so that the company can meet its target of delivering a predetermined number of electric vehicles in China. China’s economy was hit hard by COVID-19, which stoked economic worries in recent months. This price reduction was taken after Tesla produced the Model 3 and Model Y, two of its most potent cars, at its Shanghai Giga plant, boosting manufacturing capacity there by 30%. These models have to contend with other new models being introduced by its rivals on the Chinese…

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