NewsRoom Articles - Page 75 of 126

MondayApr 18, 2022 11:39 am

Chinese EV Maker NIO Increases Prices, Announces Production Halt

Like many companies across the world that rely on the global supply chain, Chinese electric vehicle maker Nio has revealed that it has been hit hard by the supply chain disruption caused by the coronavirus pandemic. Over the weekend, Nio announced that it would be raising the prices of the three electric SUVs it has on the market and halt production in the meantime. Nio’s shares fell by almost 9% following the announcement. Beginning May 10, Nio will increase the prices of its EC6, ES6 and ES7 by $1,572 (10,000 yuan). However, the recently unveiled ET5 and ET7 sedans will…

ThursdayApr 14, 2022 3:52 pm

Expert Shares How to Maximize Value from EV Batteries

If you are considering purchasing an electric vehicle in the near future, it is important that you learn how to take care of your vehicle’s battery. Unlike conventional cars that are powered by internal combustion engines, zero-emission electric cars run on rechargeable lithium-ion batteries. Nickel-manganese cobalt batteries are also gaining popularity. Taking care of your EV’s battery will be integral to maximizing your range and increasing the vehicle’s lifetime. According to Qichao Hu, an MIT and Harvard alumn who founded battery-research firm SES, most electric vehicles use lithium-ion batteries. He has been studying batteries since President Barack Obama was in…

WednesdayApr 13, 2022 2:47 pm

Musk Says the Cybertruck Will Hit the Market Next Year

Elon Musk didn’t just turn heads when he first unveiled the Tesla Cybertruck back in November 2019, he shocked the entire world. Featuring a futuristic angular design and a stainless steel body, the electric pickup looked like something out of a science fiction movie. However, the Cybertruck’s reveal was marred by something quite comical. In an effort to show the electric pickup truck's toughness, a Tesla Inc. (NASDAQ: TSLA) designer lobbed a metal ball at a window, which promptly broke. Speaking at the opening of Tesla’s new factory near Austin, Texas, Musk joked that they would “smash the window again”…

TuesdayApr 12, 2022 2:04 pm

Biden Government Hosts Musk and Barra During EV Sector Meeting

Months after he assumed office, President Joe Biden revealed plans to significantly electrify America’s transportation sector. His infrastructure bill will invest billions of dollars into building a network of public electric vehicle chargers and subsidizing EV purchases. In line with the president’s green-energy and electrification goals, senior officials from the Biden administration recently met up with major figures in the automotive sector to discuss electric cars and charging. According to the administration, the Wednesday meeting involved automotive leaders such as Elon Musk, Tesla’s chief executive, and General Motors chief executive Mary Barra. Aside from the Tesla and GM executives, Lucid…

MondayApr 11, 2022 2:42 pm

Hertz Inks Agreement to Buy 65,000 EVs from Polestar

Swedish electric vehicle maker Polestar has signed a deal that would see it deliver tens of thousands of vehicles over the next couple of years to car rental company Hertz. First starting out as a racing team that helped Volvo during the 1996 Swedish Touring Car Championship, Polestar pulled away from Volvo in 2017 and became a company that built and sold luxury electric vehicles. This isn’t the first time the American rental company has had dealings with electric vehicle companies; in October 2021, Hertz ordered 100,000 EVs from Tesla. The move heralded Hertz's foray into the electric vehicle segment…

FridayApr 08, 2022 3:04 pm

Lucid Motors Ramps Up Marketing to Increase Awareness of Its EVs

More than a decade after the Tesla Roadster launched and proved that electric vehicles were commercially viable, the nascent electric vehicle industry is slowly filling up with competition. Gone are the days where the only player in the EV game was Tesla; legacy auto makers and several EV startups have now thrown their hats into the ring in a bid to snag a portion of the lucrative electric vehicle market. Lucid Motors (NASDAQ: LCID), an electric vehicle manufacturer initially founded in 2007 that unveiled its first EV in 2016, has launched widespread marketing efforts. Lucid’s first offering — the Lucid…

ThursdayApr 07, 2022 2:52 pm

Will Tesla Succumb to Legacy Automakers’ Onslaught into EV Space?

For more than a decade, California-based EV company Tesla has been the dominant player in the nascent electric vehicle market. After launching the original Tesla Roadster back in 2008, Tesla was the first company to begin mass producing electric vehicles, and by 2021, it had eclipsed most major car makers in value. However, Tesla’s monopoly on the electric vehicle industry will soon be threatened as legacy automakers invest more into developing and selling EVs. As governments across the world set increasingly strict emission standards and deadlines to ban the sale of new combustion engine vehicles, legacy automakers will adopt electrification…

WednesdayApr 06, 2022 2:52 pm

Sulfur Battery Tech Could Triple EV Range by 2024

Unlike conventional internal combustion engine vehicles that run on fossil fuels such as diesel, electric cars draw their power from rechargeable lithium-ion battery packs. A typical EV has hundreds of battery cells that can store electricity and dispense it to the vehicle’s motor to propel it. While this battery setup eliminates the need for fossil fuels and produces zero carbon emissions at the tailpipe, it limits the amount of energy an EV can carry. Compared to fossil fuels, EV batteries carry far less energy and would theoretically need to be “filled up” more often. However, since the average range for…

TuesdayApr 05, 2022 2:58 pm

Study Says US Switch to EVs Could Save at Least 100K Lives by Mid-Century

The road to electrification will be long and fraught with plenty of challenges, chief of them being the high cost of EVs and poor EV charging infrastructure. At the moment, zero-emission electric cars make up less than 1% of all the vehicles on American roads. Over the next few decades, government investment in charging infrastructure coupled with reducing production costs could significantly increase EV adoption. The move to electric vehicles is part of global efforts to reduce carbon emissions and combat runaway climate change. According to a recently released report, transitioning to EVs that rely on green energy will also…

MondayApr 04, 2022 11:46 am

Vietnamese Automaker Gears Up to Build EVs in North Carolina

Tesla may have officially kicked off the electrification race and is now the largest producer of EVs in the world, but the California-based EV maker will have to contend with increasing competition soon. Specifically, carmakers from Southeast Asian countries such as China and Vietnam are poised to give Tesla and local automakers a run for their money in the coming years. For example, Vinfast, a Vietnamese EV electric vehicle manufacturer that delivered its first batch of EVs late last year has announced that it will begin constructing an EV production plant this year. According to a statement from Vinfast CEO…

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