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Hydrogen-Electric Vehicles Are Outperforming EVs In Range And Refuel Speed
Thursday, June 15, 2023 - 9:44am | 885The automotive industry is undergoing a transformation, driven by the urgent need for sustainable and eco-friendly transportation solutions. While electric vehicles (EVs) dominate the news, with the latest offerings from Tesla Inc., Hyundai Motor Co. Ltd. and Rivian Automotive Inc., there is an...
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This Swedish EV Startup Is The 'Anti-Tesla'
Wednesday, June 14, 2023 - 3:16pm | 551Tesla Inc. is well-known as the world’s No. 1 electric vehicle company. Led by Elon Musk, it has a reputation for producing fast, luxurious, tech-advanced vehicles. But it's not the only game in town. Top competitors include companies like Volkswagen, General Motors Co. and BYD Co. Ltd. There...
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Deere & Co.'s Futuristic Tractors Are Going All-Electric While Integrating AI And Space Technology
Tuesday, May 30, 2023 - 9:29am | 620Deere & Co. (NYSE:DE) is more than just the producer of the iconic green tractor seen on farms around the world. It's a global leader in agricultural technology that is improving precision agriculture by harnessing the power of space technology. Deere is leveraging satellite imagery,...
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Rivian R1T Owner's $42,000 Repair Bill — The Shocking Cost Of A Minor Fender Bender On A $73,000 Electric Truck
Tuesday, May 30, 2023 - 8:39am | 789Rivian R1T owner Chris Apfelstadt experienced an unexpected financial shock after a seemingly minor rear-end collision in February. Although the damage appeared limited to the rear bumper, the repair costs escalated to $42,000 when he took his vehicle to a certified Rivian Automotive Inc. repair...
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Warren Buffett Says Electric Vehicle Market Too Tough to Tackle, No Clear Winners In Sight And Too Much Competition
Friday, May 26, 2023 - 8:41am | 993Berkshire Hathaway CEO Warren Buffett emphasized the prevailing uncertainty in the electric vehicle (EV) market during the company's annual meeting. Buffett stated there would be no clear winner in the sector, as the industry is highly unpredictable and subject to constant change. Don’t Miss...
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Driving Into The Future: Startups Pave The Way For In-Road EV Charging, Eliminating Range Anxiety
Wednesday, May 24, 2023 - 1:54pm | 692In a groundbreaking development for the electric vehicle (EV) industry, innovative startup ENRX, which specializes in inductive charging, won a $13.3 million bid to construct in-road charging infrastructure. If successful and widely adopted, the technology would revolutionize EVs by enabling...
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Startup Develops Technology To Fully Charge EVs In Just 10 Minutes
Tuesday, May 23, 2023 - 2:00pm | 841San Francisco-based startup Ample Inc. is revolutionizing the electric vehicle (EV) charging experience with its battery-swapping stations. Imagine pulling up to one of Ample’s dozen stations, stepping out of your EV and watching as robotic arms carefully extract your depleted battery and...
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Tesla, Worksport And Ford Are Putting EV Words Into Action
Tuesday, May 23, 2023 - 11:18am | 534On Monday, Ford Motor (NYSE: F) unveiled its ambitious strategy to ramp up its EV progress and catch up to the EV leader itself, Tesla Inc (NASDAQ: TSLA). Today, Worksport Ltd. (NASDAQ: WKSP)(NASDAQ: WKSPW), who will be equipping several upcoming electric pickups with its revolutionary solar-...
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Electric Vehicles Might Not Be The Cheaper Alternative Consumers Thought: 2022 Study Reveals Surprising Results
Thursday, May 18, 2023 - 11:06am | 847For many drivers, cost savings is the No. 1 reason to ditch their gas-powered vehicle in exchange for an electric model. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Even though electric vehicles (EVs) are...
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Electric Vehicles Are Draining Billions From Profitable ICE Legacy Automakers With Ford Projecting $3 Billion in Losses
Thursday, May 18, 2023 - 10:27am | 944There's nothing cheap about developing, manufacturing, delivering and investing in the future of electric vehicles (EVs). Ford Motor Co. is finding this out the hard way — just the same as many other automakers — with the company's EV unit projected to lose about $3 billion in 2023. Don’t...
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Tesla Reverses Course While Traditional Automakers Continue Accelerating Their EV Efforts
Wednesday, May 17, 2023 - 9:07am | 730Another week, another milestone on the EV journey. Tesla Inc (NASDAQ: TSLA) took an interesting turn by including advertising in its strategy. A disruptive automotive parts player, Worksport Ltd (NASDAQ: WKSP) made another important step towards launching its promising solar-powered equipment....
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Yixin's Growth Fizzles, Even As Strong EV Buying Provides Some Lift
Wednesday, May 17, 2023 - 8:12am | 1271Key Takeaways: Total auto financing facilitated by Yixin in the first quarter increased 8%, as China’s passenger vehicle sales fell about 1% during the period Despite a weak overall China car market, Yixin benefitted from relatively strong demand for electric vehicles driven by a government...
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Rivian And Worksport Continue Pursuing Their Ambitious Goals While Nikola Retracts
Wednesday, May 10, 2023 - 9:50am | 918Amazon.com Inc (NASDAQ: AMZN)-backed EV startup Rivian Automotive Inc (NASDAQ: RIVN) posted a better-than-expected loss, showing that it is in a slightly more favorable position compared to its EV startup peers such as Nikola Corporation (NASDAQ: NKLA). However, an automotive parts player who...
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Leapmotor Steps On Cash-Burn Accelerator As Sales Flag
Friday, May 5, 2023 - 11:32am | 1206Key Takeaways: Leapmotor delivered 10,509 vehicles in the first quarter, down 51.3% year-on-year, as growth in China’s NEV market slowed sharply The company’s gross margin improved notably during the quarter on rising prices for its vehicles By Doug Young The latest quarterly...
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EV Transformation Kicks Into High Gear
Friday, May 5, 2023 - 10:13am | 942Volkswagen AG (OTC: VWAGY) reported a drop in first-quarter profit owed to weaker sales in China and supply shortages, reaffirming the need for the Europe’s largest carmaker to speed up its EV transition if it wants to catch up to its rivals. Meanwhile, a renown tonneau cover manufacturer...