The Tesla Megafactory at Lathrop, California is playing a growing role in the company’s overall operations. This was highlighted in a recent drone flyover of the facility, which showed more than 330 Megapack batteries in the Megafactory’s holding lots. Tesla Energy is starting to take a larger role in the company’s overall operations. As noted by Tesla in its Q1 […]
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In its quarterly earnings call this week, Ford reported significant losses on EVs—but still promised lower-priced models. As reported by CNN, Ford said its EV unit lost $1.3 billion in the first quarter, or $132,000 for each of the roughly 10,000…
Earlier this month, Tesla watchers observed that Giga Texas’ holding lots were being filled with Model Y units that were painted in Quicksilver, a color that was initially exclusive to Giga Berlin’s advanced paint shop. These Quicksilver Model Y units now seem to be available for purchase through Tesla’s Inventory page. A look at Tesla’s Inventory page for the Model Y shows that several vehicles in Quicksilver are currently available for […]
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Hyundai Motor Co. has decided to invest more in its upcoming Georgia plant to produce hybrids amidst the slowing demand for electric vehicles (EVs). Hyundai’s Georgia Metaplant was supposed to be a dedicated factory for EV production. However, Hyundai and a few more legacy automakers have mentioned a slowing demand for electric vehicles and have […]
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An electrified successor to the Mazda 6 mid-size sedan goes on sale in China later this year, but prospects for the U.S. are unclear. Unveiled at the 2024 Beijing auto show, the Mazda EZ-6 combines the Japanese automaker’s signature design flair with p…
The Tesla Cybertruck is going down under. The company recently released the Tesla Cybertruck’s tour dates for Australia and New Zealand between April and May 2024. Below are the following Cybertruck tour dates in Australia and New Zealand. Tesla Sydney: 26 April – 5 May 2024 Tesla Chatswood: 6 – 12 May 2024 Tesla Parramatta: […]
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Toyota announced on Thursday that it plans to build a new three-row battery-electric SUV in Princeton, Indiana, with a corresponding $1.4 billion investment in the plant. The company emphasizes that this announcement comes in addition to the recent $1….
Honda is investing US$11 billion in an electric vehicle (EV) supply chain in Canada, showing more commitment to fully electrified cars than any other Japanese automaker. “The biggest announcement in the history of Honda! Their investment in Canada will be a game-changer,” commented François-Philippe Champagne, Canada’s Minister of Innovations, Science, and Industry. The Japanese automaker […]
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LG Energy Solution (LGES) posted a provisional sales decline of 29.9% year-over-year, amounting to 6.3 trillion won (US$4.46 billion). It also reported an operating profit of 157.3 billion won (US$114 million), down 75.2% compared to the previous year. According to South Korean financial anaylsts, LGES posted an operating loss in the first quarter of 2024 when […]
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CATL announced its plan to build the world’s largest superfast charging network with 10,000 superfast charging stations across 100 cities in 2024 and 2025. The plan will cater to the needs of tens of millions of vehicle owners, thus ushering in t…
