NIO Passes 300,000 Sales, Zeekr Going Public (Seeking $1 Billion+)
We’ve got some notable news from two Chinese EV startups from this past week or so. NIO has hit a big sales milestone, and Zeekr is looking to go public in the USA and raise at least $1 billion. The…
EU Plans Subsidy War Chest As Industry Faces ‘Existential’ Threat From US
The EU is in emergency mode and is readying a big subsidy push to prevent European industry from being wiped out by American rivals, two senior EU officials told POLITICO. Europe is facing a double hammer blow from the U.S….
China’s CATL Slows Battery Investment Plan For U.S., Mexico
Chinese battery giant CATL (300750.SZ) has slowed its planning for investment in battery plants in North America on concern that new U.S. rules on sourcing battery materials will drive costs higher, two people with knowledge of the matter said. The…
The Really Big Battery Deal In The IRA That People Are Missing
When it comes to electric vehicles and the Inflation Reduction Act of 2022, almost all of the discussion has been around the consumer tax credit for buying an electric vehicle, including the interesting new battery aspects of that. That’s a…
Rubio Says No Tax Credits For Electric Vehicles With Chinese Parts
For at least the next six years, electric vehicles made with battery components manufactured or assembled in China would be eligible for a $7,500 tax credit under the Democrats’ $749 billion climate and tax bill. To prevent U.S. taxpayer dollars…
Mercedes-Benz Shares US Pricing For Upcoming EQB SUV Starting Under $55,000
Mercedes-Benz has shared detailed pricing and available trim levels for its upcoming EQB SUV ahead of its anticipated delivery to the US in summer of 2022. Beginning at a price of $54,500 for the base model, the EQB will arrive…
Snow Lake Lithium Calls For EV Ecosystem Across North America
Snow Lake Lithium Ltd, has outlined the need to create a comprehensive electric vehicle ecosystem across North America, to protect the future of its domestic automotive industry. With more than 10 million vehicles sold in the US last year, the…
GM Continues To Book Profit Amid Headwinds, Looks To Execute EV Strategy
General Motors Co. CEO Mary Barra says the company is in “execution mode” for its electric vehicles and again touted its plans while reporting a first-quarter profit Tuesday — the same day crosstown rival Ford Motor Co. celebrated the launch…
Electric Vehicles Take Center Stage At New York Auto Show
For the 122nd year, the oldest and biggest car show in the United States is back in full gear after the pandemic put the breaks on the annual expo. “It’s been since 2019 we shut down, so it’s been three…
Toyota Unveils First Electric Vehicle Since RAV4 EV In 2014
Toyota, the top-selling automaker in the U.S., is rolling out its first fully electric vehicle in eight years. The company on Tuesday unveiled the battery-powered bZ4X small SUV, which starts at $42,000 and can go up to 252 miles (406…
