Electric Cars News

Hyundai To Launch $5.5 Billion U.S. EV Plant, As New Law Dims Sales Outlook
Hyundai will break ground on a $5.54 billion electric vehicle and battery plant in the United States, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in its top market.

Toyota To Produce Electric Car Powered By BYD Batteries In China
Oct 27, 2022 01:52 PM
Toyota announced the launch of a small electric sedan, which will be powered by BYD batteries.

Toyota Scrambles For EV Reboot With Eye On Tesla
Oct 27, 2022 01:48 PM
Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects.

Flying Car By California Startup Alef Attracts Early Tesla Investor
Oct 27, 2022 01:48 PM
Inventors have been trying to add wings to wheeled motor vehicles for decades, with only limited success.

Chinese Battery Giant CATL Profit Jumps As It Ramps Up Output
Oct 27, 2022 01:48 PM
CATL's third-quarter profit nearly tripled year-on-year, buoyed by rapid expansion in production to power the growth of EVs worldwide.

Spain Frontloads Subsidies For Electric Car Projects As VW Appears In Doubt
Oct 27, 2022 01:46 PM
The Spanish government sought to work with Volkswagen after the German automaker reportedly threatened to pull out.

Tesla Seeks To Ease Demand Concerns Over Likely 2022 Delivery Target Miss
Oct 27, 2022 01:45 PM
Chief Executive Elon Musk told analysts on a conference call there was excellent demand in the fourth quarter, addressing investors' concerns that buyers could be discouraged by the weak global economy and high prices for Tesla vehicles.

China's CATL Slows Battery Investment Plan For U.S., Mexico - Report
Oct 27, 2022 01:45 PM
The world's largest battery maker, which supplies one of every three electric vehicles, has been considering opening new plants in the United States and Mexico since earlier this year

Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030
Oct 27, 2022 01:45 PM
Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production

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