Electric Cars
Reuters
Nov 28, 2021, 9:13 PM
Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co at $86.05 billion, Ford Motor Co at $77.37 billion, and Lucid Group at $65.96 billion.
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Reuters | Nov 28, 2021Startup Italvolt Signs Deal With Engie's Equans In Italy Battery Facility PlanItalvolt has pledged to invest 3.4 billion euros ($3.9 billion) to build a battery production facility in Scarmagno, near Turin, to meet growing demand for lithium-ion batteries from Europe's automotive industry.1 min read
Reuters | Nov 28, 2021Hertz In Talks With Tesla For EV Delivery TimelineTesla boss Elon Musk took to Twitter on Monday to say that his company had not signed a contract with Hertz, spurring a brief halt in Tesla's stock rally.1 min read
Reuters | Nov 28, 2021NXP Forecasts Sales Growth Driven By Connected VehiclesNXP Chief Executive Kurt Sievers said the company intended to focus on key areas where more chips are going into cars and where NXP believes it can hold a market position at least twice that of any competitor.1 min read
Reuters | Nov 28, 2021GM To Launch 10 EVs In South Korea By 2025, No Local Manufacturing Plans YetGM's South Korea unit builds about 600,000 vehicles a year, shipping many to the United States including the popular Chevrolet Trailblazer SUV, and employs about 12,000 people.1 min read
Reuters | Nov 28, 2021Canoo Advances Manufacturing Dates For Electric VehiclesThe company now plans to expand to include Arkansas and other locations in Oklahoma, for research and development, software development, customer support and finance centers.1 min read
Reuters | Nov 27, 2021Apple Global Battery Development Chief Moves To VolkswagenThis is the second time in recent months that an Apple executive has left for an automaker. Apple lost its head of car project, Doug Field, to Ford Motor in September.1 min read
Reuters | Nov 27, 2021Xiaomi To Open Car Plant In Beijing With Annual Output Of 300,000 Vehicles: ReportThe plant will be constructed in two phases and Xiaomi will also built its auto unit's headquarters, sales and research offices in the Beijing Economic and Technological Development Zone1 min read
Reuters | Nov 27, 2021Tesla Details $1 Billion Costs For New Texas Factory, Targets Year-End CompletionThe company said it plans to complete construction of its general assembly, paint, casting, stamping and body shop facilities by Dec. 31.1 min read
