Electric Mobility
Reuters
Oct 29, 2022, 10:18 AM
The declaration is not a finalised agreement and other locations, including the United Kingdom, remain under consideration for its Western European gigafactory, the company added in a statement, explaining that it plans to make a decision on the location before the end of the year.
1 Min
Reuters | Oct 29, 2022BMW Invests $1.7 Billion To Build Electric Vehicles In U.SBMW said it was making a new $1 billion investment in its Spartanburg, South Carolina plant to prepare for EV production and will spend $700 million on a new high-voltage battery assembly facility in nearby Woodruff, South Carolina, and create at least 300 jobs.2 mins read
Reuters | Oct 29, 2022Hyundai Breaks Ground On $5.5 Billion U.S. EV, Battery PlantHyundai broke ground on a $5.54 billion electric vehicle (EV) 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.2 mins read
Reuters | Oct 29, 2022ABB Reports Record Margin In Q3 As Demand Stays StrongThe maker of industrial drives and electric ship motors said on Thursday its core operating profit margin increased by 1.5 percentage points to 16.6%, the highest since the Swiss company was founded in 1988.2 mins read
Reuters | Oct 29, 2022Musk's Advice To Younger Self: 'Stop And Smell The Roses'At the company's 'AI Day' event Elon Musk was asked what would he tell his younger self.1 min read
Reuters | Oct 29, 2022India's Euler Motors Raises $60 Million In GIC Singapore-Led Funding RoundEuler Motors did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.1 min read
Reuters | Oct 29, 2022As EV Sales Grow, Battle Over U.S. Road Weight Limits Heats UpEven before a recent spike in EV sales, U.S. roads have been carrying heavier loads, as cars and trucks climbed from an average of 3,200 pounds (1,451 kilos) to 4,200 pounds over the last four decades, according to the Environmental Protection Agency.4 mins read
Seshan Vijayraghvan | Oct 28, 2022Nissan Considers Taking 15% Stake In Renault’s Planned EV Unit: ReportNissan Motor Co. and Renault SA are currently in talks about the future of their alliance. These negotiations include Nissan’s potential investment in the latter’s planned electric vehicle business.1 min read
Reuters | Oct 28, 2022Tesla Recalls 24,000 U.S. Vehicles Over Seat Belt IssueThe Austin-based electric vehicle company said the second-row left seat belt buckle and second-row center seat belt anchor may have been incorrectly reassembled during vehicle service.0 mins read
