Electric Mobility
Reuters
Aug 29, 2022, 9:53 PM
EV startups that promised to disrupt the auto industry by using a technology-heavy approach to their vehicle designs are now scrambling to secure fresh lines of cash and cut costs due to rising commodity prices.
1 Min
Reuters | Aug 29, 2022Arrival To Delay Spending On Bus Project After Posting Wider LossBritish electric vehicle start-up Arrival SA reported a wider quarterly loss on Thursday and said it would delay spending on its bus project as it looks to secure more capital, sending its U.S-listed shares down 13%.1 min read
Reuters | Aug 29, 2022EU, South Korea Say U.S. Plan For EV Tax Breaks May Breach WTO RulesThe European Union and South Korea have raised concerns about proposed U.S. tax credits for purchases of electric vehicles, saying they may discriminate against foreign-made vehicles and breach World Trade Organization (WTO) rules.3 mins read
Reuters | Aug 29, 2022China's CATL To Build $7.6 Billion Hungary Battery Plant To Supply Mercedes, BMWChina's CATL said it would build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, Europe's largest so far, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.2 mins read
Reuters | Aug 29, 2022Automakers Scramble To Decode New U.S. EV Tax CreditsU.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles (EVs).1 min read
Reuters | Aug 29, 2022EV Startup Fisker Explores Higher Production In 2023, U.S. ManufacturingFisker Inc said it was exploring options to manufacture in the United States in 2024 and was considering ramping up production of its first vehicle, the Ocean SUV, in the second half of 2023.1 min read
Reuters | Aug 29, 2022Chasing Green Goals, Corporations Push Car Fleet Managers Toward EVsLarge corporations are jumping on the "green" bandwagon left and right, which in turn is pushing firms that lease and manage car fleets to convert to electric vehicles (EVs) faster than they had ever thought possible.4 mins read
Reuters | Aug 29, 2022Miners Face Supply Chain Overhaul To Meet U.S. EV Credit DeadlineMiners will struggle to expand operations in the United States in record time to meet a deadline for sourcing key minerals domestically or from select countries as set out by a bill likely to be passed.4 mins read
Reuters | Aug 29, 2022Nikola Names Michael Lohscheller As Next CEONikola Corp said that Lohscheller will take over as the CEO when Mark Russell retires on January 1 next year.1 min read
