Honda on Thursday announced plans to push its EV supply chain into Canada, in a move that it said “represents recognition of the long-term attractiveness of the Canadian EV manufacturing ecosystem.” The investment is significant—$11 billion US, including investments by joint-venture partners—but it doesn’t yet... Honda commits to $11B EV hub in Canada, to start in 2028
Honda on Thursday announced plans to push its EV supply chain into Canada, in a move that it said “represents recognition of the long-term attractiveness of the Canadian EV manufacturing ecosystem.” The investment is significant—$11 billion US, including investments by joint-venture partners—but it doesn’t yet... 
In its quarterly earnings call this week, Ford reported significant losses on EVs—but still promised lower-priced models. As reported by CNN, Ford said its EV unit lost $1.3 billion in the first quarter, or $132,000 for each of the roughly 10,000 EVs sold by the automaker during that period. Sales were down 20% from a year earlier, but... 
An electrified successor to the Mazda 6 mid-size sedan goes on sale in China later this year, but prospects for the U.S. are unclear. Unveiled at the 2024 Beijing auto show, the Mazda EZ-6 combines the Japanese automaker's signature design flair with powertrain tech from Changan Automobile, Mazda's Chinese partner. Mazda hasn't confirmed sales... 
Toyota announced on Thursday that it plans to build a new three-row battery-electric SUV in Princeton, Indiana, with a corresponding $1.4 billion investment in the plant. The company emphasizes that this announcement comes in addition to the recent $1.3 billion investment in the automaker’s Kentucky plant, to build a separate three-row... 
GM last week announced details regarding its vehicle-to-home (V2H) system, set to launch with the Chevrolet Silverado EV RST, that will help EV owners back up their home without the help of a storage battery like a Tesla Powerwall or a backup generator. It’s ultimately part of GM’s big energy play that sees EVs becoming home power... 
EV sales are likely to continue growing in 2024, reaching around one in five new car sales globally, and 11% of the U.S. market, according to the International Energy Agency (IEA). Tight profit margins, volatile battery raw material prices, and the phaseout of incentives in certain countries have led to concerns about an EV sales slump, but data... 