Category: Electric cars

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...