That sounds like good news for automakers and bad news for staff.
Category: eV
GM raises 2022 profit guidance, now sees EV business profitable by 2025
GM stock is on the move this afternoon as the company raised its full-year profit guidance, and gave investors an update on its EV transformation from the automaker’s investor day in New York City.
Toyota shows second EV prototype, touting itself as a leader in electrification with beyond zero EV sales
At the LA Auto Show, Toyota revealed its bZ Compact SUV Concept, the second fully electric vehicle from the bZ...
Segway Ninebot Introduces The New UIFI Electric Scooter In China
This compact sit-down e-scooter packs loads of tech at an affordable price tag.
Everything we know about the 2023 Hyundai Ioniq 6 EV
Hyundai released fresh details at the LA Auto Show about the 2023 Ioniq 6, the all-electric vehicle that the Korean company debuted in June.
GM CEO Barra says electric vehicles to be profitable by 2025
General Motors expects its portfolio of electric vehicles to turn a profit in North America by 2025 as it boosts battery and assembly plant capacity to build over 1 million EVs per year. CEO Mary Barra used the pledge to kick off the company’s investor day event Thursday in New York. The profit figure includes vehicle sales revenue, benefits from emissions tax credits, and revenue from software and parts sales, she said.
Nissan sweetens Ariya and Leaf EV ownership with these perks
Nissan announced new ownership perks for the Ariya and Leaf that could be a selling point for these EVs when the strong supply-pinched market starts to cool off. Called Nissan EV Carefree+, the package includes maintenance and charging perks for buyers and lessees of 2023 Nissan Ariya and Leaf vehicles, along with roadside assistance, Nissan said... Genesis mulls electric drop-top with X Convertible Concept
There are few electric convertibles of any brand or price range, but Genesis hinted that it may join this small group with a new concept car unveiled this week in Malibu California. The Genesis X Convertible Concept shares its platform and powertrain with 2021's Genesis X Concept electric luxury coupe and the Genesis X Speedium Coupe Concept... Toyota bZ Compact SUV Concept might signal more US EVs
Toyota on Wednesday night revealed a concept SUV teasing one potential direction Toyota might soon take in a production electric vehicle. The bZ Compact SUV Concept is a “nod to the near future,” Toyota announced on the eve of the Los Angeles auto show. Toyota claims to have used an approach with the concept that aims “to express... Flywheel energy will help charge rental EVs in New York
Zooz Power will use its flywheel technology to charge electric rental cars at New York City's LaGuardia airport, the Israel-based company formerly known as Chakratec announced earlier this month. Zooz recently announced a memorandum of understanding with an unnamed car rental company to pilot flywheel energy charging at LaGuardia beginning in the... 