LG Chem to Build EV Battery Material Plant in Morocco
LG Chem Ltd confirmed that it plans to partner with China's Huayou Group's subsidiary Youshan to build an electric vehicle (EV) battery material plant in Morocco. Known for manufacturing nickel-cobalt-manganese (NCM) cathodes, LG Chem is looking to diversify its portfolio.
Unlike the NCM cathodes, the...
Nikola Recalls EV Trucks Following Fire Probe
Nikola Corp announces its decision to recall all of the battery-powered trucks that it has delivered to date while halting all sales after an investigation into recent fires was performed. The investigation found the coolant leak inside the battery pack to be the source...
Hyundai to Introduce More EVs to Indian Market
Hyundai Motor Group announced on Tuesday its intention to introduce more electric vehicles under the Hyundai and Kia brands in India. Already the second-largest carmaker in India by sales volume, the South Korean company is looking to further strengthen its position in what is...
Lucid Slashes Price of Air Sedan to Remain Competitive in EV Market
Electric Vehicle maker Lucid slashed the price for its Air luxury sedan by up to $12,400 as part of a special offer to boost its competitiveness as the U.S. EV industry heats up in a price war initiated by Tesla.
Lucid cut the price of the...
Ford Beats Q2 Profit Estimates Amid EV Unit Slump
Ford stock rose on Friday morning after the Detroit-based automaker released stronger-than-expected earnings results for the second quarter. The company raised its full-year profit outlook as a result.
Top-line revenue for Q2 was $45 billion, outpacing an expected $40.17 billion and improving 12% from the $37.91...
Tesla Unveils First Electric Pickup
Electric vehicle maker Tesla revealed on Saturday that its first production Cybertruck electric pickup truck has finally come off the assembly line, two years after it was scheduled for release.
Unveiled in 2019, company CEO Elon Musk stated that production on the truck was expected...