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Ford to Recommence F-150 Lightning Production Next Week

Ford Motor Co announced on Friday that it is set to resume the production of its F-150 Lightning vehicles on Monday. The company halted production after 18 electric trucks were recalled due to a battery cell manufacturing defect. The automaker stated it is set to...

Battery Start-Up Freyr Accelerates U.S. Expansion Plans

Norwegian battery start-up Freyr has announced its decision to accelerate its plans to invest in a U.S. plant in an effort to benefit from tax credits offered by the Inflation Reduction Act (IRA), CEO Tom Jensen confirmed. Currently, Freyr is building two large battery plants,...

EV Maker DeLorean Slashes its Reservation Slots to 4,000, Will Set Up an Exchange

In 2022, the iconic carmaker DeLorean unveiled plans to resurrect its production and reinvent itself as an electric car company. However, those plans are not going as planned. After the initial announcement, DeLorean planned to provide 9,351 reservation slots for interested buyers. But according to...

Sigma Lithium Shares Surge as Tesla Considers Buyout

Sigma Lithium Corp's U.S. shares soared by 21% during extended trading on Friday after it was reported that Tesla is looking to buy out the Canada-based battery metals miner. According to a Bloomberg report, Tesla is in the process of speaking with potential advisors about...

Tesla Plans Reduced Production Schedule for January

Tesla shares were down 5.85% at $116 in premarket trading on Tuesday after the company announced that it intends to run a reduced production schedule during January 2023. The company will run production from January 3 to January 19 before halting output for the...

Hyundai and SK On Agree to Build Battery Factory in U.S.

Hyundai Motor Co and fellow South Korean company SK On have agreed to invest approximately $2.5 trillion won ($1.88 billion) in the construction of a new joint venture battery factory in the United States. The two parties are expected to sign a memorandum of...