Tag: Electric Vehicle

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...

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,...

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 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 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...

Silicon Valley-based startup Nuro announced on Friday that it will lay off approximately 20% of its staff. In an email to employees, the company's co-founders admitted that their rapid hiring process earlier in the year was a mistake. Nuro stated that its accelerated growth over...