Following a recent supervisory board meeting, Volkswagen Group has announced a major shift in its electrification strategy to expedite EV production over the next five years. Additionally, the German automaker intends to revamp its software strategy in support of the effort. Software issues have had a huge effect on Volkswagen’s EV output up to this
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Tesla has hired a new general counsel, a position that has been historically superhard to fill for the automaker. Tesla is often described as having high turnover, which has been especially true for its top lawyers. Elon Musk surprised many when he hired his personal divorce lawyer, Todd Maron, to be Tesla’s general counsel (he
The once-promising strategic partnership between Ford and Rivian is “nearly complete” after a new SEC filing shows Ford trimmed its stake to just 10.5 million shares in 2022. Ford trims Rivian stake to a mere 1.15% ownership The partnership began in 2019 after Ford invested $500 million in Rivian, marking a key milestone in the
Redwood Materials just got a $2 billion conditional loan from the US Department of Energy to expand its factory near Reno, Nevada, where it will manufacture EV batteries from an increasing amount of recycled content. In a US first, Redwood will produce 100 GWh annually of ultra-thin battery-grade copper foil and cathode-active materials from both
During a presentation at the Chicago Auto Show earlier today, Hyundai Motor North America has introduced a new month-to-month EV subscription program called Evolve+, aimed at “EV curious” consumers. The all-encompassing monthly price includes the EV itself, plus insurance, roadside assistance, and maintenance. This turnkey option will begin with a couple of Hyundai brand EVs
Tesla Semi program manager, Guthrie Gintzler, explained his pitch to fleet managers and the importance of electric trucks to reduce emissions from the transportation sector. Gintzler joined Tesla in 2016 as an intern, but he quickly rose through the ranks and was made program manager of Tesla Semi last year. He has an interesting educational background,
Tesla is slightly raising the price of the base Model Y in China after an important price cut last month resulted in a significant increase in orders. Last month, we reported on Tesla slashing prices in China, which raised demand concerns for the automaker in the important EV market. The price drops on some Model 3
Ram officially announced the Ram 1500 REV, its first all-electric pickup truck, today, and the company claims that it is starting a revolution despite being late to electrification. We already knew that Ram 1500 REV would be the name of the brand’s first electric pickup thanks to a trademark filing last year, but now the
A new Tesla Cybertruck beta prototype has been spotted and this time we get a good look at the front-end, which appears to have been updated, and it still has a monstrous windshield wiper. As we reported last week, we expected to start seeing a lot more Cybertruck sightings as the automaker is testing its