Hyundai opened the first EV battery cell plant in Indonesia with LG Energy Solution as it builds out its global supply chain. The plant will supply cells for over 150,000 competitively-priced Hyundai and Kia EVs, starting with the new Kona Electric. In March 2021, Hyundai teamed up with LG to build a new EV battery […]
Tesla’s stock (TSLA) is surging right now, and a significant contributor to that surge could arguably be its energy business. Tesla has been in the energy business for almost a decade at this point. It launched its Powerwall and Powerpacks in 2015. Shortly after, it merged with SolarCity going into the solar business. There have […]
We have learned new details of XPeng’s new lineup of MONA EVs, beginning with the flagship M03 model. This new AI-centric BEV is promised to deliver its class’s strongest smart driving capabilities and will launch at a starting price below RMB 200,000 ($27,500). XPeng first shared plans for a new sub-brand focused on artificial intelligence […]
Ford’s EV sales climbed 61% in the second quarter, carrying the automaker’s growth. With nearly 24,000 electric vehicles sold in Q2, Ford topped GM again to remain second in the US EV market as it looks to close the gap with Tesla. Ford’s EV sales carry growth in Q2 2024 Ford sold 23,957 electric vehicles […]
Tesla has started pushing a big new software update with a few more music options, parental controls, and more. Tesla regularly pushes out over-the-air software updates to its customer fleet. Most of these updates don’t include significant release notes with the updates being in the backend, but every few months, Tesla releases bigger updates with […]
After slashing prices on its electric cars in Thailand, BYD is facing backlash from buyers. With up to nearly $10,000 in savings, BYD’s latest EV price cuts have sparked an investigation in Thailand. BYD was Thailand’s best-selling EV brand last year. With nearly 20,000 models sold, the Atto 3 was the country’s top-selling model. The […]
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A Tesla Cybertruck flipped upside down in a crash in Vicksburg, Mississippi – one of the first Cybertruck wrecks. There are starting to be more Cybertrucks on the road, and therefore, it’s normal to start seeing some crashes these days. Tesla’s recent recalls of the Cybertruck confirmed that there are over 11,000 on US roads […]
Crude oil futures gained more than 1% Wednesday as a large drop in U.S. stockpiles signaled an uptick in demand ahead of the Fourth of July. U.S. crude oil inventories fell by 12.2 million barrels last week, according to the Energy Information Administration. Gasoline stockpiles declined by 2.2 million barrels. “Both gasoline and distillates also […]
Late last year, Candela began production on the Candela C-8 Polestar Edition electric hydrofoil boat. Now, with the announcement of the unique vessel’s first delivery, we’re getting our closest look ever at the premium electric speedboat powered by Polestar’s electric vehicle batteries. The Candela C-8’s powertrain, which propels the boat along while hydrofoils lift it […]
