Musk delivers first Tesla truck, but no update on output, pricing

Musk delivers first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric truck Semi uses existing Tesla motors, to feature new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated forecasts … Read more

Vietnam’s VinFast ships first electric vehicles to U.S. customers

Vietnam’s VinFast ships first electric vehicles to U.S. customers

HAI PHONG, Vietnam, Nov 25 (Reuters) – Vietnam’s electric vehicle maker VinFast said on Friday it had shipped its first batch of 999 cars to the United States, capping a five-year bid to develop an auto production hub in the Southeast Asian country for markets in North America and Europe. The first cars are expected … Read more

Tesla’s Full Self-Driving Beta now available to all in N. America, Musk says

Tesla’s Full Self-Driving Beta now available to all in N. America, Musk says

Nov 24 (Reuters) – Tesla Inc’s (TSLA.O) Full Self-Driving Beta software is now available to everyone in North America, Elon Musk said early on Thursday, as the automaker awaits regulatory approval for its cars to be driven without human oversight. “Tesla Full Self-Driving Beta is now available to anyone in North America who requests it … Read more

Exclusive: Tesla plans mass production start for Cybertruck at end of 2023

Exclusive: Tesla plans mass production start for Cybertruck at end of 2023

Nov 1 (Reuters) – Tesla (TSLA.O) aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk unveiled in 2019, two people with knowledge of the plans told Reuters. Tesla said last month that it was working on … Read more

Hyundai breaks ground on $5.5 bln U.S. EV, battery plant

Hyundai breaks ground on .5 bln U.S. EV, battery plant

ELLABELL, Ga., Oct 25 (Reuters) – Hyundai Motor Co (005380.KS) broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday, as South Korea’s biggest automaker grapples with an uncertain outlook for its EV sales in its top market. The investment is the largest in the state’s history … Read more

Archer Aviation plans to build 250 air taxis in 2025

Archer Aviation plans to build 250 air taxis in 2025

Oct 24 (Reuters) – Archer Aviation Inc (ACHR.N) said it aims to make about 250 battery-electric air taxis in 2025 and scale up production in the following years, after setting a goal of getting its aircraft certified by the end of 2024. “In our first year, we will build 250 aircraft, our second year will … Read more

Biden awards $2.8 billion to boost U.S. minerals output for EV batteries

Biden awards .8 billion to boost U.S. minerals output for EV batteries

WASHINGTON, Oct 19 (Reuters) – The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, part of a bid to wean the country off supplies from China. Albemarle Corp (ALB.N) is among the 20 manufacturing and processing … Read more

Chinese EV giant BYD flags huge jump in quarterly profit, shares surge

Chinese EV giant BYD flags huge jump in quarterly profit, shares surge

Oct 18 (Reuters) – BYD Co (002594.SZ), China’s biggest electric car maker, said third-quarter net profit likely more than quadrupled due to robust sales and a better product mix, sending its shares surging. It estimated that net profit for the July-September quarter came in between 5.5 billion yuan to 5.9 billion yuan ($765 million-$820 million), … Read more

Rivian shares skid after EV maker recalls nearly all vehicles

Rivian shares skid after EV maker recalls nearly all vehicles

Oct 10 (Reuters) – Shares of Rivian Automotive Inc (RIVN.O) fell about 9% on Monday after the electric-vehicle maker recalled nearly all its vehicles, exacerbating investor concerns that the company may not be able to meet its 2023 production target. The Amazon.com Inc-backed (AMZN.O) firm on Friday recalled about 13,000 vehicles due to a possible … Read more

Tesla’s China-made sales hit record following Shanghai factory upgrade

Tesla’s China-made sales hit record following Shanghai factory upgrade

Oct 9 (Reuters) – Tesla Inc (TSLA.O) delivered 83,135 China-made electric vehicles (EVs) in September, smashing its monthly record, according to a report released on Sunday by the China Passenger Car Association (CPCA). The number marks an 8% increase from August and set a record for Tesla‚Äôs Shanghai factory since production began in December 2019, … Read more