EV, battery plants flock to the South without consumer incentives

EV, battery plants flock to the South without consumer incentives

South Carolina, which has received $10 billion in EV investment from Volkswagen, BMW, Mercedes-Benz and others, and Kentucky, which has received $10 billion in EV investments from Ford, SK On and AESC, fell below the level required to be included in the ranking. South Carolina earned 14 of the 100 points available. Kentucky earned 5.5….

Stellantis EV battery plant construction resumes after financial deal with government

Stellantis EV battery plant construction resumes after financial deal with government

Wednesday’s deal essentially “mirrors” the benefits Stellantis and LG would have received under the IRA if their battery plant had been set up in the US, said Ontario Economic Development Minister Vic Fedeli. “We’ve heard that Stellantis expects, if they were in the United States, over the course of time, they would receive $15 billion…

How Volvo’s electric EX30 crossover will approach price parity

How Volvo’s electric EX30 crossover will approach price parity

The China-made EX30 arrives in the US next summer and starts at $36,145, including shipping. It rides on the Sustainable Experience Architecture platform, which underpins vehicles from other Geely group brands. Volvo expects the EX30 to help lift the brand’s operating profit margin to 8 to 10 percent by mid-decade from about 6 percent currently….

China’s Gotion is readying an EV battery breakthrough

China’s Gotion is readying an EV battery breakthrough

The innovation highlights how battery technology and raw material needs are still evolving and unpredictable as the world’s automakers seek to slash costs while boosting EV performance. It also shows how Chinese companies continue to pioneer those advances. Gotion, listed in Shenzhen and with Volkswagen Group as its largest shareholder, expects its LMFP battery to…

Why used-car dealers are cautious despite strong demand

Why used-car dealers are cautious despite strong demand

When wholesale used-vehicle prices fell during the second half of 2022, many dealers chose to hold off on stocking inventory because they didn’t want to risk it declining on their books, said Chris Frey, senior manager of economic and industry insights for Cox Automotive. However, once the spring selling season drew near, dealers began slimming…

The Kia EV9 large electric crossover will be made in Georgia

The Kia EV9 large electric crossover will be made in Georgia

Kia’s three-row EV9 crossover promises to bring a similar mix of utility and style to the North American electric vehicle market, the automaker said. The EV9, presented Wednesday at the New York auto show, is the flagship model for Kia’s global transition to EV technology, according to the brand, and follows the 2022 North American…