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….
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…
You may be tempted to try DIY auto glass solutions to resolve cracks in your windshield or other damage to your auto glass. However, these at-home kits can fail to produce the desired results and can even cause additional damage to your vehicle’s windshield in many cases. A Low Chance of Success According to the…
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….
But France is catching up, partly thanks to its largesse in funding projects upfront. To win the ProLogium solid-state battery plant, which is expected to involve a total investment of 5.2 billion euros and create 3,000 jobs over time, France offered incentives worth more than 1 billion euros ($1.1 billion), one source with knowledge of…
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…
Hyundai and Kia are under pressure from lawsuits and regulators after a wave of car thefts last year. The wave was prompted by a TikTok video that showed how to hot-wire Hyundai and Kia vehicles that lack an anti-theft device. Here’s the fallout by the numbers: 9 million: Hyundai and Kia vehicles on the road…
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…
Tesla has entered a new era: one in which Elon Musk keeps a different set of car executives up at night, while others rest a little easier. In the decade since the Model S launched, Tesla has been taking customers largely from luxury players led by BMW and Mercedes-Benz. While Musk had ambitions to take…
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…