“To date, Amazon’s Rivian vans have delivered more than 150 million packages across the country,” Amazon said in a blog post Thursday. More than 800 cities now have the electric vans delivering packages, the retailer added. Amazon first deployed the EDV van about a year ago. For the US, the van comes in three cargo…
Tesla rolled out a new incentive globally allowing buyers to earn extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales. The cash rebates are applicable in markets including the US, ChinaCanada, the UK, France and Germany, according to Tesla’s regional websites on Friday. The incentive, which Tesla…
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….
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…
WIXOM, Mich. — Cirba Solutions, a new battery recycler formed from companies with decades of industry experience, plans to expand its electric vehicle battery recycling business sevenfold in the next few years. The key to Cirba Solutions’ future are its regional facilities. “The name of the game is to make sure we’ve got locations where…
Ford Motor Co. on Tuesday said the previously announced $1.3 billion transformation of its Oakville Assembly Plant for electric vehicle manufacturing will begin in the second quarter of next year and take about six months to complete. During that time some of the 3,000 workers at the Ontario, Canada, the site will be furloughed, although…
GMC and Chevrolet are updating the engines on their full-size pickup trucks for the 2024 model year. GMC on Wednesday said it would make General Motors’ second-generation 3.0-liter inline-six Duramax Turbo-Diesel engine standard on the 2024 Sierra 1500’s AT4X off-road trim starting this summer, after it was offered on some 2023 trims. The engine is…
Stellantis is joining the electric pickup race later than its rivals, but executives say this has given the automaker time to gauge them and work to surpass them in key areas such as range, towing, payload and charge time. The 800-kilometre range for the REV’s 229-kWh battery pack and its targeted 6,350 kilograms of towing…
The Renault Group is inviting investment banks to pitch for a role on the planned initial public offering of its Ampere electric-vehicle business, according to people familiar with the matter. The French carmaker has been sending out requests for proposals to potential IPO underwriters in recent days, the people say, asking not to be identified…
Q: Are we about to enter a period where incentives become necessary? If so, what kinds of incentives? Zero interest loans? Longer loan terms? Cash-back incentives? Wadeson: As it stands, buyers are contending with a whole host of factors: Higher gasoline prices, rising maintenance and insurance costs, and increasing vehicle prices and financing costs, all…