electric vehicle

Business, Technology, Equipment, Safety, Fuel

COVID-19 Jolts Workhorse Production; Year-Over-Year Losses Widen

Workhorse van More than 36% of Workhorse's production staff is currently out with COVID-19. The electric vehicle maker's net loss grew to $84.1 million in Q3 from $11.5 million in the same quarter a year earlier. (Workhorse Group)

A COVID-19 outbreak has upended production at electric truck startup Workhorse Group as nearly 40% of the company’s factory workforce have become infected or exposed to the virus.

Jerry Hirsch | Contributing Writer
November 9, 2020
Business, Technology, Fuel, Autonomous

General Motors Plans 3,000 Hires for EV Development

A charging plug is connected to a GM Chevrolet Volt electric vehicle. Dania Maxwell/Bloomberg News

General Motors Co. is going on a hiring binge to accelerate its development of electric vehicles.

David Welch | Bloomberg News
November 9, 2020
Government, Business, Technology, Fuel

VW CEO Diess Says Existential Electric Race Awaits After Pandemic

VW CEO Herbert Diess said that when it comes to electric cars, "if you're not fast enough, you're not going to survive." VW CEO Herbert Diess said that when it comes to electric cars, "if you're not fast enough, you're not going to survive." (Krisztian Bocsi/Bloomberg News)

Volkswagen AG CEO Herbert Diess vowed to pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term.

November 5, 2020
Business, Technology, Fuel

Volvo Plans to Sell First Heavy-Duty Electric Trucks in December

Volvo Trucks North America announced Nov. 5 that it will begin sales of the VNR Electric model on Dec. 3. Volvo Trucks North America announced Nov. 5 that it will begin sales of the VNR Electric model on Dec. 3. (Patrick Daly/Volvo Trucks North America)

Volvo Trucks North America announced it will begin selling its Volvo VNR Electric model Dec. 3 as production at its New River Valley manufacturing plant in Dublin, Va., is slated for early 2021.

November 5, 2020
Government, Business, Technology, Fuel

Election Outcome Could Stir Up Electric Vehicle Industry

Tesla vehicles charge at a station in San Mateo, Calif., on Sept. 22. Tesla vehicles charge at a station in San Mateo, Calif., on Sept. 22. (David Paul Morris/Bloomberg News)

Both of the major-party presidential candidates have said they support electric vehicles, but a Joe Biden win could bring changes to significantly speed up the adoption of cars and trucks built by the likes of Tesla Inc. and Nikola Corp.

Esha Dey | Bloomberg News
November 2, 2020
Business, Technology, Fuel

Top Electric-Car Battery Maker Wins Approval for Company Split

LG Chem won investor approval on Oct. 30 to spin off its electric-car battery division. SeongJoon Cho/Bloomberg News

South Korea’s LG Chem Ltd. won shareholder approval to hive off its superstar battery business, with investors betting the division has a better chance to thrive as a stand-alone entity.

October 30, 2020
Government, Business, Technology, Fuel, Logistics

EV Mania Turns Battery Makers Into Power Brokers

The SK Battery America facility is seen under construction in Commerce, Ga., on Oct. 22. The SK Battery America facility is seen under construction in Commerce, Ga., on Oct. 22. (Elijah Nouvelage/Bloomberg News)

Automakers are investing billions of dollars to bring new electric vehicles to consumers in the U.S. and other global markets, but their success hinges on securing the most critical and expensive component: the battery.

October 23, 2020
Business, Technology, Equipment

Continental Is Said to Explore Sale of Turbocharger Business

A Continental logo sits on display. (Andrey Rudakov/Bloomberg News)

Continental AG is exploring a sale of its turbocharger unit as the German auto-parts maker conducts a major restructuring to stem losses, according to people familiar with the matter.

October 22, 2020
Business, Technology, Fuel

GM to Plan Third EV Plant in Big Plug-In Bet

An employee works on a Chevrolet Sonic vehicle at the GM plant in Orion Township, Mich., in June 2017. An employee works on a Chevrolet Sonic vehicle at the GM plant in Orion Township, Mich., in June 2017. (Jeff Kowalsky/Bloomberg News)

General Motors Co. is investing more than $2 billion in six U.S. plants, including a makeover of a former Saturn plant in Tennessee into its third factory to produce electric models.

David Welch | Bloomberg News
October 20, 2020
Business, Technology, Fuel, Autonomous

Tesla to Start Exporting China-Made Model 3 Cars to Europe

Tesla will begin shipping China-made Model 3s to Europe, the company said. A woman walks past a Tesla car being charged in Beijing, China, in January 2019. (Ng Han Guan/Associated Press)

Tesla Inc. will start exporting Model 3 cars made at its gigafactory on the outskirts of Shanghai to Europe later this month, the automaker said in a statement sent via WeChat.

October 19, 2020

Pages