Category Archives: EV

How to Beat Tesla? GM CEO: Cheaper EVs

published: 2022-05-07 9:30 | editor | category: News
Tesla presents both an opportunity and a challenge for traditional auto manufacturers that are undergoing an EV transformation. Various manufacturers have been attempting to enlarge their competitive advantages in EVs from different angles, and for the hundred-year-old car maker General Motors (GM), the target is to produce EVs that are more affordable. ...  more

Saudi Arabia Signs a Mega Contract of 100,000 EVs with Lucid

published: 2022-05-05 9:30 | editor | category: News
Lucid Motor, a new electric vehicle startup, has signed an agreement with the Kingdom of Saudi Arabia for the purchase of up to 100,000 electric cars. Saudi Arabia is one of richest countries in the world. This deal represents the biggest procurement of EVs in history. ...  more

Apple Car Rumored to be Made by Foxconn at No Less Than US$100K with iPhone as the Car Key

published: 2022-05-05 9:30 | editor | category: News
Apple may name its Apple Car project as Project Titan. According to a renowned leaker, the research team at the company plans to utilize a significant volume of titanium alloy in its design, and commission Foxconn, a long-term OEM of iPhones, to assemble and manufacture the vehicle, with the iPhone itself being used as the car key. Apple Car is expected to be priced at no less than US$100K, and will be announced in 2025 for the high-end EV market. ...  more

Rivian Receives US$1.5B Grant for New Plant

published: 2022-05-04 9:30 | editor | category: News
Electric vehicle start-up Rivian has won a US$1.5 billion grant from the Georgia state government to build a new factory with an annual capacity of 400,000 vehicles and an estimated 7,500 new jobs in what appears to be a win-win. ...  more

Rivian Receives US$1.5B Grant for New Plant

published: 2022-05-04 9:30 | editor | category: News
Electric vehicle start-up Rivian has won a US$1.5 billion grant from the Georgia state government to build a new factory with an annual capacity of 400,000 vehicles and an estimated 7,500 new jobs in what appears to be a win-win. ...  more

To Make up for Capacity Shortage from Shanghai Factory, Tesla Pushes California Factory above Capacity Limit in 2Q22

published: 2022-05-03 9:30 | editor | category: News
In order to compensate for the capacity shortage caused by Shanghai's lockdowns, and to ensure that its 2nd quarter financial report would not look too bad, Tesla has recently given an all-out effort to expand the capacity at its California factory. As pointed out by an analyst from Global Equity Research in its latest memorandum, this automaker is preparing an astonishingly huge production in the second quarter. The capacity of Gigafactory in Northern California recently exceeded its limit by 20%. ...  more