Industry

Tesla Shanghai Megafactory in China officially starts construction

Tesla launched construction on its new Megafactory in Shanghai, China, on May 23, 2024. The facility marks Tesla's first dedicated energy storage production site outside of the United States.

Evgenii Ushakov

May 24, 2024, 11:19 a.m.
The Average Car In America Is A 14-Year-Old Toyota Camry

The typical passenger car in the United States is now a 14-year-old Toyota Camry, as established by recent analysis from S&P Global Mobility. This reflects the oldest average age on record for American vehicles.

Evgenii Ushakov

May 23, 2024, 2:11 p.m.
US Government Releases 42 Million Gallons of Gasoline to Reduce Fuel Prices

The U.S. government is set to release 42 million gallons of gasoline from the Northeast Gasoline Supply Reserve. This decision aims at driving down high fuel prices, particularly as the summer season approaches. Located in South Portland, Maine and New York Harbor, the reserve was initially established post-Superstorm Sandy in 2014.

Evgenii Ushakov

May 23, 2024, 11:02 a.m.
Audi To Develop Bespoke Chinese EV Platform With SAIC

Audi has announced a partnership with SAIC Motor to create a new electric vehicle (EV) platform tailored for the Chinese market, named the "Advanced Digitized Platform." The first model from this partnership is set to launch next year.

Evgenii Ushakov

May 22, 2024, 1:02 p.m.
Nissan delays U.S.-built electric sedans in favor of electric SUVs

Nissan reportedly told suppliers to stop working on a pair of electric sedans scheduled to enter production in late 2026. Automaker said it needed to make changes “to enhance product competitiveness”.

Evgenii Ushakov

May 22, 2024, 11:42 a.m.
Tesla Celebrates 3,000,000th Electric Car Produced In Fremont, California

Tesla hit a major production milestone by assembling its three millionth electric vehicle at the Fremont factory on May 18, 2024. The event was highlighted by the rollout of a Tesla Model S in blue.

Evgenii Ushakov

May 21, 2024, 2:49 p.m.
VW and Renault end talks to develop affordable EV

Volkswagen has ended talks with Renault about the possibility of jointly developing a low-cost electric vehicle, Reuters reports. The abandoned dialogue focused on producing an affordable version of the Twingo car.

Evgenii Ushakov

May 20, 2024, 1:54 p.m.
Dodge CEO and Father of the Hellcat Is Retiring

Tim Kuniskis, the CEO of Ram and Dodge known for spawning the iconic Hellcat engine, is set to retire on June 1. The announcement came from Stellantis last Friday. Christine Feuell will take over as the new CEO of Ram while continuing her leadership at Chrysler. Matt McAlear will step up as the new CEO of Dodge.

Evgenii Ushakov

May 20, 2024, 10:24 a.m.
BYD Showroom in China Burns Down, Marking Tenth Fire Since 2021

On May 16, a severe fire destroyed a BYD showroom in Qingkou, Fujian Province, China. The incident left the building and seven vehicles completely destroyed. Fortunately, no casualties were reported. This marks the tenth such event at a BYD showroom since 2021.

Evgenii Ushakov

May 17, 2024, 11:40 a.m.
Peugeot extends its 8-year 160,000 km coverage to its entire electric passenger car line-up

Peugeot now offers its Allure Care program for all electric cars. It is said to be the first European manufacturer to offer such coverage.

Evgenii Ushakov

May 17, 2024, 8:55 a.m.
Mercedes has canceled next-generation EV platform as buyers cool on electric cars

Mercedes has dropped plans to develop a new MB.EA platform for future large EVs, according to a report. The architecture would have been used for electric E-Class and S-Class models, but the German automaker will instead update its existing EVA2 platform, currently used by EQE and EQS

Evgenii Ushakov

May 16, 2024, 3:22 p.m.
China's auto industry is so competitive that one of its brands is moving to Germany

The Chinese electric vehicle manufacturer Aiways is shifting its market focus from China to Europe due to severe competition and pricing challenges at home. The company has chosen Germany as its new European headquarters and plans to direct its sales efforts across the continent.

Evgenii Ushakov

May 15, 2024, 4:21 p.m.
Tesla to cut 601 more jobs in California amid a wave of layoffs

Tesla is moving forward with its plan to drastically reduce its workforce. On Monday, the company filed paperwork with the state of California indicating that 223 employees at its Palo Alto site and 378 at its Freemont factory would be permanently laid off.

Evgenii Ushakov

May 15, 2024, 12:19 p.m.
Biden Quadruples Chinese EV Tariffs to 100%

President Joe Biden has recently decided to significantly increase tariffs on various Chinese imports, including a drastic raise from 25% to 100% on electric vehicles (EVs). This decision affects multiple other sectors as well.

Evgenii Ushakov

May 15, 2024, 11:34 a.m.
New Subaru Forester to be Made in America

Subaru has announced that the new sixth-generation Forester will be produced in Lafayette, Indiana. This major shift will happen by the end of 2025, aligning with the company's plans to expand its U.S. manufacturing capabilities.

Evgenii Ushakov

May 14, 2024, 2:31 p.m.
BMW produced 6 million electric cars in Chinese factory

A special BMW i5 rolled off the assembly line at the Dadong plant in China: The fully electric model in Frozen Pure Gray is the six millionth car produced in the BMW Brilliance Automotive (BBA) joint venture.

Evgenii Ushakov

May 13, 2024, 3:28 p.m.
Ford Backs Down from Going All Electric in Europe in 2030

Ford Motor Company has rescinded its pledge to exclusively sell electric cars in Europe by 2030. This announcement was made by Martin Sander, Ford of Europe's General Manager, at the Financial Times Future of the Car summit in London earlier this week.

Evgenii Ushakov

May 10, 2024, 12:56 p.m.
Former GM executive explained why the company killed Saab, Pontiac, Hummer and Saturn in 2008

Bob Lutz, former Vice Chairman of Product Development at GM, explained in an interview with Motor1 how the automaker had to get rid of four of its divisions during the Great Recession of 2008 to 2009.

Evgenii Ushakov

May 9, 2024, 3:02 p.m.
Study Finds 16% of EV Owners Have Run Out of Charge

A recent study commissioned by Ideal Power reveals that 16% of electric vehicle (EV) owners have experienced their cars running out of charge before reaching a charging station. The study focused on the challenges and preferences for charging among EV owners, highlighting the broader issue of "range anxiety" and the availability of charging stations.

Evgenii Ushakov

May 8, 2024, 3:52 p.m.
Fisker Ocean Factory 'Assumes No Further Production' Will Take Place

Magna International, the manufacturer of the Fisker Ocean, announced during its Q1 earnings call that it no longer plans to continue production of the vehicle.

Evgenii Ushakov

May 7, 2024, 9:21 a.m.

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