Companies in the transport sector, and automakers in particular, are among the most-visible pioneers of the inevitable shift to cleaner fuel. Electric cars are becoming a household concept, regardless of their prohibitive cost. That’s where large fleet operators come in.
June 13, 2022Business, Fuel, Logistics
Electrifying Delivery Fleets Is One Solution to World’s Car Obesity Problem
Government, Business, Technology, Fuel, TCA
FHWA Releases Uniform Guidelines for EV Charging Stations
The Federal Highway Administration on June 9 released the blueprint for states to follow to develop the 500,000 charging stations that are key to the Biden administration’s goal of switching Americans from gasoline- to electric-powered vehicles.
June 9, 2022Business, Fuel
Rivian Manufacturing Chief to Depart in Management Shuffle
Rivian Automotive Inc. is shuffling its executive ranks in an effort to help the Amazon.com Inc.-backed company overcome growing pains.
May 27, 2022Business, Fuel
Stellantis, Samsung Plan Indiana EV Battery Plant
KOKOMO, Ind. — A joint venture between Stellantis and Samsung plans to build an electric vehicle battery factory in Indiana that will employ up to 1,400 workers and become the company’s second such factory in North America.
May 24, 2022Business, Fuel
Lithium Miner Albemarle Lifts Outlook as EV Battery Demand Surges
Albemarle Corp., the world’s largest producer of lithium, raised its outlook for the second time this month as tight supply and growing electric vehicle demand forces battery makers to pay up for the metal.
May 24, 2022Government, Business, Technology, Equipment
Hyundai Announces $5.5 Billion EV Plant in Georgia
ELLABELL, Ga. — Hyundai Motor Group confirmed May 20 the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history.
May 20, 2022Business, Equipment, Fuel
Rivian Dispute With Seat Supplier Could Delay Production of Amazon Vans
Rivian Automotive Inc. fell almost 7% May 16 on word the electric vehicle startup is in a dispute with a key seat supplier that could jeopardize its delivery van contract with patron Amazon .com Inc.
May 16, 2022Business, Fuel
Rivian Says Production Increased, Keeps Sales Target at 25,000
Rivian Automotive Inc. said it accelerated production and stepped up sales in the first quarter, keeping the electric pickup maker on track to deliver 25,000 EVs this year.
May 11, 2022Business, Equipment, Fuel
Lordstown Motors Again Postpones Deadline for Foxconn Plant Deal
Electric truck startup Lordstown Motors Corp.’s shares sank as much as 19% after it pushed back a deadline to complete the sale of its Ohio assembly plant to Foxconn.
May 9, 2022Business, Technology, Fuel
Wall Street, Tech Investors Back Musk Twitter Bid With $7 Billion
Elon Musk has strengthened the equity stake of his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors, including Silicon Valley heavy hitters such as Oracle co-founder Larry Ellison.
May 5, 2022