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The 25% car tariffs have been met by the auto industry
Volvo CEO Hkan Samuelsson told Bloomberg that the Swedish automaker is thinking about boosting its US-based production, including bringing new models to the factory it operates in Ridgeville, South Carolina. Earlier, Volvo had said it would pass on the cost of tariffs along to its customers, adding that it was likely to pass the cost…
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China created an Artificial Intelligence model that astounded the world
China’s state-run automaker BYD built more electric vehicles in 2024 than Tesla did, a media report said. BYD built more electric vehicles than Tesla in 2024, it added. BYD also plans to increase the number of its electric vehicles sold across the world to 20 million by the year-end, the report further said.
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The electric vehicle manufacturer scrapped plans to make a less expensive vehicle
Tesla CEO Elon Musk has said the electric automaker will unveil its new self-driving cars on August 8. “We are focused on bringing the next-gen platform to market as quickly as we can, with the plan to start production at Gigafactory Texas,” he added. In 2019, Musk said Tesla would have “over a million Tesla…
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Ford is the first to start with a Charging Network
Tesla has announced that it’s launching a new adapter for electric vehicles (EVs) to allow them to charge at the automaker’s Supercharger network. The adapter will be available for first-come, first-served basis in the US. “We’ll try to maintain demand on a first-come, first-served basis, but we think that the demand will exceed the supply…
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The Canadian autoworkers struck a tentative contract agreement with GM
The Unifor union has reached a tentative three-year contract agreement with General Motors to end a strike by over 4,000 workers at the automaker’s plants in Ontario, Canada. Those who have been with the automaker for a year would get permanent jobs, while temporary workers would get pay raises. Unifor had started the strike against…
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In 2022, electric vehicle sales hit a tipping point
Tesla CEO Elon Musk has said that the automaker still doesn’t have a $25,000 vehicle, let alone a $35,000 car to fulfil the affordable EV segment. The Mustang Mach-E, which hit the market in 2021, was the first electric vehicle to take a notable chunk of Tesla’s still-dominant EV market share. Ford made every one…
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As production of the F-150 remains halted, the battery investigation could take a few weeks
Ford has said that it’s developing two different batteries chemistries for its electric vehicles (EVs) at the same time. The company is the first automaker to make a commitment to developing two different chemistries for its EVs, Lisa Drake, Vice President of EV industrialization at Ford said. The company added that LFP batteries will also…
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GM shares surge after record earnings and a new investment in the company
Ford announced that it’s building an electric vehicle and battery plant in Georgia, which is expected to be operational by 2023. The plant will initially employ about 3,000 people and will be built in the same area where the automaker already operates a battery plant in Kentucky and a factory in Tennessee. Ford also said…