Volkswagen's €1.4 Billion Bet on Northvolt Batteries Takes a Hit
Volkswagen's massive investment in Northvolt, a Swedish battery manufacturer, has lost significant value amidst the company's financial struggles and bankruptcy filing
Electric Vehicles
Volkswagen's Scout Motors to Equip EVs with Built-in Satellite Connection
Scout Motors announces its forthcoming Traveler SUV and Terra pickup will feature a built-in satellite connection for enhanced connectivity in remote areas.
Volvo Unveils Pricing for Delayed EX30 Compact SUV in US Market
Volvo announces pricing for its compact EX30 SUV, delayed due to tariffs, with a starting price of $44,900 for the Plus equipment package.
Xpeng Aero HT Unveils Modular Flying Car at CES 2025, Secures 3,000 Intent Orders
Chinese EV startup Xpeng's aerospace arm, Aero HT, showcases its 'Land Aircraft Carrier' modular flying car at CES 2025, with plans for mass production and 3,000 intent orders already secured.
Zoox Hires Former Tesla Autopilot Hardware Engineering Head, Casting Doubt on Tesla's Robotaxi Ambitions
Amazon-owned Zoox poaches top Tesla talent, fueling speculation about Tesla's ability to launch a robotaxi service, despite Elon Musk's claims
VW and Audi Dealers Sue Scout Over Direct-to-Consumer Sales Model
Florida dealers file lawsuit against Scout Motors, alleging its direct-to-consumer sales model violates state law, seeking to block sales in the state.
Ford Loses $5 Billion on EVs in 2024, Predicts Another $5 Billion in Losses for 2025
Ford reports massive losses on its electric vehicle business, citing market factors and predicting further losses in 2025, despite strong performance in gas-powered cars.
Scout Motors' Direct-to-Consumer EV Sales Model Faces Legal Challenge
Volkswagen-backed Scout Motors faces lawsuit from dealerships over direct-to-consumer EV sales, echoing Tesla's past battles
US Sees Surge in EV Battery Manufacturing as Automakers Invest Billions
The US is experiencing a significant surge in electric vehicle battery manufacturing as automakers invest billions in domestic production, driven by government incentives and the need for supply chain control.