EVIndustry

China's Battery Exports to the U.S. Surge to Unprecedented Levels Amid Growing Demand

3 days ago

In a significant development within the global trade landscape, China's exports of battery technology to the United States have skyrocketed, reaching an all-time high of $1.9 billion. This surge reflects the increasing demand for electric vehicles (EVs) and renewable energy solutions, as the American market pivots toward sustainable energy sources and reduces its reliance on fossil fuels.

UAW and Rivian Forge Unlikely Pact to Streamline Unionization of Electric Vehicle Workers

4 days ago

In a surprising turn of events, the United Auto Workers (UAW) union and electric vehicle manufacturer Rivian have reached a secret agreement aimed at simplifying the unionization process for employees at Rivian's production facilities. This pivotal pact is expected to ease the path for workers seeking to join the union and could set a precedent for other companies in the burgeoning electric vehicle sector.

Lion Electric Faces Imminent Bankruptcy Amidst Evolving EV Landscape

6 days ago

In a dramatic turn of events, Lion Electric, a leading manufacturer in the electric vehicle (EV) market, is bracing for a possible bankruptcy filing. This revelation comes as the company grapples with mounting financial pressures amid an increasingly competitive landscape dominated by traditional automakers ramping up their own electric vehicle initiatives.

Countdown to Northvolt's Collapse: BMW's Decision Sparks Alarm in the EV Battery Sector

29 days ago

The Swedish battery manufacturer Northvolt is reportedly on the brink of a significant collapse, primarily triggered by BMW’s decision to withdraw from its partnership with the company. This development has sent shockwaves through the electric vehicle (EV) battery industry, raising concerns over Northvolt’s capacity to sustain its operations and fulfill the increasing demands of the electrification trend that has gripped the automotive world.

Tesla and Rivian Reach Settlement in Technology Theft Dispute

1 month ago

In a notable development within the electric vehicle industry, Tesla has announced that it is settling a contentious lawsuit against Rivian, a rival EV manufacturer. This lawsuit centered around allegations of technology theft, which escalated tensions between the two companies. The settlement signals a potential resolution to the ongoing friction in an increasingly competitive market for electric vehicles, where innovation and technology sharing are crucial.

Northvolt Offloads US Battery Plant to Lyten Amid Financial Struggles

1 month ago

In a significant shift within the electric vehicle battery manufacturing landscape, troubled Swedish battery maker Northvolt has announced the sale of its US battery plant to California-based startup Lyten. This decision comes as Northvolt grapples with ongoing financial difficulties and a reassessment of its strategic assets.

BYD's Remarkable Surge: The Factors Behind Its Success Beyond Subsidies

2 months ago

In recent years, BYD, the Chinese electric vehicle (EV) giant, has experienced exponential growth that has caught the attention of the global automotive industry. While many attribute part of this success to government subsidies, a closer analysis reveals that BYD's rise is fueled by a multitude of factors that extend far beyond financial incentives.

Rivian Faces Production Roadblocks Amid Supply Crunch: Shares Plunge

3 months ago

In a surprise turn of events, Rivian Automotive Inc. announced its downward production target revision for the year to come. Per the latest statement from the company, the supply chain remains the main disturbance; serious roadblocks may well impede Rivian's capability to sustain the previous growth pace.

BMW Urges Germany to Vote Against EU Tariffs on Chinese-Made EVs

3 months ago

In a significant development within the European automotive industry, German car manufacturer BMW has asked its home country to oppose proposed tariffs by the European Union on electric vehicles imported from China. The company further stated that such tariffs can be disruptive for the business dynamics that exist between the EU and China, thus posing a deterrent to the auto sector and eventually affecting the end consumers.