Rebecca Bellan
Hyundai Motor Group will invest 24 trillion won (~$18 billion) in South Korea’s electric vehicle industry through 2030, the company said Tuesday.
The news comes a week after Kia, which falls under the Hyundai umbrella, announced its own 32 trillion won (~$24 billion) investment into electrification and future business...
Tesla’s 2,500-acre manufacturing hub in Austin, Texas tripled its workforce last year, according to the company’s annual compliance report filed with county officials. Bloomberg first reported on the news.
The report filed with Travis County’s Economic Development Program shows that Tesla increased its Austin workforce from just 3,523 contingent...
The Niu Technologies KQi3 Max has the kind of specs that should make it the ideal scooter for urban dwellers — especially those who live in hilly terrain. The 46.5-pound scooter has enough power to whisk riders through city streets at speeds of up to 20 miles per...
BrightDrop, the electric delivery van subsidiary of General Motors, has signed on supply chain logistics company Ryder as a new customer. Ryder plans to add 4,000 BrightDrop EVs to their rental and lease fleet through 2025.
The nabbing of yet another big commercial customer comes as BrightDrop demonstrates its...
Tesla said Sunday it delivered 422,875 electric vehicles in the first quarter of 2023, just beating Wall Street estimates of around 420,000 units. The company produced 440,808 vehicles in the same period.
The delivery and production numbers are record results for the EV maker. In the fourth quarter of...
The U.S. Treasury Department’s guidance on battery sourcing requirements for the electric vehicle tax credits will result in fewer vehicles being eligible for full or partial credits, reports Reuters, citing an unnamed U.S. official.
The proposed EV credit guidance as included in the Inflation Reduction Act says that in...
Walt Disney Co. has eliminated its metaverse division as part of staff cuts that promise to reduce head count by around 7,000 across the company over the next two months, reports The Wall Street Journal.
CEO Bob Iger said Monday that those layoffs would begin this week. Disney’s next-generation...
Tesla is back in court this week to defend itself against allegations from a Black former worker who claimed the automaker’s Fremont factory is rife with racial discrimination and harassment. Tesla and the plaintiff, Owen Diaz, are scheduled to appear in U.S. District Court in San Francisco this...
Hivemapper, the startup that puts dashcams on ride-hail and delivery vehicles to map the world, is getting a little closer to its goal of toppling the B2B mapping empire that Google has built.
With only 2% of the world’s roads mapped, Hivemapper is still very much the underdog in...
Twitter has picked April Fool’s Day, otherwise known as April 1, to start removing legacy blue checkmarks from the platform.
Despite the significance of the day Twitter chose, the removal of legacy checkmarks has been anticipated for months now. Musk tweeted in December that the company would remove those...
