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EV Startup Faraday Future Moves its Headquarters to China

EV Startup Faraday Future Moves its Headquarters to China

​Evergrande Health Industry Group Limited, which owns a 45 percent of electric vehicle startup Faraday Future (FF), announced today that the struggling EV startup has left southern California and moved its operating headquarters to China.

FutureCar Staff 2023-01-30 00:00 PT

2023 Jeep Grand Cherokee Trailhawk Now PHEV Only

2023 Jeep Grand Cherokee Trailhawk Now PHEV Only

While the 2022 Trailhawk was available with V6, V8, and plug-in hybrid engines, the 2023 model will only be offered with Jeep’s electrified powertrain.

Vineeth Joel Patel2023-01-15 05:45 PT

Ford is Testing a New Robotic Charging Station to Assist Drivers of EVs With Disabilities

Ford is Testing a New Robotic Charging Station to Assist Drivers of EVs With Disabilities

For drivers with disabilities, switching to an electric vehicle may pose some new challenges, such as exiting the vehicle to plug in a bulky cable at an EV charging station. To address this, Ford Motor Co is testing a new robotic EV charging arm that will offer drivers with physical limitations a much needed helping hand.

Eric Walz2023-01-12 13:30 PT

Lucid’s New ‘Stealth Look’ Appearance Package for the Electric Air Sedan Compliments its High Performance DNA

Lucid’s New ‘Stealth Look’ Appearance Package for the Electric Air Sedan Compliments its High Performance DNA

Luxury electric automaker Lucid Group unveiled a new “Stealth Look” exterior appearance package for the Lucid Air sedan. The darker Stealth Look gives the Air sedan a more aggressive appearance, which is fitting for the 1,000+ horsepower Lucid Air. The new Stealth Look will be available as an option for Air Grand Touring Performance, Air Grand Touring, and Air Touring models.

FutureCar Staff 2023-01-09 08:45 PT

Ford Raises the Prices of the F-150 Lightning Electric Pickup Due to Rising Raw Material Costs

Ford Raises the Prices of the F-150 Lightning Electric Pickup Due to Rising Raw Material Costs

Ford Motor Co is raising prices of the F-150 Lightning electric pickup for the first time since its launch in May 2021. The automaker cited significant material cost increases and other factors for the price hikes of nearly 20% on Lightning models. The automaker said prices for the 2023 F-150 Lightning will jump between $6,000 and $8,500 depending on the model.

Eric Walz2023-01-05 11:15 PT

Acura Prevision EV Concept Previews Brand’s Electric Future

Acura Prevision EV Concept Previews Brand’s Electric Future

With Acura’s first all-electric vehicle expected to arrive in 2024, the luxury brand is ready to provide a preview of what its upcoming EVs may look like.

Vineeth Joel Patel2022-12-30 08:00 PT

Zeekr’s New 009 Electric Passenger Van is the World’s First EV to Feature CATL’s Advanced ‘Qilin’ Battery With a Range of 510 Miles

Zeekr’s New 009 Electric Passenger Van is the World’s First EV to Feature CATL’s Advanced ‘Qilin’ Battery With a Range of 510 Miles

China's new premium electric vehicle brand Zeekr, which is owned by Chinese automaker Zhejiang Geely Holding Group Co. (“Geely”), has officially launched its second model, a sleek passenger van named the “009”. The electric multi-passenger van (MPV) will be the world’s first vehicle powered by an advanced battery developed by battery maker Contemporary Amperex Technology Co Ltd. (CATL) called the “Qilin”.

Eric Walz2022-12-19 13:45 PT

Premium Chinese EV Brand Zeekr Seeks to Raise $1 Billion in U.S. IPO, According to Sources

Premium Chinese EV Brand Zeekr Seeks to Raise $1 Billion in U.S. IPO, According to Sources

Newly launched electric vehicle brand Zeekr Intelligent Technology Ltd. ("Zeekr"), which is owned by Chinese automaker Zhejiang Geely Holding Group ("Geely"), aims to launch an IPO in the U.S. to raise capital from investors. Zeekr is planning to become a U.S.-listed company as early as the second quarter of 2023.

Eric Walz2022-12-12 12:30 PT

China’s CATL to Supply Honda with 123 GWh of Electric Vehicle Batteries by 2030

China’s CATL to Supply Honda with 123 GWh of Electric Vehicle Batteries by 2030

Japan's Honda Motor Co has signed a major deal with Chinese battery maker Contemporary Amperex Technology Co., Limited (“CATL”) to supply electric vehicle batteries over the next seven years. From 2024 through 2030, Honda will purchase 123 GWh of batteries from CATL for its new fully electric vehicle brand “e:N” that was announced in October of last year.

Eric Walz2022-12-08 10:45 PT

Apple Delays its Long Rumored Electric ‘Apple Car’ Until 2026, According to Sources

Apple Delays its Long Rumored Electric ‘Apple Car’ Until 2026, According to Sources

​The much-anticipated electric "Apple Car" from technology giant Apple Inc. won’t be here until at least 2026, Bloomberg reported on Tuesday citing sources familiar with the company's plans. It also appears that Apple is abandoning the Apple Car’s SAE Level-5 autonomous driving technology for a more simplified self-driving system for highways.

FutureCar Staff 2022-12-06 15:30 PT

Hyundai Motor Group Signs MoU with SK On Co. to Secure Batteries for EVs Built in the U.S.

Hyundai Motor Group Signs MoU with SK On Co. to Secure Batteries for EVs Built in the U.S.

Hyundai Motor Group is moving one step closer to securing the batteries its needs for future electric vehicles the automaker will build in North America. The automaker announced the signing of a MoU with battery maker SK On Co., Ltd to secure a supply of batteries for EV production in the U.S. The agreement is part of the automaker's plans to become one of the world's largest manufacturers of electric vehicles.

FutureCar Staff 2022-11-29 09:40 PT

Vietnam-based Electric Vehicle Startup VinFast Ships its First Vehicles to the U.S.

Vietnam-based Electric Vehicle Startup VinFast Ships its First Vehicles to the U.S.

Tesla and other automakers competing in the growing electric vehicle market in the U.S. are about to get some new competition from Vietnam-based electric carmaker VinFast. VinFast shipped its first batch of vehicles to the U.S. as the company eyes international expansion. The first shipment of electric cars included 999 VF 8 SUVs. VinFast says its entrance into the U.S. market is a milestone for Vietnam’s automotive industry.

Eric Walz2022-11-28 14:45 PT

Mazda Outlines Plans to Invest $10.6 Billion in Electric and Hybrid Vehicle Development Through 2030

Mazda Outlines Plans to Invest $10.6 Billion in Electric and Hybrid Vehicle Development Through 2030

A changing auto industry and pressure from governments to reduce carbon emissions has prompted Mazda to revamp its strategic roadmap through 2030, which include a significant investment for developing new electric vehicles. Mazda’s aims for electric vehicles to be up to 40% of its total global sales by 2030.

FutureCar Staff 2022-11-22 12:30 PT

LG Chem is Investing $3.2 Billion to Build a Cathode Manufacturing Facility for Electric Vehicle Batteries in Tennessee

LG Chem is Investing $3.2 Billion to Build a Cathode Manufacturing Facility for Electric Vehicle Batteries in Tennessee

Electric vehicle battery manufacturer LG Chem announced the signing of a memorandum of understanding (MOU) with the state of Tennessee to establish a new cathode manufacturing facility for electric vehicle (EV) batteries in the city of Clarksville. The new plant will be the largest of its kind in the U.S. and will produce enough cathode materials to power 1.2 million EVs once fully operational.

Eric Walz2022-11-22 10:00 PT

Mercedes-Benz is Offering a Performance Upgrade as a Yearly Subscription on its EQ Electric Vehicles

Mercedes-Benz is Offering a Performance Upgrade as a Yearly Subscription on its EQ Electric Vehicles

For the new EQ family of Mercedes-Benz electric vehicles, the automaker announced it’s offering a performance upgrade as a yearly rental plan rather than a monthly subscription. It is one of the first plans of its kind in the auto industry. For $1,200 a year, customers can opt to increase the torque and maximum output of their Mercedes-EQ vehicles, including faster 0-60 mph acceleration times.

Eric Walz2022-11-21 12:40 PT

General Motors Announces a Key North American Nickel Supply Deal for Electric Vehicle Batteries

General Motors Announces a Key North American Nickel Supply Deal for Electric Vehicle Batteries

General Motors announced the signing of a term sheet with Vale Canada Limited, a subsidiary of Brazilian mining company Vale S.A., for a long-term supply of battery grade nickel sulfate. The nickel for GM's Ultium batteries will come from Vale’s proposed processing plant in the city of Bécancour, Québec, Canada. Vale is North America’s largest producer of finished nickel.

FutureCar Staff 2022-11-17 14:00 PT

BorgWarner Invests $500 Million in Wolfspeed Inc, a Developer of Semiconductors and Silicon Carbide Devices for Electric Vehicles

BorgWarner Invests $500 Million in Wolfspeed Inc, a Developer of Semiconductors and Silicon Carbide Devices for Electric Vehicles

Michigan-based BorgWarner Inc., which is one of the world’s biggest parts suppliers to the auto industry, announced a $500 million investment in Wolfspeed Inc., a developer and manufacturer of semiconductors and silicon carbide devices. Wolfspeed's family of products include Silicon Carbide (SiC) materials for applications such as electric vehicle powertrains, fast charging, 5G, renewable energy and energy storage devices.

Eric Walz2022-11-16 10:00 PT

Electric Automaker Lucid Group Unveils the Lower Priced Air Pure and Air Touring Models

Electric Automaker Lucid Group Unveils the Lower Priced Air Pure and Air Touring Models

Luxury electric automaker Lucid Group unveiled two lower priced versions of its Lucid Air sedan, the Air Pure and Air Touring. The Air Touring features a 620-horsepower dual-motor all wheel-drive electric powertrain with a 0-60 mph acceleration time of 3.4 seconds. It has an EPA estimated range of 425 miles, which edges out the 405-mile range of the dual-motor all-wheel-drive Tesla Model S.

FutureCar Staff 2022-11-15 09:30 PT

Struggling Electric Vehicle Startup Faraday Future Signs Deal to Raise up to $350 Million in Financing to Help it Stay Afloat

Struggling Electric Vehicle Startup Faraday Future Signs Deal to Raise up to $350 Million in Financing to Help it Stay Afloat

​Electric vehicle startup Faraday Future Intelligent Electric Inc (“Faraday Future”) is set to receive another financial lifeline after the company signed a deal to raise up to $350 million. Faraday Future said that financing from an affiliate of Yorkville Advisors Global with an initial commitment of $200 million gives it the cash it needs to start production and deliver its first EV to customers named the “FF91”.

FutureCar Staff 2022-11-14 11:00 PT

Tesla Rival NIO Reports a Record 31,607 Electric Vehicles Deliveries in Q3 as Demand Grows

Tesla Rival NIO Reports a Record 31,607 Electric Vehicles Deliveries in Q3 as Demand Grows

Electric vehicle manufacturer NIO Inc., which is one of Tesla’s biggest rivals in China, reported strong Q3 results on Thursday boosted by growing demand for its technology-packed electric vehicles. NIO delivered 31,607 vehicles in the third quarter of 2022, which represents a 26.1% jump from 25,059 EVs in Q2 and a 29.3% jump from the same period last year.

FutureCar Staff 2022-11-10 11:15 PT

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