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The World’s Largest EV Battery Maker CATL is in the Final Stages of Vetting Sites in the U.S. to Build a New Factory

The World’s Largest EV Battery Maker CATL is in the Final Stages of Vetting Sites in the U.S. to Build a New Factory

China’s Contemporary Amperex Technology Co Ltd (CATL), which is the world's largest producer of electric vehicle batteries, is in the final stages of vetting sites in the United States to build a battery factory that would supply automakers, two people with knowledge of the plans told Reuters on Thursday.

Eric Walz2022-06-12 09:00 PT

Ford Closes Orders for 2022 Mustang Mach-E Because of Demand

Ford Closes Orders for 2022 Mustang Mach-E Because of Demand

The ongoing chip shortage continues to be a major issue for the American automaker, as it recently announced that it would stop accepting orders for the sporty electric SUV.

Vineeth Joel Patel2022-05-31 07:00 PT

The Ford F-150 Lightning Towed a 10,000 Pound Trailer Across Two of America's Toughest Towing Routes

The Ford F-150 Lightning Towed a 10,000 Pound Trailer Across Two of America's Toughest Towing Routes

Ford engineers drove the F-150 Lightning electric pickup across some of the harshest towing routes in the country. The trucks maintained expressway speeds and climbed steep inclines during these grueling trials.

Manish Kharinta2022-05-05 06:00 PT

Redwood Materials is Launching a EV Battery Recycling Program in California with Support From Ford Motor Co & Volvo Cars

Redwood Materials is Launching a EV Battery Recycling Program in California with Support From Ford Motor Co & Volvo Cars

Electric vehicle battery recycling startup Redwood Materials is launching a comprehensive battery recycling program in California. The company will establish an efficient and safe and effective way to recycle end-of-life hybrid and electric vehicle battery packs. Automakers Ford Motor Co and Volvo Cars will be the first to directly support the program.

Eric Walz2022-03-26 11:45 PT

The 2022 North American Car, Truck & Utility Vehicle of the Year Winners Announced in Detroit, Ford Wins Big

The 2022 North American Car, Truck & Utility Vehicle of the Year Winners Announced in Detroit, Ford Wins Big

​The North American Car, Truck and Utility Vehicle of the Year (NACTOY) award winners were announced today in Detroit. This year’s finalists included the Honda Civic, Lucid Air Sedan, Ford Bronco and Maverick, Rivian R1T and Volkswagen Golf. The winners were announced at an event in Detroit hosted by the Automotive Press Association (APA) on Tuesday.

FutureCar Staff 2022-02-17 09:00 PT

Elon Musk’s Criticism of Biden’s Infrastructure Plan Seems Justified When it Comes to EV Tax Credits

Elon Musk’s Criticism of Biden’s Infrastructure Plan Seems Justified When it Comes to EV Tax Credits

​Tesla Chief Executive Elon Musk is not a fan of President’s Biden’s massive infrastructure plan when its comes to electric vehicle tax credits and he made his feeling clear in remarks on Monday. One of the biggest pain points for Musk is that the plan essentially shuts out Tesla from the proposed increase in the federal EV tax credit from $7,500 to $12,000, which is designed to boost the adoption of electric vehicles in the U.S.

Eric Walz2022-01-06 12:30 PT

Shares of Electric Truck Maker Rivian Will Start Trading on the NASDAQ on Wednesday

Shares of Electric Truck Maker Rivian Will Start Trading on the NASDAQ on Wednesday

Shares of Amazon-backed electric truck maker Rivian are set to begin trading on the NASDAQ on Wednesday under the symbol “RIVN” in one of the most anticipated IPOs in recent years. Rivian is offering 135 million shares to underwriters at $78 a piece, with the options to purchase an additional 20.25 million shares. The $78 stock price values Rivian at nearly $70 billion, but that figure will likely climb higher based on investor interest.

Eric Walz2021-12-17 10:00 PT

General Motors to Suspend Production at 8 Plants in North America Due to Ongoing Chip Shortages

General Motors to Suspend Production at 8 Plants in North America Due to Ongoing Chip Shortages

U.S. automaker General Motors announced it is suspending production at half its factories in North America. The work stoppages are expected to last one to two weeks and begin on Monday, Sept 6. Only a handful of GM's North American plants will remain in operation during the shutdowns, including the plants make GM’s most profitable full-size SUVs and pickups.

FutureCar Staff 2021-10-10 12:50 PT

Electric Truck Maker Rivian Files for IPO, Aiming for an $80 Billion Valuation

Electric Truck Maker Rivian Files for IPO, Aiming for an $80 Billion Valuation

​Electric truck maker Rivian, a company backed by e-commerce giant Amazon and Ford Motor Co., has filed paperwork for an IPO, in one of the most anticipated Wall Street debuts in the auto industry since Tesla went public in June 2010.

FutureCar Staff 2021-10-03 11:15 PT

Ford to Double its Production Target for the Electric F-150 Lightning Due to Strong Demand

Ford to Double its Production Target for the Electric F-150 Lightning Due to Strong Demand

Ford Motor Company has doubled its production target from the new F-150 Lighting electric pickup based on strong early demand for the electric version of the best-selling truck in the U.S., sources told Reuters on Monday. Ford’s annual production target has been increased from 40,000 units to 80,000 units by 2024.

Eric Walz2021-09-29 15:15 PT

U.S. President Joe Biden Aims for 50% of New Vehicles Sales in the U.S. be Electrified by 2030

U.S. President Joe Biden Aims for 50% of New Vehicles Sales in the U.S. be Electrified by 2030

The U.S. auto industry has gotten its biggest endorsement yet for building more fully-electric vehicles. President Joe Biden is set to sign an executive order on Thursday aimed at making half of all vehicles sold in the U.S. be low-emissions and electrified by 2030. In addition, Biden will propose new emission rules through 2026 for automakers.

Eric Walz2021-09-11 10:00 PT

General Motors Files Lawsuit Against Rival Ford for Naming its New Autonomous Driving Feature ‘BlueCruise’

General Motors Files Lawsuit Against Rival Ford for Naming its New Autonomous Driving Feature ‘BlueCruise’

General Motors and its autonomous driving arm Cruise LLC have filed a lawsuit to stop rival Ford Motor Co from using the name "BlueCruise" for its new autonomous driving feature that offers hands-free driving on highways. General Motors’ autonomous driving system is called “Super Cruise” and the automaker claims that Ford’s calling its autonomous driving feature BlueCruise infringes on its trademark.

Eric Walz2021-09-01 09:15 PT

Senate Finance Committee Advances Bill That Includes Raising the Federal Tax Credit up to $12,500 on U.S.-Made EVs

Senate Finance Committee Advances Bill That Includes Raising the Federal Tax Credit up to $12,500 on U.S.-Made EVs

​After a hearing on Wednesday, the U.S. The Senate Finance Committee advanced legislation for the “Clean Energy for America Act”, which includes a proposed increase to the current federal EV tax credit of up to $7,500 on the purchase of a zero emissions electric vehicle. The bill also includes a 30% tax credit for manufacturers to retool or build new facilities to produce advanced energy technologies including EV batteries, as well as incentives to for the purchase commercial electric vehicles.

Eric Walz2021-07-03 14:00 PT

Trade Group Representing U.S. Auto Suppliers Opposes Setting a Date for the Phase Out Gas-powered Passenger Vehicles

Trade Group Representing U.S. Auto Suppliers Opposes Setting a Date for the Phase Out Gas-powered Passenger Vehicles

​The Motor & Equipment Manufacturers Association (MEMA), a trade group representing over 1,000 U.S. auto suppliers, is opposing the phase out of gas-powered vehicles stating that the move would cost thousands of jobs in the auto industry. MEMA told a Senate Commerce subcommittee on transportation that the Biden Administration should continue to set regulatory requirements that ensure suppliers keep working to improve internal combustion engines, rather than phasing them out.

Eric Walz2021-06-04 10:45 PT

Ford Motor Co is Investing $1 Billion to Modernize its Factory in Germany, Will Only Sell Fully-Electric Passenger Vehicles in Europe by 2030

Ford Motor Co is Investing $1 Billion to Modernize its Factory in Germany, Will Only Sell Fully-Electric Passenger Vehicles in Europe by 2030

​U.S. automaker Ford Motor Company is ramping up its plans for electrification in Europe. The automaker announced on Wednesday that its entire European model lineup will be 100% electric by 2030, which is one of the most ambitious goals of any of the world’s automakers. Leading up to 2030, the automaker said that all of its vehicles on sale in Europe will at least have a one zero-emissions option, which includes a fully-electric or plug-in hybrid version (PHEV) by 2026.

Eric Walz2021-03-26 09:50 PT

Volkswagen Blames its Suppliers for the Chip Shortages Affecting its Vehicle Production

Volkswagen Blames its Suppliers for the Chip Shortages Affecting its Vehicle Production

​The ongoing chip shortage is affecting auto production around the world, including that of German automaker Volkswagen AG, which is the world’s second biggest automaker. However the automaker is putting the blame on its suppliers. Volkswagen said bad planning on the part of its suppliers have only compounded the chip shortage affecting the global auto industry.

FutureCar Staff 2021-03-24 12:20 PT

General Motors is Cutting Vehicle Production Until Mid-March Due to Ongoing Chip Shortages

General Motors is Cutting Vehicle Production Until Mid-March Due to Ongoing Chip Shortages

General Motors is cutting vehicle production due to the ongoing shortage of chips and semiconductor components. The cuts will extend at least until Mid-March at three of GM's plants. In addition, the vehicles produced at two other plants will only be “partially built” until the chips are available to finish assembly, the automaker said.

Eric Walz2021-03-18 10:55 PT

General Motors is the Latest Automaker Forced to Cut Production Due to Growing Chip Shortages

General Motors is the Latest Automaker Forced to Cut Production Due to Growing Chip Shortages

​U.S. automaker General Motors Co is the latest automaker hit by the global shortage of semiconductor chips, the company said on Wednesday. The growing shortages of chips, which are affecting automakers globally, is forcing GM to scale back production next week at four assembly plants.

Eric Walz2021-03-12 13:00 PT

Automakers Are Scaling Back Production Due to Growing Semiconductor Shortages

Automakers Are Scaling Back Production Due to Growing Semiconductor Shortages

There is a shortage of semiconductor and other electronic components for motor vehicles as auto sales rebound from the global pandemic. The global pandemic forced suppliers to scale back production, and the rising demand from automakers as auto sales rebound from the lows of 2020 is leading to chip shortages in the U.S. and Europe.

Eric Walz2021-02-21 11:40 PT

Amazon-backed Rivian Close to a $25 Billion Valuation With a New Funding Round

Amazon-backed Rivian Close to a $25 Billion Valuation With a New Funding Round

Electric truck startup Rivian Automotive Inc. is close to raising a new round of funding that would value the startup at $25 billion, according to people familiar with the matter. Existing Rivian investors including e-commerce giant Amazon will participate in the latest funding round, which will raise several billion dollars for the electric truck startup.

FutureCar Staff 2021-02-11 17:35 PT

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