Monarch Tractors won’t be built by Foxconn after Ohio factory sale
Monarch’s tractors were the only vehicles being built by Foxconn in Ohio after Lordstown Motors, Fisker Inc., and IndiEV went bankrupt.
electric vehicles
Trump administration stops illegal freeze of $5B EV charger funds after losing in court
The money is on the table again, but with fewer requirements for proving out safety, environmental impacts, and inclusion of minority- and women-owned businesses.
Ford throws out Henry Ford’s assembly line to make low-cost EVs in America
The automaker is investing $2 billion into the Louisville Assembly Plant with a $30,000 EV pickup slated for 2027.
Foxconn sells former GM factory to mystery buyer after failing to make EVs
The company has spent more than three years claiming the factory would become an “important” EV hub. But it has barely produced anything there.
Ford to reveal more about its new low-cost electric vehicles on August 11
Jim Farley, Ford’s CEO, has touted this as a “Model T moment” — but the first of these new EVs won’t come out until 2027.
Tesla profits pulled down by falling EV sales and regulatory credits
Tesla saw a 17% growth in its services business, but it was not enough to close the gap in falling EV sales, fewer regulatory credits, and a decline in solar and energy storage sales.
GM teams up with Redwood Materials to power data centers with EV batteries
GM will send batteries — new and old — to Redwood Materials, which will assemble them into large packs capable of supporting data centers and the grid.
GMC Hummer EV outsold the Tesla Cybertruck last quarter
As Elon Musk once said, “we dug our own grave with Cybertruck.”
Faraday Future faces potential SEC enforcement action after three-year probe
The troubled EV startup, its founder, and the founder’s nephew are all in the financial regulator’s crosshairs.
GM to challenge China’s LFP monopoly with upgraded battery factory
The factory’s overhaul will give U.S. LFP production a significant boost.