Latest Electric vehicles News
More and faster: Electricity from clean sources reaches 30% of global total
Billions of people are using different kinds of energy each day and 2023 was a record-breaking year for renewable energy sources — ones that don't emit planet-warming pollutants like carbon dioxide and methane — according to a report published Wednesday by Ember, a think tank based in London. ...
Kenvue, Crocs rise; Disney, Teradata fall, Tuesday, 5/7/2024
Stocks that traded heavily or had substantial price changes on Tuesday: The Walt Disney Co., down $11.08 to $105.39. The entertainment giant's revenue fell shy of forecasts and said it expects its streaming video business to weaken. Kenvue Inc., up $1.20...
Lucid Group: Q1 Earnings Snapshot
NEWARK, Calif. (AP) — NEWARK, Calif. (AP) — Lucid Group, Inc. (LCID) on Monday reported a loss of $680.9 million in its first quarter. On a per-share basis, the Newark, California-based company said it had a loss of 30 cents. The results fell short of Wall Street...
Call it Cognac diplomacy. France offered China’s Xi a special drink, in a wink at their trade spat
PARIS (AP) — How do you smooth over trade tensions with the all-powerful leader of economic powerhouse China? Charm him with a bottle of Cognac, or two. That seemed to be French President Emmanuel Macron’s strategy with his carefully selected gift list for visiting Chinese...
Hungary and Serbia's autocratic leaders to roll out red carpet for China's Xi during Europe tour
BUDAPEST, Hungary (AP) — Chinese leader Xi Jinping will spend most of his five-day tour in Europe this week in two small countries in the continent’s eastern half, a region that Beijing has used as a foothold for its expanding economic ambitions in Europe. Following a stop in...
China's president arrives in Europe to reinvigorate ties at a time of global tensions
PARIS (AP) — Chinese President Xi Jinping kicked off a three-country trip to Europe on Sunday with the continent divided over how to deal with Beijing's growing power and the U.S.-China rivalry. European carmakers are losing ground to subsidized Chinese electric vehicles. Diplomats...
Swiss company to build $184 million metal casting facility in Georgia, hiring 350
AUGUSTA, Ga. (AP) — A Swiss company will build a plant in Georgia to make lightweight parts cast from metal for vehicles and energy generation. GF Casting Solutions, a division of Georg Fischer AG, announced Friday that it would invest $184 million in the plant in Augusta, with...
US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits
DETROIT (AP) — The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to $7,500 but leading critics to accuse the Biden administration of helping China. The Treasury Department announced final...
As China's Xi Jinping visits Europe, Ukraine, trade and investment are likely to top the agenda
TAIPEI, Taiwan (AP) — Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping’s first trip to Europe in five years, as the Asian giant rebuilds its foreign relations after a prolonged absence during the Covid-19 pandemic. Xi will start the tour in Paris...
Elimination of Tesla's charging department raises worries as EVs from other automakers join network
DETROIT (AP) — Elon Musk's move to lay off the department responsible for Tesla's electric vehicle chargers has touched off worries in the auto industry that EVs from other automakers will have trouble joining Tesla's network. Several leaders of Tesla's Supercharger team posted...
