WASHINGTON—The Biden administration said senior officials held a meeting Wednesday with major automotive leaders including Tesla Chief Executive Elon Musk and General Motors Chief Executive Mary Barra to discuss electric vehicles and charging. The administration said in a statement “there was broad consensus that charging stations and vehicles need to be interoperable and provide a…
Stellantis Fires up EV Rivalry With Tesla
Stellantis NV., Mercedes-Benz Group AG., and TotalEnergies SE. joint venture Automotive Cells Company looked to build an EV battery plant in Italy. The plant would involve an investment of over €7 billion, Reuters reports. The partners aimed to increase its industrial capacity to at least 120-gigawatt hours (GWh) by 2030. ACC looked to produce batteries for over 2.5 million vehicles per…
Porsche AG Sets More Ambitious Electric Vehicle Target
FRANKFURT—Luxury sportscar maker Porsche AG, which parent Volkswagen could float in a partial stock market listing later this year, on Friday set out a more ambitious sales target for electric vehicles. More than 80 percent of newly sold Porsche vehicles will be fully-electric in 2030, Porsche AG Chief Executive Oliver Blume said at the group’s…
GM Ramps up EV Push With Plans to Make Battery Materials in Canada
General Motors Co and South Korea’s POSCO Chemical will build a $400 million facility to produce battery materials in Canada as the carmaker ramps up plans to produce mainly electric vehicles (EVs) in the future, the companies said on Monday. The plant will produce cathode active material (CAM) for vehicle batteries in Becancour, Quebec. Cathodes…
Japan’s Honda, Sony Joining Forces on New Electric Vehicle
TOKYO—Two big names in Japanese electronics and autos are joining forces to produce an electric vehicle together. Sony Group Corp. and Honda Motor Co. agreed to set up a joint venture this year to start selling an electric vehicle by 2025, both sides said Friday. The plan is to bring together Honda’s expertise in mobility…
South Korea’s Hyundai Motor Plans to Invest $16 Billion in EV Push
SEOUL—South Korea’s Hyundai Motor Co. said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) towards electric vehicle (EV) related businesses. Hyundai Motor, which together with affiliate Kia Corp. is among the world’s top 10 biggest automakers by sales, targets to achieve a…
Stellantis Divulges Its EV Ambitions
Stellantis NV. looks to double revenue to €300 billion ($335 billion) a year by 2030 and keep profit margins high as it steps up efforts to roll out electric versions of its cars, profitable Jeep SUVs, and RAM pickup trucks. Stellantis aims to forge a deal with the Italian government on a battery plant after Rome pledged…
Renault CFO Delbos Steps Down to Steer Its Mobilize EV Brand
PARIS—Clotilde Delbos will step down as Renault’s chief finance officer, she told analysts on Friday, to focus on leading the group’s Mobilize unit. After six years as finance chief Delbos will be replaced by Thierry Pieton, her deputy, from March 1. “Clotilde Delbos will mainly focus on her role as CEO of the Mobilize brand…
The Under-the-Radar Market That Could Produce the Next Tesla
Commentary It appears to be “game on” in the EV world. For over a decade, Tesla (TSLA) has dominated the public consciousness when it comes to electric vehicles (EVs). Other car manufacturers had tinkered with hybrids, but it was only Tesla that focused solely on creating a line of all-electric vehicles. Minor players like Fisker…
‘Green Inflation’ Is Heating Up This Tiny Market
These days the immediate future of EVs is very much in flux. At some point, it’s fair to say that electric vehicles will be part of our everyday lives. Whether they become a staple of urban living where short-term trips are the norm or whether some battery technology is finally developed that lets owners drive…
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