Tag Archives: Electric vehicles

Why BMW really decided to make batteries in the US

[ad_1] CNN  —  BMW recently announced a $1.7 billion investment to help prepare its huge Spartanburg, South Carolina, factory to produce electric cars and SUVs. That sum included $700 million for the construction of a battery manufacturing plant nearby. Spartanburg is BMW’s largest factory anywhere in the world. It employs …

Read More »

Biden’s EV tax credit rules deal ‘astronomical’ blow to business

[ad_1] DETROIT – The Biden administration’s elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor’s business, an executive for the automaker said Wednesday. Jose Munoz, global president and chief operating officer, declined to disclose a specific financial impact associated with the requirements of the …

Read More »

IPhone maker Foxconn reveals its electric car future

[ad_1] CNN Business  —  Foxconn, the Taiwanese company best known for building Apple’s iPhones, recently showed off two new electric vehicles at an event in Taipei as the company expanded on its plans to do for cars what it’s already done for phones. The company, officially Hon Hai Technology Group …

Read More »

Nikola NKLA founder Trevor Milton found guilty of fraud

[ad_1] Trevor Milton CEO of Nikola Massimo Pinca | Reuters Trevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court Friday of three of four counts of fraud relating to false statements he made to drive up the value …

Read More »

Nikola NKLA tender offer Romeo Power RMO acquisition completed

[ad_1] Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said Thursday that its planned acquisition of battery-pack maker Romeo Power will now proceed, after Romeo Power shareholders agreed to tender just over half of the company’s outstanding shares. In August, Nikola said it had agreed to …

Read More »
About Us | ccpa california consumer privacy act