Tesla plans to spend $3.6 billion more on manufacturing in Nevada

An aerial perspective of the Tesla Gigafactory around Sparks, Nevada Bob Powerful | Reuters Tesla ideas to devote $3.6 billion far more on expanded battery and heavy obligation truck manufacturing…

Polestar gets $1.6 billion boost from Volvo, other big stakeholder

Polestar mentioned on Thursday it experienced secured $1.6 billion in funding from its two main shareholders to help it deliver its expansion ideas amid volatile marketplaces. Volvo, which co-established the…

Germany to spend 6.3 billion euros on push for electric car charging points

BERLIN/FRANKFURT — The German govt approved a program on Wednesday to commit 6.3 billion euros ($6.1 billion) around 3 years to rapidly scale up the variety of charging stations for…

Driverless car quest has made a bonfire out of $75 billion

Autonomous motor vehicle organizations and suppliers have collectively expended around $75 billion developing self-driving know-how, with scant sign of significant revenue rising from robo-vehicle services right after all that hard cash incineration. This…

Biden awards $2.8 billion for electric vehicle battery manufacturing

U.S. President Joe Biden provides remarks to emphasize electric powered auto production in The usa, all through a go to to the Detroit Vehicle Demonstrate, September 14, 2022. Kevin Lamarque…

BMW to invest $1.7 billion in U.S. to produce electric vehicles

BMW Group plans to invest $1.7 billion in its U.S. functions to develop electric powered motor vehicles and batteries, the firm announced Wednesday. The expense will consist of $1 billion…

Hyundai will break ground on $5.5 billion Georgia plant this month

WASHINGTON — South Korea’s Hyundai Motor said Friday it will crack ground this thirty day period on a $5.5 billion electric automobile and battery plant in the United States. Hyundai…

Honda’s new $4.4 billion EV battery plant will be built in Ohio

An employee inspects the doorway of a 2018 Honda Accord auto through creation at the Honda of The united states Manufacturing Inc. Marysville Vehicle Plant in Marysville, Ohio, on Thursday,…

Ford to restructure supply chain after $1 billion in unexpected costs

Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it is really setting up the electrical F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT –…

Toyota says it will invest extra $2.5 billion in North Carolina plant

A Toyota dealership in Yokohama, Japan, photographed on Feb. 7, 2021. The agency is making an attempt to make headway in the progressively aggressive electric powered car marketplace. Toru Hanai…