In the 2000s, there was a media format war between Sony’s Blu-ray and Toshiba’s HD DVD. Sony, which owns a production company, convinced Warner Bros. to drop the rival format. And then Paramount followed suit, putting the last two nails in HD DVD’s coffin. Fast-forward to today’s electric vehicle charging standards war, and it feels […]
General Motors broadens electric goals with new division – EQ Mag Pro
General Motors, which plans to go almost entirely electric by 2035, is creating a new energy division that will produce chargers for electric vehicles, as well as solar panels and other energy-related technology for homes and businesses. The company said Tuesday that the unit, called GM Energy, will create systems for households and commercial customers […]
General Motors to build heavy-duty electric vehicles by 2035 – EQ Mag Pro
General Motors CEO Mary Barra has stated that the automaker is planning to manufacture all-electric heavy-duty trucks by 2035. General Motors has plans to phase out ICE vehicles completely by 2040. General Motors CEO Mary Barra has announced that the company will manufacture all-electric heavy-duty trucks by 2035, around the same time when it has […]
These Are the Top 4 Global EV Players for Investors to Keep an Eye on – EQ Mag Pro
Are you thinking about investing in EV stocks? This market is full of hot investment opportunities. Watch out for these 4 companies As the focus shifts from fossil fuels to renewable energy, aspirations of a better, more cheerful future emerge. Electric vehicles (EVs) have already garnered attention and are taking the world by storm. The […]
GM exploring electric boats, buys 25% stake in engine maker Pure Watercraft – EQ Mag Pro
General Motors is testing the water in electric boating by buying a 25 per cent stake in a Seattle company that makes battery-powered outboard motors. The Detroit automaker said Monday that it bought the stake in Pure Watercraft for a venture that it says will develop and commercialise battery electric watercraft. Pure Watercraft, founded in […]
Electric Truckmaker Nikola Buys $50 Million Stake In Indiana Hydrogen Plant
Nikola Corp., which plans to mass-produce hydrogen-powered electric semi-trucks, said it’s buying a $50 million stake in an Indiana energy project led by Wabash Valley Resources that’s converting an idled coal-fired power plant into a large-scale hydrogen factory. The Phoenix-based startup is getting a 20% stake in the West Terre Haute, Indiana, facility in exchange […]
General Motors Escalates The Electric Vehicle Arms Race
General Motors Co on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits. The No. 1 U.S. automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down […]
General Motors to Boost Spending on Electric Vehicles By 30%, Add 2 New Battery Plant: Sources
As part of that spending, it will build two additional US battery plants and move ahead some of its EV investments, said sources In November, GM upped its spending plans from $20 billion, a figure that was announced in March before the COVID-19 pandemic shut down the auto industry. General Motors Co will boost global […]
Tesla’s China Orders Fall by Nearly Half in May: Report
Tesla Inc’s vehicle orders in China nearly halved in May from April, against the backdrop of increased government scrutiny on the US electric carmaker, the Information reported on Thursday, citing internal data. Tesla Inc’s vehicle orders in China nearly halved in May from April, against the backdrop of increased government scrutiny on the US electric […]
China Tech Giants Bet $19 Billion on Global Electric Car Frenzy
China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport. While Apple Inc. has long had plans for its own […]