BYD, the Chinese automotive company that specializes in designing and manufacturing electric vehicles, has opened an electric vehicle factory in Thailand, its first in Southeast Asia. According to reports, the facility is worth $490 million USD and will be able to produce 150,000 vehicles annually. It will also assemble batteries and other important parts, and…
The First All-Electric Ferrari
Ferrari S.p.A., popularly known as Ferrari, is an Italian luxury sports car manufacturer headquartered in Maranello, Italy. It was founded in 1939, the company specializes in high-performance, innovative luxury vehicles. According to reports, the Italian sports car manufacturer has revealed its plans to produce an all-electric vehicle in late 2025, with a starting price of…
Audi: $1 Billion Electric Vehicle Investment In Mexico
Audi AG is a German automotive manufacturer of luxury vehicles and a subsidiary of the Volkswagen Group. It was founded in 1969 and is headquartered in Ingolstadt, Bavaria, Germany. According to reports, Audi has announced plans to invest $1 billion USD in the Mexican state of Puebla. This investment aims to turn Puebla into a…
Fisker Recalls 11,201 Vehicles
Fisker Inc. is an American automotive company that designs and manufactures electric vehicles. It was founded in 2016 and is headquartered in California. According to reports, Fisker has issued 2 recalls for a total of 11,201 vehicles in the U.S., Canada, and Europe. The report mentions that the current Motor Control Unit and Vehicle Control…
The First All-Electric Jeep
Jeep is an American automobile brand, currently owned by the multinational corporation Stellantis. It was established in 1945 with its headquarters in Toledo, Ohio. According to reports, Jeep has unveiled its first fully electric SUV, the Jeep Wagoneer S. The electric SUV is equipped with dual electric motors and can generate 600 horsepower and 617…
Stellantis to Layoff 400
Stellantis N.V., the multinational automotive company, has announced plans to lay off about 400 employees in the engineering, technology, and software division in the US as part of a restructuring initiative aimed at reducing costs as the company transitions from combustion engines to electric vehicles. The report further mentions that Stellantis plans to launch 18…
BYD Auto: The 1,300 Horsepower EV
BYD Auto is an automotive company that specializes in the design and manufacture of electric vehicles. It was founded in 2003, with its headquarters in Guangdong, China. It is a subsidiary of BYD Company Limited, a multinational conglomerate that was founded in 1995. BYD Auto currently boasts of selling more EV’s than Tesla as of…
Scout Motors: $2 Billion EV Facility
Scout Motors Inc. is an automotive company founded in 2022 to produce off-road electric vehicles. The company is headquartered in Virginia, USA, and operates under its parent company, Navistar International. In 2021, Navistar became a subsidiary of Traton Group, therefore making the company part of the German Volkswagen Group. According to reports, Scout Motors has…
Tesla Welcomes Stellantis To EV Superchargers
Stellantis N.V. is a multinational automotive company founded in 2021 through a merger of Fiat Chrysler Automobiles (FCA) and PSA Group. It is headquartered in Amsterdam, Netherlands. As of 2022, Stellantis was the world’s fourth-largest automaker by sales. The company manufactures and distributes vehicles under its subsidiaries including Maserati, Jeep, Peugeot, Ram, Alfa Romero, Abarth,…
Toyota: $1.3 Billion EV Investment
Toyota will be investing an additional $1.3 billion USD to manufacture a new 3-row battery electric SUV for the US market. This investment by the Japanese multinational automotive corporation at the manufacturing facility in Kentucky will bring the total funding received by the plant to about $10 billion USD. As reported by Toyota, this new…