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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…

Tesla To Recall 199,575 Vehicles

Tesla has issued a recall of 199,575 vehicles due to a software glitch that may prevent the rearview camera from displaying. According to the notice from the National Highway Traffic Safety Administration (NHTSA), the affected vehicles will have a blank display when entering reverse, which may affect the driver’s visibility and increase the risk of…

LG: First EV Charging Facility

LG Electronics Inc. is a multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a subsidiary of LG Corporation. The subsidiary was founded in 1958 as GoldStar. LG has announced the launch of its first Electric Vehicle charging facility in Texas, USA. The new EV Charging facility spans across 100,000 square feet…

VinFast: $2 Billion EV Investment in India

VinFast Auto Ltd. is a multinational automotive company that was founded in 2017 with its headquarters in Haiphong, Vietnam. VinFast is a subsidiary of the largest conglomerate in Vietnam called Vingroup. Vingroup Joint Stock Company was originally founded in Ukraine as Technocom, with a specialization in dried foods like instant noodles, until the early 2000s…

Tesla Recalls 1,610,105 Vehicles

Tesla has issued a recall of over 1.6 million vehicles in China over the assisted driving feature and door-locking systems. According to the Chinese State Administration for Market Regulation (SAMR), certain models experience issues with the autosteer feature as well as the door-locking system. The models affected include: Imported Models S and X (7,538 units)…

Samsung & Hyundai Partnership

Samsung and Hyundai recently announced a new partnership that aims to equip Hyundai and Kia electric vehicles with the SmartThings technology that Samsung offers in smart homes. The technology will offer car-to-home and home-to-car connected services which include remote control in both directions for a variety of smart management systems. According to Samsung, customers will…

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