South Korea's SK On has raised about 2 trillion won ($1.51 billion) from private equity firms, pushing the electric vehicle (EV) battery maker's valuation to around 20 trillion won as it works to expand production abroad, local media reported on Thursday.
U.S. auto safety regulators will extend a deadline for public input on General Motors and Ford Motor petitions seeking to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals.
U.S. auto safety regulators will extend a deadline for public input on General Motors and Ford Motor petitions seeking to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals.
U.S. President Biden has signed the sweeping climate change bill into law. The bill — also called the Inflation Reduction Act (IRA) — is the boldest climate legislation in U.S. history. The landmark bill seeks to allot around $370 billion toward clean energy initiatives t
Korea’s SK Inc has invested $100 million in North Carolina startup Atom Power, which aims to upgrade the electric vehicle (EV) charging experience in the United States with new hardware and software, the companies said Thursday.
You may not have realized it, but Monday, August 15 marked one of the most important days of the quarter. It was the official Form 13F filing deadline with the Securities and Exchange Commission (SEC) for fund managers with over $100 million in assets under management.
General Motors stock has rallied by almost 20% over the last month (about 21 trading days) and also remains up by about 5% over the last week. This compares to the broader S&P 500 which was up by about 11% over the last month. There are a couple of factors driving the recent
In a path-breaking development, automakers Ford Motor Co. F, General Motors GM, and Bayerische Motoren Werke BAMXF, which is commonly referred to as BMW, announced a new managed EV charging pilot program in partnership with SMUD, the sixth-largest not-for-profit electric
General Motors GM recently announced its decision to recall more than 484,000 large SUVs in the United States to fix a malfunction in the seat belts. The problem pertains to the third-row seat belts that might fail to protect occupants during a crash.In a report, the auto
Tesla Inc Chief Executive Elon Musk said on Tuesday that he backs moderate Republicans as well as moderate Democrats, just three months after announcing that he would vote for Republicans.
The automobile sector came up with mixed results this reporting season. All of the S&P automobile companies reported this earnings season. About 87.5% of companies beat on earnings while 62.5% surpassed on revenues. Moreover, earnings rose 37.2% year over year while r
Ford's (US:F) growing new electric vehicle focus attracted car buyers and stock traders in recent months after posting stronger than expected sales, positive analyst comments and further revelations about its EV strategy.
China Association of Automobile Manufacturers (CAAM) released vehicle sales data for July. Vehicle sales in China rose 29.7% year over year to 2.42 million units, extending June’s recovery on the back of relaxation of COVID-induced curbs as well as stimulus packages offer
The worldwide cry for clean energy and carbon-emission reduction has made lithium a hot commodity. Demand for lithium is only likely to grow, perhaps eventually making it more valuable than the precious metals.
U.S. President Joe Biden will sign legislation on Tuesday that will eliminate electric vehicle tax credits for most models currently getting up to $7,500 effective.
Encrypted messaging service Signal said the phone numbers of 1,900 users could have been revealed in a phishing attack on Twilio Inc, its verification services provider, earlier this month.
On August 7, the U.S. Senate passed the Inflation Reduction Act, authorizing $740 billion in spending. Days later, the legislation passed the House of Representatives as well -- and it is now on its way to President Joe Biden to sign.
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