Arcimoto, the Oregon-based electric vehicle manufacturer known for its three-wheeled vehicles, is facing a series of setbacks that threaten its future. The company has been struggling for the past few years, dealing with: Also: Nissan Invests £2 Billion in UK Plant for Next-Gen Leaf and Electric Future The combination of these challenges paints a concerning … Read more
San Francisco, CA – May 27, 2022 – Lucid Motors, the California-based electric vehicle manufacturer, has recently unveiled its latest electric car, the Lucid Air. This cutting-edge vehicle is poised to take on the luxury electric car market with its advanced technology and sleek design. The Lucid Air is a high-performance electric vehicle that promises … Read more
Cupertino, CA – Today Apple Inc. has officially scrapped its long-rumored electric car project, codenamed Project Titan. The news comes after years of speculation and development, with Apple reportedly investing significant resources into the project. Reasons for Cancellation Several factors likely contributed to Apple’s decision to cancel Project Titan: Apple Reassigns Employees The 2,000 employees … Read more
Lamborghini is taking a wait-and-see approach to electric vehicles, prioritizing gas-powered engines for its high-performance supercars. The company’s CEO, Stephan Winkelmann, believes there’s currently weak demand for electric supercars, citing poor sales figures. This strategy differs from some competitors. Ferrari is reportedly ahead of schedule developing its first electric car, expected for release in late … Read more
Kia Motors Corporation (Kia) today announced a significant surge in global electric vehicle (EV) retail sales for April 2024. The company sold over 17,140 EVs, representing nearly 7% of its total vehicle sales for the month. This news comes despite a slight decrease (0.6%) in Kia’s overall global vehicle sales when compared to April 2023. … Read more
South Korea – Researchers at the Korean Advanced Institute of Science and Technology (KAIST) have developed a new type of sodium battery that can be charged in just a few seconds. This is a significant breakthrough as traditional sodium batteries have suffered from slow charging times. Sodium is a much more abundant element than lithium, … Read more