electric

Automaker Stellantis will halt operations at the Belvidere, Illinois plant, which employs 1,350 people and builds Jeep Cherokee SUVs, citing rising costs to produce electric vehicles

Jeep lays off 1,350 workers at Illinois plant over rising costs to produce electric vehicles

Hundreds of workers are expected to be laid off when automaker Stellantis closes an assembly plant in northern Illinois early next year, citing the challenge of rising costs of producing electric vehicles. The company, which employs about 1,350 workers at the Belvidere, Illinois plant, said the action would result in indefinite layoffs and it may …

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Electric school buses offer kids a cleaner, but more expensive, route to class

Electric school buses offer kids a cleaner, but more expensive, route to class

BEVERLY, Mass. “It’s a gray November morning, and we’re on a long yellow school bus. The bus bounces around the patched streets of this Boston suburb in a way that would be familiar to anyone who has ever taken the bus to class. But the bus is quiet – and not just because there are …

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SK and Hyundai plan electric vehicle battery factory in Georgia, 3,500 jobs

“Hyundai Motor Group and SK On are valued partners and key players in our state’s growing automotive industry,” Kemp said in the statement. A Hyundai representative did not immediately return a message seeking comment. A spokesperson for SK On said the two companies are still reviewing options and discussing details of their cooperation and more …

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Tesla still dominant, but its market share in the United States is eroding as cheaper electric vehicles arrive

Tesla still dominant, but its market share in the United States is eroding as cheaper electric vehicles arrive

You’re here is still the best-selling electric vehicle brand in the United States, but its dominance is eroding as competitors offer a growing number of more affordable models, according to a report released Tuesday by S&P Global Mobility. The data company found that Tesla’s market share of new U.S.-registered electric vehicles was 65% in the …

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Exclusive: Tesla plans to export Chinese-made electric vehicles to US sources

Exclusive: Tesla plans to export Chinese-made electric vehicles to US sources

SHANGHAI, Nov 11 (Reuters) – Tesla (TSLA.O) is considering exporting Chinese-made electric cars to the United States, two people with knowledge of the planning told Reuters, a reversal that would reflect the growing cost advantage automaker at its Shanghai plant and slowing demand from Chinese consumers. Tesla has been investigating whether parts made by its …

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