Canada Needs $30B for Critical Minerals by 2040
Canada must invest at least $30 billion by 2040 to meet domestic demand for critical minerals essential to its green energy transition, according to a new report from the Canadian Climate Institute.
Ford bets $2B on Kentucky plant for new EV era
From gas heritage to electric future Ford Motor Company is committing nearly $2 billion to transform its Louisville Assembly Plant in Kentucky into a hub for electric vehicle production. After seven decades
U.S. Rare-Earth Magnet Imports from China Surge 660%
Beijing’s Export Curbs Ease Following Trade Framework China’s exports of rare-earth magnets to the U.S. soared in June, climbing 660% month-over-month to reach 353 metric tons, according to customs data. The jump
Tesla Remains a Top AI Bet Despite Q2 Revenue Decline
Morgan Stanley maintains bullish stance with $410 target Despite a year-on-year revenue decline and higher operating costs, Tesla (NASDAQ:TSLA) continues to earn Wall Street’s confidence as an AI-driven growth stock. On July
Volkswagen Cuts Forecasts After $1.5B Tariff Blow
Trade War Hits VW’s Bottom Line Volkswagen reported a €1.3 billion ($1.5 billion) first-half hit from U.S. tariffs, prompting the German automaker to slash its 2025 full-year sales and profit margin forecasts.
GM and LG Upgrade Tennessee Plant for Cheaper EV Batteries
Spring Hill Facility to Produce Cost-Effective LFP Cells Ultium Cells, the joint venture between General Motors and LG Energy Solution, announced plans on Monday to upgrade its battery manufacturing facility in Spring
Competition Heats Up Among China’s Leading EV Makers
Dispute Between BYD and Great Wall Motor Escalates Fierce competition among China’s top electric vehicle (EV) manufacturers has intensified with a growing dispute between BYD and Great Wall Motor over emissions compliance.
Stellantis CEO Antonio Filosa Faces Pressure to Revive U.S. Sales
U.S. dealers of Jeep SUVs and Ram pickup trucks are looking to new Stellantis CEO Antonio Filosa to reverse months of disappointing sales and restore trust in the brand. Filosa, a 51-year-old
Tesla’s European Sales Drop Amid Competition and Issue
Tesla’s sales in Europe plunged significantly in April, with the U.S. electric vehicle maker facing a 49% year-on-year decline despite an overall surge in battery electric car sales. Tesla sold just 7,261
Volvo Cars to Lay Off 3,000 Jobs Amid Restructuring Efforts
Volvo Cars announced plans to cut 3,000 mostly white-collar jobs as part of a restructuring effort aimed at reducing costs and adapting to a slowdown in electric vehicle demand and ongoing trade
BYD Shares Drop After Price Cuts, Investors Concerned
Shares of Chinese electric vehicle (EV) giant BYD plunged as much as 8.25% on Monday, a sharp decline from their record high last week, following the company’s announcement of price cuts on
BYD Surpasses Tesla in European EV Sales
In a significant shift in the European electric vehicle (EV) market, Chinese automaker BYD has overtaken Tesla in sales for the first time. According to a report by JATO Dynamics, BYD sold
GM’s Groundbreaking LMR Battery to Revolutionize EVs
GM to Launch New LMR Battery for Electric Trucks General Motors (GM) has announced its plan to introduce a groundbreaking lithium manganese-rich (LMR) prismatic battery for its electric trucks and SUVs. Targeted