Tag #Electric Vehicles

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abcnews.go.com

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Mar 27, 01:16

Hyundai Expands Georgia EV Factory, Increasing Production by Two-Thirds

Hyundai celebrated its new $7.6 billion Georgia electric vehicle factory's opening by announcing a two-thirds production capacity increase to 500,000 vehicles yearly, exempt from President Trump's planned auto import tariffs, showcasing a $21 billion US investment.

Hyundai Expands Georgia EV Factory, Increasing Production by Two-Thirds

Hyundai celebrated its new $7.6 billion Georgia electric vehicle factory's opening by announcing a two-thirds production capacity increase to 500,000 vehicles yearly, exempt from President Trump's planned auto import tariffs, showcasing a $21 billion US investment.

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What is the immediate impact of Hyundai's Georgia EV factory expansion on US manufacturing and the EV market?

Hyundai's new $7.6 billion Georgia electric vehicle (EV) factory, opened Wednesday, will expand production capacity by two-thirds to 500,000 vehicles annually. This expansion, coupled with President Trump's announcement of auto import tariffs, highlights the success of Hyundai's US investments and its exemption from these tariffs.

smh.com.au

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Mar 27, 22:11

Trump's Auto Tariffs: Tesla Wins, Others Lose

President Trump's new 25% tariffs on imported vehicles and parts, effective next week, will severely impact major automakers like Hyundai and GM, but benefit Tesla due to its domestic production; consumers will face higher prices and reduced choices.

Trump's Auto Tariffs: Tesla Wins, Others Lose

President Trump's new 25% tariffs on imported vehicles and parts, effective next week, will severely impact major automakers like Hyundai and GM, but benefit Tesla due to its domestic production; consumers will face higher prices and reduced choices.

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What is the immediate impact of the new 25% tariffs on the US automotive industry, and which companies are most affected?

The new 25% tariffs on imported vehicles and parts will significantly impact the US automotive industry, with Tesla being a notable exception due to its domestic manufacturing. Major automakers like Hyundai, Volkswagen, and GM, heavily reliant on imports, face sharply higher costs and reduced competitiveness. Consumers will experience higher prices and less selection.

forbes.com

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Mar 27, 13:17

Tesla Sales Plummet Amidst Surging Chinese Competition

Tesla's sales are plummeting in major markets due to surging Chinese rivals like BYD, which offers cheaper, technologically superior EVs; Tesla's stock has dropped 34% this year, while BYD surpassed Tesla in revenue in 2024 and is poised to become the global EV sales leader in 2025.

Tesla Sales Plummet Amidst Surging Chinese Competition

Tesla's sales are plummeting in major markets due to surging Chinese rivals like BYD, which offers cheaper, technologically superior EVs; Tesla's stock has dropped 34% this year, while BYD surpassed Tesla in revenue in 2024 and is poised to become the global EV sales leader in 2025.

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Climate Action

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How are Chinese EV manufacturers contributing to Tesla's challenges?

The decline in Tesla's sales is linked to the rise of Chinese EV competitors like BYD, which surpassed Tesla in revenue in 2024 and offers significantly cheaper vehicles with superior technology, including a five-minute charging system. This competitive pressure, coupled with negative publicity surrounding Elon Musk, is eroding Tesla's brand image and market share.

npr.org

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Mar 27, 01:16

IRS Opens Retroactive Portal for 2024 EV Tax Credits

The IRS opened a retroactive sales reporting portal for 2024 EV tax credits after many consumers and dealers failed to claim the credit due to a three-day reporting deadline; the portal is open as of March 25, 2024.

IRS Opens Retroactive Portal for 2024 EV Tax Credits

The IRS opened a retroactive sales reporting portal for 2024 EV tax credits after many consumers and dealers failed to claim the credit due to a three-day reporting deadline; the portal is open as of March 25, 2024.

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Reduced Inequality

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What immediate impact does the IRS's retroactive EV tax credit reporting portal have on consumers and dealerships?

The IRS has opened a retroactive reporting portal for 2024 EV tax credit transactions, resolving issues where timely reporting was missed due to the three-day deadline. This allows both consumers and dealers affected by previous reporting failures to claim the credit.

fr.euronews.com

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Mar 26, 01:14

EU Car Sales Dip as Electric Vehicle Market Shifts, Tesla Sales Plummet

New car registrations in the EU fell 3% in the first two months of 2025, with Germany, Italy, and France seeing declines, while Spain saw an 8.4% increase; however, electric vehicle sales surged 28.4%, and Tesla's sales plummeted 49% as Chinese automakers like SAIC and BYD gained significant market ...

EU Car Sales Dip as Electric Vehicle Market Shifts, Tesla Sales Plummet

New car registrations in the EU fell 3% in the first two months of 2025, with Germany, Italy, and France seeing declines, while Spain saw an 8.4% increase; however, electric vehicle sales surged 28.4%, and Tesla's sales plummeted 49% as Chinese automakers like SAIC and BYD gained significant market ...

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Industry, Innovation, and Infrastructure

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What is the overall impact of the changing market dynamics on the European automotive industry?

New car registrations in the EU fell 3% in the first two months of 2025 compared to the same period in 2024, with Germany, Italy, and France showing declines. However, Spain saw an 8.4% increase, and electric vehicle sales surged 28.4%, capturing over 1/7 of the total EU market.

zeit.de

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Mar 26, 16:12

IG Metall Demands High Severance Pay Amid Ford Germany Job Cuts

The IG Metall union in Germany is demanding substantial severance packages—a €200,000 base payment plus additional compensation—for Ford employees facing job cuts, citing the recent withdrawal of insolvency protection by Ford's US parent company as a major concern.

IG Metall Demands High Severance Pay Amid Ford Germany Job Cuts

The IG Metall union in Germany is demanding substantial severance packages—a €200,000 base payment plus additional compensation—for Ford employees facing job cuts, citing the recent withdrawal of insolvency protection by Ford's US parent company as a major concern.

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What are the key demands of IG Metall regarding severance payments in the face of Ford Germany's planned job cuts?

In response to Ford Germany's planned job cuts, the IG Metall union is demanding substantial severance payments. Their proposal includes a €200,000 base payment, plus one-third of an annual salary for each year of employment and €10,000 per child. Additional payments are proposed for employees with disabilities and those whose roles are outsourced.

foxnews.com

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Mar 27, 13:17

U.S. Reliance on Chinese Batteries Poses National Security Risk

The Biden administration's energy policies have increased U.S. reliance on Chinese battery manufacturer CATL, creating national security risks; 35% of CATL's batteries were purchased by U.S. customers, generating zero American jobs and strengthening CCP influence. Alternatives exist in South Korea a...

U.S. Reliance on Chinese Batteries Poses National Security Risk

The Biden administration's energy policies have increased U.S. reliance on Chinese battery manufacturer CATL, creating national security risks; 35% of CATL's batteries were purchased by U.S. customers, generating zero American jobs and strengthening CCP influence. Alternatives exist in South Korea a...

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Affordable and Clean Energy

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What are the economic consequences of the U.S.'s dependence on Chinese battery technology, and what alternative solutions exist?

The over-reliance on Chinese battery technology is a direct consequence of the Biden administration's energy policies. The prioritization of electric vehicles without securing a domestic battery supply chain has led to a dangerous dependence on China, undermining U.S. energy independence and national security. This dependence allows the CCP significant influence over the U.S. energy sector.

kathimerini.gr

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Mar 27, 13:17

Tesla Faces Surge in Attacks Amidst Musk's Political Controversies

Since President Trump's reelection, Tesla showrooms and vehicles have faced a surge in arson, vandalism, and attacks across the US and internationally, fueled by public anger towards owner Elon Musk's political alignment with Trump and business dealings, resulting in multiple investigations and arre...

Tesla Faces Surge in Attacks Amidst Musk's Political Controversies

Since President Trump's reelection, Tesla showrooms and vehicles have faced a surge in arson, vandalism, and attacks across the US and internationally, fueled by public anger towards owner Elon Musk's political alignment with Trump and business dealings, resulting in multiple investigations and arre...

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Peace, Justice, and Strong Institutions

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What are the immediate impacts of the increased violence targeting Tesla showrooms and vehicles in the US and abroad?

Following President Trump's reelection, Tesla showrooms and vehicles across the US and internationally have been targeted in a surge of vandalism and attacks, fueled by public anger towards owner Elon Musk. Incidents range from arson to gunfire, with authorities reporting multiple arrests and investigations underway. The attacks appear connected to Musk's political alignment and business dealings.",

smh.com.au

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Mar 27, 07:15

Chariot Corporation Secures \$2 Million Convertible Note for US and Australian Lithium Projects

Chariot Corporation secured a \$2 million convertible note facility from Obsidian Global to fund its US and Australian lithium projects, prioritizing its Black Mountain Wyoming operation for a rapid, small-scale mine to supply nearby refineries, while also pursuing exploration in Western Australia.

Chariot Corporation Secures \$2 Million Convertible Note for US and Australian Lithium Projects

Chariot Corporation secured a \$2 million convertible note facility from Obsidian Global to fund its US and Australian lithium projects, prioritizing its Black Mountain Wyoming operation for a rapid, small-scale mine to supply nearby refineries, while also pursuing exploration in Western Australia.

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Affordable and Clean Energy

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What is the immediate impact of Chariot Corporation's convertible note deal on its lithium exploration and production plans?

Chariot Corporation secured a convertible note facility of up to \$2 million from Obsidian Global to fund its lithium exploration projects in the US and Australia. An initial \$600,000 has been drawn down, with the potential for an additional \$1.4 million within the next year. This funding will primarily support the Black Mountain project in Wyoming, aiming for a rapid, small-scale lithium mining operation.

forbes.com

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Mar 26, 07:14

BYD Overtakes Tesla in Global EV Sales in 2024

In 2024, BYD surpassed Tesla in global EV sales with 4.27 million vehicles sold, generating $107 billion in revenue, a 29% increase compared to the previous year, while Tesla's deliveries fell by 1.1%.

BYD Overtakes Tesla in Global EV Sales in 2024

In 2024, BYD surpassed Tesla in global EV sales with 4.27 million vehicles sold, generating $107 billion in revenue, a 29% increase compared to the previous year, while Tesla's deliveries fell by 1.1%.

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Affordable and Clean Energy

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What factors contributed to BYD's surpassing of Tesla in global EV sales in 2024?

In 2024, BYD, a Chinese electric vehicle manufacturer, surpassed Tesla in global sales, achieving 4.27 million vehicle sales (a 29% increase year-over-year) and generating 777 billion yuan ($107 billion) in revenue. This success comes despite BYD's absence from the U.S. market, highlighting its strong position in other global markets.

sueddeutsche.de

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Mar 26, 16:12

Ford Germany Job Cuts Spark Union Demand for High Severance Pay

Ford Germany plans to cut 2,900 jobs by 2027, prompting the IG Metall union to demand substantial severance packages, including a €200,000 base payment plus additional compensation, and insolvency protection from Ford's US parent company; social tariff negotiations begin Thursday.

Ford Germany Job Cuts Spark Union Demand for High Severance Pay

Ford Germany plans to cut 2,900 jobs by 2027, prompting the IG Metall union to demand substantial severance packages, including a €200,000 base payment plus additional compensation, and insolvency protection from Ford's US parent company; social tariff negotiations begin Thursday.

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What are the underlying causes of Ford's decision to cut jobs in Cologne, and what role does the US parent company play?

Ford's underperforming electric vehicle sales in Cologne are driving the planned job cuts. The termination of a sponsorship agreement by Ford's US parent company has heightened employee anxieties about job security, prompting the union's demand for comprehensive severance and insolvency protection. The union plans to use strikes to pressure Ford into a deal.

abcnews.go.com

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Mar 26, 19:24

Nissan's New CEO Aims for Faster Decision-Making and Collaborative Culture

Nissan's new CEO, Ivan Espinosa, plans to accelerate decision-making and foster a more collaborative team culture to revitalize the struggling automaker by reducing new car development time, focusing on models that embody the Nissan brand, and leveraging partnerships; he aims to bring new products t...

Nissan's New CEO Aims for Faster Decision-Making and Collaborative Culture

Nissan's new CEO, Ivan Espinosa, plans to accelerate decision-making and foster a more collaborative team culture to revitalize the struggling automaker by reducing new car development time, focusing on models that embody the Nissan brand, and leveraging partnerships; he aims to bring new products t...

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What immediate actions is Nissan's new CEO taking to address the company's financial struggles and declining market share?

Nissan's new CEO, Ivan Espinosa, aims to accelerate decision-making and foster a more collaborative team culture to revitalize the struggling automaker. He plans to reduce new car development time to 37 months and offshoot models to 30 months, a faster pace than the industry norm. This will involve a renewed focus on models that embody Nissan's brand identity and resonate with customers.

Showing 61 to 72 of 718 results