Cleantech & EV’s

Following in Telsa’s footsteps, Volvo has just signed a contract with Italian giga press maker IDRA to install two of its largest presses at a new site in Slovakia. The giga presses – what will likely be a reconfigured version of the same Giga Press 9000 that is making Telsa’s Cybertruck – are the world’s largest, the size of a small house and producing a clamping force of more than…

Swedish EV maker Polestar (PSNY) said it expects to hit the lower end of its 2023 delivery target on Wednesday. Despite the lower expectations, Polestar says new EV launches will drive up demand. Its first electric SUV coupe, the Polestar 4, begins production next week. Polestar lowers 2023 delivery goal Polestar delivered 13,976 vehicles in the third quarter, up 51% year-over-year. However…

Rivian has been one of the few EV makers (or automakers in general) to avoid cutting prices. That trend will likely continue. According to Rivian’s CEO, RJ Scaringe, new orders are driving up the average sales price (ASP) on its vehicles. A day after Rivian easily beat Q3 earnings expectations as several of its peers faltered, Scaringe said average selling prices continue to “trend…

It’s official. The next model from Chrysler will be a purely electric crossover in 2025. Chrysler CEO Christine Fuell confirmed the news of its first EV on Wednesday. Chrysler is moving into a new chapter with its first all-electric model due out in 2025. Chief designer Ralph Gilles previously said Chrysler’s first EV would take the brand in a new direction. Gilles took over as head…