Ford is pausing construction on its $3.5 billion EV battery plant in Marshall, Michigan, with plans to limit spending for the time being.
Ford pauses construction at planned EV battery plant
Ford spokesperson T.R Reid told The Detroit News Monday, “We’re pausing work, and we’re going to limit spending on construction at Marshall until we’re confident about our ability to competitively…
NIO denies fundraising report claiming it’s considering raising $3B from investors
September 25, 2023
Pioneering Chinese EV maker NIO denied a fundraising report Monday that claims that the company is considering raising $3 billion from investors.
The report from Bloomberg stated, “NIO is considering raising around $3 billion from investors,” sourcing people familiar…
The two most common cars traded for Tesla Model 3 might surprise you
September 25, 2023
A new study shows what vehicles buyers are trading in for used electric vehicles, including the Tesla Model 3, which is the most popular used EV in the US.
The top two vehicles tradded for the Model 3 might surprise you.
The study is coming from CarMax, which used it…
Solar and battery storage prices have dropped almost 90% in 10 years
September 25, 2023
The cost of solar power has fallen by 87%, and battery storage by 85% in the past decade, according to a new study – here’s why.
Berlin-based scientific think tank Mercator Research Institute on Global Commons and Climate Change (MCC) has released in the journal Energy Research & Social Science in which the researchers compared the corresponding findings from innovation reports with the…
A new fall sale has gone live on a collection of . With as much as $900 off select models that we’ve walked away impressed by here at Electrek, the savings. There’s also this Greenworks 3000 PSI electric pressure washer at $320 to go alongside Rad Power’s 10% off…
Chevy Silverado EV vs. gas Ford F-150 towing test shows impressive results [Video]
September 25, 2023
The new Chevy Silverado EV is out to “redefine the boundaries” of full-size pickups with impressive power and performance. But how does it stack up against Ford’s classic gas-powered F-150?
Towing is often considered one of the most critical features of a truck. To…
Ukraine has a silent but deadly new weapon in its arsenal: electric combat kayaks
Over a year and a half into a defensive war against a Russian invasion, necessity has forced Ukraine to be extremely creative in the face of the enemy’s larger collection of war materiel.
In the past, that has included electric bicycles custom outfitted with anti-tank middles, and now we’re getting our first…
Ride1Up Prodigy V2 launched as brand's highest-end (but not high-priced) e-bike yet
September 25, 2023
Ride1Up, the San Diego-based electric bike maker known for its high-value electric bike offerings, has just released a new bike that pushes the boundary on what to expect from a budget e-bike company. The newly unveiled Ride1Up Prodigy V2 is set to compete with much…
Tesla considering EV factory in Thailand, reports prime minister after meeting with Elon Musk
September 25, 2023
Tesla is reportedly considering building an electric vehicle factory in Thailand, according to Prime Minister Srettha Thavisin after meeting with Elon Musk.
Last week, Tesla CEO Elon Musk met with Thai Prime Minister Srettha Thavisin to discuss several topics.
Thavisin met…
US grid-scale energy storage installations soared in Q2 2023
September 25, 2023
The US battery energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record.
The grid-scale segment of the industry drove the market with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to Wood Mackenzie and the American Clean Power Association’s (ACP) latest US Energy Storage Monitor report.
The…
