Cleantech & EV'sNews

GM braces for a $5 billion hit as it fights to keep up in China's intensifying EV price war

December 6, 2024
As it struggles to keep up with low-cost rivals like BYD, GM expects to suffer a $5 billion blow to its business in China. The multi-billion hit comes as GM rapidly loses market share in the world’s largest EV market. GM sees $5 billion impact from restructuring in China GM’s Chinese joint venture, SAIC-GM (SGM), a 50-50 partnership with state-owned SAIC Motor, is facing an over $5 billion…
Read more
Cleantech & EV'sNews

Tesla shuts down rumors of Cybertruck coming to China

December 6, 2024
Tesla has shut down rumors that it is bringing its Cybertruck to China anytime soon, as production in the US appears to be throttling down. We reported earlier this week that Tesla has told employees working on the Cybertruck production line at Gigafactory Texas to take a…
Cleantech & EV'sNews

Rad Power Bikes and Upway now let you trade-in other brands for a new Rad e-bike

December 5, 2024
If you’ve been hoping to snag a new Rad Power Bike electric bicycle for a discount – and if you happen to have another older e-bike to trade in – Upway has a deal for you. The electric bicycle marketplace known for selling used and overstock e-bikes at steep discounts has partnered with Rad Power Bikes to turn the brick-and-mortar RadRetail locations into physical trade-in points for older…
Read more
Cleantech & EV'sNews

Tesla jumped the gun, Nissan drivers will have to wait a bit for Supercharger access

November 26, 2024
It sounds like Tesla jumped the gun when announcing that Nissan drivers now have access to the Supercharger network in North America. They will have to wait a bit. Yesterday, we reported that Tesla added Nissan to the list of automakers with EVs capable of using the Supercharger network in North America. However, Tesla has since removed Nissan from its list of automakers with access and switched…
Read more
Cleantech & EV'sNews

Northvolt files for bankruptcy, CEO quits

November 26, 2024
Europe’s “green dream” Northvolt has filed for bankruptcy protection in the US after a rescue package failed to go through, leaving the battery maker with just one week’s worth of cash in the account. Cofounder and CEO Peter Carlsson, who spearheaded a costly…
Cleantech & EV'sNews

Ford is cutting another 4,000 jobs in Europe as it loses ground in the global EV race

November 22, 2024
Ford is slashing another 4,000 jobs in Europe as it struggles to keep pace with the market’s shift to electric vehicles (EVs). The American automaker said a “highly disruptive” EV market and new competition are causing significant losses in the region. Ford’s announcement comes as China’s leading EV maker, BYD, is quickly catching up in global deliveries. Ford is cutting more jobs in…
Read more