Cleantech & EV'sNews

CATL to join Tesla in the surging solar market amid a record year

The world’s largest EV battery maker, CATL, is spearheading a new initiative to develop solar cells, joining Tesla and others in what’s expected to be a record year for the industry. CATL takes on the booming solar market After emerging as the most significant player in the electric vehicle battery market for the sixth straight year, CATL is taking on a new market. According to Bloomberg, CATL…
Read more
Cleantech & EV'sNews

Tesla's new Model 3 Long Range AWD gets 333-mile EPA range

Tesla’s new and reintroduced Model 3 Long Range AWD has received an EPA-estimated range of 333 miles. For almost a year, Tesla stopped selling its Model 3 Long Range AWD in the US. CEO Elon Musk claimed that it was due to demand being too high for the vehicle, which might have been true last year, but it was hard to believe in 2023. Tesla started to retake orders for the vehicle earlier this…
Read more
Cleantech & EV'sNews

Hyundai CEO reveals US EV leases are climbing as buyers take advantage of IRA tax credit

Hyundai has been on a roll in the US as the automaker embraces the industry’s transition to electric vehicles. The automaker says EV leases are climbing as buyers take advantage of the tax credit provided by the Inflation Reduction Act (IRA). After the new IRA guidelines took effect in April, electric models with assembly or battery minerals sourced outside the US or its free trade partners…
Read more
Cleantech & EV'sNews

Hyundai and LG are going to build a $4.3B EV battery plant in the US

South Korea’s Hyundai Motor Group and LG Energy Solution (LGES) just announced that they will build a $4.3 billion EV battery plant in the state of Georgia. The two companies signed a memorandum of understanding in a signing ceremony today at LGES’s headquarters in Seoul. The two companies will 50/50 jointly open their new EV battery plant in Bryan County, south of Savannah. It will be…
Read more