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Fiido D11 Folding Electric Bike
Tesla production numbers hit 6 million EVs in March, while Tesla’s stock took a significant dive in the first quarter of 2024, marking a 29% plunge.
The Hyundai Kia Automotive Group said it will invest $51 billion over three years to ramp up production of its Hyundai EV cars.
In March 2024, Xos, Inc. announced it had closed its acquisition of ElectraMeccanica Vehicles, maker of the three-wheeled, all-electric SOLO.
Canoo’s Oklahoma plant, now a Foreign Trade Zone, promises EV innovation, 1,100 job growth, and economic benefits.
In March 2024, Fisker plans to halt production of its EVs for six weeks after missing an interest payment, causing speculation of imminent bankruptcy.
VW, Scout Motors’ parent company, is bringing back the Scout as an EV. Scout Motors’ factory in South Carolina will create over 4,000 jobs.
U.S. concerns rise as Chinese automakers like BYD Mexico eye Mexico for EV production, potentially disrupting American EV market dynamics.
The first U.S. Hyundai EV plant will be open as soon as this October, allowing the company to qualify for the electric vehicle tax credit in 2024.
The $1.3 billion investment into Toyota’s Kentucky plant prepares it for the production of a three-row battery electric SUV tailored for the U.S. market.
Busting the myth that electric vehicles aren’t environmentally friendly.
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