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- Stellantis invests ~$52M to increase Lithium production for EVs June 27, 2022Stellantis made a €50 million (about $52 million) equity investment in Vulcan recently to increase lithium production for EV manufacturing. Vulcan plans to use the investment for expansion drilling in its Upper Rhine Valley Brine Field (URVBF), where it aims to produce lithium hydroxide. Vulcan’s URVBF already produces geothermal energy. It plans to expand to […]Maria Merano
- Tesla cancels Model Y Performance deliveries in Germany over defects June 27, 2022Tesla Model Y Performance (MYP) reservation holders in Germany received notice that their deliveries were canceled or delayed due to defects in some vehicles. Reservation holders from Germany started reporting Model Y Performance cancellations on Saturday, June 25, through the TFF Forum. Model Y Performance delivery cancellations began on Saturday. Tesla is expected to inform […]Maria Merano
- Classic car rally to allow EVs to participate for the first time June 25, 2022The “Bay to Birdwood Run” has announced that starting this year, electric conversion vehicles will be allowed to participate in the rally. In an interview with the Australian Broadcast Center (ABC), event organizer Michael Neal stated that he wanted the first post-pandemic rally to be the biggest one yet. Specifically, Neal wants to attract over […]William Johnson
- Goodwood hosts the introduction of many new EVs June 25, 2022This week, the Goodwood Festival of Speed is happening in West Sussex, England, and many manufacturers are showing off production and concept electric vehicles. The Goodwood Festival of Speed has been an annual event showing off many different cars since 1993. Since its inception, Goodwood has been the chosen location for many manufacturers to reveal […]William Johnson
- Tesla’s self-inscription atop Gigafactory Texas with solar panels continues June 25, 2022Tesla’s self-inscription of its name atop Gigafactory Texas with solar panels continues on. The company has officially started making some serious progress to the letter ‘T’ in the design and is nearing completion just months after the factory started production of Tesla’s electric vehicles. On Thursday, Gigafactory Texas drone operator Jeff Roberts captured images of […]Joey Klender
- Aptera looks to potentially adopt Tesla’s Charging Connector for its vehicles June 25, 2022Via a recent Q&A with Aptera co-CEOs, the company revealed that it would be attempting to use the Tesla J1772 charging connector on their production vehicles. In the most recent Aptera Q&A (via Electrek), a question was raised asking if, while the prototype vehicle was using a Tesla charging connector, that would also be the […]William Johnson
- Cadillac teases the Celestiq’s $300,000 interior June 24, 2022Sources familiar with Cadillac’s Celestiq say that the new hyper-luxury vehicle will be selling for $300,000 and up. This comes shortly after Cadillac released more teaser images of the vehicle’s interior. According to the Wall Street Journal, a source familiar with the Cadillac Celestiq project has stated that the new vehicle would be selling for […]William Johnson
- Ford reportedly eliminates lease-to-buy option on electric vehicles June 24, 2022As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning. Ford says, “you […]Christine Jean-Baptiste
- Polestar goes public and is listed on NASDAQ after SPAC merger June 24, 2022Electric car company Polestar (NASDAQ: PSNY) successfully went public after completing a SPAC merger this morning and is listed on NASDAQ under the ticker PSNY, as of June 24. Polestar called the public listing “another significant milestone for the brand that launched in 2017 and has already become a global electric car company. The early […]Joey Klender
- Tesla’s Q2 outlook prompts price target cut at Credit Suisse June 24, 2022Tesla’s (NASDAQ: TSLA) price target at Credit Suisse has been reduced to $1,000 from $1,125 as the firm, led by research analysts Dan Levy and Trevor Young, cited concerns from the company’s COVID-forced shutdown as a major concern to Q2 delivery numbers. “We expect Tesla 2Q’22 deliveries of 242k vs. sell-side consensus of ~280k, largely […]Joey Klender
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