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The Korean automaker is charging ahead toward a cleaner future. Hyundai just signed the largest renewable energy supply contract in Korea. The massive clean energy supply is enough to fully charge its all-electric IONIQ 5 SUV over 7 million times. On Wednesday, Hyundai Motor Company announced a new renewable energy supply contract with Hyundai Engineering
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Ford is halting F-150 Lightning production in mid-November as the once best-selling electric pickup faces a wave of new competition. The company will stop building models at its Rouge EV center in Michigan for nearly two months. Ford will pause output at its Rouge Electric Vehicle Center amid “slower-than-expected” demand for the all-electric pickup truck.
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An Abu Dhabi-based investment firm has entered a non-binding agreement to buy 100% of McLaren’s automotive business, including a stake in the McLaren Group. The purchase goal is to bring additional capital to McLaren to accelerate its growth in vehicle development, particularly in electric vehicle technologies. If approved, could McLaren become the next supercar developer
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Audi Q8 e-tron production at Brussels plant (Source: Audi AG) Days after Volkswagen announced it was closing three factories in Germany – a first for the company – the carmaker will now officially close its Audi plant in Brussels where it makes the Audi Q8 E-Tron in a few months. The company announced that it
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Tesla has applied for permits to double the size of Gigafactory Texas in Austin as it adds new vehicle production. Tesla loves large factories. Each one of its factories ranks amongst some of the largest buildings on the planet, and they are still growing. Gigafactory Texas already spams over 5 million square feet. Now, The Austin
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With new low-cost Chinese flooding global markets, Ford CEO Jim Farley vows its new mid-size electric pickup is a “game changer.” Ford’s leader took a jab at BYD, vowing the company’s new electric pickup will match the costs of Chinese automakers building in Mexico. In February, Farley revealed Ford had a secret “skunkworks” team developing
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