Electric Avenue

Factorial, a U.S.-based startup that’s working on a more cost-effective way of building solid-state batteries for electric vehicles, is opening a new facility in the Boston suburb of Methuen, Massachusetts today. With backing from names like Mercedes-Benz, Stellantis, and Hyundai Motor Company, the American company developed a proprietary, quasi-solid electrolyte dubbed Factorial Electrolyte System Technology…

NXP in September said automotive demand was “pretty good” across all its markets, including China, which contributes about 30% to the chipmaker’s total revenue. Chipmaker NXP Semiconductors forecast fourth-quarter profit above Wall Street targets on Monday, expecting a resilient automotive market and stable industrial demand to offset weakness in other key markets. To protect its…

It’s no secret that Rivian would eventually charge drivers to quickly chug electrons when plugged in at a Rivian Adventure Network fast charger. The automaker made that clear back in April that it would eventually end free charging at its stations, and even warned owners last month of the impending change. Now, Rivian has officially…

Low-decibel and torquey electric vehicles could be ubiquitous by the end of the decade. Zero emissions vehicles are on track to enjoy a global market share between 62-86 percent by 2030, as per Rocky Mountain Institute’s (RMI) report. Global oil demand for cars is past its peak and will be in freefall by the end…

Ford Motor Company’s third-quarter earnings revealed rising EV losses caused mainly by slowing demand and the EV price war initiated by Tesla at the start of the year. Ford managed to sell 20,962 electric vehicles in Q3, beating General Motors by a slight margin thanks largely to increased Mustang Mach-E production – Mach-E sales rose…

Nissan has just announced that the new 2024 Nissan Leaf will qualify for the $3,750 federal tax credit through December 31, 2023. Previously, despite local production of the Nissan Leaf (as well as its battery cells and battery packs) in Smyrna, Tennessee, the model was not eligible for the federal tax credit of up to…