Industry

EV component costs rise

Heightened raw materials costs, supply chain difficulties and shortages of key materials have sent prices for electric vehicle components rising over the last two years. That has delayed the industry’s quest to bring prices of EVs in line with those of gasoline-powered vehicles by at least a couple of years, said Jamie Fox, principal analyst

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Automotive News Congress events in Los Angeles, Detroit cover industry transformation

The auto industry is evolving at a rapid pace and connecting across adjacent businesses more than ever. Our upcoming Automotive News Congress events in Los Angeles and Detroit are perfect opportunities to learn from — and network with — a wide array of top executives and experts leading this transformation. In Los Angeles on Nov.

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Chinese tycoon spent 8 years, $3 billion on EV that hasn’t been built

The image arrived in Susan Swenson‘s inbox on a Wednesday evening. Her corporate headshot had been crudely crossed out in digital red ink, and the word “Kill” was written in the bottom left corner. In the hours that followed, some of her colleagues received similar threats, including messages that referenced the recent assassination of former

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Germany calls for ‘precautionary’ pause in deep-sea mining

Germany has called for a pause in the developing deep-sea mining industry, saying not enough is known about the likely impacts of mining the seabed for battery metals. The world’s fourth-biggest economy joins countries including New Zealand and France in calling for seabed mining exploration to stop until further research is done on environmental effects.

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VW offloads German car-sharing business for EV sales boost

Volkswagen Group is selling its WeShare car-sharing business to German startup Miles Mobility as the automaker retreats from what has largely been an unprofitable industry. Miles will integrate WeShare’s 2,000 VW-branded electric vehicles into its mostly combustion-engine fleet of 9,000 cars, the companies said Tuesday. Miles also ordered 10,000 EVs from the manufacturer, with deliveries

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Natural disasters, severe weather present EV charging challenge

Record heat waves in California and severe hurricanes in Florida point to a weakness in electric vehicle adoption: How do people charge during extreme weather events when power may be lost? It’s not a theoretical question. California leads the nation in EVs. During a record Labor Day heat wave, state officials asked EV owners to

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Silicon EV battery tech gets $250 million in DOE grants

To push U.S. battery development, the Department of Energy awarded $250 million in cost-sharing grants to three companies working to scale silicon technology for faster charging and more energy storage of EV batteries. They include Amprius Technologies Inc., Group14 Technologies Inc. and Sila Nanotechnologies, all focused on silicon-based battery technology. The DOE funding is part

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