General Motors (GM) updates pricing and specs for Silverado EV

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Blink (BLNK) will expand NACS adoption to include entire product line

June 28, 2023 10:04 AM EDT

EV charging equipment company, Blink Charging (NASDAQ: BLNK) announced Wednesday that they have expanded their commitment to embrace the Tesla (NASDAQ: TSLA) Standard by incorporating both the North America Charging Standard (NACS) and Combined Charging System (CCS) into Blinks entire state-of-the-art line of charging products.

Earlier this month, the company made an announcement regarding the integration of NACS connections into their latest 240kW DC Fast Charger. However, Blink has gone a step further to ensure the satisfaction of all drivers, regardless of their vehicle model, by... More

Stellantis (STLA) launches new EV charging service, aims to relieve 'charging anxiety'

June 27, 2023 10:30 AM EDT

Franco-American automaker and Jeep parent company, Stellantis (NYSE: STLA) launched 'Charging & Energy' business unit Free2move Charge on Tuesday, with the aim to make it easier to keep electric vehicles on the road and cash in on an expanding range of services around greener... More

Ford (F) to cut at least 1,000 salaried and contract workers

June 27, 2023 10:17 AM EDT

The Wall Street Journal reports Tuesday, citing unnamed sources, that Ford (NYSE: F) plans to lay off at least 1,000 salaried and employees and contract workers in North America in an effort to offset the heavy cost of investing in electric cars.

According to sources,... More

General Motors (GM) signs supply chain deal with Element 25

June 26, 2023 10:55 AM EDT

Australian mining company, Element 25 revealed Monday that they have been chosen to supply manganese sulphate to General Motors (NYSE: GM). Manganese sulphate is an important raw material needed to make batteries for electric vehicles.

According to a news release by GM, Element 25 will supply the Detroit automaker with enough manganese sulfate needed to scale electric vehicle capacity in North America to 1... More

Citi Reiterates Buy Rating on General Motors (GM) Following Bullish Visit

June 23, 2023 7:15 AM EDT

Citi analyst Itay Michaeli reiterated a Buy rating and $85.00 price target on General Motors (NYSE: GM) following a CFO dinner and factory tour.

The analyst commented, "We hosted a visit to GM in Detroit that included a CFO dinner, Factory Zero Tour,... More

General Motors (GM) hires former Google exec Lin-Hua Wu as CCO

June 22, 2023 3:14 PM EDT

General Motors (NYSE: GM) revealed Thursday that the company has appointed former Google (NASDAQ: GOOG) executive, Lin-Hua Wu as senior vice president and chief communications officer. Wu replaces Craig Buchholz, who left the automaker May 1, said... More

Rivian (RIVN) owners poll shows overwhelming support for NACS adoption

June 22, 2023 1:09 PM EDT

American electric vehicle maker Rivian (NASDAQ: RIVN) announced earlier this week that the company will be joining fellow automakers Ford (NYSE: F) and General Motors (NYSE: GM) in adopting Teslas (NASDAQ: TSLA) North American Charging Standard (NACS).

A look at the companys owners forum reveals a strong consensus among owners and enthusiasts of the electric vehicle manufacturer's trucks in... More

Ford (F), SK joint venture to receive $9.2B federal loan for EV battery plants

June 22, 2023 9:56 AM EDT

The U.S. department of energy revealed Thursday their intention to loan up to $9.2 billion in federal funds to a joint venture of Ford Motor (F) and SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky.

The government's Advanced Technology Vehicles Manufacturing (ATVM) loan... More