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Chinese Firms Eye Morocco to Cash In on US EV Subsidies

TANGIERS, Morocco — After the U.S. passed subsidies designed to boost domestic EV production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in Morocco.

July 3, 2024

Polestar Plans Cuts as EV Tariffs Deepen Loss

Polestar Automotive Holding UK Plc is making more cost cuts after losses deepened in the first quarter as tariff barriers grow and price pressures increase for electric vehicle makers.

July 2, 2024

Northvolt Might Slow Battery Projects Due to EV Slump

Northvolt AB may slow its battery projects, the latest in a line of industry reassessments after the transition to electric cars cooled.

July 2, 2024

Biden Provides $504 Million to Support 12 Technology Hubs

WASHINGTON — The Biden administration said July 2 that it was providing $504 million in implementation grants for a dozen technology hubs nationwide.

July 2, 2024

Tesla Sales Fall for Second Straight Quarter

DETROIT — Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products.

July 2, 2024

Securing Legacy Maintenance Software

Outdated fleet software puts your company at risk of cyberattacks. One breach can cripple operations and finances. Download the National Motor Freight Traffic Association Inc.’s (NMFTA)™ whitepaper to learn about new threats, vulnerabilities, and solutions for securing your legacy systems.

July 1, 2024

Renault Vows to Lower EV Battery Costs 20% With New Process

Renault SA pledged to reduce its battery costs by around 20%, in a bid to remain competitive by adopting a cheaper cell chemistry and new production processes for electric vehicle components.

July 1, 2024

CDK: ‘Substantially All’ Car Dealerships Restored After Hack

CDK Global said “substantially all” the dealerships it serves that were disrupted by a hack have seen their management systems come back online.

July 1, 2024

Perspective: Autonomous Trucking Is Not a Race

How will self-driving trucks win the trust of the millions of Americans driving their own vehicles alongside them?

July 1, 2024