Tesla Raises Prices in U.S., China Amid Inflation 

Tesla Factory

This week, Tesla raised the prices on all of their cars currently available in the U.S., while implementing similar hikes on the Model 3 and Model Y in China. These latest hikes are the second increase in prices within the past week.  Officially, Tesla did not give a reason for the price increases. However, on …

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BMW Leads in Automotive Exports for Eighth Year in a Row

bmw

According to new data released by the U.S. Department of Commerce, BMW Manufacturing once again led the nation in automotive exports by value. This marks the eighth year in a row that the company has achieved this milestone.  During 2021, BMW’s U.S. plant in Spartanburg, South Carolina exported 257,876 BMWs with a total export value …

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Honda Joins U.S. Company to Produce EV Batteries

Honda

Japanese carmaker Honda has signed a joint development agreement with Boston-based EV battery company SES Holdings in order to develop new lithium-metal batteries for their electric vehicles. This joint development agreement with SES is part of the overall battery strategy of Honda. Lithium-metal batteries could help Honda develop improved battery tech for its upcoming EVs …

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Honda Still on the Fence About U.S. EV Manufacturing 

Honda

Japanese automaker Honda Motor Co. recently stated that it’s still undecided on where to manufacture EVs in the United States, questioning the country’s demand despite soaring sales numbers from competitors miles ahead in their own electrified transitions. Like many other traditional automakers, Honda’s goal is to have 100% electric sales by 2040, although a huge …

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Toyota Becomes First Foreign Auto Company to Top U.S. Sales

top-selling automaker

2021 was a difficult year for auto manufacturers who struggled to meet demand due to the ongoing global chip shortage and lingering impacts of Covid-19. Despite these issues, Toyota still managed to make history by unseating General Motors as the top-selling automaker in the United States last year, becoming the first manufacturer based outside the …

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Tesla to Recall Over 475,000 Cars in the U.S. 

Tesla recall

The last year was another major one for Tesla, as they saw continued growth and sales while other auto companies experienced delays and other manufacturing problems. However, a new major recall seems set to potentially stump much of the company’s momentum going into 2022. On Thursday, the company announced that it was recalling 356,309 vehicles …

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Ford Plans to Triple Mustang Mach-E Production Capacities by 2023

Chip Shortage 

This past Monday, Ford announced a significant increase in production for its new all-electric Mustang Mach-E. The company’s new goal is to achieve an annual output of more than 200,000 units of the electric car by 2023. That would be nearly 3 times as many as were produced this year. Ford CEO Jim Farley made …

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Hyundai Set to Begin EV Manufacturing in U.S. by 2022

EV Manufacturing

This past May, Hyundai announced their intentions to invest $7.4 billion into electric vehicle (EV) production and development in the U.S. by 2025. Now, the company is taking a major step towards achieving this goal with newly announced production plans. Last week, Hyundai Motor shared its decision to begin U.S. EV manufacturing with its labor …

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Toyota Set to Build First Battery Plant in U.S.

Toyota

As electric vehicles continue to rise in popularity, many auto manufacturers are taking the next steps to produce vehicles here in the U.S. One such company is Toyota, who is now set to build their first battery plant located in the U.S. On Monday, the Japanese automaker announced that they would be building a U.S. …

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Foxtron Reveals Three New EV Prototypes in Bid to Diversify Portfolio

foxtron

With electric vehicles rising in popularity, many tech companies such as Apple have been rumored to be working on their own EV projects in order to break out into the automotive market. Now, it seems they’ll need to contend with competition from one of their closest partners.  Last week Taiwan’s Foxconn, which is currently the …

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