PLANO, Texas–LG Energy Solution and Toyota Motor North America Inc. today announced that they have signed a supply agreement for lithium-ion battery modules to be used in Toyota battery electric vehicles that will be assembled in the United States. Under the contract, LG Energy Solution will supply automotive battery modules at an annual capacity of
TOLEDO - Automakers are pivoting towards a future less dependent on fossil fuels as concerns about climate change and sustainability surge. Long-standing companies such as Jeep are taking steps to re-engineer their most iconic models to fall in line with the shift toward electric vehicles. The historic SUV manufacturer is underway with executing a comprehensive
DETROIT - Shortly after revealing its high-tech next-generation electric vehicle production line in Japan, Toyota has now shared an ambitious plan to boost its EV output to lock horns with its surging American and European rivals. Toyota has informed its major suppliers of a new target of making 600,000 EVs in 2025, a three-fold increase from
NEW YORK - Mercedes-Benz Group AG unveiled an electric vehicle with a longer range than any Tesla Inc. model on the market as the German luxury-car maker intensifies its bid to challenge Elon Musk. The company presented a near-production concept of its CLA sedan rated to go more than 750 kilometers (466 miles) on a single charge, beating Tesla’s refreshed Model
SUPERIOR TWP.–Hyundai Motor North America and Hyundai America Technical Center Inc. have opened a $51.4 million Safety Test and Investigation Laboratory in Superior Township. A ribbon cutting ceremony highlighted the capabilities of the new laboratory that will help enhance the safety of Hyundai vehicles. The STIL is supported by 160 employees and is planned to
SAN FRANCISCO - Tesla may yet again change the game in the world of electric cars with its new $25,000 “mystery model,” expected to be available to the public in the near future. But for now, it’s all speculation, as Tesla remains tight-lipped about the details. Tesla CEO Elon Musk first announced that a $25,000 electric car was on
NEW YORK - Today, more than half of new cars are equipped with one or more radar sensors. These sensors are solid state, cost manufacturers less than US $100 each, and are small enough to be inconspicuously placed around the vehicle. They are used for a variety of things, including automatic emergency braking and adaptive
Tesla Inc.’s latest discounts will newly qualify one of its models for federal subsidies that Elon Musk said years ago the U.S. should scrap. By dropping the starting price of the Model X to $79,990 — a $41,000 reduction from the start of the year — Tesla made the sport utility vehicle eligible for the federal tax credits revamped by the Inflation
STOCKHOLM - Europe’s seven largest commercial truck manufacturers agreed in 2020 to cease producing diesel vehicles within two decades’ time, and have been aggressively working towards meeting that goal ever since. On August 31, one of those companies announced its latest potential tool in the emissions-heavy industry’s transition towards a more sustainable future. Instead of revolutionizing what’s underneath a
TROY - There's been a dramatic decrease in new car pricing over the last six months, led by a sharp decline in EV prices, says Michelle Krebs, Executive Analyst with Cox Automotive, the parent company of Kelly Blue Book and Autotrader. Inventories of new vehicles are up a few hundred thousand unit to around 2
