DETROIT - Really? The average price for a new vehicle is now a record $48,000, says Michelle Krebs, Director of Automotive Relations for AutoTrader Group, parent of AutoTrader.com and KBB.com. Based in Detroit, she provides analysis and insights on the auto industry using AutoTrader's trove of consumer and industry data. You can shop for a
DETROIT - LG will acquire South Korean EV battery charger developer AppleMango, the conpany announced. LG will create "fully-featured" charging stations with a user-friendly interface and real-time control and management on which LG will be able to leverage its "sturdy, dust- and water-proof" outdoor digital display tech. LG is well-established in electric mobility, developing batteries,
NEW YORK -Turkey announced last week it discovered a massive rare earth reserve almost as big as the world's largest in China. The find is reportedly so large that it could on its own satisfy global demand for decades. According to the Turkish Ministry of Energy and Natural Resources, the country found a supply of 694
DEARBORN - Ford has just ended the option given to Ford electric vehicle customers to buy out the car at the end of the lease. Ford customers who had a lease before June 15 are not affected. This means that they will still have the option to buy out the car at lease end. The
SAN DIEGO - California startup Aptera has purchased a factory for its solar cars — and instead of rolling down an assembly line, the vehicles will be carried from station to station by autonomous robots. The vehicle is lightweight, with an aerodynamic body and just three wheels. Those design decisions alone make it incredibly energy efficient,
BEIJING, China - When it comes to fun and wacky electric vehicles, the undisputed titans of the industry are those wild EV engineers that must surely be keeping Alibaba in business. Despite a global supply chain crunch, there’s no shortage of fun and fascinating options in the endless EV pages on the site. This week’s
DETROIT - The third generation of CATL’s cell-to-pack (CTP) technology offers a range of over 621 miles (1000 km) on a single charge. CATL will start mass production of its latest generation product, Qilin, next year, the company announced. Qilin, named after a legendary creature in Chinese mythology, also offers a record-breaking volume utilization efficiency of
DETROIT - With gas prices going through the roof and showing no signs of slowing down, we’re seeing more people debate the switch to an EV or hybrid vehicle. If you’re on the fence about going electric and are wondering, “is it cheaper to charge an EV than filling a car with gas?” you’re not alone. If
SWEDEN - Swedish auto-manufacturer Volvo Trucks has started testing long-haul trucks powered by hydrogen fuel cells that only emit water vapor, the company announced this week. The trucks will be able to tow 65 tons, travel around 1000 km (620 miles) and fuel up in less than 15 minutes, the company said. They hope to begin selling the trucks
ANN ARBOR - FLO announced it will build an electric vehicle charger manufacturing plant in Auburn Hills, a $3 million investment that is expected to create 133 direct, indirect, and induced jobs in Michigan in 2023 as a result of the manufacturing facility activities. That breaks down to 125 jobs created from operations and maintenance
