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☆ A key test for EV sales and the adoption curve is coming
▼ + stars: | 2023-07-30 | by ( Tim Mullaney | ) www.cnbc.com time to read: +10 min

The company says it will reach 400,000 cumulative units of EV production by early 2024 and that its EV business will reach profitability by 2025. "They have dozens of EV models over the next two to three years. watch nowAmong analysts who believe the stock is due for a bigger drop, expected EV sales disappointment is among the factors. But GM's EV plans come as Ford announced it is slowing down its plans to expand EV production to a 600,000 annual rate. "This will be the first year U.S. EV sales reach 1 million," Downey said.

Persons: Scott Mlyn, Brian Downey, Autotrader, Ford, Dan Ives, It's, they'll, Morgan Stanley, Adam Jonas, Mary Barra, Adam Jones, Colin Langan, Garrett Nelson, Chad Lyons, Lyons, Katie Minter, Rebecca Cook, Reuters Paul Jacobson, Jacobson, Ives, Downey, Tesla, Barra, they're, they've, Cox, Goodcarbadcar.net . Ford Organizations: Silverado, New York Auto Show, CNBC, General Motors, Cox Automotive, Kia, Porsche, Hyundai, Chevrolet Silverado, Wedbush Securities, Investors, GM, United Auto Workers union, Wall Street, Deutsche Bank, GMC Hummer EV, Chevy Silverado, GMC Sierra EV, Chevy Blazer, GMC, Blazers, Jaguar, Audi, North American, Reuters, EV, Cox, Ford's, Ford, Goodcarbadcar.net, Volkswagen, BMW – Locations: Detroit, Detroit , Michigan, U.S

☆ Why you should still consider a Tesla despite all the new competition, according to one of YouTube's most popular car reviewers
▼ + stars: | 2023-07-27 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

The Tesla Model 3 and Y are some of his top picks, even though tons of new rivals have hit the map. Despite intensifying competition from big-name brands, Elon Musk's carmaker still makes some of the best electric vehicles out there, according to one of the internet's biggest car reviewers. Doug DeMuro, whose YouTube channel has racked up 4.7 million subscribers, told Insider that Tesla's Model 3 and Model Y are some of his go-to recommendations for EV-curious car buyers. The Model 3 sedan offers up to 333 miles of range, per the EPA, while the Model Y SUV provides up to 330 miles. It's $40,240 for the Model Y.

Persons: Doug DeMuro chatted, Tesla, Elon Musk's carmaker, Doug DeMuro, DeMuro, They're, Kelley, Kia EV6 Organizations: Tesla, Morning, Elon, EV, Hyundai, Ford

☆ Global automakers scramble to reset China strategies as sales slow
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +6 min

Global automakers, who for years have dominated the market along with their Chinese state-run partners, have been slow to pivot to the fast-growing market for EVs with competitive offerings. "This major collaboration between Volkswagen and Xpeng is a milestone for our electrification strategy 'in China for China'," said Ralf Brandstatter, a VW board member on his social media account. Their deeper pockets give established foreign automakers who are determined to fight for share in China, the ability to play a long game. Kia (000270.KS) is to enter China's EV market with its first EV, the EV6 crossover, via imports in August. "The German brands benefit from significant global scale," said He Lei, CEO of Chinese EV trading platform xChuxing.

Persons: Aly, Yale Zhang, Ralf Brandstatter, We've, Mary Barra, Tu Le, Yang Honghai, Kia, Mercedes Benz, Volkswagen's Audi, Lei, It's, Bill Russo, Automobility, Zhang Yan, Brenda Goh, Kevin Krolicki Organizations: Audi, Volkswagen, Auto, REUTERS, General Motors, Toyota, China Association of Automobile Manufacturers, Global, BMW, Mitsubishi, Automotive Foresight, GM, Reuters Graphics Volkswagen, BYD, China's Xpeng, HK, SAIC, VW, Buick, Chevrolet, Cadillac, CHINA EV INC, Tesla, China EV Inc, Volkswagen's, EV, Mitsubishi Motors, Nissan, Ford, Renault, Thomson Locations: Auto Shanghai, Shanghai, China, SHANGHAI, CHINA, Kia China, KS

☆ Electric cars aren’t just for the wealthy anymore
▼ + stars: | 2023-07-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Thanks to a combination of new models, more production and new tax laws, electric vehicles are no longer just for the wealthy. Currently the “days supply” of electric vehicles – a measure of the number units on dealer lots relative to how quickly they sell – is now twice that of new vehicles overall. The biggest bargain among electric vehicles currently, whether you lease or buy, happens to be one that’s going away soon. A Chevrolet Bolt EV sits parked at a charging station at Stewart Chevrolet on April 25, 2023 in Colma, California. For almost $10,000 less, in terms of sticker price, Hyundai offers the soon-to-be redesigned Kona Electric.

Persons: Kia, Erik Pendzich, it’s, Mark Luxcombe, Wolters, “ There’s, ” Luxcombe, Brian Moody, Moody, ”, Stewart, Justin Sullivan, Kia EV6, Josh Lefkowitz, Tony Quiroga, Bing Guan, Quiroga, Chevrolet Bolt Organizations: CNN, General Motors, Ford, Hyundai, Kia, Volkswagen, GT, New York, Wolters Kluwer, Cox Automotive, Chevrolet Bolt, Stewart Chevrolet, GM, Angeles, Kona, EV, Chevrolet Locations: America, Colma , California, Los Angeles , California

Tesla, which accounted for more than 60% of U.S. EV sales last year, has the largest network of fast-chargers with almost 18,000 Superchargers. Tesla said earlier this year it would open part of that charging network to EVs from rivals in order to be eligible for a share of funding from $7.5 billion in federal subsidies. The new charging company will support both charging standards but will compete with Tesla's network. CEOs of the seven auto brands said a charging network built out like gas stations with restrooms, food service and retail operations would support a faster EV rollout. Automakers, however, lack the necessary electricians or experience working with retailers, said Andres Pinter, co-CEO at installation and maintenance company Bullet EV Charging Solutions.

Persons: Tesla, Mercedes Benz, Akshay Singh, Karine Jean, Pierre said, Biden, TESLA, Carlos Tavares, Steve Marcus, –, Andres Pinter, Andre Barlow, Doyle Barlow, Mazard, Abhirup Roy, Jarrett renshaw, Kevin Krolicki, Ben Klayman, Paul Lienert, Diane Bartz, Chizu Nomiyama, Bernadette Baum, Marguerita Choy Organizations: General Motors, Hyundai Motor, Kia, Honda, BMW, EV, Tesla, Industry, White House, U.S, REUTERS, GM, Hyundai, BMW –, American, Solutions, VW, Daimler, Ford, Justice, Justice Department, White, Thomson Locations: U.S, North America, Las Vegas , Nevada, America, Europe, San Francisco, Washington

[1/2] A Hyundai Kona vehicle is unveiled at the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. PERFORMANCEHyundai said vehicle sales rose 8.5% to 1.06 million units in the second quarter, with EV sales soaring 47% to nearly 78,000 units. In the United States, Hyundai's biggest market, sales of green energy cars that include EVs and plug-in hybrids more than doubled to 46,000 units. Overall vehicle sales in the U.S. grew 14% to 225,000 units, led by sedans, while in South Korea, its second-biggest market, sales rose 13% to 206,000 units. Hyundai said last month it planned to boost EV production in the United States to three-quarters of its total production there by 2030 from just 0.7% now.

Persons: Andrew Kelly, Elon Musk, Kim Jinwoo, Zayong Koo, Refinitiv SmartEstimate, 1,279.1700, Heekyong Yang, Miyoung Kim, Jacqueline Wong Organizations: Hyundai, New York, REUTERS, Kia Corp, Korea Investment & Securities, EV, Thomson Locations: Manhattan , New York City, U.S, SEOUL, KS, United States, North America, South Korea

☆ Seven major automakers, including GM and
▼ + stars: | 2023-07-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Seven major automakers are coming together to create a joint venture that will build out a large electric vehicle fast-charging network in the North America, in an attempt to make electric vehicles more attractive to consumers. The first of the new charging stations will open next summer, the companies announced, first in the US and, later, in Canada. Vehicles made by other manufacturers, not just these seven, will be able to charge at these stations, as well. The new joint venture will rely on funds from the automakers as well as using grants offered by the federal government to build new EV chargers. There are currently about 35,000 NACS and CCS chargers in the US, but many more will be needed as the number of electric vehicles increases in coming years.

Persons: “, Mary Barra, Brian Moody, Biden Organizations: CNN, Seven, Motors, BMW Group, Honda, Hyundai, Kia, Benz, GM, Cox, Vehicles, Mercedes, US Department of Energy, National Renewable Energy Laboratory Locations: North America, United States, Canada

☆ In challenge to Tesla, major automakers launch EV charging network
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +3 min

July 26 (Reuters) - A group of major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the United States in a challenge to Tesla and a bid to take advantage of Biden administration subsidies. Tesla (TSLA.O), which accounted for more than 60% of U.S. EV sales last year, has the largest current network of fast-chargers with almost 18,000 Superchargers in the United States. The new charging company will support both CCS and the Tesla standard. “A strong charging network should be available for all – under the same conditions – and be built together with a win-win spirit,” Stellantis CEO Carlos Tavares said in a statement. The new company would compete against established EV charging companies, including Volkswagen's (VOWG_p.DE) Electrify America, ChargePoint (CHPT.N) and EVGo (EVGO.O), which are also looking to accelerate the rollout of chargers with federal funding.

Persons: Tesla, Mercedes Benz, Tesla’s, –, ”, Carlos Tavares, Biden, Kevin Krolicki, Ben Klayman, Chizu Organizations: General Motors, Hyundai Motor, Kia, Honda, BMW, EV, Tesla, U.S, Hyundai, BMW –, American, CCS, Thomson Locations: United States, U.S, North America, America

☆ Car companies like Honda, BMW, and Hyundai are banding together to build an EV-charging network bigger than Tesla's Supercharger empire
▼ + stars: | 2023-07-26 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

Seven automakers plan to build an electric-vehicle charging network to take on Tesla. Seven car companies are making their own charging network to take on Elon Musk's Tesla Superchargers. Tesla, by comparison, has spent over a decade building out a vast network of charging stations specifically for its owners. And that network, which historically only allowed Tesla owners to plug in, has been a huge driver of Tesla sales. It sounds like the planned charging network aims to mimic some of the things Tesla got right, and add some extra conveniences.

Persons: Tesla, Elon Musk's Tesla Organizations: Tesla, Elon, BMW, General Motors, Honda, Hyundai, Kia, Benz, Fiat, Dodge, EV, Volkswagen, CCS Locations: North America, America, North, Superchargers

☆ G.M. and Other Automakers Will Build 30,000 Electric Vehicle Chargers
▼ + stars: | 2023-07-26 | by ( Jack Ewing | More About Jack Ewing | ) www.nytimes.com time to read: +1 min

Seven major automakers announced a plan on Wednesday to nearly double the number of fast chargers in the United States in an effort to address one of the main reasons that people hesitate to buy electric cars. The carmakers — BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group and Stellantis — will initially invest at least $1 billion in a joint venture that will build 30,000 chargers on major highways and other locations in the United States and Canada. The United States has about 32,000 fast chargers — those that can replenish a drained battery in 10 to 30 minutes. Surveys show that fear about not being able to find a charger is a major reason that car buyers are reluctant to buy electric vehicles. Sales of electric vehicles have risen quickly in the United States, but there are signs that demand is softening.

Persons: Stellantis — Organizations: BMW Group, General Motors, Honda, Hyundai, Kia, Benz Group, United, Ford Locations: United States, Canada

☆ Kuwait to set up new sovereign fund to develop mega projects and local economy
▼ + stars: | 2023-07-16 | by ( Ahmed Hagagy | ) www.reuters.com time to read: +2 min

KUWAIT CITY, July 16 (Reuters) - Kuwait plans to establish a new sovereign fund to develop its local economy, spearhead mega projects, and attract funds from foreign investors and the private sector, according to a government plan seen by Reuters on Sunday. The government has tasked the Ministry of Finance and the Kuwait Investment Authority (KIA) with studying plans for the proposed fund, dubbed Ciyada, Arabic for sovereign, the document says. Ciyada Development Fund will be used to spearhead domestic investments, intended to fuel economic development and diversify Kuwait's economy, the document says. Ciyada would accelerate Kuwait's economic growth, promote transformation and progress in various fields of development, through strategic planning and implementation of major development projects, the document says. Abu Dhabi for instance in 2002 created Mubadala Development Co to diversify the emirate's economy and accelerate development.

Persons: Mubadala, Prince Mohammed Bin Salman's, Ahmed Hagagy, Hadeel Al Sayegh, David Holmes Organizations: KUWAIT CITY, Reuters, Sunday, Ministry of Finance, Kuwait Investment Authority, Ciyada, Kuwait Investment Office, Reserve Fund, Fund, Government, International Petroleum Investment Co, Mubadala, Saudi Arabia's Public Investment Fund, Thomson Locations: KUWAIT, Kuwait, Abu Dhabi

☆ Georgia GOP Gov. Brian Kemp says it's 'humbling' that some people think he'd be 'a good president,' but he remains focused on his current role
▼ + stars: | 2023-07-15 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Kemp said it was "humbling" that his name has been floated as a GOP presidential candidate. Kemp in a recent interview with CBS-affiliate WRBL said that his priority was leading Georgia. "It's humbling that there are people out there that think I would make a good president. However, Kemp left some wiggle room in his comments, even as he previously said he wouldn't seek the White House in 2024. And I just think a Republican president will get the ox out of the ditch, if you will.

Persons: Kemp, WRBL, Brian Kemp —, Donald Trump —, Ron DeSantis, We've, wouldn't, —, Stacey Abrams, Joe Biden Organizations: GOP, CBS, Service, Republicans, Kia, Florida Gov, Trump, House, Democratic, Republican Locations: Georgia, Wall, Silicon, Columbus , Ga, Florida

☆ Kia to invest $200 million in US plant, build EV9 SUV in 2024
▼ + stars: | 2023-07-12 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

July 12 (Reuters) - Kia (000270.KS) said on Wednesday it will invest more than $200 million in its assembly plant in the U.S. state of Georgia to begin production of its electric EV9 SUV next year. The Korean automaker said the company will add about 200 jobs to build the three-row SUV alongside four other models at the West Point, Georgia, plant. It will be the first Kia electric vehicle assembled in North America and comes as automakers are shifting away from gas-powered vehicles. A rising amount of electric vehicle (EV) and battery investments have been made in Georgia. Hyundai separately broke ground in October on a $5.54 billion EV and battery plant in Georgia's Bryan County.

Persons: Brian Kemp, David Shepardson, Jonathan Oatis, Matthew Lewis Organizations: Kia, Hyundai Motor Group, SK, Korean, U.S, Hyundai, SK Innovation, Ford, Georgia, Thomson Locations: KS, U.S ., Georgia, Korean, Point , Georgia, North America, Georgia's Bartow County, Georgia's Bryan County, Commerce , Georgia, Washington

☆ Kia to invest $200 million in Georgia plant, build EV9 SUV in 2024
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: 1 min

July 12 (Reuters) - Kia (000270.KS) said Wednesday it will invest more than $200 million in its assembly plant in the U.S. state of Georgia to begin production of its electric EV9 SUV next year. The Korean automaker said the company will add about 200 jobs to build the three-row SUV alongside four other models at the West Point, Georgia, plant. It will be the first Kia electric vehicle assembled in North America. Assembly in North America is a requirement to be eligible for up to $7,500 in U.S. consumer electric vehicle tax credits under an August 2022 law. Reporting by David Shepardson; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: David Shepardson, Jonathan Oatis Organizations: Kia, North America . Assembly, Thomson Locations: KS, U.S ., Georgia, Korean, Point , Georgia, North America

☆ EV sales: Hyundai overtakes GM, but Tesla's U.S. dominance continues
▼ + stars: | 2023-07-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Meanwhile, Hyundai — including the Kia brand that's owned by the same parent company — increased its EV sales by roughly 11% during that time to 38,457 units. GM, which was second in EV sales through the first quarter, more than quadrupled electric car and truck sales to 36,322 units through June compared with a year earlier. And Volkswagen more than doubled EV sales to 26,538 units sold through June. Scott Mlyn | CNBCGM's EV sales thus far have been disappointing, especially when it comes to new models with the automaker's "Ultium" battery technologies. Correction: GM was second in EV sales through the first quarter of this year.

Persons: Brandon Bell, Tesla, Andrew Frick, hasn't, Elon Musk, Musk, disappoints Hyundai's, Randy Parker, we're, Parker, Scott Mlyn, Cadillac Lyriq, Mary Barra, Barra, It's, —, Phil LeBeau, Lora Kolodny Organizations: Getty, Hyundai Motor, General Motors, Motor Intelligence, Hyundai, Kia, GM, Ford Motor, EV, Ford, U.S, Automotive, Biden, Hyundai Motor America, New York Auto Show, CNBC, GMC Hummer, Cadillac, Chevrolet, Aspen Ideas, Chevrolet Silverado, Detroit Locations: Austin , Texas, U.S, Mexican, Texas, North America, South Korea

☆ Hyundai, Kia and BYD are well positioned to capture the growing EV market, says Macquarie Capital
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHyundai, Kia and BYD are well positioned to capture the growing EV market, says Macquarie CapitalJames Hong of Macquarie Capital said South Korea's Hyundai and Kia, as well as China's BYD, have strong supply chains and the scale to win the competition with late-comers and other incumbents.

Persons: Macquarie Capital James Hong Organizations: Hyundai, Kia, Macquarie Capital, Macquarie Locations: Macquarie Capital

☆ Technology is giving cars more nagging problems than ever
▼ + stars: | 2023-06-23 | by ( Alexa St. John | Tim Levin | ) www.businessinsider.com time to read: +4 min

Auto research firm JD Power assessed dozens of vehicle brands for its latest quality study. The overall quality of new vehicles is deteriorating and nagging problems are on the rise, according to a new study from JD Power. "The basic touch point of door handles is now a percolating problem area as manufacturers attempt to redesign them," JD Power said. JD Power assigned a score to each auto brand based on problems per 100 vehicles, and calculated an industry average of 192 problems per 100 vehicles (PP100), up from 180 in 2022. In terms of vehicles themselves, the Nissan Maxima had the highest initial quality overall, with 106 problems per 100 vehicles, according to teh survey.

Persons: Tesla, Dodge, Frank Hanley, Power, JD Power, Ram, Alfa Romeo, Polestar Organizations: Auto, JD Power, Fiat Chrysler, French PSA Group, Buick, Chevrolet, Volvo, Chrysler, Volkswagen, Nissan, JD, Dodge, Romeo, GMC, Porsche, Kia, Lexus, Maserati, Hyundai, Honda, BMW, Mitsubishi, Toyota, Ford, Benz, Rover, Mazda, Acura, Lincoln

☆ New technologies hurt car quality as EV brands fare poorly, J.D. Power says
▼ + stars: | 2023-06-22 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +3 min

Power's Initial Quality Study released Thursday. "The automotive industry is facing a wide range of quality problems, a phenomenon not seen in the 37-year history of the [Initial Quality Study]," said Frank Hanley, senior director of auto benchmarking at J.D. The 2023 Initial Quality Study found industry-wide problems per 100 vehicles rose by 12 to 192, on average. The top mass-market brands for initial quality were Dodge, Ram and Buick. The company conducts separate surveys to rank brands by long-term dependability, the appeal of their new vehicles' features and car buyers' purchasing experiences across brands.

Persons: Frank Hanley, Tesla, — Dodge, Ram, Alfa Romeo —, Polestar, General Motors, Korea's, Alfa, aren't, Power, It's Organizations: Volvo, Tesla, U.S, General, Chevrolet, GMC, Buick, Cadillac, Ford, Lincoln, Korea's Hyundai, Kia, longtime paragon, Toyota, Porsche Locations: .

The car maker said it plans to spend about 35.8 trillion won on EVs in the period to 2032, targeting the sale of 2 million EV units annually by 2030. To enhance its competitiveness in batteries and develop next-generation batteries, Hyundai Motor plans to invest 9.5 trillion won over the next 10 years, it said in the statement. Hyundai Motor said it plans to introduce competitive lithium-iron-phosphate (LFP) batteries with increased energy density and improved low-temperature efficiency for the first time around 2025. In China, Hyundai Motor said it will halt production at another plant this year following the shutdown of its fifth plant. It also plans to reduce the available model numbers from 13 to eight to focus on SUVs and Genesis luxury brand models.

Persons: 1,280.8200, Hyunsu Yim, Heekyong Yang, Ed Davies, Jacqueline Wong Organizations: Hyundai, Kia Corp, EVs, Hyundai Motor, Thomson Locations: SEOUL, KS, United States, Seoul, China

☆ Hyundai Motor to invest $85.41 bln by 2032 to accelerate EV plans
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: 1 min

SEOUL, June 20 (Reuters) - South Korea's Hyundai Motor Co (005380.KS) plans to invest about 109.4 trillion won ($85.41 billion) in the period through to 2032, the company said on Tuesday, including around 35.8 trillion won allocated for electric vehicles (EVs). Hyundai Motor, which together with affiliate Kia Corp (000270.KS) is among the world's 10 biggest automakers by sales, also said in a statement for the company's investor day that it plans to lift localisation of EV production in the United States, its biggest market, by increasing the share of output from 0.7% to 75% by 2030. The carmaker is targetting the sale of 2 million EV units annually by 2030 and aims to achieve a more than 10% profitability rate for EVs in the same year. ($1 = 1,280.8200 won)Reporting by Hyunsu Yim Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

Persons: 1,280.8200, Hyunsu Yim, Ed Davies Organizations: Hyundai, Kia Corp, Thomson Locations: SEOUL, KS, United States

☆ Mummified heads of Māori ancestors returned to New Zealand from Germany
▼ + stars: | 2023-06-14 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +5 min

CNN —Germany has returned six mummified Māori heads to New Zealand, together with the remains of almost 100 Māori and Moriori ancestors. German institute/Museum of New Zealand Te Papa TongarewaIn Māori culture, the head was considered the most important part of the body. Back in 2016, the Smithsonian Institution returned the remains of 54 indigenous people, including four mummified Māori heads, to Te Papa. The latest repatriation involved the skeletal remains of 95 ancestors of both peoples, together with six mummified tattooed Māori heads. A team carry 20 mummified Māori heads, repatriated from France, during a ceremony at Te Papa on January 27, 2012.

Persons: Hinemoana Baker, Te, Arikirangi Mamaku, Ironside, Reiss Engelhorn, Georg August, Roemer, Te Papa Tongarewa, Marty Melville, —, Arapata, Papa’s Māori, Te Herekiekie, “, Reiss, James Cook, moko, Craig Hawke, ‘, hora, marino, kia whakapapa, tere, ” Organizations: CNN, New Zealand, Smithsonian, New, Smithsonian Institution, Grassi Museum, Linden Museum, Stuttgart State Museum of, Georg August University, Pelizaeus, Museum, Getty, Aotearoa New Locations: Germany, New Zealand, Papa, New, Aotearoa, Chatham, Te Papa, Vienna, Leipzig, Mannheim, Stuttgart, Göttingen, Hildesheim, Museum Wiesbaden, Te, France, AFP, When, Te Papa’s, Aotearoa New Zealand, Engelhorn, Europe, Wellington, Te_Papa

☆ The best car brands of 2023
▼ + stars: | 2023-06-14 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Consumer Reports released a list of top car brands Thursday. Consumer Reports released its list of the top car brands for 2023 on Thursday. Taking the bottom five spots are Mitsubishi, Alfa Romeo, Jaguar, Jeep, and Land Rover, with Land Rover at the very bottom. Consumer Reports ranked brands first by determining a road-test score using braking, handling, comfort, convenience, and fuel economy evaluations. The other domestic brands fell in the bottom-third of the rankings.

Persons: Alfa Romeo, Dodge, Genesis, Tesla Organizations: BMW, Land Rover, Consumer, Subaru, Lexus, Honda, Rover, Consumer Reports, Ford, GM, Fiat Chrysler, French PSA Group, Lincoln, Chrysler, Pacifica, Toyota, Kia, Mazda, Audi, Acura, Buick, Hyundai, Porsche, Dodge, Tesla, Infiniti, Volkswagen, Volvo, Nissan, Chevrolet, Cadillac, Benz, GMC, Mitsubishi, Alfa, Jeep

☆ Tesla's charging deals with GM and Ford have charging rivals scrambling to keep up
▼ + stars: | 2023-06-13 | by ( Graham Rapier | ) www.businessinsider.com time to read: +2 min

Tesla is slowly opening many of its charging stations to vehicles of other automakers. Ford and GM recently said their cars will be able to use Tesla Superchargers. It looks like Tesla's Superchargers are going to win out after all. Tesla's NACS will now compete with two other main charging port types: CCS and CHAdeMO, which companies like Tritium and EVgo also offer. Tesla only recently switched to the name "North American Charging Standard" recently, a move that appears to have paid off.

Persons: Tesla, Ford, Jaan Juurikas, Tesla's NACS, Dan Ives Organizations: Ford, GM, Morning, General Motors, American, Tesla, EV, Hyundai, Kia, Volkswagen, Wedbush Securities Locations: Australian

☆ What EV owners need to know about Tesla's charging partnership with Ford and GM
▼ + stars: | 2023-06-10 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

Tesla's Supercharger Network will open up to Ford and GM EV owners in 2024. As part of their move, both Detroit-area automakers have decided to adopt Tesla's EV charging connector, the plug that links an electric vehicle to a charging station. With GM and Ford joining Tesla's charging system, the rest of the auto industry may be forced to follow suit. At present, two main types of EV charging plugs exist: Tesla's North American Charging Standard and CCS, used by nearly all other automakers. GM and Ford EV owners also win because they will gain access to double the number of chargers that they had before.

Persons: Tesla, Here's, Gary Silberg, you'd, Sam Abuelsamid, Ford, Abuelsamid, Silberg, Stellantis, it's Organizations: Ford, GM EV, General Motors, GM, CCS, EV, KPMG, Associated, Energy Department, Tesla, North America, Guidehouse Insights, Ford EV, Kia, Nissan, Toyota, Hyundai, VW Locations: DETROIT, Detroit, United States, U.S, North America, North, America

June 9 (Reuters) - The White House on Friday said electric-vehicle charging stations using Tesla (TSLA.O) standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well. The statement follows separate announcements by U.S. automakers Ford Motor (F.N) and General Motors (GM.N) that they were adopting the Tesla model of charging, known as the North American Charging Standard (NACS). Tesla shares rose 4.1%. Some of them said on Friday that they would work to adapt to the Tesla standard. [1/2] Tesla charging stations are pictured in a parking lot in Shanghai, China March 13, 2021.

Persons: Biden, Tesla, Robyn Patterson, Patterson, Tesla's, Oleg Logvinov, Aly, Logvinov, Sam Houston, Danni Hewson, AJ Bell, Blink, Jonathan Levy, We've, They've, Asaf Nagler, ChargePoint, Jarrett Renshaw, Abhirup Roy, Hyunjoo Jin, Chavi Mehta, Bhanvi, Sayantani Ghosh, David Gaffen, Peter Henderson, Matthew Lewis Organizations: U.S, Ford Motor, General Motors, American, CCS, Analysts, Ford, GM, EV, Reuters, Volkswagen, Hyundai Motor, Kia, IoTecha, REUTERS, CharIN, Union of Concerned, Tesla, ABB, America, Thomson Locations: United States, Shanghai, China, CharIN North America, Swiss, Philadelphia, San Francisco, Bengaluru

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