Biden's Electric Vehicle Push: $174 Billion, 10 Years, and a Little Luck The president aims to make electric cars more affordable in order to turn a niche product into a mainstream product.
A very popular damper specialist is planning to expand its presence in the country of China. The company is investing in some new production capacities in the region of Changzhou.
After a fire broke out in one of its plants on Friday and caused a suspension, Renesas Electronics Corp. announced its automotive microchip production will be lower.
Lucid Motors is all set to launch an electric car soon. The company owned by former Tesla engineer Paul Rawlinson is the latest in the market trying to compete with Tesla.
Musk has admitted that full volume development of Cybertruck will not begin until sometime in 2022. He has called it his futuristic road-legal tank and dubbed it the Tesla Cybertruck.