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Tariffs on imports from Canada and Mexico could add $2,100 for U.S.-assembled vehicles Mexico-made pickup trucks might cost $8,000-$10,000 more Proposed tariffs could also drive up the cost for EVs like $35k Chevy Equinox EV The incoming Trump administration’s proposed 25% tariffs on all imports from Canada and Mexico could hit the Detroit Three automakers hard, raising the prices of not only EVs but also the gasoline pickup trucks that are those automakers’ lifelines, according to recent reporting from Reuters. GM would likely see the biggest impact from these policies, which are steeped in the anti-immigration rhetoric that was a major…

WeRide’s robotaxis begin to be available on Uber’s platform in Abu Dhabi, marking the first time Uber has launched autonomous vehicles outside the US. (Image credit: WeRide) Chinese autonomous driving tech company WeRide (NASDAQ: WRD) has begun offering robotaxi services on Uber Technologies’ (NYSE: UBER) platform in the United Arab Emirates, following a partnership between the two in late September. WeRide’s robotaxis began being available on Uber’s ride-hailing software in the UAE capital of Abu Dhabi, marking the first time Uber has launched autonomous vehicles outside the US and the largest commercially operated robotaxi fleet outside the US and China,…

CDG plans to invest 300 million euros ($280 million) in the first phase of Gotion’s Moroccan project and support its operations. (Image credit: Gotion) Volkswagen-backed Chinese battery giant Gotion High-tech (SHE: 002074) has secured funding for its battery project in Morocco from a financial institution in the North African country. On November 13, Gotion signed a memorandum of understanding with Moroccan investment agency CDG Group, which plans to invest 300 million euros ($280 million) in the first phase of Gotion’s Moroccan project, according to an announcement today. CDG, Morocco’s largest public financial investment institution, will support Gotion’s operations of the…

Zeekr saw its net loss decrease by 37.0 percent in the third quarter, while lower battery pack sales dragged down revenue. Zeekr (NYSE: ZK) saw its net loss narrow significantly in the third quarter, despite a slight decline in revenue, as vehicle deliveries were essentially flat from the previous quarter. The Chinese electric vehicle (EV) maker reported revenue of RMB 18.36 billion ($2.62 billion) in the third quarter, missing analysts’ estimates of RMB 19.71 billion in a Bloomberg survey, according to its unaudited results announced today. That’s up 30.71 percent from the third quarter of 2023 but down 8.39 percent…

Tesla CEO Elon Musk’s political hard right turn hasn’t been great for a car brand historically coveted by climate-conscious coastal liberals. Tons of people simply won’t buy from the electric automaker right now—or maybe ever—because of its close association with Donald Trump’s newest megadonor and the bombastic incoming head of the crypto-inspired Department of Government Efficiency.  Meanwhile, plenty of current Tesla owners are feeling increasingly guilty or embarrassed by their cars. Or, at the very least, they want the world to know that they see their Model 3 or Model Y as just a nice way to get around—and not…

Chines battery supplier CATL could build a plant in the U.S. The decision would hinge on whether Trump’s administration allows the Chinese to enter the market CATL wanted to invest in the U.S. but to date the government’s said no Chinese battery supplier CATL is open to building a U.S. factory if the incoming Trump administration allows it, the company’s founder said in a recent interview. “Originally, when we wanted to invest in the U.S., the U.S. government said no,” Robin Zeng said in an interview with Reuters published Wednesday. “For me, I’m really open-minded.” CATL has so far limited…

Tesla sold 40,485 vehicles in China in October, the lowest since April, as exports from its Shanghai factory rose 72.41 percent from September. Tesla (NASDAQ: TSLA) deliveries in China slipped last month, as exports from its Shanghai plant increased. Tesla China sold 68,280 vehicles in October, including 27,795 exported, data released today by the China Passenger Car Association (CPCA) showed. That means the US electric vehicle (EV) maker sold 40,485 vehicles in China in October, the lowest since April, CnEVPost’s calculations show. That’s up 41.43 percent from 28,626 vehicles in the same period last year, but down 43.93 percent from…

Korean battery giant LG Energy Solution will supply batteries for the upcoming Rivian R2. LGES said the R2 will get a new type of cylindrical cell with six times the capacity of current cells.  The battery blitz in America continues and the newest beneficiary of that is the upcoming Rivian R2. Rivian just inked a battery supply deal with Korean battery giant LG Energy Solution (LGES) for its next-generation R2 model that’s set to launch in the second half of this decade. The Irvine, California-headquartered automaker showcased the R2 electric SUV—which looks like a baby R1S—in March and is now…

Battery manufacturer LG Energy Solution just announced that its Arizona subsidiary has signed a long-term supply agreement with US automaker Rivian for 4695 cylindrical batteries. The cells will be produced at LG Energy Solution Arizona’s new standalone US facility beginning next year and will power Rivian’s upcoming R2 BEVs. LG Energy Solution (LGES) is a spinoff entity of LG Chem specializing in battery development and manufacturing. In the four short years since the entity was founded, the Korean company has established partnerships and supply agreements with OEMs worldwide and is currently one of the leaders in its respective market behind…

Batteries bound for U.S. Rivian R2 models will come from Arizona LG will supply Rivian with 67 gigawatt-hours over five years 4695 format is set to be shared with R3, R3X Next-generation cylindrical battery cells for the Rivian R2 SUV will come from LG Energy Solution and its Arizona plant, the battery supplier and U.S. EV maker confirmed Thursday.  The agreement, LG says, will span five years and total 67 gigawatt-hours in total energy capacity and power R2 models for the North American market. Although LG didn’t note a starting date for supply, the R2 is due to go on…