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GM CEO is ‘disappointed’ in EV production, says affordable models will drive adoption

Electrek

General Motors ( GM ) CEO Mary Barra said she is disappointed in EV production this year due to constraints. Meanwhile, GM’s leader believes new, affordable EVs like the Equinox and Bolt will help drive adoption.

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ASX and Spirit AeroSystems partner to develop affordable eVTOL aircraft for mass production

Green Car Congress

Airspace Experience Technologies ( ASX ), an aviation technology start-up, and Spirit AeroSystems, a global aircraft design and manufacturing company, have signed a memorandum of understanding and a definitive agreement to cooperate on creation of affordable, certified all-electric, vertical take-off and landing (eVTOL) aircraft.

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Toyota starts production of 5th-generation hybrid powertrain in Europe for new Corolla

Green Car Congress

Toyota Motor Europe (TME) has started production of its 5 th -generation hybrid powertrains for the new Corolla. TMMP produces hybrid electric transmissions including the MG1 and MG2 motors, integral electrical components of hybrid transmission. These products will be combined with the new 1.8 liter version.

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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. 305 $51,265 SE Dual Motor AWD 77.4 316 $47,065 SEL Dual Motor AWD 77.4

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Lucid’s mid-size ‘Model Y competitor’ slated for late 2026 production

Teslarati

Lucid Motors held its earnings call for Q1 this week, during which CEO Peter Rawlinson teased a future electric vehicle (EV) expected to take aim at the Tesla Model Y. The company also highlighted its partnership with Aston Martin during the call, as well as discussing its Q1 production and delivery numbers , which were announced last month.

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Hyundai Motor Group to acquire controlling interest in mobile robot firm Boston Dynamics

Green Car Congress

Hyundai Motor Group will acquire a controlling interest in the mobile robot firm Boston Dynamics from Softbank in a deal that values Boston Dynamics at $1.1 The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Hyundai Mobis Co.

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Renault Group takes 21% stake in axial flux e-motor company Whylot

Green Car Congress

Renault Group has acquired a 21% minority stake in Whylot , a company based in the Lot region of France that has developed an innovative axial flux automotive e-motor. Renault Group has previously signed a partnership with Whylot to develop and industrialize on a large scale an axial flux e-motor. Whylot axial flux motor.

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