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Canadian company AK Motor International introduces new EV brand: Maple Majestic

Green Car Congress

Canada-based AK Motor International Corporation, an automotive intellectual property management company, is launching a new electric vehicle brand: Maple Majestic. Arising from AK Motor’s project CANU (Canadian Automotive New Utilities), Maple Majestic is intended to excel in difficult environments.

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Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development

Green Car Congress

Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn).

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Tata Motors records marginal passenger vehicle sales growth in April

Baua Electric

By: HT Auto Desk | Updated on: 01 May 2024, 13:57 PM Tata Motors has witnessed a marginal growth with its passenger vehicle sales last month, while EV sales witnessed a slight decline. Tata Motors witnessed marginal growth in its passenger vehicle sales last month, while EV sales witnessed a slight decline.

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MAHLE combing advantages of SCT and MCT motors in new tech kit; new thermal management module

Green Car Congress

MAHLE presented a new technology kit for electric motors that combines the advantages of its benchmark SCT (Superior Continuous Torque, earlier post ) and MCT (Magnet-free Contactless Transmitter) electric motors. Battery-electric vehicles offer MAHLE a sales potential almost three times higher than vehicles with combustion engines.

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EV sales slowdown in the U.S. may not last long: Bloomberg

Teslarati

Reports of an electric vehicle (EV) sales slowdown this year have been a major focus for many automakers, but new data suggests that the downturn may not last as long as previously expected—and may not be as bad as many thought. In a report on Tuesday, Bloomberg said that Q1 sales data makes the supposed EV slowdown in the U.S.

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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 The company aims for 2 million units in annual EV sales by 2030. trillion (US$85 billion) over the next 10 years, including KRW 35.8

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Scout Motors selects South Carolina for first plant; $2B investment, 200k units per year

Green Car Congress

Scout Motors, the recently formed independent company backed by Volkswagen Group ( earlier post , is establishing its first manufacturing plant near Columbia, South Carolina, where it will build electric next-generation trucks and rugged SUVs harkening back to the iconic Scout vehicles produced from 1960 to 1980. The state is No.