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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

The South Korean automaker attributes its success to diverse offerings, including electric vehicles, plug-in hybrids, and gas-powered cars. As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. Meanwhile, the German automaker reported an operating profit of $4.94

Hyundai 68
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Tesla requests tariff waiver for graphite amid rising demand for EV batteries

Teslarati

Tesla recently filed three public comments to support the idea of waivers for tariffs on graphite, a key component for its electric vehicles’ lithium-ion batteries. Tesla stands as one of hundreds of auto industry players currently asking the US Trade Representative for extended tariff waivers on components imported from China.

Batteries 145
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The Tesla Cybertruck’s most formidable rival gets a bullish battery supply update

Teslarati

According to LG Chem, SK Innovation’s alleged theft enabled the company to receive billions of dollars worth of contracts from several automakers, including Volkswagen and Ford, for high-profile vehicles like the Ford F-150 Electric.

Supplies 145
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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

The recently passed Inflation Reduction Act (IRA) is arguably the most significant piece of climate legislation the United States has ever seen, including significant investments in clean energy and consumer incentives to accelerate electric vehicle (EV) adoption. Impacts on the electric vehicle ecosystem.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

The impact of EVs on auto manufacturing and supplier jobs is harder to assess. Electric vehicles require new or re-tooled factories , each requiring thousands of employees. employees engaged in motor vehicle parts manufacturing, about one-quarter—nearly 150,000—make components for internal combustion powertrains.”.

Market 98
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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and auto industries. Production of manganese oxide cathode / graphite lithium-ion batteries for hybrid and electric vehicles.

Grant 317
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The EV Transition Explained

Cars That Think

But when you pop the Lightning’s hood, you find the internal combustion engine has gone missing. front trunk (“frunk”), while concealed beneath is the new skateboard frame with its dual electric motors (one for each axle) and a big 98 kWh standard (and 131 kWh extended range) battery pack. In its place is a. Chris Paredis.

F-150 108