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BYD targets Tesla after a year of runaway growth

BYD’s relentless advance to dominate the world’s biggest electric-vehicle market has not been hampered by COVID-19 lockdowns, supply chain woes or power shortages. Now, the Chinese brand has Elon Musk’s Tesla in its sights. The automaker…

Tesla’s China chief may run Texas gigafactory

Elon Musk has tapped a longtime Tesla executive in China who oversaw construction of the Shanghai gigfactory to help run the automaker’s newest plant in Austin, Texas, people familiar with the matter said. Tom Zhu, who joined Tesla in 2014…

EV motor evolution is just beginning

Electric motors spin at far faster speeds than internal combustion engines do, and revolutions per minute will likely increase as the technology improves. Some automotive electric motors reach speeds of 20,000 rpm or more, and that means…

Lease offers deserve more marketing investment

A year and a half of tight dealership inventories and strong consumer demand have let automakers dramatically curtail what they spend marketing their products, allowing those dollars to instead pad their bottom lines and soothe any…

Perfecting the vehicle EV motor is just beginning

Electric motors spin at far faster speeds than internal combustion engines do, and revolutions per minute will likely increase as the technology improves. Some automotive electric motors reach speeds of 20,000 rpm or more, and that means…

GM, LG to invest $275M more at Tenn. Ultium plant

General Motors and LG Energy Solution on Friday said they are increasing their investment in a joint-venture battery cell plant in Spring Hill, Tenn., by $275 million. The additional spending will create 400 more jobs and raise annual…

McLaren sells historic cars to fund Artura upgrades

McLaren has recently sold some of its prized heritage car collection to Bahrain’s sovereign wealth fund Mumtalakat Holding to raise capital to upgrade its Artura supercar. McLaren was forced to seek an injection of funds after identifying…

Tesla expands lineup with delivery of Semi truck

Large fleet operators like PepsiCo, Walmart, Meijer and J.B. Hunt Transport Services were among the companies that placed non-binding reservations for the Semi five years ago. The first deliveries will go to PepsiCo’s Frito-Lay plant in…