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Battery Maker LG Energy Posts Earnings Miss Amid Weak Demand

Battery maker LG Energy Solution Ltd. badly missed fourth-quarter earnings estimates amid weaker demand for electric vehicles and a drop in lithium prices that hurt revenue.

January 9, 2024

Lidar Maker Aeva Wins Multiyear Contract for Daimler Trucks

Aeva Technologies Inc. has won a multiyear contract to supply Daimler Truck Holding AG with technology to help advance autonomous driving on highways.

January 9, 2024

Goodyear Unveils Plans for Sustainable EV Tires at CES

The Goodyear Tire & Rubber Co. is developing a product for electric vehicles that it says will bolster their competitiveness against gas-powered vehicles by extending tire duration.

January 9, 2024

Drivewyze Offers Free Access to New Safety System

WASHINGTON — Transportation technology company Drivewyze announced at the Transportation Research Board conference Jan. 9 that it is making its new safety system available at no cost.

January 9, 2024

EV-Charging Firms Could Struggle With Finances in 2024

U.S. electric vehicle charging installations fell significantly last year as companies grappled with financial challenges, according to a BloombergNEF report.

January 9, 2024

VinFast Names Vietnam’s Richest Billionaire New CEO

VinFast, the Vietnamese electric carmaker building a multibillion-dollar factory in North Carolina, has replaced its CEO and CFO in the company's latest executive shuffle.

January 8, 2024

Nikola Showcases Hydrogen Fuel Cell EV at CES

LAS VEGAS — Nikola Corp. showcased the range and maneuverability of its hydrogen fuel cell electric truck Jan. 7 during a test ride at CES 2024.

January 8, 2024

Daimler Truck Deputy Chair Wary of 15% Cost Savings Target

Daimler Truck Holding is not likely to achieve the 15% reduction in operating costs, investment and research and development expenditures it’s targeting by 2025, its deputy chairman said.

January 8, 2024

Stellantis Sales Drop 1% in 2023; Plug-In Hybrids Up

Stellantis NV reported a 1% U.S. sales decline in 2023, the company said Jan. 3. The automaker sold 1.527 million new vehicles last year, down from about 1.547 million sold in 2023.

January 8, 2024

Driverless Truck Companies Hoping to Ditch Human Copilots

Driverless trucks with no humans on board will soon cruise Texas highways if three firms have their way despite objections from critics who say finances, not safety, is behind the timetable.

January 5, 2024