Author: Casper Benedict

The Japanese Mitsubishi Corporation has made its first foray into lithium mining, investing 25 million Canadian dollars in a 7.5 per cent stake in a project by Canadian lithium mining company Frontier Lithium in Ontario. The agreement includes an option to increase this stake to 25 per cent, according to a statement from Mitsubishi. The project aims to commence production of high-quality spodumene concentrates by 2027 and battery-grade chemicals by 2030, with an annual production capacity of 20,000 tonnes of lithium carbonate, enough for nearly 300,000 electric vehicle batteries. Mitsubishi’s initial investment is primarily intended to finalize the project’s feasibility…

Tesla, the pioneering electric vehicle manufacturer, has introduced a specialized two-seater configuration of its popular Model Y SUV, designed with a focus on businesses. The new variant, unveiled in France today, offers a capacious rear storage area ideal for transporting goods or accommodating custom solutions tailored to commercial needs. Clément Maguet, Senior Account Manager at Tesla, shared the announcement of this innovative model on LinkedIn, highlighting its impressive features. “Tesla has developed a 2-seater Model Y with a storage capacity of 2,158 liters and offering a range of up to 565 km (WLTP cycle),” said Maguet. “This model is eligible…

Dodge has upped the ante in the electric vehicle (EV) market with the grand debut of its 2024 Charger Daytona EV, boldly claiming it to be the “world’s quickest and most powerful” muscle car. This groundbreaking announcement marks a pivotal moment for Dodge, renowned for its high-performance gasoline-powered vehicles, as it takes a decisive step into the realm of electrification. Tim Kuniskis, CEO of Dodge, expressed enthusiasm about the new electric Charger, stating, “The electrified 2024 Dodge Charger Daytona Scat Pack delivers Charger Hellcat Redeye levels of performance.” This move underscores Dodge’s commitment to pushing the boundaries of performance and…

Polestar, the electric performance carmaker, has faced challenges in recent months, including disappointing performance and the announcement by parent company Volvo Cars that it would cease financial support. However, CEO Thomas Ingenlath remains optimistic about the company’s future, claiming it is in a better position than it may seem. Ingenlath’s optimism comes at a time when the global electric vehicle (EV) market has not seen the significant growth of previous years, leading some automakers to reverse their commitments to fully transition to EVs. Ingenlath warned against this approach, calling it an “incredible trap” to ignore future innovation in electric drivetrains,…

In a remarkable surge, new car sales in the UK soared to their highest February figure in 20 years, a trend propelled by companies investing in electric vehicles (EVs) for their fleets, despite a dip in private EV purchases. According to data from the Society of Motor Manufacturers and Traders (SMMT), registrations of new cars leaped 14% year-on-year to 84,886 vehicles last month, marking the best February performance since 2004. See also: Stellantis to Begin Production of Medium-Sized Electric Vans in Luton, UK The rise in electrified vehicles was particularly notable, with hybrid electric vehicle sales climbing 12.1% and plug-in hybrids…

French automaker Renault is poised for success with its upcoming Renault 5 Battery Electric Vehicle (BEV), as the company reports an impressive 50,000 orders on the waitlist just days after its debut at the Geneva Motor Show. Scheduled to officially go on sale in May in Europe, the Renault 5 BEV is priced starting at €25,000, approximately $27,130, making it significantly more affordable than many of its rivals. Manufactured in Northern France, this retro-inspired vehicle represents Renault’s first all-new small EV since the renowned Zoe was introduced in 2014. See also: Renault Unveils Flagship Colors for Upcoming Electric Renault 5…

Altilium, a UK-based clean technology group, has announced a collaboration with Nissan to improve the sustainability of electric vehicle (EV) batteries manufactured in the UK. This project aims to use advanced recycling technologies to reduce the carbon footprint of new batteries and decrease reliance on imported raw materials, supporting the transition to net zero. The initiative, part of a £30 million project led by the Advanced Propulsion Centre (APC), has been granted £15 million in funding. It will enhance the technical expertise and research and development (R&D) capability of the Nissan Technical Centre Europe (NTCE) in Cranfield, Bedfordshire. The focus…

As the highly anticipated debut of the Rivian R2 electric SUV approaches on March 7, the EV startup has released additional teasers to generate excitement for its upcoming, more affordable model, expected to broaden the brand’s appeal significantly. The latest teaser images suggest that the R2 will bear a strong resemblance to a scaled-down version of the R1S, Rivian’s larger electric SUV. The cropped teaser of the rear hints at sharper styling elements, consistent with Rivian’s design language. See also: RJ Scaringe Unveils Fresh Insight of Rivian R2 Platform Architecture in Latest Update https://www.instagram.com/reel/C35dsjcx8Pa/ https://www.instagram.com/reel/C3-0vb5PIrv/ https://twitter.com/Rivian/status/1764719859198550516 In teaser videos shared on…

Porsche has released a tantalizing teaser for its upcoming high-performance variant of the Taycan, set to be unveiled on March 11. Dubbed the “most dynamic Taycan of all time,” the new model is expected to carry the Turbo GT badge, joining Porsche’s elite lineup of extreme offerings. The teaser image reveals a profile shot of the car, showcasing its aggressive aerodynamic package, including a fixed rear wing. This design element is reminiscent of the prototypes spied by our photographers and the pre-production model previously showcased by Porsche. See also: Apple CarPlay+ Makes Its Debut in the 2025 Porsche Taycan Notably, the…

Kia America announced its February sales figures, revealing a slight decline in overall vehicle sales compared to the previous year. The company reported 59,059 vehicle sales in the United States last month, down 3% year-over-year. This brings the total for the first two months of the year to 110,149, a decrease of 2.4%. Despite the overall decrease, Kia’s electric vehicle (EV) sales saw a significant uptick in February. The company reported a 65% increase in EV sales compared to the same period last year, although the exact number was not disclosed. However, estimates suggest that Kia sold approximately 4,000 EVs…

As the end of the quarter approaches, Tesla has revealed its latest purchasing incentive, offering 5,000 miles of free Supercharging on select trade-ins. This incentive follows the recent launch of a temporary $1,000 discount on Model Y orders and other incentives. Tesla’s newest perk is available to U.S. and Canadian Tesla owners who trade in a vehicle and take delivery by March 31, 2024. Customers can find details on Tesla’s trade-in webpage. See also: CATL’s M3P Battery Likely to Power Tesla Models While the offer excludes used vehicles, Cybertrucks, business orders, lease returns, or vehicles used for commercial purposes, it is…

Iveco, a leading commercial vehicle manufacturer, has announced a significant order from DHL’s Post & Parcel Germany division for 178 S-Way CNG (Compressed Natural Gas) trucks. These new vehicles will primarily serve inter-hub transport at DHL parcel centers, customer pick-ups, and urban deliveries to post offices. The Iveco S-Way CNG trucks are powered by Cursor engines from FPT Industrial, a brand of the Iveco Group specializing in low-environmental impact powertrains. See also: Iveco and Hyundai Collaborate on New Battery-Electric Commercial Vehicle for European Market These engines can run on bio-CNG, a sustainable renewable fuel derived from waste and residual materials. The…