💰🤝⛏️ Ford's unveiled a string of deals on Monday to secure a steady supply of lithium, a key ingredient in EV batteries. These moves underscore Ford's commitment to charging towards its target of producing 2 million EVs by 2026. With suppliers like Albemarle Corp and Nemaska Lithium on board, the company is all set to power up about 3 million Ford EV batteries and accelerate past those Wall Street doubts.
Hyundai's pulled the curtains back on the impeccably restored 1974 "retro-futuristic classic" Pony Concept Coupe. Debuting at the place of its birth, Lake Como in Italy, this classic ride flaunts geometric lines, minimalist interiors, and slide controls, dishing out a style statement that arguably outshines the Cybertruck. Brought to life again by its original designer, Giorgetto Giugiaro, the gas-powered classic inspired Hyundai's modern marvels, including the N Vision 74.
The Cadillac Escalade is set to get a battery, and we assume a "Q" added to its name. General Motors is revealing its electrified sibling, the "Escalade IQ," (there it is) launching later this year. This SUV, likely to be powered by GM's next-gen Ultium battery tech, is part of Cadillac's ambitious journey towards becoming an all-electric brand by 2030.
🤖🛻🤷 During Tesla's "Cyber Roundup" shareholder meeting, CEO Elon Musk teased two enigmatic new EVs, gave updates on the Cybertruck, and shared information about the next-gen Roadster. Amidst glimpses of upcoming rides and a public succession plan discussion, we learned the Cybertruck, complete with modular capabilities, is set for production this year, while the ever-elusive Roadster remains in pre-production. As for the two new models, almost no details were shared.
ChargeX, fueled by giants like Tesla, Ford, and General Motors, and marshaled by the US Department of Energy, is giving the EV charging experience a major tune-up. With its sights set on ensuring first-time plug-in success by June 2025, ChargeX will tackle the nuts and bolts of EV charging, from defining an outstanding charging experience to diagnosing and turbocharging reliability.