Envision AESC was one of the industry's first EV battery producers. Now it's committing $2 billion to boost its U.S. market presence.
Japanese carmaker financials show how the COVID pandemic and the chip shortage continue to challenge them — despite positive fundamentals.
Mercedes has set the stage for the mass production of luxury electric vehicles in the U.S. And its massive Alabama plant will be key in taking the fight to EV kingpin Tesla.
The 50-50 company will be established this year with the goal of starting EV sales and providing mobility services in 2025. The deal is still subject to regulatory approval.
Keeping the flow of new Toyotas and Lexuses coming to U.S. dealers amid dozens of simultaneous threats falls to two executives who manage it all the Toyota way.
Lexus' only battery electric offering, the UX 300e, chipped in just 5,800 units, a long way from its target of 1 million EVs a year in 2030.
Only about 10 new vehicles are slated to be unveiled, fewer than half the usual number of journalists are registered to attend and many major automakers are skipping it altogether.
Toyota's announced a $1.29 billion battery plant in Liberty, N.C., will have capacity for 1.2 million battery packs per year, suggesting more local investment will follow.
Project ETA is aimed at giving Toyota customers who order their vehicles a more precise view of where they are after they roll off the line.
Entering the EV era will require Lexus to not only engineer all-electric cars but reengineer the production process that builds them.