Shift Technologies appoints new CEO; strategic alternatives review ‘ongoing'
Shift Technologies Inc.’s board of directors on Friday appointed Ayman Moussa, founder of northern California dealership group operation Carnamic, as the company’s new CEO.
Tesla set for $3 billion boost from chargers at rivals’ expense
The deals, which now make Tesla’s charging model the standard in the U.S. among the largest American automakers, will pressure competitors to ditch the primary competing standard, known as CCS.
KORE gets conditional OK for $850M U.S. loan for EV battery plant
The “KOREPlex” is expected to produce 6 gigawatt-hours of battery energy per year, enough to power 28,000 electric vehicles and replace 11.8 million gallons of gasoline.
Digital car sale success relies on collaboration, experts say
Dealers are seeing more online car-shopping traffic but fewer leads.
Why Section 45X is a ‘game changer' for U.S. EV battery supply chain
Payments to battery manufacturers in the U.S. as part of the Inflation Reduction Act can be substantial. But the lucrative credits also have put reliance on China for EV materials under a bright spotlight, drawing criticism from Republicans.