Group 1 - General Motors (GM) will move production of a gas-powered SUV to Michigan and increase manufacturing of pickup trucks in the state to meet strong customer demand [1][2] - The Cadillac Escalade, Chevrolet Silverado, and GMC Sierra light-duty pickups will begin production at the Orion Assembly plant in early 2027 [2][3] - The Orion Assembly plant is being retooled for gas products, and this move is part of GM's $4 billion investment in U.S. facilities announced in June [4] Group 2 - The Silverado and Sierra trucks will continue to be produced in Fort Wayne, Indiana, while additional production will occur at the Orion Assembly plant due to high demand [3][4] - GM's previous commitment to exclusively offer electric vehicles (EVs) by 2035 has been adjusted due to slower-than-expected customer demand for EVs [5]

RT Bloomberg Live (@BloombergLive)On competition with China in the EV space, "If our engineers and others are not driving competitor vehicles to learn and understand, we have bigger issues." @Ford’s @BobHolycross tells @aaronrutkoff #BloombergGreen⏯️ https://t.co/ApZaC2fw70 https://t.co/1kDIWa3VKg ...

Incentives ranging from $85,000 to $144,000 available to stimulate commercial electric vehicle market; Bollinger B4 all-electric truck primed to sellBREA, Calif., July 15, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces its subsidiary, Bollinger Motors, reveals that August will be one of the best times to buy a commercial electric vehicle, as funding for state incentives in New York are ...

🚨 Tesla’s Model Y debuts in India priced at a hefty $70,000 as the EV maker ‘tests the waters’The sales launch comes the same day Tesla opened a showroom in Mumbai, its first in the country.Isabel Fan, Southeast Asia Director at Tesla, also announced that the company would soon launch a showroom in the Indian capital of New Delhi.The report added that Tesla would hire staff locally and set up experience centers, service centers, delivery systems, charging stations and logistics hubs throughout the country.T ...

Company expects to change name and NASDAQ ticker symbol prior to Aug. 15, 2025 Consolidation includes moving commercial operations to Oak Park, Michigan Since Jan. 2025, Company has eliminated 155 positions and reduced operating expenses by a minimum of $35M annually Company expects significant sales orders in current fiscal quarter BREA, Calif., July 15, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, ...

The UK is reintroducing grants of as much as £3,750 to support electric vehicle purchases, as the Labour government seeks to bolster its beleaguered auto industry and meet net zero goals https://t.co/3Z3ZT5vEYL ...

Core Insights - Tesla has officially entered the Indian market by opening its first showroom, referred to as an "Experience Center," in Mumbai after years of delays since 2016 [1][2] Company Overview - The showroom is located in Maker Maxity Mall, covering 4,000 square feet, and features the Model Y in rear-wheel drive (RWD) and long-range RWD versions imported from Shanghai [2] - The Model Y RWD is priced at ₹59,89,000 (approximately $68,000), while the long-range RWD is priced at ₹67,89,000 (approximately $79,000) [3] - A full self-driving add-on is available for ₹600,000 (approximately $7,000) [3] Market Entry and Expansion - Indian customers can place orders for the Model Y with a non-refundable deposit of ₹22,220 (approximately $260), with deliveries expected to start in Q3 for the RWD variant and Q4 for the long-range RWD [4] - Tesla plans to establish four charging stations in Mumbai and Delhi, including Supercharger posts and destination chargers, and is expected to open a second store in Delhi soon [5] Industry Context - India is the fourth-largest automotive market globally, producing nearly 6 million vehicles annually, but has a relatively small electric vehicle (EV) footprint primarily dominated by two-wheelers [6] - The Indian government aims for 30% of all automotive sales to be electric by 2030 [6] Strategic Developments - Tesla is considering importing cars from its Berlin facility once the India-EU free-trade agreement is signed [5] - In 2023, Tesla plans to nearly double its component sourcing from India to up to $1.9 billion [10] - Despite discussions about establishing a manufacturing presence in India, Musk remains unconvinced about setting up a local factory [10] Operational Insights - Tesla has hired several employees in India and has multiple job listings in cities like New Delhi, Pune, and Mumbai, although it currently lacks a specific head in India [11] - Tesla CFO Vaibhav Taneja is overseeing operations in India, with local board directors managing policy, sales, and human resources [12] Competitive Landscape - Tesla's entry into India comes amid challenges in major markets like China, Europe, and the U.S., where local competitors are gaining market share [13] - In Q2, Tesla's global sales dipped 13% to 443,956 units, with significant declines in sales across China, Europe, and the U.S. [14][15]

This is a significant moment for you as well, because your first domestic supply of sales Reflect on that. That is that is true. Yeah.So currently we are getting our battery supplies either from Japan or from Korea, depending on the supplier. And Panasonic is a is a great partner for us. We decided to a half years ago to make together this investment here and to localize the production, to sell products from here to because it's not just volume supply.This is 2170. But my understanding is there was some co ...

Core Insights - Tesla has experienced declines in deliveries across various European regions, attributed to weaker demand for electric vehicles, political controversies surrounding CEO Elon Musk, and increased competition [1] - Despite challenges, Tesla reported second-quarter deliveries that exceeded analyst expectations, indicating a potential recovery in June [2] - In the UK, Tesla regained its top position in the electric vehicle market in June, achieving a market share of 16.1%, surpassing competitors like VW, BMW, and Ford [3] Group 1: Market Performance - Tesla's deliveries in June reached 7,719 units, marking the highest monthly volume since March 2023 [4] - The overall electric vehicle market share in the UK for June was 35.9%, with battery-powered EVs accounting for 24.8% and plug-in hybrids for 11.2%, an increase from 28.2% in June 2024 [5] - The overall automotive sector in the UK saw a 7% year-over-year increase in June, with 191,316 vehicles sold, highlighting the growing importance of electric vehicles in the market [6] Group 2: Stock Performance - Tesla's stock price increased by 0.4% to $314.75, within a 52-week trading range of $182.00 to $488.54, although it remains down 17% year-to-date in 2025 [7]

Chinese automaker BYD plans to triple its showrooms in Saudi Arabia as it builds on the fresh momentum around EVs in the wake of Tesla's arrival to the country https://t.co/y9xEuHQTcF ...