Hyundai’s Georgia EV plant clears environmental review of its water usage

Hyundai’s $7.6Belectric vehicle (EV) plant in Georgia cleared an environmental review concerning its water usage. In August, the U.S. regulator, The Army Corps of Engineers, agreed to revisit Hyundai Motor Group Megaplant America’s (HMGMA) permit standards regarding water usage after a conservation group threatened to sue. Last August, the Ogeechee Riverkeeper group pushed back against … Read more

RBC cuts Rivian price target to $10 ahead of earnings report

RBC Capital cut its Rivian price target to $10 ahead of the automaker’s Q1 earnings report. RBC Capital dropped its price target for Rivian Automotive from $12 to $10 per share, sticking with a “Sector Perform” rating as it braces for the automaker’s first-quarter earnings. The firm’s new Rivian price target includes predictions for a … Read more

Tesla counters Saudi Arabia charging concerns with quick response

Tesla has countered concerns regarding the availability of electric vehicle chargers in Saudi Arabia with a quick response as it launched 24 Superchargers in the country’s most populated cities just one day after launching deliveries in the country. Tesla announced that it was launching deliveries of the Cybertruck in Saudi Arabia, Qatar, and the United … Read more

Tesla rival brings back trade-in promo to poach customers

Tesla rival Polestar has brought back its promotion that will offer up to $20,000 in discounts for those looking to trade in their Teslas for another EV. In late February, Polestar launched a similar campaign, and based on the success it said it had with it, the company has decided to bring it back for … Read more