US Automotive News Last Week 🚗🔋
Ford's New EV Lineup Unveiling: Ford unveiled updated versions of the Mustang Mach-E and the new F-150 Lightning. The Mustang Mach-E now offers up to 312 miles of range, while the F-150 Lightning is projected to achieve up to 300 miles per charge. Both models feature advanced driver-assist technologies. General Motors (GM) Invests $2 Billion in Autonomous Vehicles: GM announced a $2 billion investment in its Cruise autonomous vehicle division. This funding will be used to expand Cruise’s AV fleet and infrastructure, aiming to increase the deployment of self-driving cars in major US cities. Tesla’s Battery Day Insights: At Battery Day, Tesla revealed its new 4680 battery cell technology. This innovation is expected to reduce battery costs by 50% and increase vehicle range by up to 20%. Tesla also announced plans to produce 100 GWh of these new cells annually by 2024. Nissan’s New Hybrid Model: Nissan introduced the Altima Hybrid, featuring a 2.5-liter four-cylinder engine paired with an electric motor. The new hybrid model is expected to achieve up to 40 mpg combined fuel efficiency and will be available in select markets starting next year. US Department of Transportation’s $5 Billion EV Charging Plan: The US Department of Transportation announced a $5 billion plan to expand the national EV charging network. This initiative aims to install 30,000 new charging stations across the country by 2027. Rivian Hits 10,000 Vehicle Production Milestone: Rivian reported reaching a production milestone of 10,000 R1T electric trucks. The company plans to ramp up production further and is targeting the delivery of 25,000 vehicles by the end of the year.