#Project V
Latest EV news tagged #Project V

Trump Administration Slashes 2031 CAFE Target to 34.9 MPG
The previous standard was projected to reach 50.4 mpg, meaning the new rule substantially reduces the fuel economy target automakers will have to meet.

Volvo’s New EV Factory Begins Work Ahead of 2027 Production
Test production of the factory’s first electric vehicle is expected to begin within weeks, ahead of planned series production in 2027.

Rivian’s R2 Ramp Faces Questions as Citi Flags Production Challenges
The analysts point to Rivian’s existing factory utilization and the production ramp expected at its future Georgia facility as key factors behind their concerns.

Ford Says Fathom EV Pickup Owners Can Plug In Every Time They Get Home
Alan Clarke, Ford’s vice president of advanced development projects, said the company expects Fathom owners to plug the pickup in whenever they return home.

Lucid’s $1.4 Billion Turnaround Plan Faces a Tough Test as Stock Hits 52-Week Low
Lucid shares closed at $4.55 on Sept. 1, down 42% from the $7.78 closing price on Aug. 4, the day before Napoli’s operational reset was announced. The decline came as the broader market remained comparatively stable, making the move largely company-specific.

Xiaomi Auto Begins Global Push Ahead of 2027 European Entry
The move gives Xiaomi Auto a public-facing platform for its international expansion while the company continues preparing its overseas sales and distribution network.

Lucid Gravity GT-S Debuts With 1,070 HP As Automaker Battles Mounting Losses
The Gravity GT-S starts at nearly $128,000 and uses the same drivetrain found in the discontinued Lucid Air Dream Edition. Lucid says the new model is the most powerful three-row electric vehicle in the United States, putting it ahead of the 1,025-horsepower Rivian R1S.

Ford CEO Says Battery Storage Business Is Already Filling Future Capacity
Speaking during Ford’s second-quarter 2026 earnings call, Farley said the company is well on its way toward securing customers for its planned 20-gigawatt-hour annual battery energy storage capacity.

Lucid Stock Extends Rally Ahead of Q2 Results as Investors Watch Cash Burn
While the stock has recovered sharply from recent lows, analysts and investors remain focused on the company’s cash burn, production outlook, and whether improving deliveries are translating into a stronger financial position.

Report Says U.S. Clean Energy Policy Rollbacks Could Cost More Than 111,000 Jobs
According to the analysis, canceled or delayed projects could affect more than 111,000 jobs while putting billions of dollars in planned investment at risk.

Ford Clarifies Upcoming Electric Pickup Is Still A Mid-Size Truck
The automaker has since corrected the wording, reaffirming its original classification despite recent prototype sightings that suggest the vehicle has a much smaller footprint than traditional mid-size pickups.

GM Reportedly Considering Wuling Bingo Pro as Chevrolet’s Next Affordable EV
If approved, the compact hatchback would expand Chevrolet’s affordable EV portfolio in regions such as Latin America, Africa, and Asia, where demand for low-cost electric vehicles continues to grow.

Second Worker Dies at BYD’s Hungary EV Factory Construction Site
The latest fatality occurred on June 18, just months after another worker died in February, while investigations and labor inspections continue ahead of the factory’s planned production launch later this year.

Ford Executive Questions Whether New Low-Cost EV Platform Alone Can Counter Chinese Competition
A top Ford executive recently acknowledged that the new architecture may not be enough on its own to offset the advantages enjoyed by Chinese automakers, even as the company prepares to launch its first UEV-based model.

GM Expands Brazil EV Production Strategy As Captiva EV Assembly Begins
Through its partnership with Comexport at the Planta Automotiva do Ceará (PACE) facility, GM plans to add a third electrified model to local production before the end of 2026, signaling a broader push to grow its EV presence in South America.

Ford Confirms Mustang Mach-E Won’t Move to New EV Platform
In testing conducted by Car and Driver, the 2027 Chevy Bolt RS outperformed the 2026 Nissan Leaf Platinum+ across several key categories, including performance, driving dynamics, technology, and overall usability.

Ford Launches Website for New Affordable EV Pickup Ahead of Expected Reveal
The new site, discovered after a QR code appeared on a camouflaged prototype, provides additional details about the truck’s development, manufacturing approach, and design as Ford prepares for a reveal expected before 2027.

GM Says EV Owners Could Earn Money by Sending Power Back to the Grid
As utilities face rising demand from extreme weather events, growing electrification, and energy-intensive AI data centers, GM believes EVs can serve as distributed energy assets that help stabilize power networks while providing financial benefits to owners.

Ford Racing Shifts From EV-Only Demonstrators to Hybrid Development
The move reflects the automaker’s broader product strategy, which now includes significant investments across multiple propulsion technologies as Ford continues developing lessons from both racing and road-car programs.

Ford Says Its Next EV Truck Must Be Fun to Drive
The model is expected to become the first vehicle based on Ford’s scalable UEV platform, which was developed to help the automaker compete more effectively against rapidly growing Chinese EV manufacturers.