The U.S. Department of Energy finalized a $9.63 billion loan for Ford Motor Co. and South Korea’s SK On to help finance the construction of three new EV battery plants in Tennessee and Kentucky. Get the final details at Headlight.News.
Rivian
Lucid Hopes to Get Off the Ground as Production of Gravity SUV Begins
Lucid Motors has started rolling out its second product line and the all-new Gravity line is likely to determine whether the struggling start-off takes to the air or comes crashing back to earth. The first version of the electric SUV will start at $96,550, with lower-priced trims to follow late next year.
Rivian Secures $6.6B DOE Loan to Build Georgia EV Plant
Georgia politicians can now breathe easier as Rivian’s plans to build an electric vehicle production plant about an hour north of Atlanta appear to be back on track. The California-based EV maker secured a $6.6 billion loan from the Department of Energy to build the plant, which was put on hold earlier this year. The loan comes in addition to $1.5 billion in state incentives already granted. Details at Headlight.News.
Hyundai Ioniq 9 is a Stylish, Long-Range EV for Families Needing 3 Rows
Looking for a stylish, well-equipped SUV with room for up to six, good performance and low energy costs? Hyundai is betting it has the right product for you. The Korean carmaker’s 2025 Ioniq 9, a spacious well-equipped 3-row EV, makes its debut at the Los Angeles Auto Show this week. And Headlight.News got a chance to check it out before the official unveiling at the LA Convention Center.
Si, Pablo Di Si is Out as VW Group of America CEO
Pablo di Si unexpectedly stepped down as head of the Volkswagen Group of America and will be replaced by Rivian executive Kjell Gruner, the automaker announced Tuesday. The move comes at a critical time for VW which has been struggling to move its all-electric models in the U.S., even as it prepares to launch the all-new, all-electric Scout brand.
Trump and Republicans Ready to Pull Plug on EV Incentives
If anyone hoped that Tesla CEO Elon Musk being named to President-elect Donald Trump’s staff might mean a reprieve for the tax credits created during the Biden administration — guess again. Those credits are as good as gone. Find out more at Headlight.News.
VW Deal Gives Big Boost to Struggling Rivian
Months after announcing a tentative alliance, Rivian and Volkswagen firmed up their relationship Wednesday, announcing that the German automaker is making a nearly $6 billion investment into the U.S. EV start-up. The news sent Rivian shares surging after they had fallen by as much as two-thirds their 52-week-high in recent months.
Rivian Falls Short of Wall Street Predictions While Lucid Exceeds
EV makers Rivian and Lucid reported their third quarter earnings results. When the dust settled Rivian was reassuring shareholders while Lucid was celebrating with them. Find out how each automaker did at Headlight.News.
Scout’s Direct-to-Buyer Sales Plan Sets Off Dealer Backlash
Auto dealers are ready to go to war with Scout Motors over the new brand’s plan to sell directly to customers without using franchised retailers. Scout is also planning to build separate service centers, which are emerging a key part of the EV landscape.
We’ve Dug Up Even More Exciting News About the New Scout Brand
Two years after Volkswagen announced plans to revive the long dormant Scout brand, we got a first look at the two new products it will be bringing to market. And there were some surprises, including news that the Scout Terra and Traveler models will be offered with a choice of all-electric and range-extended drivetrains. Headlight.News caught up with several of the brand’s top execs and reveals several other exciting details.
Scout Makes its Debut — But Buyers Are in for a Long Wait
It’s been 44 years since the last Scout model rolled off the assembly line. But the reborn brand made its debut Thursday night, outlining plans to return with a pair of off-road-ready light trucks and a mix of all-electric and “range-extending” drivetrains. Potential buyers now can plunk down a deposit – but they’ll have to wait until 2027 to take delivery.
Tesla Cybertruck Misses Mark Again with Costly Range Extender
When Tesla finally delivered the first Cybertruck 11 months ago it missed the mark in a number of ways, starting with range. While CEO Elon Musk originally promised a version that would clock 500 miles per charge, its currently delivering a max 301 miles. To get close to the original target would require purchasing a range-extender battery, Tesla said. But that now is missing the mark, too.