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EV makers face cash squeeze amid soaring battery, production costs

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill.Michael Wayland / CNBCIn the transition from gas-powered vehicles to electric, the fuel every automaker is after these days is cold hard cash.Established automakers and startups alike are rolling out new battery-powered models in an effort to meet …

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Ford Mustang Mach-E price hiked by as much as $8,475 due to battery costs

Visitors check on a Ford Mustang Mach-E electric vehicle displayed at a launch event in Shanghai, China April 13, 2021.Yilei Sun | ReutersDETROIT – Ford Motor is hiking the starting prices of its electric Mustang Mach-E crossover by more than $8,000 for some models, as it reopens order banks for the 2023 model year.The company …

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