Ohio-based startup Workhorse says it has to redesign its flagship electric van to meet customer needs, after finally getting the vehicle into production this past quarter following years of struggles. The company announced Monday morning that it needs to “revise the design [of] the vehicle” to increase the payload capacity, which has been reported to… Continue reading Workhorse is already redesigning its new electric van
Author: The Verge Online News
Tesla Cybertruck production delayed to 2022
Production on Tesla’s Cybertruck, the automaker’s first electric pickup truck, has been delayed until 2022 according to its order page on the company’s website. First reported by Electrek, under the “due today” section of the Cybertruck’s order page it now reads “you will be able to complete your configuration as production nears in 2022.” This… Continue reading Tesla Cybertruck production delayed to 2022
Lyft’s $20 per month membership program gets new bike-share benefits and an annual plan
Lyft is boosting its $19.99-per-month Lyft Pink membership program with new bike-share benefits and an annual option that’s cheaper than paying for the service month to month, the company announced Thursday. Lyft Pink’s primary benefit is a 15 percent discount on car rides, but previously, it also offered three free 30-minute bike or scooter rides… Continue reading Lyft’s $20 per month membership program gets new bike-share benefits and an annual plan
Nikola founder charged with securities fraud
In Southern District of New York federal court on Thursday, Nikola founder Trevor Milton was charged with securities fraud. The charges allege that Milton made a series of materially false claims which portrayed the electric vehicle company Nikola as far closer to releasing a functional product than it actually was, and raising more than $500… Continue reading Nikola founder charged with securities fraud
Lucid Motors goes public, collects $4.5 billion
Electric vehicle startup Lucid Motors is now a publicly traded company, following the completion of a merger where it fetched an eye-watering $4.5 billion in fresh capital. Shares of the Saudi-owned, California-based startup began trading on the Nasdaq stock exchange Monday morning. Lucid Motors will now turn its full attention back to an even taller… Continue reading Lucid Motors goes public, collects $4.5 billion
Lucid Motors’ $4.5 billion merger is being held up by spam filters
Lucid Motors is on the precipice of completing a merger that will give the Saudi-owned electric vehicle startup $4.5 billion in fresh capital. But the deal is being held up, in part, by spam filters. The California-based startup is merging with a special purpose acquisition company, or SPAC, called Churchill Capital IV that is already… Continue reading Lucid Motors’ $4.5 billion merger is being held up by spam filters
Faraday Future just became a publicly traded company
Electric vehicle startup Faraday future is a publicly traded company. It’s okay, I’ll give you a moment. I’ve been reporting on Faraday Future for four years and it has even stunned me a few times in recent weeks. But it’s true: today, the startup’s shares began trading on the Nasdaq stock exchange, and a fresh… Continue reading Faraday Future just became a publicly traded company
One of the biggest myths about EVs is busted in new study
A new study lays to rest the tired argument that electric vehicles aren’t much cleaner than internal combustion vehicles. Over the life cycle of an EV — from digging up the materials needed to build it to eventually laying the car to rest — it will release fewer greenhouse gas emissions than a gas-powered car,… Continue reading One of the biggest myths about EVs is busted in new study
Lightyear finds a manufacturer to build its solar-powered EV
Dutch startup Lightyear has found a manufacturing partner to build its solar-powered electric car, the Lightyear One. Finnish contract manufacturer Valmet Automotive signed a letter of intent with the startup this week, and the two companies plan to start building prototypes together in early 2022, with an eye on midyear for the beginning of production… Continue reading Lightyear finds a manufacturer to build its solar-powered EV
Lidar maker Velodyne loses its CEO amid internal chaos
Velodyne, a leading manufacturer of lidar laser sensors, announced that CEO Anand Gopalan would be stepping down. The news comes as the sensor company has been embroiled in a bitter war between its founder, David Hall, and the company’s board of directors. Gopalan, who previously served as Velodyne’s chief technology officer before taking the reins… Continue reading Lidar maker Velodyne loses its CEO amid internal chaos