Luxury vacuum magnate James Dyson has revealed new photos and a little more information about his company’s failed electric vehicle — a project into which he recently revealed he poured more than half a billion dollars of his own money. In a new blog post on his company’s website, Dyson shows off some of the… Continue reading Dyson shares new photos and videos of its canceled electric SUV
Author: The Verge Online News
Rivian makes cuts and names new chief operating officer
Amazon-backed EV startup Rivian has laid off about 40 employees at its engineering and design center in Plymouth, Michigan, The Verge has learned. The cuts, which the company has confirmed to The Verge, were made across departments and included engineers, recruiters, and others, according to two former employees. The company has also made a number… Continue reading Rivian makes cuts and names new chief operating officer
Elon Musk reaches first Tesla compensation award worth nearly $800 million
Tesla CEO Elon Musk has unlocked the first of 12 possible stock option awards from the massive compensation plan he signed in 2018, and it’s worth nearly $800 million. The company disclosed on Thursday that Musk now has the option to buy 1.69 million of its shares because Tesla eclipsed $20 billion in total revenue… Continue reading Elon Musk reaches first Tesla compensation award worth nearly $800 million
Carqon electric cargo bike review: urban transport, solved
If you still think cars, even electric cars, are the future of urban transportation, the Carqon electric cargo bike is here to convince you otherwise. Cargo bikes are a way of life for many European families. For a decade, I bicycled my three kids everywhere in Amsterdam using a traditional “bakfiets.” My three-speed Dutch cargo… Continue reading Carqon electric cargo bike review: urban transport, solved
Judge approves Faraday Future founder’s personal bankruptcy plan
Seven months after he filed for Chapter 11 bankruptcy to deal with $3.6 billion in personal debt, the reorganization plan laid out by Jia Yueting — the tycoon founder of troubled EV startup Faraday Future — has been approved by a judge. In overly simple terms, the majority of the people and companies he owes… Continue reading Judge approves Faraday Future founder’s personal bankruptcy plan
Tier’s shared electric scooters will soon come with foldable helmets
Micromobility rental company Tier is introducing new electric scooters which come with a helmet to protect their riders, the company announced today. 200 of the helmet-equipped scooters will be deployed to Paris and Berlin this month, followed by 5,000 more over the course of the summer. Tier says it’s the first e-scooter company to introduce… Continue reading Tier’s shared electric scooters will soon come with foldable helmets
Jaguar’s I-Pace racing series will end because of COVID-19
The Jaguar I-Pace racing series, which launched in 2018, will come to an end this year after just two seasons due to the economic fallout of the COVID-19 pandemic. Jaguar I-Pace eTrophy, as it’s officially called, will finish out whatever races it can this year alongside electric racing series Formula E and then fold up… Continue reading Jaguar’s I-Pace racing series will end because of COVID-19
James Dyson says he spent £500M of his own money on the company’s canceled electric vehicle
Dyson’s canceled electric vehicle was known internally as the N526, would have had a 600-mile range per charge and could go from zero to 62 mph in 4.8 seconds, company founder James Dyson said in an interview with the (London) Sunday Times. James Dyson says he even drove the prototype of the SUV-style vehicle, meant… Continue reading James Dyson says he spent £500M of his own money on the company’s canceled electric vehicle
GM kills its electric bike project, Ariv
GM has killed its first electric bike. The automaker’s Ariv e-bikes, pronounced like “arrive” and stylized as “ARĪV,” were released last year in a handful of countries in Europe. But thanks to COVID-19, the company said it has decided to wind down its e-bike production. The website where customers previously could place orders now redirects… Continue reading GM kills its electric bike project, Ariv
Nikola gets $4 million pandemic loan, as patent lawsuit against Tesla continues
Electric big rig startup Nikola received a $4.1 million loan from the Small Business Administration’s Paycheck Protection Program (PPP) meant to help small businesses keep people employed during the COVID-19 pandemic, according to an April 15th filing with the Securities and Exchange Commission. It’s at least the third EV startup to receive money from the… Continue reading Nikola gets $4 million pandemic loan, as patent lawsuit against Tesla continues