Redwood Materials said Wednesday it will build a new battery materials and recycling facility on a 600-acre campus near Charleston, South Carolina that will eventually employ 1,500 people and make enough cathode and anodes components to supply one million EVs annually. Little is known about the incentives deal the company struck with the state. However,… Continue reading Redwood Materials to build multibillion-dollar factory in the U.S. “battery belt”
Author: Tech Crunch Online News
Vegas visitors can take semi-autonomous EVs for a tour starting in 2023
Arcimoto, the maker of the three-wheeled electric Fun Utility Vehicles (FUVs), is teaming up with Faction to develop EVs that can be delivered to a customer’s hotel through a combination of low-level autonomy and tele-assist technology. The tie-up is part of an upcoming pilot in Las Vegas with GoCar Tours that will allow tourists to… Continue reading Vegas visitors can take semi-autonomous EVs for a tour starting in 2023
Shield AI raises another $60M at a $2.3B valuation for its military autonomous flying tech
Defense technology continues to get a lot of attention from investors, and today, one of the bigger startups in the space is announcing more funding. Shield AI — which develops platforms and planes for autonomous flying systems, targeting the U.S. military and its allies as customers — has raised $60 million in funding, money that… Continue reading Shield AI raises another $60M at a $2.3B valuation for its military autonomous flying tech
Honda says VR is changing how it designs cars. You might not notice.
Honda is pulling away from a design practice that’s (literally) shaped auto making since the ’30s. The $43 billion company still depends on life-size clay models to evaluate its designs, a tried and true method pioneered by GM designer Harley Earl. But Honda is gradually relying less on the practice, ever since the Coronavirus tore… Continue reading Honda says VR is changing how it designs cars. You might not notice.
Geely’s electric car brand Zeekr files US IPO confidentially
Zeekr, the premium electric car brand under China’s Geely, said Tuesday it has confidentially filed for a U.S. initial public offering. If it goes through, it’ll be the first major Chinese listing in the country in nearly two years, following China’s effective ban of foreign IPOs. Last week, Zeekr filed with regulators but didn’t provide… Continue reading Geely’s electric car brand Zeekr files US IPO confidentially
Boom takes the wraps off its supersonic Symphony engine design
Boom Supersonic is working hard to upend the status quo in commercial flight with its Overture airliner — a supersonic craft that will be propelled by brand-new engines the company just revealed. Building from scratch shows that Boom is doubling down on setting itself apart from the rest of the industry. Building a new aircraft… Continue reading Boom takes the wraps off its supersonic Symphony engine design
Uber’s food delivery platform agrees to pay severance to couriers let go ahead of Spain’s Riders Law
Uber’s delivery business in Spain has settled with local labor unions which were challenging its dismissal of more than 4,000 riders in August last year ahead of a labor law reform coming into force — acknowledging the dismissed couriers as staff and agreeing to pay severance equivalent to 45 days’ salary per year worked (via… Continue reading Uber’s food delivery platform agrees to pay severance to couriers let go ahead of Spain’s Riders Law
Ex-Rocket Lab engineer raises $21M for Partly to make buying car parts easier
Car parts buyers require specific parts to fit specific vehicles, making for a supply-constrained environment. New Zealand-based Partly wants to ease those constraints by connecting parts buyers around the world with the correct parts. The two-year-old startup is not a car parts marketplace. Rather, Partly powers marketplaces like eBay and Shopify with its database of… Continue reading Ex-Rocket Lab engineer raises $21M for Partly to make buying car parts easier
Rivian and Mercedes ‘pause’ plans to produce electric commercial van
Rivian and Mercedes-Benz have paused plans to produce electric commercial vans in Europe just three months after the two automakers announced the partnership. Rivian shares fell as much as 3.4% before rebounding slightly. Rivian shares are trading at $26.62, down 2.46% since the market opened. Mathias Geisen, head of Mercedes-Benz Vans, said the collaboration with… Continue reading Rivian and Mercedes ‘pause’ plans to produce electric commercial van
Vinfast takes the IPO path, TuSimple and Navistar break up and Rad Power Bikes makes its most important product yet
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading Vinfast takes the IPO path, TuSimple and Navistar break up and Rad Power Bikes makes its most important product yet