Some parts of China are suffering from record high temperatures in the past few weeks, prompting local governments to halt industrial power use, including those of battery plants. When news reaches the West, it generates fear-mongering headlines like “China heat wave shuts Tesla suppliers” which have likely rattled investors (because Tesla is all we care… Continue reading Tesla doesn’t need to hit the panic button over China heat wave disruptions just yet
Author: Tech Crunch Online News
Dodge unveils Charger EV concept that is faster and louder than a Hellcat
Dodge revealed Wednesday an EV concept that looks — and even sounds — like the gas-powered Charger muscle car that will be discontinued next year. The two-door Dodge Charger Daytona SRT Concept — the Daytona name a nod to its gas-powered ancestor’s 200 mph NASCAR track milestone — is not just a design exercise, according… Continue reading Dodge unveils Charger EV concept that is faster and louder than a Hellcat
Crappy chargers and sky-high prices are huge roadblocks to EV adoption
In the U.S., most electric vehicle owners say that public chargers are easy to use. That is, when they actually work. A new J.D. Power survey finds that, while public charging stations are a tad easier to come by these days, faulty chargers are souring the experience and hampering EV adoption. That’s no good, because… Continue reading Crappy chargers and sky-high prices are huge roadblocks to EV adoption
HyperTrack, which provides last-mile routing software, raises $25M
In a sign that the market for logistics and transportation tech isn’t cooling (economic downturn be damned), HyperTrack, a startup offering APIs for freight order planning, assignment and tracking, today closed a $25 million Series A funding round. Led by Westbridge Capital with participation from Nexus Venture Partners, the round will be put toward expanding… Continue reading HyperTrack, which provides last-mile routing software, raises $25M
India’s Exponent Energy may have found the secret to 15 min rapid EV charging
Bangalore-based Exponent Energy might have come up with a way to deliver 15-minute rapid charging for electric vehicles. The startup, which just raised a $13 million Series A, relies on a combination of its proprietary battery pack and charging infrastructure to achieve such a feat. Exponent Energy’s business model is geared towards OEMs building commercial… Continue reading India’s Exponent Energy may have found the secret to 15 min rapid EV charging
Biden admin says about 20 models will still qualify for EV tax credits
The Inflation Reduction Act, which President Joe Biden signed into law Tuesday, says that if automakers want their electric vehicles to be eligible for tax credits, they’ll need to have final assembly in North America. The law, which takes effect immediately, ends credits for about 70% of the 72 models that were previously eligible, according… Continue reading Biden admin says about 20 models will still qualify for EV tax credits
American Airlines to buy 20 jets from Boom Supersonic
American Airlines will buy up to 20 jets from Boom Supersonic, an aircraft maker that aims to commercialize supersonic, and super-fast, flight. Boom’s Overture four-engine jets promise speeds of up to Mach 1.7 over water, which is twice the speed of today’s fastest commercial aircraft — meaning the jet can fly from Miami to London… Continue reading American Airlines to buy 20 jets from Boom Supersonic
Daily Crunch: 7 months after emerging from stealth, YC alum Arc secures $20M Series A
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello! Did you know that TechCrunch Live is on a shiny new platform? We’ve even made it easier to enter our two-minute Pitch Practice segment. You can now apply any day, any… Continue reading Daily Crunch: 7 months after emerging from stealth, YC alum Arc secures $20M Series A
SAIC Mobility Robotaxi valued at $1B after $148M Series B
SAIC Mobility Robotaxi, an arm of state-owned Chinese automaker SAIC that aims to launch a commercial robotaxi service, raised $148 million (RMB 1 billion). The funds will be used to scale its robotaxi service in China, which it will operate in partnership with autonomous vehicle company Momenta. SAIC Group led the Series B round that… Continue reading SAIC Mobility Robotaxi valued at $1B after $148M Series B
Faraday Future seeks to raise capital after massive Q2 loss
Faraday Future, maker of the long-delayed FF91 EV, re-upped its commitment to raising funds while reporting Tuesday that its second-quarter operating losses more than quadrupled. The company posted an operating loss of $137 million for the second quarter compared with $28 million for the year-ago period. Overall, its second-quarter financial report paints a grim picture.… Continue reading Faraday Future seeks to raise capital after massive Q2 loss