Rivian, the EV startup that went public last year in one of the largest IPOs in U.S. history, has bucked the trend set by Tesla and other EV makers during the first half of the year. Tesla, the world’s largest EV maker, reported two consecutive quarters of delivery declines stemming from delays in the supply… Continue reading 3 things to watch for on Rivian’s Q2 earnings day
Author: Tech Crunch Online News
Orange EV raises a truckload of cash to make yard trucks less dinosaur-y
Sure, they aren’t as sexy as a Tesla, and they don’t get the press columns of long-haul trucking, but so-called yard trucks are an interesting subset of vehicles that benefit disproportionally from being electric. Orange EV just raised a truck-load of cash to electrify one of the easiest-to-electrify corners of the logistics pipelines: the trucks… Continue reading Orange EV raises a truckload of cash to make yard trucks less dinosaur-y
Arrival slashes production targets to just 20 EV vans as part of restructuring
Arrival, the U.K.-based commercial EV startup turned publicly traded company, has lowered its delivery plans from 400 vehicles to 20 as it postpones development of its battery-electric buses and shifts gears to focus on vans. The company, which reported Thursday widening losses for the second quarter, said it no longer expects to generate revenue in… Continue reading Arrival slashes production targets to just 20 EV vans as part of restructuring
Ralph Nader asks NHTSA to recall Tesla’s ‘dangerous and irresponsible’ FSD
Ralph Nader, a political and consumer advocate and former presidential candidate, has issued a statement calling Tesla’s “so-called” full self-driving (FSD) technology “one of the most dangerous and irresponsible actions by a car company in decades.” Nader is calling on the National Highway Traffic Safety Administration (NHTSA) to use its safety recall authority to order… Continue reading Ralph Nader asks NHTSA to recall Tesla’s ‘dangerous and irresponsible’ FSD
Nikola taps its president for CEO post
Electric truck maker Nikola announced Wednesday that President Michael Lohscheller will become CEO on January 1. Lohscheller, who will replace CEO Mark Russell upon his retirement, has joined the Nikola Board of Directors, effective immediately. He served as CEO of Opel and VinFast, as well as CFO at Volkswagen Group of America and Mitsubishi Motors… Continue reading Nikola taps its president for CEO post
Ford locks in solar energy deal with DTE Energy
Ford said Wednesday it has reached a deal with DTE Energy to power its electricity supply in Michigan with clean energy, a step toward its goal to become carbon neutral by 2050. The automaker’s deal with DTE, Michigan’s largest producer of renewable energy, will add 650 megawatts of new solar energy capacity in the state… Continue reading Ford locks in solar energy deal with DTE Energy
Elon Musk sells nearly $7 billion in Tesla shares
Tesla CEO Elon Musk is at it again selling shares of his electric vehicle company, per regulatory filings. Since Friday, the executive has sold 7.9 million shares, which totals about $6.9 billion. This is the first time Musk has sold shares in Tesla since April, when he disposed of 9.6 million shares, worth about $8.5… Continue reading Elon Musk sells nearly $7 billion in Tesla shares
Tesla’s next gigafactory might be in Canada
While onstage at Tesla’s annual shareholder event, CEO Elon Musk hinted that the automaker would choose the location for a new gigafactory by the end of the year. Musk jokingly asked his fans where the company should build, and when a few yelled out “Canada!” Musk replied, “I’m half Canadian. Maybe I should.” It seemed… Continue reading Tesla’s next gigafactory might be in Canada
Ford raises F-150 Lightning prices across the board
Ford is raising the price of the F-150 Lightning, with increases ranging from $6,000 to $8,500, depending on the model and trim level. The entry-level “Pro” badged F-150 Lightning will now retail for $46,974, while the top-tier “Platinum Extended Range” version comes in at nearly $100,000. Ford cites rising costs for materials, as well as… Continue reading Ford raises F-150 Lightning prices across the board
BMW hedges its EV bet, appears poised to repeat mistakes of the past
For a while, it seemed like BMW had turned a corner with its EV strategy. Its i4 and iX have received stellar reviews, and this spring the company announced an all-electric platform, the Neue Klasse, which it said will underpin EV versions of the 3-series sedan and the X3 crossover starting in 2025. The company… Continue reading BMW hedges its EV bet, appears poised to repeat mistakes of the past