The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. The… Continue reading The Station: Running a startup in war-torn Ukraine, Tier goes on a shopping spree and Tesla breaks a new EV delivery record
Author: Tech Crunch Online News
DeLorean teases its EV concept car
DeLorean, the automaker behind the pop culture icon gull-winged car, provided a fresh teaser image and a debut date of an all-electric vehicle concept that aims to breathe new life into the brand. The upcoming EV concept is the latest effort of Stephen Wynne, who owns the DeLorean name and supplies parts for the 6,000… Continue reading DeLorean teases its EV concept car
Vietnam’s VinFast to invest $2B in North Carolina EV factory
VinFast, the Vietnamese automaker under Vingroup, said Tuesday it will build its first U.S. factory in North Carolina, part of the company’s previously stated plans to invest and expand in the country. The automotive newcomer said it will spend about $2 billion in the first phase of construction of the 1,976-acre North Carolina factory and… Continue reading Vietnam’s VinFast to invest $2B in North Carolina EV factory
The Station: Uber seals a deal with NYC taxis, Aurora rolls into ride-hailing and LG Energy invests in North America
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Transportation editor Kirsten Korosec was out for a few days this week, so I’m here (Rebecca Bellan) to give you all the important future of transportation news that… Continue reading The Station: Uber seals a deal with NYC taxis, Aurora rolls into ride-hailing and LG Energy invests in North America
Rental car delivery startup Kyte is growing its fleet to 10,000 vehicles
Kyte, the startup that delivers rental cars to customers’ doors, has raised $200 million in asset-backed credit financing from Goldman Sachs and Ares Global Management, money the company will use to pay for new vehicles that will fuel its expansion. Kyte, which is currently in 13 U.S. markets and will launch in Portland, Oregon this… Continue reading Rental car delivery startup Kyte is growing its fleet to 10,000 vehicles
China’s EV chassis maker PIX raises $11M to build its own smart vehicles
The autonomous driving industry in China has enjoyed a boom over the past two years, with both institutional and corporate investors pouring money into a driverless future. Companies thriving in the downstream, those offering robotaxi services, operating robo buses, or dispatching delivery bots, have been particularly popular with investors, raising hundreds of millions of dollars… Continue reading China’s EV chassis maker PIX raises $11M to build its own smart vehicles
Hyundai’s solar car roof isn’t as dumb as it sounds
The new hybrid Hyundai Sonata has solar cells built into its roof. After baking in the sun all day, the car can add 3-4 miles to its range. That might sound underwhelming, but my EV discharges far more than 3-4 miles per day just sitting parked and doing whatever a Tesla does when it’s not… Continue reading Hyundai’s solar car roof isn’t as dumb as it sounds
Former Cruise CEO Dan Ammann joins ExxonMobil
Dan Ammann, the New Zealand native who served as CEO of autonomous vehicle company Cruise since 2019, has moved on to ExxonMobil, where he will be leading a new business focused on commercializing low-emission business opportunities in carbon capture and storage, hydrogen and low-emission fuels, according to a statement from ExxonMobil. Ammann, the former president… Continue reading Former Cruise CEO Dan Ammann joins ExxonMobil
Maserati reveals all-electric Grecale SUV coming to market in 2023
Maserati unveiled Tuesday a prototype of its first all-electric vehicle, a midsized crossover called the Grecale that marks the next step in its plan to go fully electric by 2030. The Grecale is slated to debut in two flavors: gas and electric. Gas-engine versions will arrive later this year, while the battery-electric model from Maserati’s… Continue reading Maserati reveals all-electric Grecale SUV coming to market in 2023
Luminar acquisition brings high-performance laser capabilities in-house
Luminar, a company that builds vision-based lidar and machine perception technologies for autonomous vehicles, is acquiring high-performance laser manufacturer Freedom Photonics on Monday. The all-stock transaction involves Luminar selling 3 million shares of its common stock, or about $42.3 million at today’s share price, per a regulatory filing. The buy is Luminar’s latest to vertically… Continue reading Luminar acquisition brings high-performance laser capabilities in-house