Rivian now expects to deliver no more than 43,500 electric vehicles by the end of 2025, which would represent a nearly 16% drop from last year’s sales. The company announced the new guidance for investors on Thursday alongside production and delivery figures for the third quarter of this year. Rivian saw deliveries jump to 13,201… Continue reading Rivian’s best-case guess for 2025 sales is a 16% drop from last year
Author: Tech Crunch Online News
Last chance alert: Founder and Investor Bundle savings for TechCrunch Disrupt 2025 ends tomorrow
Ticktock! The Founder and Investor Bundle sale for TechCrunch Disrupt 2025 ends tomorrow, October 3, at 11:59 p.m. PT. After that, founders will no longer be able to register in bulk at a discount, and investors will drop back to the standard 15% savings. Don’t miss your chance to save more and supercharge your Disrupt… Continue reading Last chance alert: Founder and Investor Bundle savings for TechCrunch Disrupt 2025 ends tomorrow
Tesla has its best sales quarter ever as EV tax credit expires
Tesla’s sales growth has vanished over the last year-and-a-half, but the company just registered its best quarter of deliveries ever, in large part because buyers rushed to take advantage of the $7,500 federal EV tax credit before it went away. Tesla delivered 497,099 vehicles over the last three months, the company announced Thursday. That’s a… Continue reading Tesla has its best sales quarter ever as EV tax credit expires
Self-driving trucks startup Einride raises $100M
Einride, the Swedish startup known for its unusual-looking electric and autonomous pods that are designed to carry freight, said Wednesday it has raised $100 million from several new and existing investors, including its largest shareholder, EQT Ventures. The raise included an undisclosed strategic investment from quantum computing company IonQ. Neither Einride, nor its investors, disclosed… Continue reading Self-driving trucks startup Einride raises $100M
Whizz co-founder says Trump’s Chicago crackdown is scaring delivery workers off the streets
The footage was striking: A food delivery worker scrambles with his e-bike across a bridge in Chicago, chased by a cadre of armed, masked federal agents. “Get him!” one yells, before the worker ultimately slips away. The viral clip became a rallying point this week for critics of President Donald Trump’s deportation machine, which has… Continue reading Whizz co-founder says Trump’s Chicago crackdown is scaring delivery workers off the streets
Waymo can keep testing robotaxis in NYC until end of 2025
New York City regulators have extended Waymo’s autonomous vehicle testing permit through the end of the year, the company said Wednesday. The permit was initially granted in August to allow Waymo to test its robotaxis in the city until the end of September. The terms of the extended permit are the same: Waymo can deploy up to eight of its… Continue reading Waymo can keep testing robotaxis in NYC until end of 2025
Data breach at Canadian airline WestJet affects 1.2M passengers
Canada’s second largest airline WestJet said the personal information of 1.2 million passengers was stolen in a cyberattack and data breach earlier this year. The airline disclosed the number of affected passengers in a filing with Maine’s attorney general, which confirmed 240 residents in the state were also affected. According to the notice, the stolen… Continue reading Data breach at Canadian airline WestJet affects 1.2M passengers
Electroflow promises to make LFP material for 40% less than Chinese producers
The battery world has fallen head over heals for lithium-iron-phosphate cells, a cheap, durable chemistry that can lower the price of a vehicle by thousands of dollars. Tariffs and anti-China regulations have complicated the picture for American automakers. “We think LFP is the missing ingredient for energy prosperity. The problem is it’s literally 99% made… Continue reading Electroflow promises to make LFP material for 40% less than Chinese producers
U.S. government takes stake in Canadian lithium miner and its Nevada mining project
The U.S. Department of Energy has taken equity stakes in Canadian company Lithium Americas and its Nevada mining joint venture with General Motors as part of a renegotiation of a federal loan. Under the new terms, the U.S. government will take a 5% equity ownership in Lithium Americas and a 5% ownership in the Lithium… Continue reading U.S. government takes stake in Canadian lithium miner and its Nevada mining project
Toyota adds another $1.5B to its bet on startups at every stage
Toyota is looking for the next new new thing in mobility, climate, AI, and industrial automation. Its answer is $1.5 billion in new capital that will focus on, and invest in, the lifecycle of startups — from the first seeds of an invention through its growth stage and eventually to mature companies. Toyota made two… Continue reading Toyota adds another $1.5B to its bet on startups at every stage