Stellantis plans to “explore alternative business models,” such as subscriptions and car sharing, when it launches its all-electric Fiat 500e in the U.S. in the first quarter of 2024, Fiat CEO Olivier Francois told TechCrunch at the 2022 Los Angeles Auto Show. The exec did not rule out limiting the 500e’s U.S. launch entirely to… Continue reading Fiat CEO teases subscriptions, car-sharing for all-electric 500e launch in US
Category: Tech News
Category Added in a WPeMatico Campaign
Hyundai’s hydrogen fuel cell concept hints at the performance N brand’s future
Hyundai revealed Thursday a hydrogen fuel cell hybrid concept vehicle called the N Vision 74 that the company says demonstrates the performance sub-brand’s vision for electrification. The Hyundai N sub-brand, the performance-focused arm of the automaker, has been applied to a range of production vehicles since its founding in 2015 from the Hyundai Veloster N… Continue reading Hyundai’s hydrogen fuel cell concept hints at the performance N brand’s future
BrightDrop is tracking $1 billion revenue in 2023
General Motors’ e-delivery van subsidiary BrightDrop said Thursday it’s on track to reach $1 billion in revenue next year. The company, which launched in 2021 and was incubated at the automaker’s global innovation center, said reaching the financial milestone would make it one of the quickest tech startups to reach unicorn status, ahead of Apple,… Continue reading BrightDrop is tracking $1 billion revenue in 2023
Fisker Ocean SUV commences production in Austria on schedule
American EV automaker Fisker Inc. has just hit a major company milestone years in the making. Contract manufacturer Magna Steyr has officially begun production of the Fisker Ocean SUV at its carbon neutral facility in Graz, Austria. With Magna’s help, this second iteration of the Fisker brand continues to prove the naysayers wrong while moving… Continue reading Fisker Ocean SUV commences production in Austria on schedule
Toyota shows second EV prototype, touting itself as a leader in electrification with beyond zero EV sales
At the LA Auto Show, Toyota revealed its bZ Compact SUV Concept, the second fully electric vehicle from the bZ (Beyond Zero) lineup. Despite Toyota claiming “Beyond Zero,” the automaker has little to show in terms of zero-emission EV sales. After hyping the debut of its fifth-generation hybrid Prius, Toyota is giving us a look… Continue reading Toyota shows second EV prototype, touting itself as a leader in electrification with beyond zero EV sales
GM secures nickel for EV ramp-up from Vale’s new Quebec Battery Valley factory
GM and Vale announced that they have come to an agreement for the former to get a significant part of the nickel sulfate that Vale plans to produce at its upcoming new Quebec Battery Valley factory. There’s a region in Quebec around Bécancour, just outside of the city of Trois-Rivières, that people are starting to call… Continue reading GM secures nickel for EV ramp-up from Vale’s new Quebec Battery Valley factory
New York State is funding an EV-only consumer loan platform
EV seed-stage company Tenet, which offers consumer loans for EVs, today announced it has secured $25 million in a first-of-its-kind warehouse facility from NY Green Bank for EV loan financing that originates in New York State. If you’re not familiar with the term warehouse financing, it’s “a form of inventory financing that involves a loan made by… Continue reading New York State is funding an EV-only consumer loan platform
Tesla lithium refinery project moves to private negotiations in Texas
Tesla is currently working on a lithium refinery project that would be coming to Corpus Christi, Texas, and it sounds like the automaker is in the final stretch of its negotiations with the authorities. In September, we learned that Tesla has a plan to build a lithium refining facility on the Gulf Coast of Texas.… Continue reading Tesla lithium refinery project moves to private negotiations in Texas
General Motors says it will stop burning cash on electric vehicles by 2025
/ The largest automaker in North America is laying down a marker for itself to sell 1 million EVs annually by 2025. But it won’t be easy. Illustration by Alex Castro / The Verge General Motors wants to be the biggest seller of electric vehicles in North America (maybe the planet, too?) and so far,… Continue reading General Motors says it will stop burning cash on electric vehicles by 2025
BrightDrop, GM’s electric delivery company, projects $1 billion in revenue in 2023
/ The company also confirmed that it is set to generate up to $10 billion in revenue and reach 20 percent profit margins by the end of the decade. Photo by Andrew Hawkins / The Verge BrightDrop, the EV logistics company owned by General Motors, projects it will reach $1 billion in revenue in 2023,… Continue reading BrightDrop, GM’s electric delivery company, projects $1 billion in revenue in 2023