Rivian filed a complaint against Commercial Vehicle Group, alleging that the supplier violated a contract and nearly doubled prices on a custom seat package bound for the electric vans its producing for Amazon and potentially other commercial customers. WSJ was the first to report on the complaint, which was filed March 9 in the Wayne… Continue reading Rivian says pricing dispute with seat supplier threatens Amazon van program
Category: Tech News
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Following Volvo and Ford, Renault aims to spin off its EV business into a separate company
Last week, French company Renault announced its plan to fully review spinning off its electric car business into a separate company in 2023, in hopes of catching up with rivals Tesla and Volkswagen. Renault said that the new EV spin-off could bring on board 10,000 new employees by 2023, and its business model would be… Continue reading Following Volvo and Ford, Renault aims to spin off its EV business into a separate company
Cadillac’s Lyriq EV will start at $62,990
Cadillac has released more details about the vehicle and its features ahead of online orders reopening for its highly-anticipated Lyriq EV on May 19th. The crossover will start at $62,990 and just $2,000 more for its 4WD variant. What’s more, Cadillac is sweetening the deal by including either two years of unlimited public charging through… Continue reading Cadillac’s Lyriq EV will start at $62,990
Everything Uber announced at its global product event
Uber revealed a host of new platforms and features during its global product event, Go Get 2022, on Monday. The new products span Uber’s ride-hail and delivery services, and aim to increase ridership, open new lines of business, incentivize drivers to go electric and more. The new features were highlighted during the event in a… Continue reading Everything Uber announced at its global product event
Clean Technica: Elon Musk On Tesla’s Aspiration Of Reaching 20 Million Cars Made Per Year By 2030001970
Tesla CEO Elon Musk shared some thoughts in a recent interview with Financial Times on Tesla’s aspiration to reach the goal of 20 million electric cars produced annually by 2030. Peter Campbell asked Elon Musk what the business would look like by 2030 to make 20 million EVs per year. After pointing out that this… Continue reading Clean Technica: Elon Musk On Tesla’s Aspiration Of Reaching 20 Million Cars Made Per Year By 2030001970
Investors reward battery startup SES for losing money (but not too much)
It appears battery startup SES’ investors are quite happy with its first earnings report. The company went public in February via a SPAC merger, and to no one’s surprise, reported a loss. And its investors don’t seem to mind. Its shares, while still trading below its SPAC merger price, were up 16.7% at $6.15 at the… Continue reading Investors reward battery startup SES for losing money (but not too much)
Raising monster rounds for self-driving mobility startups on TechCrunch Live
Raquel Urtasun founded Waabi in 2021 after spending nearly three years as Uber’s R&D head of Advanced Technology Group (ATG). Waabi’s mission is to develop an AI-first approach to speed up the commercial deployment of autonomous vehicles, starting with long-haul trucks. To do so, her company raised an $83.5 million Series A with Khosla Venture’s… Continue reading Raising monster rounds for self-driving mobility startups on TechCrunch Live
European micromobility startup Reby acquired by PE player House of Lithium for $100M
Founded in 2018, European micromobility startup Reby took an interesting path. It deployed e-scooters in the city of Zaragoza (Spain), during the COVID-19 pandemic, but also created a SaaS-oriented “MaaS” (mobility-as-a-service) platform. It then won 18 agreements with public administrations for e-mobility across Italy and Spain, slightly under the radar compared with large, well-funded players… Continue reading European micromobility startup Reby acquired by PE player House of Lithium for $100M
McLaren will join Formula E in 2023
Team news is starting heat up ahead Formula E’s Gen3 debut next season, and today one of the bigger expected announcements was made official. Ahead of the Berlin E-Prix, McLaren Racing announced its move to Formula E for season nine, committing to fielding a team when the series’ new spec makes its first competitive laps.… Continue reading McLaren will join Formula E in 2023
Tesla abandons plans to enter the Indian market for now
Tesla has officially abandoned its effort to enter the Indian market and even started to reassign local employees. The automaker couldn’t get the government to change its mind on high import tariffs for foreign electric vehicles. India has the biggest auto market that Tesla has yet to enter. For years, Elon Musk said that Tesla’s… Continue reading Tesla abandons plans to enter the Indian market for now