Founders and investors have dedicated a lot of time and even more money to developing autonomous vehicle (AV) technology over the past 15 years, a trend that shows no sign of letting up any time soon. Companies like Cruise, Waymo and Zoox have spent years developing fully driverless autonomous cars — with a focus on… Continue reading Learn how Nuro co-founder Jiajun Zhu drove the AV startup to an $8.6B valuation at TC Sessions: Mobility 2022
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Polestar’s second concept car is a convertible with an integrated drone
With the Polestar 2 already in production, Polestars 3 and 4 on the horizon and the Precept concept slated to become the Polestar 5 in 2024, Polestar the company has just unveiled its latest electrified vehicle idea: the Polestar O2 convertible concept. Polestar “Polestar O2 is our vision of a new era for sports cars,”… Continue reading Polestar’s second concept car is a convertible with an integrated drone
Ford increases electrification spend to $50B in attempt to catch up to Tesla
Ford Motor Company is increasing its electric vehicle investment to $50 billion through 2026, up from the previous $30 billion by 2025. CEO Jim Farley announced the news on Wednesday after the automaker confirmed that it would run its EV unit separately from its combustion engine business, something Ford touched on during its 2021 fourth… Continue reading Ford increases electrification spend to $50B in attempt to catch up to Tesla
Rivian has altered the deal, and now its EVs will cost buyers up to $20K more
Rivian increased the estimated prices of its R1T electric pickup and R1S electric SUV this week by up to 20 percent, as reported by TechCrunch. The company is applying the new estimates to new orders and changing them for reservation holders who don’t yet have a vehicle entering production. This is the first significant change… Continue reading Rivian has altered the deal, and now its EVs will cost buyers up to $20K more
Ford sells electric scooter unit Spin to Berlin’s Tier
Ford is selling its electric scooter operation Spin to one of Europe’s top shared mobility companies. Tier Mobility will take over all of Spin’s operations, marking the first time the Berlin-based scooter company will have a foothold in North America. The companies declined to disclose the sale price, though the CEO of Tier said it… Continue reading Ford sells electric scooter unit Spin to Berlin’s Tier
S Korea’s Hyundai Motor plans to invest $16b in EV push
South Korea’s Hyundai Motor Co said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) towards electric vehicle (EV) related businesses. Hyundai Motor, which together with affiliate Kia Corp 000270.KS is among the world’s top 10 biggest automakers by sales, targets to achieve a 7% market share in… Continue reading S Korea’s Hyundai Motor plans to invest $16b in EV push
Ford is splitting its business between electric, gas vehicles
Confirming rumors that have swirled for months, Ford announced that it was splitting into “two distinct, but strategically interdependent, auto businesses” called Ford Blue and Ford Model E. While Ford Blue will manage all of the internal combustion engine vehicles, Ford Model E represents its push into electric vehicles, with products like the Mustang Mach-E… Continue reading Ford is splitting its business between electric, gas vehicles
One Raises Additional $65M in Series A Funding
Our Next Energy, Inc., a Novi, Michigan-based energy storage technology company, raised $65M in Series A funding. This new funding round, which followed a $25M Series A in October 2021, was led by BMW i Ventures with participation from Coatue Management, Breakthrough Energy Ventures, Assembly Ventures, Flex and Volta Energy Technologies. The company intends to use the funds to expand its operations and prepare for… Continue reading One Raises Additional $65M in Series A Funding
Rivian hikes the base price of its quad-motor R1T pickup by $12,000
Rivian has raised the original $67,500 base price of its quad-motor R1T electric pickup with large battery packs to $79,500 (sans destination charges). That’s a whopping $12,000 increase that will apply to most reservation holders except for those in the very final stages of purchase. The price of the R1S SUV (below) is also being… Continue reading Rivian hikes the base price of its quad-motor R1T pickup by $12,000
Kia will let you summon an actual human to charge your EV
When your Kia electric vehicle is out of power, you can now order a technician who will arrive with a battery and charge it for you. The automaker is partnering with Currently, an on-demand mobile EV charging app, to service Kia customers in Los Angeles, San Francisco and San Jose. While there’s no shortage of… Continue reading Kia will let you summon an actual human to charge your EV