Elon Musk isn’t about to catch a hoped-for break from the SEC any time soon. Sources for The Wall Street Journal claim the SEC is investigating whether Musk and his brother Kimbal violated insider trading regulations with recent share sales. Officials are concerned Elon might have told Kimbal he planned to ask Twitter followers about… Continue reading SEC opens investigation into Elon Musk over possible insider trading
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Nikola reports EV truck progress, stiff losses as it closes out turbulent 2021
Nikola Corp., the electric truck startup that went public via a SPAC, is coming closer to commercial activity after a history of over-promising, missed deadlines and investigations into its founder for lying to investors. In its fourth-quarter earnings report released Thursday, Nikola ticked off a number of recent milestones and, critically, its plans to begin… Continue reading Nikola reports EV truck progress, stiff losses as it closes out turbulent 2021
EVgo announces Toyota bZ4X customers will receive one year of free EV fast charging
US public charging network, EVgo, has announced a commercial agreement with Toyota Motor North America to provide upcoming bZ4X customers with one year of free charging on its network. Toyota is EVgo’s latest automotive partner as it looks to continue to expand its public charging network and expedite EV adoption for US consumers. Toyota sits… Continue reading EVgo announces Toyota bZ4X customers will receive one year of free EV fast charging
Ford CEO calls out NIO and Tesla as the competition ‘it must beat,’ denies rumors of splitting ICE and EVs into separate businesses
Ford’s Chief Executive Officer, Jim Farley, recently spoke during a virtual auto tech conference held by Wolfe Research, in which he spoke about Ford’s plans for the future. During the webcast, the Ford CEO specifically named Tesla and NIO as its biggest competitors, vowing to beat them. He also denied previously reported rumors about Ford’s… Continue reading Ford CEO calls out NIO and Tesla as the competition ‘it must beat,’ denies rumors of splitting ICE and EVs into separate businesses
Temasek-backed Ola Electric plans to build battery plant in India
Softbank Group-backed Ola Electric plans to build a battery cell manufacturing plant in India with a capacity of up to 50 gigawatt hours (GWh), a source told Reuters, as part of its broader electrification push. Ola will need 40 Gwh of battery capacity to meet its annual target to produce 10 million electric scooters and the remainder will be for electric cars,… Continue reading Temasek-backed Ola Electric plans to build battery plant in India
China says ride-hailing firms must disclose pricing details to the public
China‘s transport ministry said on Thursday that ride–hailing companies should disclose pricing details to the public, according to state broadcaster China Central Television. Wang Xiuchun, deputy director of the Department of Transport Services of the Ministry of Transport, also said at a press conference that online ride–hailing firms should set reasonable upper limits on commissions and make them public. Reuters Go to Source
Tesla announces new investment in Gigafactory Shanghai on road to 1 million electric cars per year
Tesla announced a new investment to expand production at Gigafactory Shanghai on the road to achieving a production capacity of 1 million electric cars per year at the factory. Last year, CEO Elon Musk disclosed that Gigafactory Shanghai has now surpassed Fremont Factory in production capacity, and Tesla has made the Chinese factory its new main… Continue reading Tesla announces new investment in Gigafactory Shanghai on road to 1 million electric cars per year
Waymo wins bid to keep some of its robotaxi safety details secret
Waymo is allowed to keep some of its autonomous vehicle safety data secret after a California court ruled in the Alphabet company’s favor in a lawsuit filed against the state’s Department of Motor Vehicles (via TechCrunch). Last month, Waymo sued the DMV to block a public records request from an unidentified party seeking Waymo’s application… Continue reading Waymo wins bid to keep some of its robotaxi safety details secret
GM shuts downs Marketplace, the app that let you buy gas and coffee from your car’s screen
General Motors is shutting down its in-car shopping app, Marketplace, which allowed customers to buy coffee, pay for gas, or make restaurant reservations from the infotainment screen of their vehicles. The service will be discontinued March 2022. (The news was first reported by CNBC.) The app, which was first introduced in 2017, was part of… Continue reading GM shuts downs Marketplace, the app that let you buy gas and coffee from your car’s screen
Waymo to keep robotaxi safety details secret, court rules
Waymo, the autonomous driving arm of Alphabet, was granted a win on Tuesday when a California court ruled it could keep certain details regarding its AV technology secret. The company filed a lawsuit against the California Department of Motor Vehicles in late January in order to keep some information about its autonomous vehicle deployment permit,… Continue reading Waymo to keep robotaxi safety details secret, court rules