China Evergrande’s electric car unit warned on Friday it faced an uncertain future unless it got a swift injection of cash, the clearest sign yet that the property developer’s liquidity crisis is worsening in other parts of its business. Evergrande owes $305 billion, has run short of cash and investors are worried a collapse could… Continue reading Evergrande misses payment deadline on bond, EV unit warns of cash crunch
Category: Tech News
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Rivian will open a $4.6M service support center as it prepares for first vehicle sales
Rivian, the electric vehicle startup that’s gearing up for an initial public offering, continues its trend of growing fast. The company will be opening a service support operations facility for vehicle owners in Plymouth, Michigan — and just in time, as deliveries of the launch edition of the R1T pickup are expected to commence late… Continue reading Rivian will open a $4.6M service support center as it prepares for first vehicle sales
Lamborghini Huracán STO: A final celebration before electrification
The Lamborghini Huracán is the best-selling sports car that Lamborghini makes, and its days as a combustion-powered super sports car are numbered. Since the Huracán’s inception in 2014, the company says it has sold 17,500 worldwide, but that won’t be enough to save the V10 engine — no matter how much customers want it. The… Continue reading Lamborghini Huracán STO: A final celebration before electrification
Honda will use Google’s embedded Android Automotive in its cars starting in 2022
Google nabbed another big automaker in its quest to become the default operating system for cars. Honda will soon begin rolling out vehicles with Google’s embedded Android Automotive OS, which includes Google’s voice-activated Assistant, Google Maps, and other automotive-approved Android apps as the default infotainment. The first Honda vehicles with embedded Android will start rolling… Continue reading Honda will use Google’s embedded Android Automotive in its cars starting in 2022
Hyundai and Motional expand their footprint in Las Vegas ahead of robotaxi launch
Motional, the autonomous vehicle company that is a joint venture between Hyundai and Aptiv, is growing its presence in Las Vegas as it gears up to launch a commercial robotaxi service in 2023. The company is tripling the size of its closed-course testing facility, doubling its operations center, and hiring over 100 new employees. The… Continue reading Hyundai and Motional expand their footprint in Las Vegas ahead of robotaxi launch
Tesla (TSLA) breaks ground on new ‘Megafactory’ to produce Megapack batteries
Tesla announced that it has broken ground on a new facility called ‘Megafactory’ in Lathrop, California. It will be used to produce Megapacks, Tesla’s biggest batteries for stationary energy storage. As of now, Tesla exclusively produces its battery packs for its energy division, Powerwall, Powerpacks, and Megapacks, at Gigafactory Nevada. But now it looks like… Continue reading Tesla (TSLA) breaks ground on new ‘Megafactory’ to produce Megapack batteries
Electric utility bike company Ubco scores $10M strategic investment with TPK
New Zealand-based electric utility bike company Ubco announced a new strategic partnership with TPK Holdings, a Taiwanese electric components manufacturing company. As part of the agreement, TPK will be leading Ubco’s Series B with a $10 million investment, bringing the company’s total funding to $23 million. TPK will also bring the company significant supply chain… Continue reading Electric utility bike company Ubco scores $10M strategic investment with TPK
Workhorse suspends delivery, recalls dozens of its flagship electric vans
Ohio-based electric vehicle startup Workhorse is suspending deliveries of its C-1000 electric delivery vans and recalling 41 vehicles that have already been sent to customers, telling regulators the vans need “additional testing and modifications” in order to comply with federal safety standards. It was the latest setback for the company, which recently abandoned its effort… Continue reading Workhorse suspends delivery, recalls dozens of its flagship electric vans
FedEx to test Aurora’s self-driving trucks on Dallas-to-Houston route
FedEx has started to use self-driving trucks to haul goods between Dallas and Houston as part of a pilot program with autonomous vehicle startup Aurora and heavy-duty vehicle manufacturer Paccar. Paccar trucks that are equipped with Aurora’s technology will be used multiple times a week to complete the nearly 500-mile route along Interstate 45, the… Continue reading FedEx to test Aurora’s self-driving trucks on Dallas-to-Houston route
Workhorse Group suspends deliveries, recalls C-1000 electric delivery van
EV startup Workhorse Group is recalling 41 of its C-1000 cargo delivery vehicles and suspending the remainder of its deliveries for this model, telling regulators Wednesday that “additional testing” is needed to certify the vehicles under Federal safety standards. All automakers must certify their vehicles under the Federal Motor Vehicle Safety Standards, minimum safety performance… Continue reading Workhorse Group suspends deliveries, recalls C-1000 electric delivery van