Rivian, the buzzy electric vehicle company backed by Ford and Amazon, reported a net loss of $1.59 billion in the first quarter of 2021 based on $95 million in revenue. The company said it delivered 1,227 vehicles to customers during the past three months, bringing its total number of deliveries to 2,148. Rivian said it… Continue reading Rivian lost $1.59 billion and delivered 1,227 electric trucks in the first quarter of 2022
Category: Tech News
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Vietnam’s Vinfast says IPO may be delayed to 2023 due to market uncertainty …
The chairman of Vietnam’s Vingroup conglomerate said on Wednesday that an initial public offering (IPO) for the company’s auto unit, VinFast, may be delayed until next year due to market uncertainty. The IPO is currently slated for the fourth quarter of this year. Vingroup Chairman Pham Nhat Vuong also told the company’s annual general meeting the… Continue reading Vietnam’s Vinfast says IPO may be delayed to 2023 due to market uncertainty …
Ford F-150 Lightning first drive: quiet storm
I am driving a pickup truck through Texas hill country. The buzzards are circling overhead, the road is empty as a moonlit prairie, and all’s right with the world. Or at least it should be. There is a noticeable lack of engine noise coming from under the hood of my truck. That’s because there is… Continue reading Ford F-150 Lightning first drive: quiet storm
Canoo warns it may not have enough funds to bring EVs to market
Canoo’s first-quarter earnings shows a company burning through cash, no near-term revenue and a warning that it may not have enough money to stay in business. Shares of Canoo, which were down 5% Tuesday, fell another 17.5% in after-market trading following the release of its earnings. It has since recovered and is now down more… Continue reading Canoo warns it may not have enough funds to bring EVs to market
Tesla recalls 130,000 vehicles due to CPU overheating, but the fix is again a software update
Tesla issued a new recall affecting almost 130,000 2021 and 2022 vehicles over a problem regarding the CPU of the center screen’s computer overheating. The good news is that the fix is again an over-the-air software update. The automaker has detected a problem where the center display may become laggy due to CPU overheating when… Continue reading Tesla recalls 130,000 vehicles due to CPU overheating, but the fix is again a software update
EV startup Canoo is running out of cash and doubtful about its future
Canoo, the struggling electric vehicle startup, thinks it’s about to run out of money. In stark terms, the company reports that it only has enough cash to last another quarter and is unsure whether it will be able to stay afloat beyond that. “As of the date of this announcement, we are reporting that there… Continue reading EV startup Canoo is running out of cash and doubtful about its future
Tesla reportedly stops production at its troubled Shanghai plant
Tesla has suspended most production at its Shanghai factory once again, this time due to issues preventing the company from getting the components it needs to build vehicles, according to a report from Reuters. Sources familiar with the situation told Reuters that the company halted work on Monday because of supply shortages as well. Production… Continue reading Tesla reportedly stops production at its troubled Shanghai plant
Renault to sell 34% of its Korea unit to China’s Geely for $207m …
Renault will sell just over a third of its Korea unit to China’s Geely Automobile Holdings for 264 billion won ($207 million) as the French automaker looks to shore up sales in its home market and focuses on its electric business. The deal also comes months after Geely and Renault announced a partnership to develop a lineup of… Continue reading Renault to sell 34% of its Korea unit to China’s Geely for $207m …
Tesla explains its approach to sourcing lithium, nickel, and cobalt directly from mines in impressive detail
Tesla released interesting and rare details about its approach to sourcing lithium, nickel, and cobalt directly from mines instead of through its cell suppliers. This approach is going to be critical as companies fight to secure those minerals for battery production to support electric vehicle growth. While Tesla sources the vast majority of its battery… Continue reading Tesla explains its approach to sourcing lithium, nickel, and cobalt directly from mines in impressive detail
Tesla significantly increases its battery recycling capacity, but only a few owner battery packs are coming back
Tesla confirmed that it has significantly increased its battery recycling capacity over the last year, but it currently only sees a few battery packs from consumer vehicles coming back. This effort is key to making battery-electric vehicles sustainable long term. When it comes to emissions throughout the entire life cycle, electric vehicles have two main… Continue reading Tesla significantly increases its battery recycling capacity, but only a few owner battery packs are coming back