Rivian will receive a $1.5 billion incentives package to build its massive factory in Georgia, according to documents posted Monday by the state’s Department of Economic Development. That sizable carrot — the biggest in the state’s history — comes with several commitments from Rivian, including that it will hire 7,500 people who will earn an… Continue reading Rivian lands $1.5B incentives package to build massive EV factory in Georgia
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Toyota unit signs deal with Thailand on EV incentives
The Thai unit of Toyota Motor Corp on Friday signed an agreement with Thailand on incentives to promote the use of electric vehicles in Southeast Asia’s major auto production base. The EV incentives include tax breaks and subsidies to help reduce the price of EVs to make them more affordable, the finance ministry said in… Continue reading Toyota unit signs deal with Thailand on EV incentives
GM denies reports about Spark EV battery replacements, blames supply disruption
General Motors has denied reports that it’s no longer providing battery replacements for the all-electric version of the Chevy Spark, according to Kevin Kelly, a spokesperson for the company. Kelly told The Verge in an email that the company is “currently experiencing a temporary disruption in the supply of new Spark EV packs,” but that… Continue reading GM denies reports about Spark EV battery replacements, blames supply disruption
Rivian announces another shipping delay but also some cool new software features
Rivian is experiencing a production issue with an interior trim option for its electric vehicles. Some reservation holders of the company’s R1T electric truck and R1S SUV received emails this week saying that the Ocean Coast trim is “more challenging to produce” and will be delayed to later this fall (via Electrek). It’s not the… Continue reading Rivian announces another shipping delay but also some cool new software features
GM expects to spend $2B on Cruise in 2022
General Motors expects expenses for its autonomous driving subsidiary Cruise to about $2 billion this year, GM’s chief financial officer Paul Jacobson said in the company’s first-quarter earnings call. Cruise nor GM provided a detailed accounting of exactly what that $2 billion would be used for. TechCrunch will update the article if Cruise responds to requests… Continue reading GM expects to spend $2B on Cruise in 2022
Ford teases a second electric pickup truck
Ford will build a second EV truck, CEO Jim Farley said Tuesday during the automaker’s splashy event to celebrate the production launch of the electric F-150 Lightning truck. The F-150 Lightning is a full-size truck and the third EV in Ford’s battery-electric lineup following the Mustang Mach E and the commercial E-Transit van. Farley didn’t… Continue reading Ford teases a second electric pickup truck
Chevy showcases new cab options for Silverado EV in just-released video
Today is Ford F-150 launch day, so the other electric truck makers are making some news including Chevy with a Silverado EV video that includes some new details on the 400-mile range pickup due next year. Namely some new bed cab options… The Chevrolet Silverado EV for a refresher offers: Expected GM-estimated up to 400-mile… Continue reading Chevy showcases new cab options for Silverado EV in just-released video
Egyptian MaaS startup Swvl enters Turkish markets with latest acquisition
Swvl, an Egyptian startup that provides shared transportation services for intercity and intracity trips, has expanded into Turkey with its recent acquisition of Volt Lines, a B2B transportation-as-a-service operator. The primarily stock deal, which was valued at around $40 million, gives Swvl access both to Volt Lines’ tech as well as its over 110 corporate… Continue reading Egyptian MaaS startup Swvl enters Turkish markets with latest acquisition
Vietnam’s VinFast must steer clear of many road blocks for a successful US listing …
Vietnamese electric vehicle (EV) company VinFast, whose Singapore-based holding company has filed for a US public listing, faces a rocky road before it can appeal to retail investors. While the filing to US regulators did not specify the size and price range of the IPO, VinFast is reportedly looking to raise $2 billion at a… Continue reading Vietnam’s VinFast must steer clear of many road blocks for a successful US listing …
GM teases ‘electrified’ version of the Chevy Corvette coming next year
General Motors will release an “electrified” version of the Chevy Corvette next year, followed by a fully electric version of the iconic sports car soon after that, the automaker’s president Mark Reuss said on CNBC Monday. Reuss wouldn’t confirm when the all-electric ‘Vette would make its debut, but did note that “this is coming very… Continue reading GM teases ‘electrified’ version of the Chevy Corvette coming next year