Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., briefly tumbled below its November IPO price as the industry darling faces growing competition in the EV market. The move extends a drop from Wednesday, the biggest since mid-November, after Amazon announced a deal with Stellantis NV to buy electric delivery vans. While Rivian… Continue reading Rivian plunges below IPO price on mounting EV competition
Tag: Electric vehicles
New van market grows by a fifth as battery electric demand more than doubles
UK new light commercial vehicle (LCV) registrations end the year up 21.4%, some 62,723 units more than last year and just -2.8% down on 2019. Sector grew 7.8% in best December since 2015. 355,380 of the latest, cleanest models join UK roads in 2021, including a record 12,759 battery electric vans. SEE LCV REGISTRATIONS BY… Continue reading New van market grows by a fifth as battery electric demand more than doubles
Covid stalls 2021 UK new car market but record EV sales show future direction
1.65m new cars registered in 2021 – up just 1.0% on pandemic-ravaged 2020 and -28.7% below pre-Covid levels as myriad challenges subdue market. Plug-in vehicles account for record more than one in six registrations, while battery electric cars alone rise to one-in-nine, with more registered than 2016-2020 combined. Industry calls for incentive extension and mandated… Continue reading Covid stalls 2021 UK new car market but record EV sales show future direction
Tesla Drives 750 Miles With Upgraded Battery
Double the kilowatt-hours in the “same space as the original battery.” Battery Park Michigan-based startup Our Next Energy (ONE) installed a new battery in a Tesla Model S — and it says the upgrade allowed the vehicle to cover an astonishing 752 miles on a single charge. The startup installed a much higher capacity battery… Continue reading Tesla Drives 750 Miles With Upgraded Battery
@FCA: Free2Move Begins 2022 With Expansion of Its Subscription Solution to New California Cities
Free2Move Begins 2022 With Expansion of Its Subscription Solution to New California Cities San Francisco, San Diego, San Jose and Sacramento Join Los Angeles January 6, 2022 , Los Angeles – Free2Move, driven to develop flexible mobility solutions that meet evolving market demands, is accelerating expansion of its Car On Demand service. This all-inclusive monthly subscription… Continue reading @FCA: Free2Move Begins 2022 With Expansion of Its Subscription Solution to New California Cities
VW sets a date for the reveal of its production-ready electric Microbus
Nearly five years after it first revealed its ID Buzz concept at the Detroit auto show, Volkswagen is finally ready to show off a production-ready version of the beloved vehicle. VW CEO Herbert Diess tweeted that the “legend returns” on March 9th, along with a gif of the automaker’s iconic Microbus. A staple of coastal… Continue reading VW sets a date for the reveal of its production-ready electric Microbus
All-electric Chevrolet Silverado will debut spring 2023
Yahoo Finance’s Pras Subramanian discusses GM’s 2024 all-electric Chevrolet Silverado, which will be available for purchase in spring 2023. Video Transcript – Welcome back to “Yahoo Finance Live.” We are getting new updates in terms of what some big EV players are planning with a traditional model. That would be the new Silverado. And want… Continue reading All-electric Chevrolet Silverado will debut spring 2023
REE AUTOMOTIVE APPOINTS DAVID GOLDBERG AS CHIEF FINANCIAL OFFICER
Mr. Goldberg brings to REE 20 years of experience in corporate finance, mergers & acquisitions, and management consulting with progressively senior roles at Morgan Stanley, Bain & Company, Greenhill & Co. and Magna International. In his new role as REE’s CFO, Mr. Goldberg will lead all aspects of REE’s financial functions, strategic industry partnerships and… Continue reading REE AUTOMOTIVE APPOINTS DAVID GOLDBERG AS CHIEF FINANCIAL OFFICER
BMW unveils car that changes colour at touch of a button
BMW unveils car that changes colour at touch of a button Electronic ink wrap around electric model changes between black and white and even light and dark stripes 0 BMW chameleon car changes colour – video BMW has unveiled a chameleon car that changes colour, in the latest attempt by automotive firms to combine their… Continue reading BMW unveils car that changes colour at touch of a button
@niche: EV Technology Pioneer Joins Xos: Meet Scott Zion, Our Director of Medium Duty Vehicles001541
In addition to our zero-emission electric trucks, the people who make up Team Xos are the secret ingredient that sets us apart. We are fortunate to have incredible talent with deep experience in the automotive and technology industries. Today, we’re excited to welcome one more Xos leader into the fold — Scott Zion — who… Continue reading @niche: EV Technology Pioneer Joins Xos: Meet Scott Zion, Our Director of Medium Duty Vehicles001541