In a warning shot to a thriving corner of Wall Street, federal authorities on Thursday filed criminal and civil securities fraud charges against the founder of Nikola — a start-up automaker that went public by merging with an investment firm last year. An indictment by the U.S. attorney’s office in Manhattan charged the founder, Trevor… Continue reading Nikola Founder Trevor Milton Charged With Securities Fraud
Tag: Electric vehicles
General Motors Recalls Chevrolet Bolts Over Battery Fire Hazard
General Motors is recalling nearly 51,000 Chevrolet electric cars in the United States whose battery modules have been found to be at risk of catching fire. The recall covers Chevrolet Bolts from the 2017 to 2019 model years and comes after an earlier recall to add software designed to prevent the cars’ batteries from overheating.… Continue reading General Motors Recalls Chevrolet Bolts Over Battery Fire Hazard
Watch Tesla AI Day and follow the important news coming out of it
You can watch Tesla AI Day right here starting at 8:00 PM ET (5:00 PM PT) if Tesla is on time, which is a big ‘if’. We are also going to link to all the headline-worthy news coming out of the event. Over the last few years, Tesla started holding events, not really to unveil… Continue reading Watch Tesla AI Day and follow the important news coming out of it
Tesla will enter the Japanese energy market with a 6 MWh Megapack project
Tesla is reportedly about to enter the Japanese energy market with its energy storage products, starting with a 6 MWh Megapack project. Since its inception, Tesla has been intricately linked to Japan. Until Panasonic, a Japanese company, no other battery supplier wanted to sell li-ion to Tesla for use in electric cars. For years and… Continue reading Tesla will enter the Japanese energy market with a 6 MWh Megapack project
Heliox and Fermata partner on vehicle-to-everything (V2X) products
Fleet EVSE manufacturer Heliox is diving into the rapidly growing field of vehicle-to-everything (V2X) charging through a partnership with V2X service provider Fermata Energy. Through the new partnership, Heliox has developed a 20 kW bidirectional V2X-capable charger, which will be available later this year in the US. Heliox’s parent company Waterland Private Equity has made… Continue reading Heliox and Fermata partner on vehicle-to-everything (V2X) products
The new Motorola Edge gets a 108-megapixel camera but ditches the edge display
Motorola has a new version of its $700 Edge smartphone, bringing better cameras, a more modern processor, and an updated design. As with last year’s Edge, the new model doesn’t quite offer the best hardware Android has to offer, with a Snapdragon 778 5G processor, 6GB RAM and 128GB storage, or 8GB RAM / 256GB… Continue reading The new Motorola Edge gets a 108-megapixel camera but ditches the edge display
China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sources
Smartphone maker Xiaomi has been ramping up investments in EV suppliers after it unveiled its EV ambition with an investment of $10 billion in March, following its peers from Apple Inc to Huawei Technologies Co as they bet on more cars becoming battery-powered and smart. HONG KONG/SHANGHAI: Embattled Chinese property developer Evergrande Group is in… Continue reading China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sources
AI-packed ‘robocar’ puts Baidu in the self-driving fast lane
BEIJING — The vehicle has no steering wheel nor a gas or brake pedal, but the AI-loaded concept dubbed “robocar” unveiled Wednesday by Baidu, the Chinese company best known for its search engine, showcases its advances in an eight-year effort to develop autonomous-driving technology. The debut of the futuristic car coincides with Baidu’s renewed push to produce electric vehicles through… Continue reading AI-packed ‘robocar’ puts Baidu in the self-driving fast lane
Toyota to reduce production in Japan and North America due to chip shortage
Toyota said Thursday that it would reduce production in Japan and North America due to a shortage of semiconductor chips, a sign that even the best-run supply chains are being affected by the shortage. In Japan, the automaker will reduce production by 40 percent later this month and into September, which will affect most of… Continue reading Toyota to reduce production in Japan and North America due to chip shortage
Ample raises $160M to scale its battery swapping service
San Francisco-based Ample has raised a $160 million Series C to scale its battery swapping service, the largest round yet for the 8-year-old startup that wants to completely rethink how we use electric vehicles. Ample’s approach is relatively straightforward: Cars equipped with the company’s modular battery pack can drive into one of Ample’s automated charging… Continue reading Ample raises $160M to scale its battery swapping service