Most companies, especially in the automotive industry, typically keep their technological advancements as closely guarded secrets. However, Tesla stands out from the crowd. In a surprising move that has caused ripples in the electric vehicle (EV) sector, Tesla is now […]
After two years of delays and production challenges, the long-awaited Tesla Cybertruck has finally arrived. Tesla’s CEO, Elon Musk, personally handed over the first Cybertrucks with Blade Runner-inspired to their new owners, including Reddit co-founder Alexis Ohanian, during an event […]
TROES, a pioneer in energy storage solutions, has been named one of Foresight Canada’s Foresight 50 for 2023, solidifying its position as one of Canada’s most promising cleantech ventures. Foresight, a well-known cleantech accelerator, went through an extensive selection process […]
Cruise, the autonomous vehicle division owned by General Motors, announced on Tuesday a halt to all public road operations of its driverless vehicles, including supervised and manual activities. This move expands upon last month’s pause of driverless operations. The decision […]
Jolt, an Australian EV charging startup, announced on Tuesday it is rolling out on-street EV chargers in London, England. The move is part of the company’s broader strategy to install 5,000 chargers across the United Kingdom within the next three […]
Tesla is aiming to make 200,000 units of its electric pickup truck Cybertruck per year once production ramps up, Tesla CEO Elon Musk revealed on the “Joe Rogan Experience” podcast on Tuesday. The highly anticipated Cybertruck is set to commence […]
This is an op-ed from Kate Harrison, Co-Founder of MoveEV, an AI-backed EV transition company that helps organizations convert fleet and employee-owned gas vehicles to electric, and reimburse for charging at home. In a world increasingly concerned about environmental sustainability, […]
Stellantis, the maker of Jeep and Dodge, has acquired a 21% stake in the Chinese EV startup Leapmotor in a $1.6 billion deal as part of the effort to enhance its presence in China’s electric vehicle (EV) market. In an […]
The management of the bankrupt electric truck startup, Volta Trucks, is actively pursuing a buyer to rescue the company from administration and facilitate the final stages of ramping up production to meet mass production targets, Reuters reported on Friday, citing […]
CB Insight has released its highly anticipated “Q3 2023 State of Venture Report,” bringing with it some good news on the global venture funding front. According to the report, the funding landscape experienced a significant resurgence as global venture funding […]
Just two months after going public in a $23 billion SPAC merger deal, Vietnamese electric vehicle maker VinFast announced Wednesday. that it will acquire a 99.8% stake in the battery maker VinES from its founder, Pham Nhat Vuong. The move […]
Just last week, we wrote about Lucid Motors following a report that the electric vehicle startup lost $338,000 for every electric vehicle sold. This news was a big blow to the company, which has been struggling to stay afloat after […]
“Lucid may burn $338,000 per vehicle in EBITDA this year, an increase from $325,000 just months ago, demonstrating how its unsustainable business model requires significant scaling and additional funding — likely before 2025.” Luxury EV maker Lucid is in big […]
Peak Energy, a clean energy storage startup founded by veterans from Tesla and Northvolt, has launched from stealth mode with $10 million in funding to mass-produce giant sodium-ion batteries to store solar and wind energy and accelerate the renewable energy […]
While all eyes are on the ongoing labor dispute between Detroit’s car manufacturers and their unionized United Auto Workers (UAW), one clear winner is already emerging—Elon Musk. The UAW went on strike on Friday, September 15, 2023, after negotiations with […]
The United Auto Workers (UAW) went on strike on Friday, September 15, 2023, after negotiations with Detroit’s three major automakers—Ford, General Motors, and Stellantis—failed to yield an agreement. The targeted strike marks the first time since 1970 that the UAW […]
Three years ago, Tesla’s CEO Elon Musk announced on Twitter that the company was developing a powerful AI supercomputer named Dojo “to process a vast amount of video data” from the millions of Tesla vehicles on the road. The new […]
The ongoing surge of mergers and acquisitions (M&A) activity that originated at the start of summer is in full swing. Joining the wave is China’s largest electric vehicle (EV) manufacturer, BYD. Today, BYD announced that its electronics division has reached […]
Chinese EV maker Xpeng said it would buy Didi’s electric car development business – a deal worth up to $744 million that will see it supply vehicles to the ride-hailing giant, boosting production and cutting costs. The all-stock deal further […]
Northvolt, the Swedish lithium-ion battery startup founded by a former Tesla executive, has raised a massive $1.2 billion in funding to construct new manufacturing facilities in Europe and North America, the company announced Tuesday. The round was led by BlackRock, […]
