November 13, 2024
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Nikola founder Trevor Milton sentenced to 4 years in prison for defrauding investors
Nickie Louise Posted On December 18, 2023


The disgraced founder of Nikola, Trevor Milton, has been handed a four-year prison sentence following his conviction for defrauding investors in October 2022. In a rather unusual courtroom scene, Milton, in an attempt to avoid the prison term, brought up various […]


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Tesla to roll out software updates for over 2 million vehicles in the U.S. to resolve Autopilot ‘defect’
Nickie Louise Posted On December 13, 2023


Tesla is pushing software updates to nearly every Tesla car sold in the United States to address a defect in the company’s Autopilot system, making it the largest-ever in Tesla history Tesla is rolling out software updates for almost every […]


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Tesla unveils Cybertruck with up to 470 miles of range and a $61,000 starting price
Daniel Levi Posted On November 30, 2023


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 […]


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TROES named to Foresight 50 as one of Canada’s most investable cleantech ventures
Nickie Louise Posted On November 21, 2023


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 […]


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Cruise takes all its driverless vehicles off public roads following a pedestrian collision, expands safety investigation
Daniel Levi Posted On November 16, 2023


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 […]


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BlackRock-backed EV startup Jolt launches on-street chargers in UK
Nickie Louise Posted On November 14, 2023


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 […]


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Tesla aims to make 200,000 Cybertrucks per year, up from 125,000; release date set for Nov. 30
Daniel Levi Posted On October 31, 2023


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 […]


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How to Boost Greater Plug-in Hybrid (PHEV) Fleet Driver Engagement: 5 Strategies for Companies
Nickie Louise Posted On October 26, 2023


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, […]


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Stellantis invests $1.6 billion in Chinese EV startup Leapmotor to boost its presence in China
Nickie Louise Posted On October 26, 2023


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 […]


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Bankrupt electric truck startup Volta Trucks is seeking buyers after raising $390 million in funding
Nickie Louise Posted On October 20, 2023


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 […]


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Global Venture Funding Increased in Q3 2023 to Reach $64.6 Billion, Up 11% From the Previous Quarter
Daniel Levi Posted On October 12, 2023


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 […]


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Vietnam’s EV startup VinFast to acquire battery maker VinES from its founder two months after going public
Nickie Louise Posted On October 11, 2023


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 […]


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Chinese EV startup WM Motor files for bankruptcy as price competition heats up
Daniel Levi Posted On October 10, 2023


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 […]


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Lucid loses $338,000 for every electric vehicle sold as price war with Tesla heats up
Daniel Levi Posted On October 6, 2023


“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 […]


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Peak Energy launches from stealth with $10M in funding to mass-produce giant batteries to store solar and wind energy
Nickie Louise Posted On October 6, 2023


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 […]


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German self-driving startup Fernride secures $50M to boost its “human-assisted” autonomous freight trucks
Nickie Louise Posted On September 20, 2023


German autonomous vehicle startup Fernride has secured $50 million in Series A funding to further enhance the deployment of its “human-assisted” self-driving freight trucks within customer logistics yards, the company announced on Wednesday. Originally, the Munich-based startup had closed its […]


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Tesla wins as strike between Detroit automakers and UAW reaches day four
Nickie Louise Posted On September 18, 2023


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 […]


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United auto workers (UAW) want “an average pay of $300,000 a year for a 4-day work week,” Ford CEO says
Daniel Levi Posted On September 15, 2023


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 […]


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Tesla is building Dojo, an AI supercomputer for robo-taxis that could add $600 billion to its market value
Daniel Levi Posted On September 11, 2023


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 […]


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China’s largest EV maker BYD to buy US-based Jabil’s mobility business for $2.2 billion
Nickie Louise Posted On August 28, 2023


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 […]


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