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China’s EV startup Xpeng to acquire Didi’s electric vehicle unit in a deal valued at around $744 million
Nickie Louise Posted On August 28, 2023


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 […]


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Swedish EV battery startup Northvolt raises $5 billion in funding from BlackRock, others to expand its factory footprint
Nickie Louise Posted On August 22, 2023


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, […]


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Tesla Model X computer shuts down on a busy Los Angeles freeway. You won’t believe what happened next
Nickie Louise Posted On August 21, 2023


Tesla is undoubtedly the most popular electric vehicle maker in the world. The company is known for its commitment to safety and engineering excellence. The Tesla Model X, the luxury version, is the very first SUV ever to achieve a […]


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Vietnam’s EV tech startup VinFast goes public in a $23 billion SPAC merger deal
Daniel Levi Posted On August 15, 2023


Vietnamese electric vehicle (EV) tech startup VinFast finally makes its debut on the Nasdaq stock exchange following the completion of its successful SPAC merger with the U.S.-listed special purpose acquisition company (SPAC) Black Spade Acquisition. Immediately after the market opens, […]


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EV tech startup Smart to raise around $300 million in Series A funding led by Tianqi Lithium
Nickie Louise Posted On July 13, 2023


While artificial intelligence continues to dominate the headlines, investors continue to pour billions into startups working on climate change, renewable energy, and electric vehicles as part of the efforts to accelerate the transition away from traditional combustion-based technologies and move […]


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EV tech startup Faraday Future raises $90M in funding for the production launch of its FF91 electric SUV
Daniel Levi Posted On June 27, 2023


The ongoing global economic downturn has led to a funding drought, forcing tech startups to lay off some of their employees and freeze hiring while also making it difficult for them to raise new funding. One of the startups feeling […]


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China’s Tesla challenger Nio to raise $738.5 million from Abu Dhabi-based CYVN Holdings
Nickie Louise Posted On June 20, 2023


Just a month after investing $142 million in nuclear fusion startup Neo Fusion, Chinese EV maker Nio said Tuesday that CYVN Holdings, a firm backed by the Abu Dhabi government, will be investing approximately $738.5 million. Nio said the fresh […]


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UK startup Helixx partners with Siemens to make affordable commercial EVs in India; raises $1.3 million
Daniel Levi Posted On June 19, 2023


As the demand for electric vehicles (EVs) soared, technology startups are striving to make EVs affordable and accessible to consumers in developing countries. One such startup is Helixx, a UK-based mobility manufacturing tech company looking to revolutionize the electric commercial […]


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Indian electric scooter startup OLA Electric in talks with investors about its $1 billion planned IPO
Daniel Levi Posted On June 9, 2023


Ola Electric, a Bengaluru, India-based electric scooter startup, is reportedly gearing up for its highly anticipated stock market listing, according to Reuters, which first reported the story. Citing sources familiar with the matter, Reuters said that the six-year-old startup is […]


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Chinese electric car startup JAC unveils the world’s first EV car that runs on SODIUM-ion battery
Daniel Levi Posted On May 30, 2023


The prevailing narrative and common misconception here in the United States is that China imitates and cannot innovate. But this perception is far from accurate. When examining crucial indicators of innovation and performance in advanced industries, China has actually surpassed […]


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Chinese EV maker Nio invests $142 million in nuclear fusion startup Neo Fusion
Nickie Louise Posted On May 19, 2023


Despite billions of dollars being poured into generative AI startups following the recent success of ChatGPT, investors are slowly warming up to nuclear fusion startups as the technology shows increasing promise. Last week, we wrote about Helion after Microsoft agreed […]


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George Soros lost millions in his investment in electric truck startup Rivian; reduces stake after 90% drop from peak
Daniel Levi Posted On May 18, 2023


Early last year, we wrote about Billionaire investor George Soros after he bought nearly 20 million shares of electric truck startup Rivian Automotive in December 2021. According to the SEC filings, Soros bought nearly 20 million (a total of 19,835,761) […]


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Qualcomm acquires Israeli auto-chip maker startup Autotalks in a $350-400 million deal
Nickie Louise Posted On May 8, 2023


Qualcomm announced on Monday it would buy Israeli auto-chip maker startup Autotalks. While the financial terms of the deal were not disclosed, Qualcomm reportedly paid approximately $350-400 million for the company. The announcement comes two years after Qualcomm partnered with […]


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EV tech startup Lucid to lay off 1,300 employees, or about 18% of its workforce
Nickie Louise Posted On March 28, 2023


Luxury electric vehicle startup Lucid Group announced Tuesday it is laying around 1,300 employees, or about 18% of its workforce, as part of a restructuring plan and cut-cutting measures. The news comes just a month after the company’s 2023 production […]


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Rivian in talks to end exclusivity deal with Amazon for its EV delivery trucks and court new customers
Nickie Louise Posted On March 13, 2023


Electric vehicle (EV) maker Rivian Automotive is in talks with its largest shareholder Amazon to end the exclusivity part of their electric van deal, CNBC reported, citing the company spokeswoman. As we reported back in 2019, Amazon had placed an […]


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Clean energy startup ClearFlame raises $30M in funding to make heavy-duty diesel engines run on renewable fuels
Daniel Levi Posted On March 9, 2023


Unknown to many, the transportation sector is the largest domestic contributor to climate change. According to the US Department of Transportation (DOT), the U.S. transportation sector is responsible for more greenhouse gas emissions than any other sector of our economy. […]


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Utah-based EV startup Hypercraft lands $6.5 million to electrify racing vehicles, watercraft, and more
Nickie Louise Posted On February 21, 2023


With rising interest in recreational boating around the world, the outboard engines market surpassed $10.5 billion in 2022 and is expected to grow by 5 percent from 2023 to 2032. However, most outboard engines still run on fossil fuels, which […]


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Tesla to open some of its U.S. charging network to rivals as part of the $7.5  billion federal program
Nickie Louise Posted On February 15, 2023


As part of the $7.5 billion federal program to electrify the nation’s highways to cut carbon emissions, Tesla has agreed to open part of its U.S. charging network to electric vehicles (EVs) made by rivals, the Biden administration said on […]


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Zeekr, a Geely’s EV spinoff, raises $750M in funding at a $13 billion valuation to fuel global expansion
Nickie Louise Posted On February 13, 2023


In April 2021, China’s auto giant Geely Automobile and its parent company Zhejiang Geely Holding Group announced the launch of a high-end Zeekr electric-vehicle brand aimed at younger buyers. Then in August of last year, Zeekr raised $500 million in […]


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Jury: Musk didn’t deceive investors with 2018 ‘funding secured’ tweets; Musk and Tesla not liable in securities fraud 
Nickie Louise Posted On February 3, 2023


After almost five years of legal, a jury on Friday found Elon Musk and his company, Tesla CEO not liable in a securities fraud trial following ‘funding secured’ tweets. In a decisive win for the billionaire, the jury said Musk […]


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