Stories by Peter McGuthrie

Our Next Energy to Invest $1.6 Billion on EV Battery Plant in Detroit

Our Next Energy plans to spend $1.6 billion on a new battery cell plant in suburban Detroit to produce lithium iron phosphate cells and battery packs, as detailed in a report from Automotive News. The company, often dubbed “ONE,” signed a lease in Michigan for a 659,589-square-foot building located 25 miles west of downtown Detroit […]

Virginia County Students Will Get SpaceX Starlink Internet Access

SpaceX is set to provide Starlink internet to Wise County, Virginia through a grant from the Virginia Coalfield Economic Development Authority (VCEDA), as detailed in a report from the Bristol Herald Courier. The grant money will be dedicated to providing the low-Earth orbit satellite internet service to unserved and underserved households with school children in […]

Sixt to Buy 100,000 EVs from BYD Through 2028

BYD is partnering with e-mobility company Sixt in a sale of several thousands of EVs, with deliveries set to begin taking place this year, as detailed in a press release from the ride-sharing platform this week. Following initial deliveries in Q4 2022 in Europe, Sixt also plans to purchase 100,000 EVs through 2028 and the […]

SpaceX Begins Upgrading Backup Pad at Cape Canaveral

Ahead of the Crew-5 Mission launch this week, SpaceX is looking to upgrade a secondary pad at the Cape Canaveral launch site. SpaceX is planning upgrades on another launchpad at Kennedy Space Center to be used as a backup for future cargo and crew missions, as reported by Space News. The news comes as SpaceX […]

Cathie Wood’s ARK Invest Buys Over 130,000 Tesla Shares on the Dip

After Tesla’s shares dropped following fewer deliveries than expected, but one investing firm saw the moment as an opportunity. Cathie Wood’s investing firm Ark has purchased more Tesla shares across multiple branches, as detailed in a report from Barron’s. The purchase came after Tesla’s stock dropped despite its record deliveries in Q3, that missed Wall […]

Ford Says Heavy-Duty EV Trucks Not Coming Anytime Soon: CEO

Ford, General Motors (GM) and Fiat Chrysler are planning light-duty EV pickups, but the Detroit 3 may not be planning for a heavy-duty pickup EV anytime soon, as detailed in a new report from Automotive News. The high-margin profit and heavy use cases offered by Ford’s corporate Super Duty customers is greater than Southwest Airlines, […]

Tesla Giga Shanghai to Stay Open on China’s National Day Holiday: Report

As China celebrates its legal holiday of National Day this week, Tesla’s Gigafactory Shanghai will stay open with some added benefits for employees who work for the holiday. Tesla’s Giga Shanghai is remaining operational during China’s National Day holiday running from October 1 to 7, as reported by a source familiar with the matter reporting […]

Maserati GranTurismo Folgore EV Has Tri-Motors with 760 Horsepower

After Italian automaker Maserati announced the Folgore electric vehicle (EV) last month, the company has shared more details about its upcoming battery-electric version of the GranTurismo vehicle, as announced in a press release on Monday. In addition to the Modena and Trofeo gas variants, Maserati will release the GranTurismo Folgore EV featuring an 800-volt engine […]

Tesla Said to Expand Gigafactory Nevada Soon, Says Report

Tesla is looking to expand Gigafactory Nevada after years of announcing plans to do so, according to sources familiar with the matter reporting to electrek. Past statements by Tesla held that the Giga Nevada location would be able to produce around 105 GWh of battery cells per year and 150 GWh of battery packs per […]