Ford’s electric vehicle (EV) division, Model e, experienced significant financial setbacks in the first quarter of 2023, recording a staggering loss of $1.3 billion. This equates to an alarming $132,000 loss for each of the 10,000 vehicles sold during this period, marking a notable decline in performance from the previous year, where sales were 20% […]
In the first quarter of the year, BMW’s sales of fully electric vehicles significantly increased compared to the year-ago quarter. BMW reported a 41% increase in the delivery of battery-powered models, including the i4, iX1, and i7, in the three months leading to March, against the backdrop of a 28% rise in the group’s overall […]
Lucid has revealed its production and delivery figures for the first quarter ended March 31, 2024. The company announced it produced 1,728 vehicles and achieved deliveries of 1,967 vehicles during the quarter. This deliveries number beats Wall Street estimates and is far lower than the 2021 SPAC presentation where it said it was forecasted to […]
Uber Eats, in collaboration with Google’s Waymo, has expanded its services in Phoenix to include deliveries made by autonomous vehicles. This innovative step, building on the success of their autonomous ride-sharing partnership in Phoenix, marks a significant milestone in the evolution of delivery services. Starting today, residents of Tempe, Mesa, and Chandler may see their […]
Rivian has achieved a significant milestone, producing 100,000 cars, as it surpassed Q1 delivery expectations despite concerns over the electric vehicle (EV) sector’s growth. The company delivered 13,588 vehicles in the first quarter ended March 31, outperforming the forecast of 12,415 units by 16 analysts from Visible Alpha. This growth was driven by strong demand […]
Fisker has announced substantial reductions in the MSRP for several trims of its 2023 Ocean electric SUV. The price cuts are effective March 29, 2024, according to the company’s announcement on Wednesday. The top-tier 2023 Ocean Extreme trim sees the most dramatic reduction, with the MSRP dropping from $61,499 to $37,499 USD, a $24,000 decrease. […]
Lucid Group announced a significant financial boost today, revealing an agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund (PIF), for a $1 billion investment. This investment will come in the form of newly created series of convertible preferred stock through a private placement, contingent on customary closing conditions. The infusion […]
EV startup Fisker announced a six-week halt in the production of its Ocean SUV, as the company seeks urgent financial support. In a regulatory filing on Monday morning, Fisker revealed a dire financial situation, with just $121 million in cash and cash equivalents on hand as of March 15th, of which $32 million is restricted. […]
Rivian owners can now access select Tesla Superchargers in the U.S. and Canada, expanding the availability of charging for owners of the former’s electric vehicles. Tesla announced on Monday, “Select Superchargers now available for Rivian owners,” directing owners to “Download the Tesla App to charge,” by clicking here. At the end of February, Tesla shared […]
Porsche has expanded its electric vehicle lineup with the addition of two high-performance models: the Taycan Turbo GT and the Taycan Turbo GT equipped with the Weissach package. These models are notable for their superior electric power capabilities, surpassing 1,084 horsepower. Specifically, the Taycan Turbo GT shows a power consumption of 21.6 – 20.7 kWh/100 […]
Yesterday, Rivian unveiled the next electric line up in its pipeline, the new R2, alongside the R3 and R3X. In less than 24 hours, Rivian CEO RJ Scaringe said on Friday that over 68,000 R2 reservations have taken place. Customers are able to reserve by placing a refundable $100 US ($150 CAD) deposit. “Overwhelmed by […]
Rivian R3 Rivian wasn’t done today by just revealing the R2, but it also unveiled the R3 and R3X, smaller versions of the former. “R2 is just the beginning. Say hello to R3,” said Rivian. Check out photos below: But Rivian wasn’t done there. The R3X was revealed as well. “We designed R3X for maximum […]
Rivan has revealed its R2 electric SUV today, confirming some previously leaked specs. The R2 can go from 0-60 in under 3 seconds and offer up to 300+ miles of range, while offering seating for five people. Rivian says deliveries are expected to begin in the first half of 2026, which is two years from […]
Speculation surrounding Rivian’s upcoming electric vehicle, the more compact R2 SUV, intensified after a leak on their website Monday evening, as reported by Chris Hilbert. The anticipated R2, set to be officially unveiled on March 7, has seen key specifications and pricing details leak on Rivian’s own website, before the info was taken down. The […]
Ford is conducting a safety recall for certain 2023 F-150 Lightning vehicles, the National Highway Traffic Safety Administration (NHTSA) confirmed. This recall, identified by NHTSA Campaign Number 24V-144, addresses a potentially dangerous issue where the fasteners securing the junction box bus bars inside the high-voltage battery pack may not be adequately tightened. This defect could […]
