Electric vehicle (EV) manufacturers Lucid Motors and Nikola are seeking additional funding to help ramp up production, amidst increasing battery costs and new federal requirements set to limit buyers’ incentives. On Monday, Lucid filed a shelf registration to issue as much as $8 billion in new stock over the next three years, as detailed in […]
Elon Musk’s lawyers filed another notice to terminate his $44 billion Twitter deal this week, citing new reasons related to a recent whistleblower complaint. Musk filed another court notice on Tuesday to back out of his deal with Twitter, noting the recent complaints from Twitter’s Former Security Head Peiter “Mudge” Zatko, as reported by CNBC. […]
Honda announced plans to partner with LG Energy Solution on a joint venture company to produce EV batteries in the U.S., as detailed in a press release on Monday. The batteries are expected to help the automaker provide EV batteries for electric Honda and Acura models in North America. The two companies are set to […]
Ford has partnered with North Carolina’s Duke Energy to establish a vehicle-to-grid (V2G) energy-sharing program that will give participating F-150 Lightning owners a discount on their lease payments (via Canary Media). “Duke Energy and Ford share many mutual customers, so there’s opportunity for overlap when it comes to maximizing the value of new technology that […]
Mercedes on Thursday officially started manufacturing electric vehicles (EVs) in the U.S. at its 6-million-square-foot assembly plant in Vance, Alabama — reports Automotive News. The German luxury automaker announced it is starting production with its first U.S.-made crossover, a battery-powered version of its GLS SUV, known as the EQS. It will be one of two […]
According to a report from Renewable Energy Magazine, two Thomas Built Buses Saf-T-Liner C2 Jouley electric school buses being operated in Beverly, Massachusetts, by Highland Electric Fleets returned more than 7 MWh of energy to the local power grid over the course of 32 grid events during the summer. The buses, which feature 226 kWh batteries […]
Lucid Motors has appointed Derrick Carty as its new Vice President of Platform Software Engineering, as detailed in a press release shared on Thursday. Carty will primarily focus on software updates, ranging from features like ADAS’s embedded platform, audio architecture, hardware and systems architecture and much more. Lucid’s Senior Vice President of Digital Michael Bell […]
Ford has increased the price of its Mustang Mach-E on Thursday, with prices jumping as much as $8,100 USD, depending on trim. The news was shared by Michael Martinez from Automotive News. Destination and delivery prices also increase by $200 USD, now at $1,300 USD MSRP. Breaking: @Ford announces it's increasing Mustang Mach-E prices between […]
Former Apple engineer Xiaolang Zhang pleaded guilty to stealing auto trade secrets from the company in a federal court on Monday, as detailed in a report from CNBC. Zhang was arrested in July 2018 at the San Jose airport as he attempted to fly to China. The secrets were taken in the form of computer […]
After news broke that Volkswagen and Mercedes would be signing a trade deal with Canada, an officially signed a memorandum of understanding to solidify tariff-free raw materials contracts was announced on Tuesday. The memorandum of understanding was signed on Tuesday in Toronto by Volkswagen CEO Herbert Diess and Canadian Minister of Innovation, Science and Industry […]
As China-based electric vehicle (EV) startup NIO continues to see its shares rise, the automaker is accelerating quickly to launch in new markets. NIO’s first ET7 EVs are headed to Europe, and Deutsche Bank says the move shows the automaker’s plans to accelerate overseas market sales, according to CnEVPost. The ET7 units were loaded onto […]
Volkswagen and Mercedes-Benz are set to sign agreements with Canada to receive raw materials including lithium, nickel and cobalt without strict tariffs and tax regulations, according to sources familiar with the matter (via Bloomberg). U.S. President Joe Biden’s administration passed new rules for raw materials prioritizing local suppliers, thought to be a part of what […]
According to InsideEVs, Rivian has discontinued the Explore package for both its R1T and R1S electric vehicles (EVs). Customers who have pre-ordered either car with the Explore package configuration can either upgrade to the higher-end but also pricier Adventure package if they want to keep their reservation or cancel it altogether. Rivian told InsideEVs in […]
Image credit: LAX The Los Angeles International Airport (LAX) has just added 1,300 new electric vehicle (EV) chargers across its footprint — reports Autoblog. 508 of these chargers are located in a new, 4,300-space economy parking structure close to the airport. The new parking structure cost $294 million USD and construction was completed last year. […]
As automakers continue to announce their first lineup of electric vehicles (EVs), Honda-owned Acura has shared plans to join the industry. Acura announced the upcoming electric SUVs the ZDX and ZDX Type S, its first EVs which are set to hit the market in 2024, according to a press release shared by the automaker on […]
