As climate change becomes more and more of a prevalent reality, many of the world’s governments, companies and cities on Wednesday signed the Glasgow Declaration to end fossil fuel use by 2040 – though holdouts include some of the world’s top automakers and auto markets. Toyota and Volkswagen, the world’s two top two automakers did […]
Following Washington State’s announcement of its goal to ban new gas car sales by 2030, the state is enacting other changes into law to help fulfill the decade-long goal, even taking it a step further in some areas. Washington plans to switch its statewide vehicle fleet over to EVs by 2040, as per a new […]
Rivian announced on Wednesday its upsized initial public offering of 153,000,000 shares of Class A common stock was set at $78 per share, raising $11.93 billion for the company. The electric automaker backed by the likes of Amazon and Ford, is set to trade under the ticker symbol “RIVN” on the Nasdaq today. The offering […]
As Apple plans to build an electric vehicle (EV), the company’s leader is addressing previous claims that Elon Musk tried to get Apple to buy Tesla at this year’s DealBook Live Summit. The New York Times is holding its DealBook Live Summit on Tuesday and Wednesday, featuring a number of newsmakers in business, policy and […]
Tesla and its growing presence in the automotive industry was a major topic at Ford’s recent virtual town hall, which was attended by around 20,000 employees from around the globe. During the virtual conference, Ford CEO Jim Farley spoke about Tesla, warning that the company must take Tesla seriously as the dominant player in the […]
In updated securities filings dated Friday, Rivian increased the price range for the 135 million shares it will be offering during its IPO from $57-62 USD to $72-74 USD — reports CNBC. Taking the new price range into account, and assuming underwriters exercise their option to purchase an additional 20.25 million shares, the electric vehicle (EV) […]
Apple has hired former Tesla engineer Christopher “CJ” Moore for its self-driving car project, reports Bloomberg. According to sources familiar with the matter, Moore is working on Apple’s car project software, reporting to Stuart Bowers, a former Tesla executive that joined the iPhone maker at the end of 2020. Prior to working at Tesla, Bowers […]
While Hyundai released specs and pricing for its IONIQ 5 electric vehicle for the U.S. (EV) earlier this year, the company has officially revealed its pricing tiers for the Canadian market. Hyundai has released the 2022 IONIQ 5 electric SUV’s pricing, starting at a retail price of $44,999 CAD for the Essential variant, which offers […]
Folowing the Lucid Air Dream Edition delivery event that took place at the end of last month, the company has officially shared plans to open a new retail location as soon as this weekend. Lucid Motors is opening a new retail location, called a Studio, at Tyson’s Corner Center in Washington D.C. metro region, according […]
Tesla’s 4680 battery cell is expected to lower costs and increase range for the automaker, but as far as a breakthrough goes, one electric vehicle (EV) CEO suggests that it’s being overstated. Lucid Motors CEO Peter Rawlinson noted that, while there are a few advantages to Tesla’s 4680 battery cell design, it’s not the breakthrough […]
A London, England resident shared plans to open an electric vehicle (EV) factory in Canada, and has presented an ambitious timeline for getting the job done. On Tuesday, Faruk Rama, Chairperson of Trouve Victory Inc., announced he’s making a deal for roughly 50 hectares of land east of Toronto, expecting to build an assembly plant […]
San Francisco-based self-driving car service, Cruise, has shared a video of its first driverless car pickup in San Francisco, California. On Wednesday, Kyle Vogt, co-founder, president and CTO at Cruise, detailed being the first passenger to be picked up by a driverless Cruise vehicle, which occurred on Monday night. “Earlier this week, I requested a […]
As competition amongst electric vehicle (EV) companies continues to increase in the world’s largest auto market, Warren Buffett-backed BYD is seeing its sales grow. BYD sales tripled year over year in China in October, alongside the likes of Xpeng Motors which also saw its October sales triple year over year, according to Investors. Li Auto […]
As Ford and Amazon-backed Rivian has planned for an initial public offering (IPO) of around $50 billion USD since February, the company has officially announced plans to offer up shares, expected to outsell the initial estimates. Rivian is shooting for a target of $54.6 billion USD in market valuation for its upcoming IPO, offering 135 […]
BYD was outselling rivals in China early this year, and as competition in the region increases, the company is apparently looking to boost its cash flow. On Friday after market close, BYD entered into a placing agreement to offer 50 million shares of the company’s stocks in Hong Kong, according to CNEVPost. With the shares priced […]
