Foxconn has sold the former GM factory it has owned for three years after failing to stand up any meaningful, large-scale electric vehicle production there. The pivot marks the second major failure of Foxconn to deliver on its promises to help revive U.S. manufacturing. The iPhone-maker once promised to build a giant LCD factory in […]
Foxconn sells former GM factory to mystery buyer after failing to make EVs Read More »
Ford is set to reveal more information about its upcoming low-cost electric vehicles at an event in Kentucky on August 11. And the company is talking a very big game: CEO Jim Farley said Wednesday that the announcement is “a Model T moment” for Ford. Farley made the comments after Ford revealed its electric vehicle
Ford to reveal more about its new low-cost electric vehicles on August 11 Read More »
Falling EV sales combined with a lower average selling price, less cash from regulatory credits, and a decline in solar and energy storage revenue took a toll on Tesla’s bottom line in the second quarter of 2025. And a 17% growth in revenue in its services business, which includes capital generated from its Supercharging network,
Tesla profits pulled down by falling EV sales and regulatory credits Read More »
Owners of the Lucid Air sedan will be able to charge their luxury EVs at thousands of Tesla Supercharger stations in North America starting July 31, nearly two years since the automakers reached an agreement. But there is a notable caveat: Lucid Air vehicles won’t be able to charge as fast as Tesla vehicles. Lucid
Lucid Air owners will soon be able to use Tesla Superchargers — but there’s a catch Read More »
Los Angeles-based Nevoya came out of stealth last year with the ambitious goal of breaking the EV truck adoption logjam. Nevoya made enough progress on its goal to attract investors — and a $9.3 million seed round — to help it move even faster. The young company, which buys electric trucks and offers them to
Nevoya raises $9.3M as its EV truck fleet reaches cost parity with diesel Read More »
Rivian will resume prep work on its planned Georgia factory in August and is still looking to break ground early next year, according to emails TechCrunch obtained through a public records request. The restarted effort comes months after the Biden administration’s Department of Energy approved a $6.6 billion loan meant to fund construction. Rivian has
Rivian restarting work on its Georgia factory, emails show Read More »
Tesla is nearly ready to start selling its electric vehicles in India, according to Bloomberg News, after years of flirting with the idea. The company is about to open its first showroom in Mumbai and could start deliveries as early as August, according to the report. A few hours after Bloomberg published its report, Tesla
Tesla reportedly close to starting sales in India Read More »
In April 2025, a new company called Slate Auto came out of stealth and shocked the car industry. Not only was this startup focused on making an ultra-cheap, customizable electric pickup truck with funding from Jeff Bezos, but it had also been operating in secret for three years in Troy, Michigan — the backyard of
Slate Auto: Everything you need to know about the Bezos-backed EV startup Read More »
Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, according to a new report from Bloomberg News. The funding round brings Also’s post-money valuation to $1 billion. The startup raised $105 million from Eclipse Ventures earlier this year when it was cleaved from Rivian. Also
Rivian spinoff Also raises another $200M to build e-bikes and more Read More »
As Rivian starts accepting orders for its 2026 Quad-Motor pickup truck and SUV, customers may initially be enticed by the power and tricks the four motors in these rebooted EVs can unleash. After all, four motors delivering a combined 1,025 horsepower and 1,198 pound-feet of torque — and the ability to accelerate from a standstill
The tech behind Rivian’s 2026 Quad-Motor truck and SUV — and that kick turn Read More »