Here’s a first look at the new Polestar SUV and how it fits in the automaker’s three-year plan

From its motorsport beginnings to today, Swedish electric automaker Polestar has come a long way. According to CEO Thomas Ingenlath, the Volvo spin-off is just getting started. Ingenlath, along with members of the automaker’s leadership team, laid out a three-year plan for Polestar during a presentation in New York on Thursday that included an ambitious […]

Elon Musk shills a $50 Tesla Cyberwhistle with a joke about whistleblowers

Tesla has yet to produce its all-electric Cybertruck, but diehard fans who need to lay their hands on something new and associated with the highly anticipated and delayed vehicle can now buy a cyberwhistle for $50. Yes, a whistle. Tesla CEO Elon Musk tweeted Tuesday a link to the webpage for his 65.1 million followers to […]

Arc hooks another $30M in investment as EV interest spills over into electric boats

Arc is not even a year old and the electric boat startup has attracted investment from top VC firm Andreessen Horowitz, entertainment industry big wigs and now a $30 million raise led by an early Tesla executive who led the automaker’s early manufacturing efforts. The $30 million Series A was led by Greg Reichow, the […]

The all-electric Fisker Ocean SUV debuts with a rotating screen from Foxconn

Foxconn’s fingerprints are all over one of the central details in the upcoming all-electric Fisker Ocean SUV. The company unveiled the production-intent version of the Fisker Ocean SUV on Wednesday at the Los Angeles Auto Show. The electric vehicle — Fisker’s first — will have a distinctive 17.1-inch central screen made by Foxconn that can […]

Canoo is setting up headquarters in Walmart’s hometown, picks Panasonic as battery supplier

Canoo, the electric automaker that became a publicly traded company last year, is expanding its U.S. footprint with plans to establish its headquarters and an advanced manufacturing industrialized facility in Bentonville, Arkansas — a city most famously connected with Walmart. “This is an advanced manufacturing facility that will allow us to produce vehicles for unique […]

Point One Navigation raises $10M to bring its precise location tech to all vehicles

Drivers who spend any time commuting in a new car or truck have likely experienced ping ponging — a phenomenon when a vehicle equipped with an advanced driver assistance system has trouble centering itself in a lane and bops back and forth until it finds that sweet spot. Point One Navigation jumped on the scene […]

Amazon reveals 20% stake in Rivian ahead of EV maker’s IPO

Amazon disclosed Friday that it owns a 20% stake in Rivian, the electric automaker that filed for an IPO earlier this month. As of September 30, the e-commerce giant held equity investments, including preferred stock of Rivian that represented about 20% ownership interest, according to the filing. That holding had a “carrying value” of $3.8 […]

Will Smith, Kevin Durant and Sean ‘Diddy’ Combs invest in electric boat startup Arc

Arc, a startup that launched 10 months ago with ambitions to electrify everything on the water, starting with a limited-edition $300,000 boat, has captured the attention and capital of some of the entertainment industry’s biggest stars. The startup, which closed a seed round in February led by VC firm Andreessen Horowitz, has brought on several […]

Smart Eye’s latest acquisition points to consolidation among driver monitoring system suppliers

Smart Eye, a supplier of driver monitoring systems for automakers, has agreed to acquire human behavior software company iMotions for $46.6 million just five months after it snapped up emotion-detection software startup Affectiva. Smart Eye, a publicly traded Swedish company, said Tuesday this is a cash-and-stock deal. Smart Eye will provide $23.2 million (200 million Swedish […]