On its first try, Rivian produced the Goldilocks of pickup trucks. The Rivian R1T electric truck is neither too big nor small. It handles rock crawling and off-camber trails with ease, can zip from zero to 60 miles per hour on a dirt road in just a few seconds without the typical back-end slippage — […]
How Ford’s electrification footprint will change with planned investments
Earlier this year, Ford Motor Company announced an investment of $30 billion toward electrification by 2025. On Monday, the automaker unveiled some specifics for that plan. Ford and its battery joint venture partner, SK Innovation, will be investing $11.4 billion in the two new campuses it plans to build in Kentucky and Tennessee to produce […]
The enormous challenges and abundant opportunities in climate tech
The decarbonization of the planet will be the next major disruption of the century, according to SOSV managing general partner Sean O’Sullivan and Carmichael Roberts of Breakthrough Energy Ventures.
Ford, SK to spend $11.4B to build two US manufacturing campuses dedicated to EVs and batteries
Ford Motor Company and battery manufacturer SK Innovation plan to spend $11.4 billion to build two massive campuses in Tennessee and Kentucky that will produce batteries as well as the next generation of electric F-Series trucks — a project the companies said will create 11,000 new jobs. Facilities on the two campuses are designed to […]
Swedish EV-maker Polestar reportedly preparing to go SPAC at $21B valuation
Swedish electric vehicle maker Polestar is reportedly preparing to go public via special purpose acquisition with Gores Guggenheim Inc., reports the Wall Street Journal citing people familiar with the matter. The SPAC deal, which sources say could be reached by Monday, would value Polestar at $21 billion. Polestar falls under Volvo Car Group’s electric performance […]
GM invests $300M in China’s first self-driving car unicorn Momenta
General Motors has now joined a slew of other major automakers, including Toyota, Chinese state-backed SAIC Motor, and Mercedes-Benz AG in putting its chips behind Chinese autonomous driving startup Momenta. GM, the largest automaker in the U.S. in terms of vehicle sales, said Tuesday it will invest $300 million in Momenta to accelerate the development […]
Here’s how Lotus is going to build lightweight electric sports cars
A company renowned for adding lightness is applying that approach to electrification.
Foxconn says Thailand EV factory will begin producing 50,000 units by 2023
Taiwan-based smartphone manufacturing giant Foxconn and national Thailand oil supplier PTT PLC are moving forward with an agreement to start an electric vehicle manufacturing facility in Thailand. The facility is expected to begin rolling out vehicles by 2023. Foxconn had previously reported plans to begin building factories in both Thailand and the U.S. next year. […]
Mercedes-Benz prices its flagship EQS electric vehicle below the S Class
The Mercedes-Benz has priced the flagship EQS electric vehicle more than $8,700 below its gas-powered S-Class counterpart, a strategic move by the German automaker aiming to ensure a successful rollout of the luxury EV in North America. The EQS, which will arrive in U.S. dealerships in fall 2021, will start at $103,360, including the $1,050 […]
Audi launches its newest EV, the 2022 Q4 e-tron SUV
Audi has launched the Q4 e-tron, the fifth electric vehicle in its growing portfolio, as part of the German automaker’s plan to bring more than 30 EVs and plug-in hybrids to market by 2025. The Q4 e-tron is Audi’s entry electric SUV model and the price reflects that. The vehicle, which was first revealed as a […]