Amid merger and bankruptcy in the West, lidar maker Hesai nails $190M IPO
Last week, China’s lidar maker Hesai raised an upsized IPO in the U.S. at a time the industry is reeling from layoffs, bankruptcy and consolidation. The Shanghai- and California-based company, which makes the sensing technology critical to autonomous driving and increasingly advanced driver a
Subaru recalls Solterra for its nagging wheels-fall-off problem
Subaru has issued another recall for its battery electric Solterra crossover due to concerns that hub bolts on the wheels may loosen and cause it to detach.
Subaru said the issue affects 1,182 model year 2023 Subaru Solterra vehicles.
The 2023 Subaru Solterra EV and 2023 Toyota bZ4x
Ford to build $3.5B LFP battery factory using China tech
Ford said Monday it is investing $3.5 billion to build a factory in Michigan that will make cheaper lithium iron phosphate batteries for its growing portfolio of electric vehicles.
The factory, which will be located in Marshall, Michigan, will not make nickel manganese cobalt (NMC), a technology th
Zoox robotaxis start rolling out on California public roads
More than two years ago, Amazon subsidiary Zoox unveiled an electric, autonomous robotaxi it built from the ground up. Now, the cube-like vehicle that is loaded with sensors — and not a steering wheel — is starting to roll out on a few public roads in northern California.
A solitary Zoox robot
The electric RAM 1500 REV is packed with screens and, surprisingly, buttons and knobs
RAM used some of its 2023 Super Bowl ad time to show off some goodies built into the upcoming electric RAM pickup. The RAM 1500 REV, as it’s called, is Stellantis’ first entry into the growing electric pickup wars. The concept debuted last month at the 2023 Consumer Electronic Show, bu
Uber and Lyft earnings diverge, a self-driving truck roadblock emerges and Redwood Materials lands a big one
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BuuPass raises $1.3M to scale mobility sector digitization in Africa
The public transport sector in Kenya is largely traditional, and a majority of operators, especially those in road travel, still require their clients to physically book tickets at their offices even when making advance travel plans. Others do not have provisions for seat reservation.
Looking to br
Two-year-old Zeekr raises $750M at $13B valuation
At a time when venture capital funding is slowing in China, EV is one of the few sectors still keeping investors excited. Case in point, Zeekr, the luxury electric vehicle brand of China’s largest private carmaker Geely, announced Monday that investors have committed to investing $750 million
Tesla’s biggest hater airs Super Bowl ad against FSD
This article has been updated with the cost of The Dawn Project’s Super Bowl ad.
Safety advocacy group The Dawn Project is taking its campaign to ban Tesla’s Full Self-Driving (FSD) system to the Super Bowl.
The 30-second ad, which is broadcasting to millions of footba
The Arcimoto Fun Utility Vehicle is a blast (that might not last)
“That doesn't look safe.”
The statement would follow me for days. Every time I mentioned I was test driving Arcimoto's Fun Utility Vehicle — an open-air, all-electric three-wheeler — a friend or co-worker would pipe up to state, what to them, seemed like the obvious.
After all, mo
The 2023 Mercedes-Benz EQE is EV perfection in a humdrum shell
The all-electric Mercedes-Benz EQS is among the most sublime cars on the road right now, an understated exterior wrapped around a sumptuous interior, featuring all the niceties you’d expect from an S-badged Merc with the effortless acceleration of an EV and stellar ride quality to boot. The f
Connected car consolidation, as Urgently acquires Otonomo in reverse merger after its market cap plunges to $70M
Otonomo, a connected automotive company that has seen its stock price plummet since going public in 2021, has announced that it is coming together with Urgently, a roadside assistance tech provider, in a reverse merger. The two are combining in an all-share deal that will see Urgently shareholders
Uber is integrating its driver app with Apple CarPlay
Uber drivers who have an iPhone will soon be able to use the Uber app directly from their car’s dashboard while using Apple’s CarPlay, according to an email sent to drivers and viewed by technewss.
The integration has been rolling out to drivers across the U.S., and all drivers should
Lyft shares get crushed on weak guidance for first quarter
Lyft beat the Street on revenue in the fourth quarter, but it wasn’t enough to assuage investors who reacted to the ride-hailing company’s weak guidance for the first three months of 2023.
Lyft lowered expectations for revenue in the first quarter to $975 million, a decline of about $20