Transportation

Ride-hail giant Lyft has relaunched Lyft Pink, its monthly subscription plan, at half of its previous price. At $9.99 per month or $99 per year, the new membership offers perks like free priority pickups and a discount of “at least” 5% on Preferred, Lux and XL rides, the company said Tu

Uber has started offering electric vehicles to customers in certain parts of the Delhi-NCR region and says it will be expanding its efforts over the coming months. The electric cabs are currently only available for pre-scheduled trips. “As the leading mobility app in India, we are committed t

General Motors unveiled Thursday an all-electric GMC Sierra Denali pickup truck, the latest model in the automaker’s march toward a global annual sales target of 1 million electric vehicles by 2025. The GMC Sierra Denali EV isn’t the first electric truck or SUV on GM’s new Ultium

Commercial EV company Arrival is restructuring its business for the second time in six months as it tries to squeeze the most out of its remaining capital. The company said in a regulatory filing posted Thursday that it is shifting its focus to the United States and away from the UK market, where i

Mercedes-Benz AG will source carbon-neutral lithium hydroxide to build batteries for electric vehicles from a Vancouver-based mining startup. Starting in 2026, the agreement with Rock Tech Lithium will provide Mercedes-Benz AG with an average of 10,000 tons of battery-grade lithium hydroxide per ye

Tesla reported Wednesday revenue of $21.45 billion in the third quarter, another record-setting period that still missed analysts expectations. Shares fell 3.5% in after-hours trading following the earnings release. Tesla’s net income for the third quarter was $3.3 billion nea

The Biden-Harris administration, through the Department of Energy (DOE), announced Wednesday that 20 battery companies will receive a combined $2.8 billion to build and expand commercial-scale facilities in 12 states. This is the first phase of $7 billion in total from President Biden’s Infra

Waymo said it plans to launch a robotaxi service in Los Angeles, another sign that the Alphabet subsidiary is accelerating its commercial ramp up. Waymo has had a presence in Los Angeles since 2019, periodically coming in to map neighborhoods, including downtown, Miracle Mile, Koreatown, Santa Moni

BMW plans to invest $1.7 billion to build at least six EV models in the U.S. by the end of the decade. The investment announced Wednesday includes $1 billion toward BMW's factory in Spartanburg, South Carolina and $700 million to fund a new battery cell plant nearby. The factory

Mullen Automotive said Wednesday it has acquired Electric Last Mile Solutions, paving the way for the California-based startup to manufacture its first electric vehicle. The $240 million cash purchase allows Mullen the capability to build up to 50,000 EVs annually, accelerating the launch of the Mu

Shared micromobility company Bird is exiting several markets across the world as it struggles to build an economically viable business, according to a regulatory filing. Bird said it will “fully exit Germany, Sweden and Norway, as well as wind down operations in “several dozen additiona

Foxconn, the Taiwanese manufacturing giant that makes Apple’s iPhones, unveiled Tuesday two electric vehicle concepts at its third annual Hon Hai Tech Day as the company tries to diversify its business and take on the automotive market. The two vehicles, a Model V electric pickup truck and Mo

The battery-electric Celestiq sedan, which starts “north of $300,000,” is tasked with more than restoring Cadillac to its former glory; it now must back executives' bold claim to “reestablish the iconic brand as the standard of the world.” But with a price tag more than three times

Years ago, Cadillac was associated with luxury and performance. Today, in an effort to claw its way back to the top of the luxury heap, the U.S. automaker unveiled Monday the production Cadillac Celestiq, a hand-built, bespoke behemoth fastback sedan that adheres closely to the concept it unveiled