Arrival’s spectacular fall continues with a delisting from Nasdaq
Commercial EV startup Arrival is being removed from the Nasdaq stock exchange as it speeds toward dissolution.
The company, which went public after merging with a special purpose acquisition company, announced Monday morning that the Nasdaq will suspend trading of Arrival shares January 30, followe
India’s Uber-rival BluSmart pumps up EV charging with $25M investment
BluSmart, an Indian ride-hailing startup that competes with Uber and homegrown rival Ola with its all-electric fleet, is looking to boost its battery charging infrastructure as the South Asian nation currently has limited charging stations but aims to expand its electric vehicle (EV) base.
The Guru
What went wrong at Cruise, a pivot at Vroom and a home for Tesla’s Dojo supercomputer
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Tesla to spend $500M to bring its Dojo supercomputer project to Buffalo factory
Tesla will spend $500 million to build one of its so-called “Dojo” supercomputers at its Buffalo, New York factory, the state’s governor Kathy Hochul said Friday during a news conference just days after CEO Elon Musk called the project a “long shot.”
Tesla's decis
Delivery startup Veho makes corporate job cuts
Veho, a package delivery company, confirmed that it laid off 19% of its corporate/exempt employee headcount, or about 65 jobs. As first reported by The Information, these layoffs came after Veho grew revenue nearly 90% in 2023.
“We conducted a reorganization of our corporate team to improve effi
Cruise reveals DOJ, SEC probes as it releases internal report on pedestrian crash
Cruise, the GM self-driving subsidiary, said Thursday that federal prosecutors and securities regulators have opened investigations into the October 2 incident that left a pedestrian stuck under and then dragged by one of its robotaxis.
The probes by the Department of Justice and the Securities and
The Porsche Macan EV is a bet that buyers still want pricey electric vehicles
On Thursday, Porsche took the wraps off the Macan EV, a long-delayed project that will test whether consumers still have the drive to spring for an electric vehicle that costs more than $78,000.
The reveal comes at a pivotal time for Porsche — and many other automakers. Demand for expensive EVs h
Self-driving vehicle company Aurora cuts 3% of its workforce
Aurora Innovation, the autonomous vehicle technology company aiming to launch a “driverless” self-driving trucks business by the end of 2024, laid off dozens of workers this month, according to sources familiar with the action. The Pittsburgh-based company, which also has facilities in
Tesla says EV sales growth may be ‘notably lower’ in 2024
Tesla’s strategy to drive sales through price cuts combined with the cost of bringing the Cybertruck into production and other R&D expenses put pressure on profits in the fourth quarter, according to earnings reported Wednesday.
While the company has managed to continue to expand sales
Vroom hits the brakes on its online used car business to go full throttle on auto financing and AI
Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees, or 90% of its workforce, will lose their jobs as a result, according to a regulatory filing.
The com
No impact without revenue? That’s ArcTern’s climate tech thesis
Much of the intriguing climate tech that crosses our desks is theoretical or only just coming to market — think, tech that sucks carbon out of the sky, emerging lithium-ion battery alternatives and bioplastics that’ve yet to seriously scale. These aren’t the sorts of things ArcTern wa
Flexport taps Shopify for cash, behind the wheel of the Kia EV9 and where Amazon wants to invest
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Lamborghini licenses MIT's new high-capacity, fast-charging organic battery tech
Lithium-ion batteries have come a long way, but in many ways they haven't come far enough.
They charge faster than ever before, but there's still room for improvement. The materials they're made of, particularly cobalt and nickel, are pricey and problematic. Researchers have been scramb
Lordstown Motors founder launches new EV startup with trucks we’ve seen before
The ousted founder of bankrupt EV startup Lordstown Motors has launched a new company called LandX Motors, that prominently displays the same electric pickup truck he once promised would beat Tesla, Ford and General Motors to market.
Steve Burns, a self-described “serial entrepreneur,”