Swedish EV battery maker raises $1.2B to expand to North America
Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1.2 billion from BlackRock and various Canadian pension plans to build new factories in North America and Europe, according to report from Reuters.
Tuesday’s announcement signals the first time Northvolt has shared con
Teeny EV startup Arcimoto hooks up with defense contractor
What happens when a maker of tiny electric vehicles dips its wheels into the military industrial complex? We’re about to find out.
On Monday, Arcimoto said it is diversifying beyond its usual business via a partnership with Department of Defense contractor Matbock. That’s a first for t
Tesla says data breach impacting 75,000 employees was an insider job
Tesla has said that insider wrongdoing was to blame for a data breach affecting more than 75,000 company employees.
Tesla, the electric car maker owned by Elon Musk, said in a data breach notice filed with Maine's attorney general that an investigation had found that two former employees leaked
VinFast takes a wild ride, a robotaxi fallout brews and the IRA one year later
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Speed and tech dominated the lawns at Monterey Car Week
The Pebble Beach Concours d’Elegance is just the cherry on top of a week of events highlighting, celebrating and sometimes even worshiping the automobile. While the lawn on Sunday mostly focuses on the past, other events like The Quail and the numerous private debuts scattered around Monterey
Cruise told by regulators to ‘immediately’ reduce robotaxi fleet 50% following crash
Cruise, the self-driving car subsidiary of GM, has been asked to reduce its robotaxi fleet by 50% in San Francisco following a crash Thursday night with a fire truck.
The California Department of Motor Vehicles, the agency that regulates the testing and deployment of autonomous vehicles in the stat
Cruise robotaxi involved in a crash with fire truck, one passenger injured
A Cruise robotaxi and an emergency vehicle crashed late Thursday night and left a passenger injured. The crash is the latest in a string of incidents that occurred this week after winning approval from the California Public Utilities Commission to expand commercial operations in San Francisco.
Crui
Cruise and Waymo see a surge in robotaxi app downloads
Consumer interest in Cruise and Waymo’s competing robotaxi services surged following a vote last week by the California Public Utilities Commission that allowed the two companies to expand and charge for their driverless car operations in San Francisco.
Estimates from app intelligence provid
San Francisco presses CPUC to halt Waymo, Cruise robotaxi expansions
California regulators gave Waymo and Cruise the OK last week to scale up their robotaxi services in San Francisco, but now it seems the city itself won’t have it.
On Wednesday, San Francisco City Attorney David Chiu filed motions with the California Public Utilities Commission to pause the f
EV maker VinFast still worth more than Ford and GM after stock tanks 19%
Vietnamese EV maker VinFast’s debut Tuesday on the Nasdaq public exchange was nothing short of remarkable. The automaker, which went public via a merger with special purpose acquisition company Black Spade Acquisition, saw shares catapult 68% to close at $37.06 — giving it a valuation of $8
GM partners with startup Mitra Chem to develop affordable EV batteries
General Motors is leading a $60 million Series B round into Mitra Chem, a battery materials startup promising to help build more affordable and accessible EV batteries for future GM vehicles.
Battery innovations are crucial for automakers seeking to lower electric vehicle costs and promote widespre
Tesla supplier CATL unveils battery that can add up to 400km of range in 10 minutes
CATL, the Chinese battery giant and a major supplier to Tesla, has unveiled its latest product that aims to solve electric vehicles’ charging and range limitations. The battery, dubbed Shenxing or “god-like movement,” is able to refuel up to 400 kilometers (250 miles) of range in
ElectraMeccanica to merge with electric truck startup Tevva
ElectraMeccanica, the maker of the tiny three-wheeled Solo electric vehicle, will merge with U.K.-based truck manufacturer Tevva in a bid to grow their combined market share for electric trucks, the companies said Tuesday.
The merger represents a pivot for ElectraMeccanica, which struggled to produ
Tesla launches cheaper Model X and Model S options with less range
Tesla has new, lower price options for shoppers who need less range. The automaker revived the “standard range” trim level on its two most expensive models, which cuts $10,000 from the price and around 80 miles from the EV range.
With this new option, the Model S is available with a sta