EV.energy snags $33M Series B to help utilities save billions on grid upgrades
One of the many benefits of electric vehicles is waking up to a full charge. Weekday commutes and weekend errands don't have to be interrupted by emergency trips to the gas station. Instead, all drivers have to do is plug the car in every night, just like they do with their phones.
Most electri
Ecosia adds a train travel search tool powered by Omio
Looking to ride the tracks of increasing demand for longer distance train travel that’s being fuelled by climate-concerned consumers seeking to shrink the environmental impact of their trips, tree-planting search engine Ecosia and multimodal travel booking platform Omio have partnered to laun
Waymo puts the brakes on self-driving trucks program
Waymo is tapping the brakes on self-driving trucks and shifting most of its capital, resources and talent to one commercial bet: ride-hailing.
The move, which was announced Wednesday in a company blog post, comes six years after Waymo first tested its autonomous vehicle system in Class 8 trucks. Th
Volkswagen takes 5% stake in XPeng as part of Chinese EV deal
VW Group announced Wednesday a pair of deals with Chinese automakers aimed at shoring up sales in China.
The German automaker said it will invest $700 million into Chinese automaker XPeng as part of a deal to jointly develop and produce two mid-sized EVs for China. Volkswagen will acquire a 4.99% s
Leading automakers partner to create massive EV charging network
Seven of the largest automakers announced today a joint venture to create a sprawling vehicle recharging network across North America. The goal is to install at least 30,000 charge points in urban and highway locations accessible to nearly any EV by offering Combined Charging System (CCS) and North
GM isn’t going to kill off the Chevy Bolt EV after all
GM’s best-selling EV is sticking around after all.
GM Chair and CEO Mary Barra said Tuesday during the company’s quarterly earnings call that the company will produce a next-generation Chevrolet Bolt EV outfitted with its new Ultium architecture that includes a new battery cell design.
Voltpost raises $3.6M seed round to bring EV charging to the curbside
For many American car owners, on-street parking is their only option. When it comes time to buy an electric vehicle, “Where do I charge?” will undoubtedly be one of the first questions they ask.
Fast charging is an option, one that most closely mimics the way people fill up at gas stations. But
Tesla stock falls as margins slip, VanMoof files for bankruptcy, and Aurora sells $820M worth of stock
Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Your usual host Kirsten Korosec is still away, so you have me for one more week. Let’s jump in.
U.S. policymakers and agencies are looking for ways to re
Congress probes Ford’s big battery deal with China’s CATL
In a public letter addressed to Ford boss Jim Farley, House Republicans Mike Gallagher and Jason Smith announced that two congressional committees are investigating the automaker’s licensing deal with Chinese battery maker CATL.
The probe centers on Ford’s efforts to put CATL’s b
Tesla’s margins remind us that it’s an automaker, not a tech company
Tesla's stock is worth more than that of Ford, General Motors, Toyota, Volkswagen and Stellantis combined. Even though Tesla is an automaker, it's valued as more of a tech company, with a share price that puts it in the camp of companies like Apple, Nvidia and Microsoft.
But that share pric
Grab acquires Singapore’s third-largest taxi operator Trans-cab
Singapore’s ride-hailing and food delivery company Grab has signed an agreement for its car rental unit Grab Rentals to acquire Trans-cab, the city-state’s third-largest taxi operator.
The deal, Grab’s first local competitor acquisition, is expected to close in the fourth quart
Autonomous vehicle company Aurora sells $820M worth of stock
Aurora Innovation, the self-driving technology company that aims to launch an autonomous trucking business in 2024, has completed a capital raise of $820 million from a public and concurrent private offering of its stock. The company expects the deal to close Friday.
The stock sale will help fund A
Farizon, Geely’s truck unit, raised $600M to expand outside China
Farizon, a maker of hybrid and electric trucks owned by China’s Geely, has closed a $600 million Series A raise, the company said in a statement. The Hangzhou-based company plans to use the funds to expand its operations outside of China.
A key focus for Farizon’s expansion will be Euro
Tesla to license FSD to other OEMs, allow transfer of FSD to new cars
Tesla CEO Elon Musk confirmed Wednesday that the automaker is “in discussion with major OEMs about using Tesla FSD.”
Tesla Full Self-Driving is the automaker’s beta advanced driving assistance system (ADAS) that can automate driving tasks on highways and urban streets. If other au