electric vehicles

Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs

Climate /

Battery materials startup Group14 announced Wednesday it has closed a $463 million funding round to expand its manufacturing footprint, a sign that investors remain confident in the future of electric vehicles. The startup manufactures silicon anode materials, which significantly boost the storage capacity of lithium-ion batteries. Group14 currently operates three factories, two in the U.S. […]

Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs Read More »

Monarch Tractors won’t be built by Foxconn after Ohio factory sale

Startups /

Foxconn will no longer build electric tractors for California startup Monarch Tractor after the Taiwanese tech giant recently sold its Ohio factory to SoftBank. Monarch CEO Praveen Penmetsa confirmed the news in a LinkedIn comment Tuesday. He also said his company worked with Foxconn to “build up inventory” before the sale of the factory, noting

Monarch Tractors won’t be built by Foxconn after Ohio factory sale Read More »

Trump admin stops illegal freeze of $5B EV charger funds after losing in court

Government & Policy /

The Trump administration has finally issued new guidance that states can use to dole out $5 billion in funding for electric vehicle charging infrastructure, after spending months withholding the money. A coalition of states sued over the funding freeze in the National Electric Vehicle Infrastructure (NEVI) program, which was one of the administration’s many attempts

Trump admin stops illegal freeze of $5B EV charger funds after losing in court Read More »

Trump administration stops illegal freeze of $5B EV charger funds after losing in court

Government & Policy /

The Trump administration has finally issued new guidance that states can use to dole out $5 billion in funding for electric vehicle charging infrastructure, after spending months withholding the money. A coalition of states sued over the funding freeze in the National Electric Vehicle Infrastructure (NEVI) program, which was one of the administration’s many attempts

Trump administration stops illegal freeze of $5B EV charger funds after losing in court Read More »

Foxconn sells former GM factory to mystery buyer after failing to make EVs

Transportation /

Foxconn has sold the former GM factory it has owned for three years after failing to stand up any meaningful, large-scale electric vehicle production there. The pivot marks the second major failure of Foxconn to deliver on its promises to help revive U.S. manufacturing. The iPhone-maker once promised to build a giant LCD factory in

Foxconn sells former GM factory to mystery buyer after failing to make EVs Read More »

Ford to reveal more about its new low-cost electric vehicles on August 11

Transportation /

Ford is set to reveal more information about its upcoming low-cost electric vehicles at an event in Kentucky on August 11. And the company is talking a very big game: CEO Jim Farley said Wednesday that the announcement is “a Model T moment” for Ford. Farley made the comments after Ford revealed its electric vehicle

Ford to reveal more about its new low-cost electric vehicles on August 11 Read More »

GM teams up with Redwood Materials to power data centers with EV batteries

Climate /

GM is sending new and old EV batteries to recycler Redwood Materials, which then repurposes the packs for stationary energy storage storage, the two companies announced today. Second-life batteries from GM have already made their way through Redwood’s process and into a 12 megawatt microgrid at the company’s Sparks, Nevada, headquarters. Electricity from that installation

GM teams up with Redwood Materials to power data centers with EV batteries Read More »

Faraday Future faces potential SEC enforcement action after three-year probe

Transportation /

The Securities and Exchange Commission (SEC) has sent letters to Faraday Future founder Jia Yueting and president Jerry Wang, alerting them that they may soon face enforcement actions from the agency as the result of a three-year-long fraud investigation. The letters, known as “Wells Notices,” state that the commission’s staff has made an internal determination

Faraday Future faces potential SEC enforcement action after three-year probe Read More »

GM to challenge China’s LFP monopoly with upgraded battery factory

Transportation /

GM said Monday it is working with joint venture partner LG Energy Solution to upgrade its Ultium battery factory to make lithium-iron-phosphate cells for the automaker’s low-cost EVs. The factory’s overhaul will give LFP production in the United States a significant boost. Despite being invented and commercialized in the U.S., today the vast majority of

GM to challenge China’s LFP monopoly with upgraded battery factory Read More »