Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7 proceeding in the Delaware Bankruptcy Court. The company said in a press release published late Friday that it was “in discussions with foreign sources of capital” that proved unsuccessful, and also […]
EV startup Canoo files for bankruptcy and ceases operations Read More »
Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump’s inauguration. The company will use the loan to help build out its planned factory in Georgia, east of Atlanta, with construction beginning in 2026. The first R2 SUVs are scheduled to
Rivian finalizes $6.6B loan for its Georgia factory Read More »
Volvo spinoff Polestar had a rough 2024, and 2025 looks like it could be just as difficult. The EV maker announced Thursday that it expects to generate less revenue in fiscal year 2024 than it did in 2023, after previously estimating sales would stay the same. That’s thanks to “fewer than expected Polestar 3 and
Polestar digs in for another grim year Read More »
Tesla, along with three other industry partners, quietly backed an Illinois Environmental Protection Agency application that won $100 million in funding to build electric truck charging stations across the state, TechCrunch has learned. The award was the biggest given out by the Biden Administration’s Federal Highway Administration last week in the second round of what’s
Tesla to split $100M award for electric truck charging corridor in Illinois Read More »
It’s not an easy time to raise money for an electric vehicle startup, especially given how many have failed or are close to failing. But Los Angeles-based Harbinger has pulled it off by taking an hyper-focused approach to electrifying commercial trucking. The reward is a $100 million Series B, co-led by early Tesla investor Capricorn
EV startup Harbinger’s obsession with simplicity fuels $100M Series B Read More »
The Department of Transportation announced Friday another $636 million in funding that will be awarded to 49 applicants for electric vehicle charging infrastructure — and Tesla’s application for nearly $100 million to fund a big rig charging corridor was once again passed over. Tesla’s name was not among the list of recipients released, and its partner
Biden admin snubs Tesla’s $100 million big-rig charging funding request — again Read More »
Tesla has revealed a new-look Model Y meant for the Chinese and other Asian-Pacific markets, marking the first major update to the SUV since its launch in 2020. The redesign comes as Tesla finished 2024 having delivered fewer vehicles than it did in 2023. It was the first year-over-year drop since the company started selling
Tesla launches new-look Model Y in China Read More »
Volkswagen-backed startup Scout Motors broke cover just a few months ago, and at this week’s CES 2025 in Las Vegas, Nevada, they hold the honor of being one of the only American automakers with a presence at the show. That’s not the only thing that stands out about Scout being here, though. In a sea
Scout Motors CEO Scott Keogh says modern cars have become ‘dystopian’ and ‘disconnected’ Read More »
Honda unveiled Tuesday at CES 2025 the latest EV in its so-called 0 Series — a mid-sized SUV prototype dubbed, surely enough, the 0 SUV. Honda’s take on the SUV will join the 0 Saloon that the automaker showed off at last year’s show. And while Honda first showed us the 0 Saloon, the SUV
Honda reveals its futuristic ‘0 SUV’ prototype at CES 2025 Read More »
BMW is totally revamping its in-car user interface, starting with the Neue Klasse sedan later this year and ultimately spreading to all models, the company announced at CES 2025. Some of it looks and feels familiar, but the big change is a widget-based system that lets users customize the layout — including on the car’s
BMW’s new UI puts widgets on the windshield Read More »
