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 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 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 »
Sales of Tesla’s Cybertruck have plummeted from their peak last year, to the point that the hulking (and expensive) GMC Hummer EV outsold the polarizing steel-clad curiosity in the second quarter. Tesla sold just 4,306 Cybertrucks in the second quarter, just shy of the 4,508 Hummers that GMC moved in the same period, according to
GMC Hummer EV outsold the Tesla Cybertruck last quarter Read More »
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 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 »
Tesla is nearly ready to start selling its electric vehicles in India, according to Bloomberg News, after years of flirting with the idea. The company is about to open its first showroom in Mumbai and could start deliveries as early as August, according to the report. A few hours after Bloomberg published its report, Tesla
Tesla reportedly close to starting sales in India Read More »
In April 2025, a new company called Slate Auto came out of stealth and shocked the car industry. Not only was this startup focused on making an ultra-cheap, customizable electric pickup truck with funding from Jeff Bezos, but it had also been operating in secret for three years in Troy, Michigan — the backyard of
Slate Auto: Everything you need to know about the Bezos-backed EV startup Read More »
Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, according to a new report from Bloomberg News. The funding round brings Also’s post-money valuation to $1 billion. The startup raised $105 million from Eclipse Ventures earlier this year when it was cleaved from Rivian. Also
Rivian spinoff Also raises another $200M to build e-bikes and more Read More »
As Rivian starts accepting orders for its 2026 Quad-Motor pickup truck and SUV, customers may initially be enticed by the power and tricks the four motors in these rebooted EVs can unleash. After all, four motors delivering a combined 1,025 horsepower and 1,198 pound-feet of torque — and the ability to accelerate from a standstill
The tech behind Rivian’s 2026 Quad-Motor truck and SUV — and that kick turn Read More »
