As pressure from Chinese competitors intensifies and the EV market stalls, major U.S. and European auto manufacturers are racing to cut the cost of producing electric vehicles so they can get to the price tags and profit margins of ICE cars. But to do that, they must find ways to make the design process faster […]
Swiss startup Neural Concept raises $27M to cut EV design time to 18 months Read More »
An autonomous pod. A solid-state battery-powered sports car. An electric pickup truck. A convertible grand tourer EV with up to 600 miles of range. A “fully connected mobility device” for young urban innovators to be built by Foxconn and priced under $30,000. The next Popemobile. Over the past eight years, famed vehicle designer Henrik Fisker
Inside EV startup Fisker’s collapse: how the company crumbled under its founders’ whims Read More »
Struggling EV startup Fisker has laid off hundreds of employees in a bid to stay alive, as it continues to search for funding, a buyout or prepare for bankruptcy. Workers suspected layoffs were coming when the company directed everyone to work from home on Wednesday — an out-of-character directive, according to multiple current and former
Fisker cuts hundreds of workers in bid to keep EV startup alive Read More »
Cadillac may seem a bit too traditional to hang its driving cap on EVs. And yet, that hasn’t stopped the GM brand from rolling out — or at least showing off — four all-electric vehicle models since 2022. The latest is the 2025 Optiq, a mid-size crossover that could finally snag the young, hipster customers
The Cadillac Optiq EV starts at $54,000 and is designed to hook young hipsters Read More »
Lucid Motors is laying off about 400 employees, or roughly 6% of its workforce, as part of a restructuring ahead of the launch of its first electric SUV later this year. The company said in a regulatory filing on Friday morning that it expects to complete the restructuring by the end of the third quarter
Lucid Motors slashes 400 jobs ahead of crucial SUV launch Read More »
The top vehicle safety regulator in the U.S. has launched a formal probe into an April crash involving the all-electric VinFast VF8 SUV that claimed the lives of a family of four, TechCrunch has learned. The crash happened in Pleasanton, California at about 9 p.m. on April 24. Police told local news outlets at the
VinFast crash that killed family of four now under federal investigation Read More »
Spencer Gore has a battery startup. But he doesn’t want his batteries to end up in electric vehicles, at least not yet. “There are a lot of interesting downmarket segments of automotive that are underserved today that are faster to get into than, say, the traction battery in EVs,” he told TechCrunch. Take the traditional
Nicholas Johnson founded a company because he lost a bet. Johnson was having dinner with some investors in Lyt, a road congestion management company he had co-founded. As the dinner conversation meandered, it settled on EV charging and how best to bring it to multi-family housing. Apartment dwellers who own EVs are often left with
Orange Charger thinks a $750 outlet will solve EV charging for apartment dwellers Read More »
Electric vehicle demand might be softening, but investors appear to be excited about the U.S. debut of a Chinese luxury EV brand. Geely-owned Zeekr hit the New York Stock Exchange with a splash on Friday, making it the first major U.S. listing by a Chinese company since 2021, following China’s effective ban on foreign IPOs.
The buzziest EV IPO of the year is a Chinese automaker Read More »
Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 billion in revenue in the period, coming in just under its record haul from the prior quarter, according to its first-quarter earnings report that was
Rivian loses $1.45 billion as cost-cutting measures continue Read More »
