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 »
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 $1.45B as cost-cutting measures continue Read More »
Lucid Motors’ senior vice president of digital Mike Bell has resigned from his position. The company said in a filing Monday that the longtime Apple and Intel executive’s resignation is “effective immediately, in order to pursue other opportunities.” Lucid says Bell will serve in an advisory role through mid-August to help “transition” his duties at
Lucid loses longtime Apple and Intel exec who steered software division Read More »
Lucid Motors’ senior vice president of digital Mike Bell has resigned from his position. The company said in a filing Monday that the longtime Apple and Intel executive’s resignation is “effective immediately, in order to pursue other opportunities.” Lucid says Bell will serve in an advisory role through mid-August to help “transition” his duties at
Lucid loses longtime Apple and Intel exec who steered software division Read More »
Henrik Fisker stood on a stage last August and proudly debuted two prototypes designed to catapult his eponymous EV startup Fisker into the mainstream. There was the Pear, a low-cost EV meant for the masses, and the Alaska, Fisker’s entry into the red-hot pickup truck market. In the weeks that followed, Fisker stopped paying the
