electric vehicles

Public EV startup with an indicted CEO is looking to raise an additional $100 million

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It’s tempting to think the trend of EV startups merging with special purpose acquisition companies (SPACs) to go public has ended, seeing how many of them are struggling or defunct. But that’s not quite true. A startup called Thunder Power Holdings went public on the Nasdaq exchange in June through a SPAC, and is now […]

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Ford says a pickup truck will be the first EV built on its low-cost platform

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The first vehicle that will be built on the low-cost EV platform Ford’s been developing in secret will be a mid-size pickup due out in 2027, the automaker announced Wednesday morning. The news comes as part of a much larger rewriting of Ford’s electrification plans. The company is abandoning a plan to make an all-electric

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Rimac squeezes more power into its new all-electric hypercar Nevera R. And it only starts at $2.5 million

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Rimac, the Croatian EV upstart that ascended from a garage to become a supercar and technology powerhouse merged with Bugatti, has upgraded its Nevera hypercar. And along the way, Rimac managed to squeeze more power into it.  Rimac revealed Friday during The Quail, a Motorsports Gathering at Monterey Car Week the Nevera R, an all-electric

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Lucid pumps $1.5B from Saudi wealth fund after CEO warned relying on its ‘bottomless wealth’ was ‘dangerous’

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Saudi Arabia is committing even more money to Lucid Motors as the EV startup struggles to erase its losses. Lucid announced Monday as part of its second-quarter earnings report that an affiliate of the Saudi sovereign wealth fund is committing another $1.5 billion, with half coming in the form of a private placement and the

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GM-backed Addionics aims to make lithium-ion batteries cheaper with wavy foil

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In the lithium-ion battery world, the race to the bottom isn’t as ominous as it sounds. Battery manufacturers are under pressure from automakers to lower prices while maintaining or improving performance. They’ve largely delivered, with battery pack costs dropping from $780 to $139 per kilowatt-hour over the last decade, according to BNEF. That’s allowed electric

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Monarch Tractor CEO says $133M raise will help it escape ‘quite a challenging time’

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Monarch Tractor was in a tricky spot late last year as the autonomous electric tractor startup juggled growth and an uncertain fundraising environment. Now, with $133 million in new funds, CEO Praveen Penmetsa tells TechCrunch that the startup is plowing ahead into greener pastures.  The $133 million Series C funding round was co-led by agri-food

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