Lucid Motors delivered 2,394 EVs in the second quarter of 2024, a new record for the company and a positive sign amid its struggle to establish a foothold in the still-growing market for electric vehicles. That number easily clears Lucid’s prior record, which it set in the first quarter of the year when it shipped […]
Lucid Motors sets new record for EV deliveries as it seeks ‘escape velocity’ Read More »
Fisker has a willing buyer for its remaining inventory of all-electric Ocean SUVs, and has asked the Delaware Bankruptcy Court judge overseeing its Chapter 11 case to approve the sale. If approved by the judge, Fisker would be able to offload 3,321 finished EVs to a New York-based vehicle leasing company for $46.25 million. That
Fisker asks bankruptcy court to sell its EVs at average of $14,000 each Read More »
Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets “outside the court’s supervision.” At issue is the relationship between Fisker and its largest secured lender, Heights Capital Management, an affiliate of financial services company
The fight over Fisker’s assets is already heating up Read More »
Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week. The admission provides a clearer picture of Fisker’s troubles in 2023 as it struggled to ramp up deliveries of its flagship Ocean SUV, despite CEO
Fisker faced financial distress as early as last August Read More »
Two years ago, an employee at Fisker Inc. told me that the most pressing concern inside the EV startup was not whether its Ocean SUV would get built. Fisker was outsourcing the manufacturing of its first EV to highly respected automotive supplier Magna, after all. The startup’s November 2022 start-of-production target was aggressive, but not
Fisker failed because it wasn’t ready to be a car company Read More »
There has been a lot of recent chaos in the world of electric vehicles, and Ford has capitalized on it to build out its secretive low-cost EV team. A TechCrunch review of LinkedIn data found that Ford has built this team up to around 300 employees over the last year. That includes around 50 coming
Ford’s secretive low-cost EV team is growing with talent from Rivian, Tesla and Apple Read More »
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 »
