electric vehicles

Palantir now owns nearly 9% of EV startup Faraday Future — here’s why

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Palantir now owns 8.7% of struggling electric vehicle startup Faraday Future, according to a new filing with the U.S. Securities and Exchange Commission. The data-mining company was granted more than 800,000 shares in the EV startup on October 2 “as payment for certain outstanding receivables” — the equivalent of roughly $2.4 million judging by Faraday […]

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Fisker bankruptcy hits major speed bump as fleet sale is now in question

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Fisker’s Chapter 11 bankruptcy has hit a major snag, as the company buying the startup’s remaining fleet of electric SUVs says it might not complete the purchase because of a surprising technical issue. The buyer, a New York-area leasing company called American Lease, says in a new filing that Fisker now believes there is no

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Fisker’s plan to make owners pay for recall repairs is illegal, DOJ says

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The U.S. Department of Justice says bankrupt EV startup Fisker’s plan to make owners pay for labor costs related to multiple recalls is illegal, according to a new filing. The DOJ, writing on behalf of the National Highway Traffic Safety Administration (NHTSA), said in a filing submitted to Fisker’s bankruptcy docket Monday that the “scheme”

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Lucid Motors sets third straight quarterly sales record ahead of Gravity SUV launch

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Lucid Motors has now officially sold more EVs this year than it did in all of last year, and with three months to go in 2024. The milestone comes after Lucid announced Monday it delivered 2,781 vehicles in the third quarter of 2024. That’s a third straight record quarter for deliveries, though Lucid is still

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Detroit startup Grounded has a Lego-like way of designing EV vans for small businesses

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When Also Capital managing partner Mike Annunziata walks around New York City these days, he sees lots of vans — and opportunity. It’s something he admits he never noticed until he met former SpaceX engineer Sam Shapiro, who is the founder of a new Detroit-based modular electric RV startup called Grounded. Sometimes, Annunziata told TechCrunch,

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Canoo hit with two supplier lawsuits as last remaining co-founder leaves

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EV startup Canoo has been hit with two new lawsuits from suppliers linked to the drivetrains that power its electric vehicles, just weeks after the company kicked off a major reorganization that included the departure of its chief technology officer. Canoo has also parted ways with senior director of advanced vehicle engineering Christoph Kuttner, who

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Northvolt lays off 1,600 workers, but it’s not the end for Europe’s battery champion

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When is raising $14 billion not enough? When you’re a battery startup. Northvolt, Europe’s attempt at building a competitor to Asia’s battery manufacturing powerhouses, announced on Monday that it had halted work on a factory expansion and laid off 1,600 employees, or about 20% of the workforce. The company was planning to expand its Ett

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Rivian reveals first $10M in grants for long-promised Rivian Foundation

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Rivian has revealed the first $10 million worth of grants from the Rivian Foundation, three years after the EV maker vowed the philanthropy would receive 1% of its equity to make the “natural world” a “stakeholder in our success.” The company launched Monday a website for the foundation that details 41 grantees who will collectively

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Thor and Harbinger Motors’ new hybrid RV will let you spend more time at the campsite

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Legacy automakers are experiencing a sort of existential crisis as they grapple with whether to stick to plans to go all-electric or hedge with hybrids. This sudden appetite for options across the industry is creating opportunity for EV startups like Los Angeles’ Harbinger Motors, which announced Monday that it has developed its first hybrid powertrain

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