Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7 proceeding in the Delaware Bankruptcy Court. The company said in a press release published late Friday that it was “in discussions with foreign sources of capital” that proved unsuccessful, and also […]
EV startup Canoo files for bankruptcy and ceases operations Read More »
Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump’s inauguration. The company will use the loan to help build out its planned factory in Georgia, east of Atlanta, with construction beginning in 2026. The first R2 SUVs are scheduled to
Rivian finalizes $6.6B loan for its Georgia factory Read More »
Volvo spinoff Polestar had a rough 2024, and 2025 looks like it could be just as difficult. The EV maker announced Thursday that it expects to generate less revenue in fiscal year 2024 than it did in 2023, after previously estimating sales would stay the same. That’s thanks to “fewer than expected Polestar 3 and
Polestar digs in for another grim year Read More »
When Hindenburg Research posts a blog on its website, it often means a company’s final days are near. Today, that company is Hindenburg Research. Nate Anderson announced Wednesday he has shut down short-selling firm Hindenburg Research, after a seven-year run issuing damning reports about high-profile companies, including many of the technology world’s giants and buzzy
Tesla, along with three other industry partners, quietly backed an Illinois Environmental Protection Agency application that won $100 million in funding to build electric truck charging stations across the state, TechCrunch has learned. The award was the biggest given out by the Biden Administration’s Federal Highway Administration last week in the second round of what’s
Tesla to split $100M award for electric truck charging corridor in Illinois Read More »
Sean Duffy, President-elect Donald Trump’s nominee to head the U.S. Department of Transportation, thinks owners of electric vehicles should pay to use roads. “How to do that, I think, is a little more challenging,” Duffy said at his confirmation hearing Wednesday before the Senate Commerce Committee. The former Republican lawmaker is correct that it would
Trump’s DOT pick wants EV owners to pay to use roads Read More »
It’s not an easy time to raise money for an electric vehicle startup, especially given how many have failed or are close to failing. But Los Angeles-based Harbinger has pulled it off by taking an hyper-focused approach to electrifying commercial trucking. The reward is a $100 million Series B, co-led by early Tesla investor Capricorn
EV startup Harbinger’s obsession with simplicity fuels $100M Series B Read More »
The Department of Transportation announced Friday another $636 million in funding that will be awarded to 49 applicants for electric vehicle charging infrastructure — and Tesla’s application for nearly $100 million to fund a big rig charging corridor was once again passed over. Tesla’s name was not among the list of recipients released, and its partner
Biden admin snubs Tesla’s $100 million big-rig charging funding request — again Read More »
Even before CES 2025 kicked off a few trends began to emerge — or more accurately, some gaps appeared. All U.S. and some European automakers that have helped turn CES into an auto show were absent. Several Chinese automakers filled that void, notably Zeekr, the EV brand owned by China’s Geely Holdings. Wey, a premium
CES 2025: Self-driving cars were everywhere, plus other transportation tech trends Read More »
I did not go to CES 2025 with the goal of getting drenched by Lake Mead’s chilly January waters. But when I discovered Los Angeles-based boat startup Arc had brought its new sport boat to Las Vegas, I figured it was worth the risk. It was. The Arc Sport was a joy to drive, even
I got soaked driving the Arc Sport electric boat Read More »
