EVs Archives - Page 13 of 15 - GenixPlay Studios

Why Scott Painter is selling a beach house to start a new vehicle software company

Serial entrepreneur Scott Painter’s plan to build an all-electric vehicle subscription company called Autonomy has not worked out. So he’s pivoting once again to what he calls the “hardest build” of his career. While Autonomy will continue operating the small 1,000-car fleet it assembled over the last few years — far from the stated goal […]

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Rivian lost $1.46 billion in Q2 as it drives towards a VW-linked future

Transportation / Sasandara Dilmina

Rivian’s financial losses have crept up as it pushed out the last of its first-generation R1 trucks and SUVs in favor of newer, more cost efficient versions — a sign of just how much the company could use the $5 billion that could come its way as part of a recently announced deal with Volkswagen

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

Transportation / Sasandara Dilmina

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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VC darling Rad Power Bikes hit with another round of layoffs

Startups / Sasandara Dilmina

Rad Power Bikes, the Seattle-based e-bike startup that has raised more than $300 million from investors, went through another round of layoffs in July, TechCrunch has exclusively learned. This is the company’s fifth round since April 2021, when it cut back 100 staffers. Rad’s latest layoffs follow a culling a year ago, where the e-bike

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The Waymo-Zeekr robotaxi has come to San Francisco

Transportation / Sasandara Dilmina

Waymo has started testing a new robotaxi built by Chinese electric automaker Zeekr on public roads in San Francisco. Waymo has “less than a handful” of the Zeekr vehicles in San Francisco today and isn’t driving them autonomously yet. Still, the fact that Waymo has hit the roads with a roomier, custom-built robotaxi signals the

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GM’s Cruise abandons Origin robotaxi, takes $583 million charge

Transportation / Sasandara Dilmina

GM’s self-driving car subsidiary Cruise is scrapping plans to build the Origin — a purpose-built robotaxi with no steering wheel or pedals — and will instead use the next-generation Chevrolet Bolt in its operations. GM Chair and CEO Mary Barra told shareholders Tuesday the decision will “simplify their path to scale” and addresses the regulatory

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Elon Musk is now a villain in Joe Biden’s presidential campaign

Transportation / Sasandara Dilmina

Elon Musk has made it clear he doesn’t like Joe Biden. But since Musk officially endorsed and is reportedly financially backing Donald Trump in this year’s presidential campaign, Biden is returning the favor. The president is now directly campaigning on Musk — and other high-profile and wealthy Silicon Valley VCs — supporting Trump’s bid. “I’m

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Ford’s EV plans are in flux once again as it invests $3B into its biggest trucks

Transportation / Sasandara Dilmina

Ford said Tuesday it will expand production of its Super Duty trucks to a factory in Canada that was slated for a $1.34 billion transformation into an assembly plant for its next-generation of electric vehicles. The U.S. automaker said it will start producing F-Series Super Duty pickups at its Oakville Assembly plant in Ontario, Canada,

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Fisker cleared to sell North American EVs for $46.25 million

Transportation / Sasandara Dilmina

Fisker has been given the green light by a bankruptcy judge to sell more than 3,000 of its Ocean SUVs to a vehicle leasing company, a deal that will net the defunct EV startup a maximum of $46.25 million. The approval of the sale clears the way for the rest of Fisker’s bankruptcy process to

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Fisker has one major objector to its Ocean SUV firesale

Transportation / Sasandara Dilmina

One major dissenter threatens to upend Fisker’s apparent best chance at offloading its unsold EVs, a deal that would keep the startup’s bankruptcy proceeding alive and pave the way for paying pack creditors some of what they’re owed. The objection to the sale comes from the office of the U.S. Trustee, an arm of the

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