Nikola, the beleaguered electric truck developer, is at risk of being delisted from Nasdaq, the company disclosed Thursday in a regulatory filing. Nikola said it received May 24 a delisting notice from the public exchange because its share price has been below $1 for the past 30 days. The company has until November 20, to […]
Electric truck maker Nikola at risk of being delisted from Nasdaq by Kirsten Korosec originally published on TechCrunch
Vietnamese automaker Vinfast has issued its first recall for some of its 2023 VF8 vehicles over a software glitch that causes the dashboard screen to go blank. The recall was issued after federal regulators warned that drivers were at an increased risk of crashing because a blank display doesn’t show critical information such as the […]
Vinfast recalls EVs sent to U.S. over a software glitch by Kirsten Korosec originally published on TechCrunch
Hyundai Motor has announced that it plans to invest $2.45 billion (200 billion Indian rupees) over the next ten years in the southern Indian state of Tamil Nadu to bolster its plans for electric vehicles in the country. On Thursday, the South Korean company signed an agreement (a memorandum of understanding) with the state government […]
Hyundai Motor to invest $2.45bn in India by 2032 to boost EV ecosystem by Jagmeet Singh originally published on TechCrunch
On a mission to make Electic Vehicle batteries more sustainable, German startup Voltfang has raised €5 million. The Aachen-based startup builds and connects energy storage solutions from second-life EV batteries and is now set to scale. The energy transition is hurtling forward at an accelerated pace. It’s changing how we heat our homes, charge our […]
The post Aachen-based Voltfang secures €5 million funding boost for its circular approach to EV batteries appeared first on EU-Startups.
Rivian may still be burning through cash, but its managed to narrow losses and generate more revenue as the automaker sells more of its EVs while paring down costs. Rivian reported Tuesday $661 million in revenue in the first quarter, a nearly seven-fold increase from the same period last year when it was plagued by […]
EV maker Rivian narrows losses in Q1, beats on revenue by Kirsten Korosec originally published on TechCrunch
After a nearly nine-month hiatus, Tesla has reopened orders for its long-range Model 3. The vehicle reappeared on the automaker’s website earlier this week with a steep price drop. It previously started at $57,990, but now sits at $47,240 before any interior, exterior or software upgrades. Still, this roughly 18.5% discount seems to come with […]
Tesla brings back the long-range Model 3 with an 18% discount by Harri Weber originally published on TechCrunch
Ford cut the price of its all-electric Mustang Mach-E by as much as $4,000 while adding range and other features — the latest move in an EV price war sparked by Tesla. Ford said Tuesday it is reopening its order book and preparing to ramp production of the vehicle in the second half of 2023, […]
Ford slashes prices on its all-electric Mustang Mach-E as it reopens orders by Kirsten Korosec originally published on TechCrunch
States have taxed motorists at the pump for more than a century. Yet, as electric cars gain ground, what happens when folks stop refueling altogether? State lawmakers are increasingly imposing annual fees on EV owners, arguing they should pay up because they still rely on public infrastructure to get around. Texas is on track to […]
EV owners in Texas face $200 annual fee by Harri Weber originally published on TechCrunch
Vietnamese EV automaker Vinfast is getting a $2.5 billion injection of capital as it pursues an ambitious plan to woo U.S. consumers with a slate of electric SUVs and crossovers. Billionaire Pham Nhat Vuong, who founded Vinfast’s parent company Vingroup, committed Wednesday to invest $1 billion of his personal wealth via a grant in the […]
Vinfast’s EV ambitions just got a $2.5B boost by Kirsten Korosec originally published on TechCrunch
