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Posts filtered by tags: EV startups[x]


 

Market Magic: Fisker Considers Going Public While the Getting Is Good

Fisker Inc. is reportedly in talks to go public after seeing how well other electric vehicle manufacturers (prospective or otherwise) have performed on Wall Street this year. In case you missed it, Tesla became the most valuable automaker on the planet this summer, while startup Nikola saw its shares explode through the ceiling ⁠— despite having […] The post Market Magic: Fisker Considers Going Public While the Getting Is Good appeared first on The Truth About Cars.
Tags: Investments, Tesla, IPOs, Karma, Electric Vehicles, Autos, Stocks, Automotive Industry, Nikola, News Blog, Fisker Automotive, EV startups, Fisker Inc


Lucid Motors Plots 20 Storefronts By 2021

On Wednesday, Lucid Motors announced plans to open 20 retail locations and service centers across North America by the end of 2021. They’ll be called “Lucid Studios,” helping the company herald in what it considers “new standards for sustainable transportation” via the sale of luxury vehicles. You know as well as we do that this […] The post Lucid Motors Plots 20 Storefronts By 2021 appeared first on The Truth About Cars.
Tags: Electric Vehicles, Autos, Automotive Industry, North America, Industry News, News Blog, Lucid Motors, Lucid Air, EV startups, Lucid Motors Plots, Lucid Studios


Lucid Motors Plots 20 Storefronts By 2022

On Wednesday, Lucid Motors announced plans to open 20 retail locations and service centers across North America by the end of 2021. They’ll be called “Lucid Studios,” helping the company herald in what it considers “new standards for sustainable transportation” via the sale of luxury vehicles. You know as well as we do that this […] The post Lucid Motors Plots 20 Storefronts By 2022 appeared first on The Truth About Cars.
Tags: Electric Vehicles, Autos, Automotive Industry, North America, Industry News, News Blog, Lucid Motors, Lucid Air, EV startups, Lucid Motors Plots, Lucid Studios


Badger Begins: Nikola Now Taking Reservations

Early adopters willing to toss cash at an exciting idea have been the lifeblood of modern-day electric vehicles. Without investors believing in Tesla and cramming its sweet cheeks full of cash, it never would have gotten to a point where it could actually manufacture cars. The same is true for the thousands of people dropping […] The post Badger Begins: Nikola Now Taking Reservations appeared first on The Truth About Cars.
Tags: Tesla, Electric Vehicles, Autos, Fuel Cell, Hydrogen power, EVs, News Blog, BEVs, Trevor Milton, Electric Pickup, ZEVs, EV startups, Nikola Motor, Nikola Corporation


Plug Pulled: Byton Suspends Production, Plans Reorganization

Chinese electric car startup Byton will reportedly idle production next month as it attempts to reorganize itself. While the coronavirus emerged as a villain in this play, the issues confronting Byton actually seem pretty dire. The company isn’t just idling factories to address a health crisis, it’s shutting things down for six months while it […] The post Plug Pulled: Byton Suspends Production, Plans Reorganization appeared first on The Truth About Cars.
Tags: China, Electric Vehicles, Autos, News Blog, Automotive startups, Restructuring, EV startups, Chinese Companies, Byton, M-Byte, Production Stall


Rivian Snubs Michigan for California

Following reports that Rivian might decide to move a large portion of its operations out of Michigan, news has reached us that it’s all but abandoning the Mitten State for sunny California. Starting its life as Avera Motors in Florida back in 2009, the EV startup moved to Plymouth, Michigan in 2015 to poach talent from […] The post Rivian Snubs Michigan for California appeared first on The Truth About Cars.
Tags: Amazon, Florida, Jobs, California, Electric Vehicles, Autos, Michigan, Moving, News Blog, Plymouth Michigan, Mitten State, EV startups, Rivian, R1T, R1S, Rivian Snubs Michigan


Nikola’s Valuation Seems Crazy

Nikola, the Phoenix-based EV startup that hopped on the Nasdaq last week, finds itself awash in capital despite not having much to show for itself it terms of sellable product. No matter, as it doesn’t take a sound business model or originality to thrive on Wall Street. Nikola hasn’t even seen fit to come up with […] The post Nikola’s Valuation Seems Crazy appeared first on The Truth About Cars.
Tags: Wall Street, Electric Vehicles, Share Price, Autos, Stocks, Nasdaq, Investors, Phoenix, Nikola, News Blog, Automotive startups, EV startups, Nikola TRE, Nikola Badger


NIO Death Watch: Chinese EV Company About to Bite the Dust

With the way China organized its great leap forward into electrification, we knew it would bury hundreds of automotive startups in the process. By propping up countless businesses, China ensured it could boast more new EV manufacturers than any other nation on the planet. Yet most  industry watchers presumed there would be a low survival […] The post NIO Death Watch: Chinese EV Company About to Bite the Dust appeared first on The Truth About Cars.
Tags: China, Autos, NIO, News Blog, EV startups, Chinese auto market, EV companies, NIO death watch


Direct Sales Compromise Reached Between Colorado Auto Dealers and EV Makers

Colorado has been considering allowing automakers to sell electric vehicles directly to consumers, but pushback from dealerships complicated things. Senate Bill 167 was intended to level the playing field against Tesla, which already engaged in direct sales, by opening up the door for rival electric vehicle manufacturers to similarly bypass the dealership model. However, dealer groups […] The post Direct Sales Compromise Reached Between Colorado Auto Dealers and EV Makers appeared first on The T...
Tags: Law, Colorado, Senate, Tesla, Electric Vehicles, Autos, Bill, Automakers, Car Dealers, News Blog, Dealership, Dealer News, EV startups, Hot Legal Action, Rivian, Senate Bill 167


Faraday Future Founder Files for Chapter 11

The founder of Faraday Future, Yueting Jia, has filed for bankruptcy and restructuring under Chapter 11 in the United States, according to a statement released by the company. The decision allows Jia (known within the company as “YT”) to address his debts in China, which can be measured billions, so his ownership of FF can […] The post Faraday Future Founder Files for Chapter 11 appeared first on The Truth About Cars.
Tags: China, FF, United States, Electric Vehicles, Autos, Faraday Future, Industry News, Jia Yueting, Jia, News Blog, Automotive startups, EV startups, Yueting Jia


Doing the Math Yields More Bad News for China’s Auto Industry

Over the past several years, the Chinese government embarked on an aggressive electric vehicle push, hoping to mitigate the nation’s severe air pollution, reduce its reliance on oil imports, and foster a high-tech manufacturing sector that could put the rest of the world to shame. The result of these efforts? Hundreds of new EV companies, […] The post Doing the Math Yields More Bad News for China’s Auto Industry appeared first on The Truth About Cars.
Tags: Finance, Investments, Government, China, Electric Vehicles, Autos, Automotive Industry, EVs, Electric Cars, Automotive Technology, News Blog, Automotive startups, New Tech, EV startups, Chinese Auto Industry


You Can Now Legally Invest In Faraday Future…

Faraday Future’s path to glory has been complicated to say the least. A series of ludicrously ambitious moves have been plighted with failure, followed by renewed hopes that were ultimately dashed. Incredibly, the aspiring automaker still exists and intends to begin production of its first electric vehicle once its money troubles are over. Unfortunately, the […] The post You Can Now Legally Invest In Faraday Future… appeared first on The Truth About Cars.
Tags: Investments, China, FF, Electric Vehicles, Autos, Faraday Future, Industry News, Evergrande, News Blog, Automotive startups, EV startups, FF91


You Can Now Legally Invest Into Faraday Future…

Faraday Future’s path to glory has been complicated to say the least. A series of ludicrously ambitious moves have been plighted with failure, followed by renewed hopes that were ultimately dashed. Incredibly, the aspiring automaker still exists and intends to begin production of its first electric vehicle once its money troubles are over. Unfortunately, the […] The post You Can Now Legally Invest Into Faraday Future… appeared first on The Truth About Cars.
Tags: Investments, China, FF, Electric Vehicles, Autos, Faraday Future, Industry News, Evergrande, News Blog, Automotive startups, EV startups, FF91


Faraday Future Co-founder Calls It Quits; Majority Shareholder Has Odd Debt Solution

Faraday Future co-founder Nick Sampson has quit his executive post as the aspiring automaker continues struggling with finance issues relating to its latest financial backer and China’s second-largest real estate developer, Evergrande Group. That leaves CEO Jia Yueting as the company’s only founding executive left on staff. But it would appear he might also leave, albeit […] The post appeared first on The Truth About Cars.
Tags: Investments, China, FF, Electric Vehicles, Autos, Faraday Future, Industry News, Nick Sampson, Jia Yueting, Evergrande, News Blog, Automotive startups, EV startups, FF91, Faraday Future Co, Evergrande Group That


Faraday Future Confronting Layoffs, Pay Cuts, Probable Corporate Doom

Following a previous article about Faraday Future, the manufacturer reached out to yours truly to clarify a few things. First of all, the company deemed the headline and body a bit “jagged.” Understandable, as no manufacturer wants to be called “America’s Worst Automaker” by some bespectacled creep sitting behind a keyboard. Faraday’s spokesperson also noted […] The post Faraday Future Confronting Layoffs, Pay Cuts, Probable Corporate Doom appeared first on The Truth About Cars.
Tags: Investments, China, America, FF, Electric Vehicles, Editorials, Autos, Faraday, Faraday Future, Industry News, Jia Yueting, Evergrande, News Blog, Automotive startups, EV startups, FF91


China’s NIO Sold 3,268 Autos Last Quarter, Most of Them Last Month

Nio, originally launched as NextEV in 2014, announced that it had delivered 3,268 electric SUVs in the third quarter of 2018. Not only does this beg the question of when Nio swapped from Formula E and electrified hypercars to utility vehicles, but it also makes us wonder how a burgeoning EV firm managed to surpass production goals. […] The post China’s NIO Sold 3,268 Autos Last Quarter, Most of Them Last Month appeared first on The Truth About Cars.
Tags: China, Electric Vehicles, Autos, NIO, News Blog, Nomi, Product Planning, EV startups, Nio ES8, NIO ES6, NIO Sold


Checking In With Faraday Future, America’s Worst Automaker

Faraday Future’s summer fling with Chinese real estate group Evergrande, which invested $800 million into the company last June, appears to be over. The “automaker” is allegedly trying to back out of its arrangement after its CEO and founder, Jia Yueting, requested an additional $700 million in funding. The official deal calls for another $1.2 billion over the […] The post Checking In With Faraday Future, America’s Worst Automaker appeared first on The Truth About Cars.
Tags: China, America, FF, Industry, Electric Vehicles, Editorials, Autos, Faraday Future, Industry News, Jia Yueting, Evergrande, Automotive startups, EV startups, FF91


Faraday Future Sets up Headquarters in China, Promises New Models and 5 Million Cars By 2028

Evergrande Health Industry Group Ltd, which owns a 45 percent stake in U.S.-based Faraday Future, said Tuesday that the electric vehicle startup has officially moved its headquarters to China. The group claims Faraday now plans on building five R&D and production facilities across the country over the next decade. The intended goal is to have […] The post Faraday Future Sets up Headquarters in China, Promises New Models and 5 Million Cars By 2028 appeared first on The Truth About Cars.
Tags: China, FF, Electric Vehicles, Autos, Faraday, Faraday Future, Evergrande, News Blog, Automotive startups, EV startups, FF91, Evergrande Health Industry Group Ltd


What’s the Chinese Electric Car Startup Survival Rate? One Percent, An Investor Predicts

China has bit of a gambling problem when it comes to electric car manufacturers, though it should probably be referred to as a “gambling solution.” The country dumps vast sums of money into hundreds of EV startups, effectively hedging its bets by placing chips on absolutely everyone. With $15 billion already invested, the nation intends to […] The post What’s the Chinese Electric Car Startup Survival Rate? One Percent, An Investor Predicts appeared first on The Truth About Cars.
Tags: Investments, China, Electric Vehicles, Autos, Automotive Industry, Autonomous Vehicles, EVs, Electric Cars, Automotive Technology, News Blog, Automotive startups, New Tech, EV startups, Advanced Driving Technology, Chinese Electric Car Startup Survival Rate


Faraday Future’s Chinese Sugar Daddy is Selling Land to Improve Its Crippling Financial Woes

Faraday Future is more of an automotive marketing company than it is an automaker. The company has been making unsubstantiated promises and ignoring its fiscal woes without giving much assurance that it will ever bring a production car — or assembly plant — into the real world. Problems have continued to mount and, like any deeply rooted zit, the […] The post Faraday Future’s Chinese Sugar Daddy is Selling Land to Improve Its Crippling Financial Woes appeared first on The Truth About Cars.
Tags: Government, Industry, Electric Vehicles, Autos, Nevada, Ponzi Schemes, Faraday Future, Leeco, Dan Schwartz, News Blog, Automotive startups, EV startups



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