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Lordstown Deathwatch: Another Unflattering SEC Filing Emerges

We’ve got more bad news about Lordstown Motors. Following several volleys of bad mojo ending with the departure of its upper management, the EV startup has informed the Securities and Exchange Commission (SEC) on Thursday that it doesn’t have any binding purchase orders or commitments. That’s not what the company was saying several months ago. Hell, that […] The post Lordstown Deathwatch: Another Unflattering SEC Filing Emerges appeared first on The Truth About Cars.
Tags: Startups, Electric Vehicles, Autos, Automotive Industry, EVs, Lordstown, Securities and Exchange Commission SEC, Deathwatch, Electric Pickup, EV startups, Lordstown Motors, Lordstown Motors Following


Ford acquires Electriphi as it prepares to woo EV fleet customers

Ford has two electric vehicles in the pipeline —  the E-Transit cargo van and F-150 Lighting Pro —aimed at commercial customers. Now, the automaker is rounding out its future EV commercial business with the acquisition of battery management and fleet monitoring software startup Electriphi. Terms of the acquisition weren’t disclosed. Ford is betting that the software developed by the three-year-old San Francisco startup will help it capture more than $1 billion in revenue just from charging by 20...
Tags: TC, Transportation, Electric Vehicle, San Francisco, Tech, Automotive, Ford, Electric Vehicles, Ghadiali, Electriphi, Muffi Ghadiali, Ford Pro


Canoo wants to connect owners to all of their vehicles — not just Canoo’s

Electric vehicle startup Canoo detailed some of the features that may be on its app on Thursday, foremost of which is a one-stop shop functionality that customers could use for their Canoo vehicles – and all their other cars, as well. This unusual approach to its branded vehicle app could potentially pay off big-time for Canoo in terms of user data and revenue via sales on services like tire replacements and insurance. If the average Canoo driver owns two other vehicles, that could mean that 50,...
Tags: Apple, Transportation, Apps, Tech, App, Automotive, Electric Vehicles, Netherlands, Oklahoma, Aquila, Treiber, Solera Holdings, Kranz, Stefan Krause, Ulrich Kranz, VDL Nedcar


Canoo to build its first electric vehicle factory in Oklahoma

Canoo, the electric vehicle startup that recently became a publicly traded company through a merger with a SPAC, plans to build a factory in Oklahoma that will employ up to 2,000 workers, newly appointed CEO Tony Aquila said Thursday during the company’s investor day presentation. The factory will be located on a 400-acre site in the MidAmerica Industrial Park in Pryor, Oklahoma about 45 minutes from Tulsa. The facility, which the company describes as a “mega microfactory” will include a paint, ...
Tags: Google, TC, Transportation, Electric Vehicle, Tech, Tesla, Austin, Electric Vehicles, Netherlands, Oklahoma, North America, Hyundai, East Coast, Faraday Future, Tulsa, SPAC


Lordstown Motors reverses claims about “binding orders” for electric pickup truck

Lordstown Motors does not have binding orders from customers for its electric Endurance pickup truck — a reversal from claims made earlier this week by company executives in an effort to restore confidence in the troubled company, according to a regulatory filing released Thursday. Lordstown Motors interim CEO Angela Strand and President Rich Schmidt made a series of statements Tuesday at an Automotive Press Association event that drove up shares in the company, including that it has enough “bin...
Tags: Transportation, Electric Vehicle, Tech, Automotive, Electric Vehicles, SEC, Securities And Exchange Commission, Don, SPAC, Lordstown, U S Securities and Exchange Commission, Steve Burns, Automotive Press Association, Hindenburg, Workhorse Group, Electric Pickup Truck


1 in 5 electric vehicle owners in California switched back to gas because charging their cars is a hassle, research shows

Mustang Mach-E GT Performance Edition. Ford Roughly 20% of electric vehicle owners in California replaced their cars with gas ones, a recent study shows. The main reason drivers made the switch was the inconvenience of charging. The findings suggest new challenges facing the growth of the nascent electric vehicle market. See more stories on Insider's business page. In roughly three minutes, you can fill the gas tank of a Ford Mustang and have enough range to go about 300 miles with its...
Tags: Transportation, News, California, La, Trends, Tesla, Bloomberg, Joe Biden, Ford Mustang, Ford, Electric Vehicles, Gm, North America, Charging, Chevy Bolt, Tal


Lincoln’s first EV will arrive in 2022 with three more to follow

Lincoln Motor will launch its first all-electric vehicle in 2022 followed by three other EVs as part of the luxury brand’s goal to electrify its entire portfolio by the end of the decade. The first EV will come to market just in time for Lincoln’s 100th birthday celebration — and nearly four years since initial reports emerged that the brand was aiming to electrify its lineup. Like GM’s luxury brand Cadillac, Lincoln doesn’t have an all-electric vehicle in its lineup. But Lincoln is keen to catc...
Tags: TC, Transportation, Tech, Automotive, United States, Ford, Electric Vehicles, Shanghai, Gm, Lincoln, Lincoln Motor, Cadillac Lincoln, China Lincoln, Lincoln Aviator, Rivian, Corsair Lincoln


GM Increases Investment Into Electrification, Stellantis Promises Four New EVs

There is plenty of electrification news this week, despite the brunt of consumers remaining seemingly disinterested in the automotive segment that’s entirely dependent upon batteries. General Motors recently announced that it would be increasing its EV investments through 2025 to $35 billion, noting that some amount of the funding will also be going toward autonomous vehicle […] The post GM Increases Investment Into Electrification, Stellantis Promises Four New EVs appeared first on The Truth Ab...
Tags: Electric Vehicle, General Motors, Investment, Industry, Electric Vehicles, Mary Barra, Gm, Autos, Automotive Industry, EVs, Industry News, Carlos Tavares, News Blog, Product Planning, Union News, Ultium


GM increases EV and AV investments to $35B through 2025

General Motors Co. has yet again upped the amount it says it will spend on electric and autonomous vehicle investments, saying Wednesday that it would spend $35 billion through 2025 – an $8 billion increase from its previous plan announced in November 2020. The company has set a target to bring 30 new EVs to the global market 30 by 2025 and to transition to all-zero-emission by 2035. With the new investment, GM said it will add new electric commercial trucks to its North American plan, as well a...
Tags: Transportation, Tech, General Motors, Cruise, Automotive, United States, Ford, Electric Vehicles, Mary Barra, Gm, Autonomous Vehicles, Honda, Pittsburgh, General Motors Co, Navistar, LG Chem


Buy any dip in Tesla's stock because of its long-term growth potential, says a wealth manager at a $1.2 billion firm

A white Tesla Model S is pictured at a Tesla facility in Littleton, Colorado. AP Photo/David Zalubowski AP Photo/David Zalubowski Tesla will continue to lead the industry, a managing director with Vios Advisors said on CNBC. With that, investors should buy the stock any time there's a dip, the investor said. Tesla shares fell slightly Wednesday, adding to the year-to-date loss. See more stories on Insider's business page. Traders should buy Tesla any time there's an opportun...
Tags: Elon Musk, China, Trends, Markets, Tesla, Electric Vehicles, Cnbc, Wealth Management, Rockefeller Capital Management, Michael Bapis, Vios Advisors, Bapis, Electric Vehicle Stocks, Natasha Dailey, Littleton Colorado AP Photo David Zalubowski, David Zalubowski Tesla


Polestar to build its first all-electric SUV in the United States

Polestar, Volvo Car Group’s standalone electric performance brand, will manufacture its first all-electric SUV in the United States. The automaker said Wednesday that the Polestar 3 will be assembled at a plant shared with Volvo Cars at a factory in Ridgeville, South Carolina. The Polestar 3 follows the all-electric Polestar 2 sedan and the hybrid grand tourer Polestar 1. Production of Polestar 3 is expected to begin globally in 2022. Polestar COO Dennis Nobelius said production in the U.S. will...
Tags: Transportation, China, Tech, Tesla, Automotive, United States, Electric Vehicles, Volvo, Geely, Volvo Cars, Volvo Car Group, Polestar, Dennis Nobelius, Ridgeville South Carolina, Zhejiang Geely Holding of China Volvo, Polestar Volvo Car Group


Scale AI CEO Alex Wang weighs in on software bugs and what will make AV tech good enough

Scale co-founder and CEO Alex Wang joined us at TechCrunch Sessions: Mobility 2021 this week to discuss his company’s role in the autonomous driving industry and how it’s changed in the five years since its founding. Scale helps large and small AV players establish reliable “ground truth” through data annotation and management, and along the way, the standards for what that means have shifted as the industry matures. Good data is the “good bones” of autonomous driving systems Even if two algor...
Tags: TC, Transportation, Tech, General Motors, AV, Artificial Intelligence, Automotive, Electric Vehicles, Toyota, Autonomous Vehicles, Cybernetics, Robotics, Self-driving Car, Aurora, Wang, ADAS


Chinese startup Pony.ai plans to launch a driverless robotaxi service in California in 2022

Pony.ai, the robotaxi startup that operates in China and the United States, has started testing driverless vehicles on public roads in California ahead of plans to launch a commercial service there in 2022. The company said the driverless vehicle testing, which means the autonomous vehicles operate without human safety drivers behind the wheel, is happening daily on public roads in Fremont and Milpitas, California. Pony.ai is also testing its driverless vehicles in Guangzhou, China. Pony.ai said...
Tags: TC, Transportation, Asia, California, China, Tech, Cruise, Automotive, United States, Electric Vehicles, DMV, Toyota, Autonomous Vehicles, Baidu, Guangzhou, FREMONT


Stellantis to Produce 4 Electric Vehicles at Italy's Melfi Plant From 2024 - UILM Union

MILAN (Reuters) - Stellantis will produce four medium-segment electric vehicles at its Melfi plant in southern Italy from 2024, the UILM union said...
Tags: Milan, Electric Vehicles, Italy, Melfi, Uilm, Reuters Stellantis, Melfi Plant From, UILM Union


Cruise secures $5B credit line to buy electric, autonomous Cruise Origin vehicles from GM

Cruise, the self-driving subsidiary of GM, has tapped a $5 billion line of credit from the automaker’s financial arm to pay for hundreds of purpose-built electric and autonomous Origin vehicles as they start to roll off the assembly line. The access to the credit provided by GM Financial will push Cruise’s “total war chest” to more than $10 billion as it prepares for commercialization, CEO Dan Ammann wrote in a blog post Tuesday. Pre-production of the Cruise Origin, which was first unveiled in J...
Tags: Transportation, Tech, Cruise, Automotive, Electric Vehicles, Gm, Autonomous Vehicles, Honda, Milford, Dan Ammann, Detroit Hamtramck, GM Financial, Detroit Hamtramck Assembly, Cruise Origin


Autonomous delivery startup Nuro moves into logistics with FedEx

Nuro, the autonomous delivery startup founded in 2016 by former Google engineers Dave Ferguson and Jiajun Zhu, is expanding into parcel logistics through a partnership with FedEx. The multi-year, multi-phased strategic partnership announced Tuesday aims to test and ultimately deploy Nuro’s second-generation R2 autonomous delivery vehicle within FedEx operations. Unlike others in the autonomous vehicle industry, Nuro has always focused its efforts on designing a low-speed electric self-driving ...
Tags: Google, Transportation, Tech, Walmart, Automotive, Electric Vehicles, Houston, Logistics, Fedex, Memphis Tennessee, Plano, Manchester New Hampshire, Dean Kamen, Frisco Texas, Dave Ferguson, Autonomous Delivery


G2VP VC raises $500 million to fund sustainable tech

G2 Venture Partners, a firm that spun out of Kleiner and Perkins Caufield & Byers, has raised $500 million to support entrepreneurs that aim to make existing industries more efficient, environmentally friendly and socially responsible.   With Fund II, G2 is most bullish about technologies in transportation, logistics, manufacturing, agriculture and energy, with an increasing focus on sustainability, according to a spokesperson for the firm. “The launch of our second fund expands our ability t...
Tags: TC, Transportation, Tech, Electric Vehicles, Aveva, John Doerr, Kleiner, Enphase, Doerr, Seegrid, David Mount, Proterra, J Rodgers, Shell Ventures, Perkins Caufield Byers, McKnight Foundation


Kia and Uber partner to give drivers in 20 European markets discounts to EVs

Uber and Kia Europe are teaming up to offer drivers in 20 European markets deals on buying, leasing, financing or renting Kia’s e-Niro and e-Soul, the latest move by the ride-hailing giant to achieve its emissions goals.  Uber has committed to being a zero-emission mobility platform across Europe by 2030, and hopes to get up to 30,000 Uber drivers into Kia’s BEV range by the same year. Kia is the latest in Uber’s collection of automakers offerings its drivers discounted rates on electric cars...
Tags: TC, Transportation, Uber, Europe, London, Tech, European Union, Electric Vehicles, Paris, Gm, Nissan, Hyundai, Kia, Niro, Hyundai Motor Group, Kia Europe


Jaguar Land Rover to develop a Defender-like hydrogen fuel cell EV

Jaguar Land Rover is developing a hydrogen fuel cell vehicle based on the new Defender SUV and plans to begin testing the prototype next year. The prototype program, known as Project Zeus, is part of JLR’s larger aim to only produce zero-tailpipe emissions vehicles by 20236. JLR has also made a commitment to have zero carbon emissions across its supply chain, products and operations by 2039. Project Zeus is partially funded by the UK government-backed Advanced Propulsion Center. The automaker ha...
Tags: Transportation, UK, Tech, Automotive, United States, Electric Vehicles, IEA, Jaguar, Jaguar Land Rover, Bmw, Toyota Mirai, Hydrogen Fuel Cells, International Energy Agency, China Japan, Korea Japan, InMotion Ventures


Lordstown Motors Deathwatch: EV Startup Loses CEO

Starting a car brand has to be among the more foolhardy endeavors one can embark upon. The industry is saturated with giant, multinational companies that don’t want competition and a regulatory environment that requires a ludicrous amount of wealth and plenty of time to overcome. Despite this, we’ve seen countless electric vehicle startups attempting to accrete […] The post Lordstown Motors Deathwatch: EV Startup Loses CEO appeared first on The Truth About Cars.
Tags: Startups, Electric Vehicles, Autos, Automotive Industry, EVs, Lordstown, News Blog, Electric Pickup, EV startups, Hirings and Firings, Lordstown Motors, Staff Changes


Redwood Materials is setting up shop near the Tesla Gigafactory as part of broader expansion

Redwood Materials, the battery recycling startup founded by former Tesla CTO JB Straubel, has purchased 100 acres of land near the Gigafactory that Panasonic operates with Tesla in Sparks, Nevada as part of an expansion plan that aligns with the Biden Administration’s drive to increase adoption of electric vehicles and boost domestic battery recycling and supply chain efforts. The company said Monday that its existing 150,000-square-foot facility in Carson City, Nevada will also nearly triple in...
Tags: Amazon, Energy, TC, Transportation, US, America, Tech, Tesla, Automotive, Electric Vehicles, Panasonic, Department Of Energy, Lithium Ion Batteries, Gigafactory, Tesla Gigafactory, Redwood


The Station: Robotaxi apps on the rise, an AI pioneer’s new startup and mobility event highlights

Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. Welp, the mobility event is over and we had loads of interesting interviews and anyone with an Extra Crunch subscription can access the videos. For instance, Rita Liao moderated a panel with executives from three Chinese robotaxi companies — WeRide, AutoX and Momenta — that also test and develop in Europe and the United States. One inter...
Tags: Google, Transportation, Asia, Twitter, Europe, Indonesia, California, Senate, White House, China, Russia, Softbank, America, Tech, Tesla, Bloomberg


Lordstown Motors CEO and CFO resign amidst production woes

Beleaguered electric vehicle startup Lordstown Motors’ stock shares have taken another hit after the company said Monday that CEO Steve Burns and CFO Julio Rodriguez have resigned, just a few weeks after Burns was reassuring investors of the company’s bright future. Lordstown Motors’ Lead Independent Director Angela Strand was appointed executive chairwoman to oversee the transition until a permanent CEO is found. Becky Roof will service as Interim CFO. Roof has acted as interim CFO at a number ...
Tags: TC, Transportation, Tech, Automotive, Electric Vehicles, SEC, Saks Fifth Avenue, Eastman Kodak, Burns, The Company, SPAC, Lordstown, U S Securities and Exchange Commission, Rodriguez, Steve Burns, Workhorse Group


Embattled electric vehicle startup Lordstown Motors loses its CEO and CFO

The Endurance. Lordstown Motors Lordstown Motors' CEO and CFO have resigned, the company announced Monday. It said it had already started the search for permanent replacements. The electric vehicle startup warned last week it doesn't have enough cash to begin commercial production. See more stories on Insider's business page. Lordstown Motors lost two key executives - CEO Steve Burns and CFO Julio Rodriguez - who resigned from the company effective immediately, the company said...
Tags: Transportation, News, Trends, Electric Vehicles, Transport, Lordstown, Steve Burns, Julio Rodriguez, Lordstown Motors, Grace Dean, Endurance Lordstown Motors Lordstown Motors, Angela Strand, Becky Room


Lordstown Motors slumps 15% on announcement of CEO and CFO resignation

FILE PHOTO: A view of the entrance to the West Plant of the General Motors Lordstown Complex assembly plant in Warren. Reuters Reuters Lordstown Motors shares fell 15% Monday after the company announced the CEO and CFO resigned. The resignations are effective immediately, according to a press release. Shares of the electric-vehicle startup have now lost about half their value this year. See more stories on Insider's business page. Lordstown Motors slumped 15% early Monday after two ...
Tags: Trends, General Motors, Markets, Electric Vehicles, Gm, Ohio, Cfo, Lordstown, Lordstown Ohio, Steve Burns, Julio Rodriguez, Lordstown Motors, Hindenburg Research, Lordstown Motors stock, CEO Resignations, Natasha Dailey


Return of the Apple Car: Almost There or Vaporware?

After years of restarting and then killing its electric vehicle program, Apple has again signaled that it’s once again serious about developing something for your driveway. Ulrich Kranz, former Canoo CEO and brains behind the BMW i-cars, has reportedly been picked up by the company for its automotive team. Apple has yet to verify the hire […] The post Return of the Apple Car: Almost There or Vaporware? appeared first on The Truth About Cars.
Tags: Apple, Development, History, Industry, Electric Vehicles, Autos, Autonomous Vehicles, Bmw, EVs, Apple Inc, Industry News, Vaporware, Apple Car, News Blog, Rumor Mill, Development Hell


Chinese bloggers reportedly said Tesla threatened to sue them after they posted negative comments about Elon Musk's company

Elon Musk walks with former Shanghai Mayor Ying Yong in 2019 STR / AFP via Getty Images Chinese bloggers said Tesla threatened a defamation lawsuit over negative social media posts. The electric carmaker has faced criticism in China over safety concerns related to its brakes. Several users have retracted negative statements about Tesla on Chinese social media. See more stories on Insider's business page. Chinese bloggers said Tesla threatened to hit them with a defamation lawsuit after...
Tags: Transportation, Europe, Elon Musk, Lawsuit, News, China, Cars, Trends, Tesla, Electric Vehicles, Shanghai, Tencent, Electric Cars, Financial Times, Defamation, Weibo


Apple confirms hiring of Ulrich Kranz, former CEO of EV company Canoo

Apple has hired the former co-founder and CEO of electric vehicle company Canoo to help with the development of the Apple Car, Bloomberg first reported, citing unnamed sources. Apple has confirmed to TechCrunch it has hired Kranz, but did not provide further details into his job responsibilities or title. Kranz resigned his position at Canoo in April after steering the company toward public listing and a new leadership team, and he is reported to have been scooped up by Apple with...
Tags: Apple, Transportation, Tech, Tesla, Automotive, Electric Vehicles, Tim Cook, Bmw, Reuters, Apple Car, BMW AG, Personnel, Kranz, Ulrich Kranz, Doug Field, Canoo


$1700 mini electric Jeep knockoff reviewed

Alibaba is full of wonders, not least this $1350 ($1700 after shipping and customs) 1200W electric "Jeep" from Yongquin Liqian, which makes all sorts of similar vehicles. Micah Toll found someone who had bought one and got them to describe life in the hot seat. — Read the rest
Tags: Post, News, Vehicles, Electric Vehicles, Alibaba, Micah Toll, Yongquin Liqian


Widespread electrification requires us to rethink battery technology

Moshiel Biton Contributor Share on Twitter Dr. Moshiel Biton is the CEO and co-founder of Addionics, a battery technology company providing AI-optimized, Smart 3D Electrodes for the next generation of energy storage. The global economy’s transition to widespread electrification has increased the demand for longer-lasting and faster-charging batteries across industries including transportation, consumer electronics, medical dev...
Tags: TC, Transportation, Column, Opinion, Tech, Tesla, Greenhouse Gas Emissions, Electric Vehicles, Paris, Electricity, Biden, Energy Storage, EVs, Lithium Ion Batteries, Rechargeable Batteries, Sila Nanotechnologies