• News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

Canoo reports over $125M net loss for Q1, admitting ‘substantial doubt’ it can continue


Following the recent Q1 2022 report from EV startup Canoo, we find the feature image rather fitting. After admitting a net loss over $125 million for the first three months of this year, Canoo is very much stuck out in the woods. With a lack of current cash on hand to realistically get through Q2, Canoo admitted “there is substantial doubt” about the company’s ability to get out of those financial woods either. More…

Specialized is launching a more affordable electric bicycle line focusing on utility e-bikes


Specialized’s electric bikes are many things: Quality, highly engineered, covering a wide range of riding styles. But one thing they aren’t is low cost – at least, not until now. That’s because Specialized has just announced that it is launching a new and more affordable line of e-bikes known as Globe, which will focus on utility and cargo electric bikes designed as car replacements for city use. More…

Canoo files lawsuit against its second largest shareholder citing suspicious share sales


EV startup Canoo is reportedly using a lawsuit to recoup profits made by DD Global Holdings and lead beneficiary Pak Tam Li, a significant stakeholder in Canoo with ties to China. In the lawsuit, Canoo is accusing DD Global of selling its shares in March while simultaneously doing an equity swap for the same amount of shares with an unknown buyer. More…

LiPower Mars 1000 portable power station review: An ultra-affordable solar-powered generator


To me, using portable solar generators are like playing life with cheat codes on. I can have my electricity literally anywhere I want it, whenever I want it. If I run out, I can just make more for free (after shelling out for the gear, of course). Having tested the Mars 1000 portable power station from LiPower, I’m happy to see that prices for such cool and useful technology are headed in the right direction, namely down. And with LiPower offering an exclusive discount for Electrek’s readers, a portable power station of this capacity has never before been this affordable. More…