Samsung SDI plans to expand its battery cell factory in Goed, Hungary, this year to produce large round cells with a diameter of 46 millimetres. BMW is said to be a future customer for these cells. That is what TheElec reports, citing unnamed sources. According to the report, BMW commissioned Samsung SDI to supply round […] More…
Despite Q2 losses, Lucid has secured funding until 2025
The US electric car manufacturer Lucid Motors reports another quarterly loss of more than 700 million dollars, but sees the financing of its business secured until 2025. Meanwhile, the presentation of the electric SUV ‘Gravity’ is scheduled for November. As per the second quarter 2023 financials now released by Lucid, the company posted revenues of […] More…
Proterra files for Chapter 11 bankruptcy protection
The US electric bus and battery manufacturer Proterra has filed for Chapter 11 bankruptcy protection. It is effectively an insolvency proceeding in self-administration for reorganisation. The company hopes to strengthen its financial position by recapitalising or selling business units. Proterra intends to continue its business operations during this process. “While our best-in-class EV and battery […] More…
CFO Kirkhorn leaves Tesla
Zachery Kirkhorn has stepped down as Tesla’s Chief Financial Officer (CFO). Kirkhorn is leaving the company after 13 years, four of which he served as CFO, or “Master of the Coin,” as Tesla calls it. He will remain available to Tesla until the end of the year to “support a seamless transition.” His successor has […] More…
Lab allows customised validation
NI has developed a software-defined battery laboratory to speed up the validation of battery systems (writes Nick Flaherty).
The lab covers a battery’s lifecycle from r&d to validation, production, second life and re-manufacturing by using different software loads. More…
GM’s BrightDrop continues North American expansion by bringing its electric vans to Mexico
GM’s all-electric, last-mile delivery business BrightDrop has added a third North American territory to its coverage map – Mexico. The e-delivery specialist shared details of its latest market expansion this evening, which will soon include sales of its two all-electric vans to the South. More…
Quick Charge Podcast: August 7, 2023
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. More…
Land Rover to add mini Defender Sport electric SUV to its lineup
A new mini Land Rover electric SUV is reportedly due out and could go by the name “Defender Sport.” Despite its compact size, the new EV will carry the brand’s iconic rugged, open-road mentality. More…
Lucid Motors (LCID) Q2 2023 results: Revenue holds, deliveries slip on path to 10k+ annual units
Lucid Motors shared its financial report for Q2 2023 this afternoon, ahead of its call with investors later today. The financial details follow a production report made public last month that shows a decrease in deliveries for a second straight quarter. Still, Lucid’s revenue has held steady and its liquidity is strong, providing optimism the young American automaker can reach its annual production guidance… at least the low end of it. More…
Tesla Cybertruck spotted next to Rivian R1T for size comparison
With only a few Tesla Cybertruck prototypes out there, it has rarely been spotted next to another electric pickup truck for a nice size comparison. More…
Rivian (RIVN) Q2 earnings preview: EV production and pricing come into focus
EV maker Rivian (RIVN) is set to release its second-quarter 2023 earnings after the bell on Tuesday, August 8. Amid of wave of EV price cuts and lowered guidance, investors will be watching production and pricing closely in Rivian’s Q2 earnings report. More…
Segway’s Ninebot F40 electric scooter falls to $592 in New Green Deals, plus tons of e-bikes and more
A new work week has a fresh batch of Green Deals going live today, all thanks to our pals over at 9to5Toys. Today, we have a batch of discounts on all things green energy, all of which are headlined by Segway’s Ninebot F40 Electric Scooter as it falls to $592. That’s also joined by tons of e-bikes today, delivering just about every form-factor you could want from an EV with steep discounts attached. More…
First Chevy Blazer EV Police Pursuit Package looks ready for patrol in new intro video
General Motors is showing off its first Chevy Blazer EV Police Pursuit Vehicle (PPV) in its latest video. With instant torque, stealth-like abilities, and impressive performance, the 2024 Chevy Blazer EV PPV is designed to tackle any demands. More…
Tesla vehicles get added to $4,000 used EV credit, if you can find one under $25,000
Tesla vehicles have been added to the eligibility list for the up to $4,000 used electric car credit. It should make used Tesla electric cars cheaper if you can find one under $25,000. More…
Stellantis to entice consumers with more affordable EVs, like new Fiat priced under €25K
In order to compete with other automakers and garner a larger slice of the EV market, Stellantis shared that it is developing a second, lower-priced EV inspired by the Panda from its sub-brand Fiat. The new Fiat EV is expected to arrive priced below €25,000. More…
Lucid Air EV sedans are over $12K off amid latest price cuts
Amid intensifying competition in the EV market, Lucid Motors is drastically reducing prices on its Lucid Air electric sedans with some models over $12,000 off.. More…
Tesla (TSLA) announces departure of its long-time CFO
Tesla has announced the departure of its long-time chief financial officer (CFO), Zachary Kirkhorn, who will be replaced by Tesla’s chief accounting officer, Vaibhav Taneja. More…
The surprising rise of electric golf carts as ‘second cars’ in the US
In recent years a surprising vehicle trend has quietly gained momentum across the US. Believe it or not, electric golf carts are becoming a popular choice as “second cars” for many American families.. More…
USA: Canoo has to pay millions in fines
The US Securities and Exchange Commission (SEC) has imposed a 1.5 million-dollar fine on the Californian EV startup Canoo for allegedly misleading investors in connection with its IPO. There are also personal consequences for the then CEO Ulrich Kranz. According to its investigation, the SEC believes Canoo deceived investors with unrealistic revenue forecasts of hundreds […] More…
South Korea pledges further e-mobility investment in Indonesia
The governments of South Korea and Indonesia have agreed to continue joint investments in electric vehicle and battery production in Indonesia. Moreover, they want to strengthen the supply chain for battery materials such as nickel. That is according to a statement by the South Korean Ministry of Trade, Industry and Energy. However, concrete sums are […] More…
