Rivian ($RIVN) plans to raise $1.3 billion in cash by selling green convertible notes, despite indicating it had sufficient cash in last week’s earnings. Investors are not pleased with the move with Rivian stock slipping over 10% following Tuesday’s announcement.. More…

Electric vehicle startup Canoo (GOEV) has found its latest client in Schindler Elevator Corporation, a leading global elevator and escalator services provider. Schindler announced its intent to add 50 2023 Canoo EVs to its fleet, an industry first. More…

Volkswagen Group has announced a revised target for its EV sales goal for Europe by 2030. The revised target builds upon the Group’s 2021 Accelerate electrification strategy and pertains specifically to its Volkswagen passenger car marque to help expedite the pace of EV adoption. More…

Tesla (TSLA) investors have been buying the automaker’s stock at a record pace over the last few weeks. Here’s why we think they are doubling down. More…

Bafang is best known for its electric motors, batteries, controllers, and other powertrain components that help millions of electric bicycles zip through streets around the world. But after two decades in the bicycle market, Bafang has now launched a new brand known as T&D to expand its influence into the electric motorcycle industry. More…

After over six months of virtually zero mention of the status of its Xiaomi Automobile brand, the CEO of Xiaomi Corporation has shared a progress update that “exceeds expectations.” Despite previous licensing issues in China, Xiaomi Automobile now appears on track for EV production next year, and there are some images circulating around the internet that might hint to the smartphone giant’s first EV design. More…