Elon Musk’s bankers are considering Tesla (TSLA) stock-backed margin loans to support Twitter, which is under heavy interest expenses. More…
VW To Invest $485M In Home Plant To Build ID.3 Facelift, Electric Crossover
The investment in the Wolfsburg plant will be completed by 2025, allowing it to built vehicles on the updated MEB+ platform. More…
BYD Exec Doesn’t Consider Tesla A Rival, But Rather, ICE Cars
The BYD VP admits that Tesla is opening people’s eyes to EVs and potentially helping other EV producers. More…
Ford Marks Significant Construction Progress At BlueOval SK Battery Park
Two 43 GWh EV battery factories should start production in 2025. More…
Mercedes-Benz To Build One Million Electric Drive Units Per Year From 2024
The German brand wants to double its electric motor production in a short time. More…
Watch A GM Cruise Autonomous Chevy Bolt Get Stuck In Traffic Without Anyone Inside
The driverless Bolt is flashing its emergency lights as all the other cars are passing it. More…
Tesla Defends Its Self-Driving Goals And Progress Amid Lawsuit
The company asked for the case to be dismissed, stating that not achieving long-term goals quickly enough isn’t considered fraud. More…
UK: Plug-In Car Sales Increased To Almost 40,000 In November 2022
The Tesla Model Y shines with the second-highest result overall. More…
MAN scores first e-bus order from Norway
The Norwegian transport operator Unibuss has ordered 76 all-electric Lion’s City E buses from MAN Truck & Bus for Oslo. For MAN, this is the first electric bus order from Norway. The order is for 59 solo and 17 articulated buses bound for operation in the northeast and east of Oslo from the end of […] More…
HOVSCO’s HovBeta 2.0 Folding E-Bike Is Small Yet Versatile
The HovBeta 2.0 has a folding frame, and can be fitted with fenders and a cargo rack. More…
GM considers electrifying Camaro and the Escalade
General Motors could convert two more iconic model lines into complete sub-brands for electric cars. This is according to a media report. In addition to the Corvette sports car series, these are said to be the Camaro from the Chevrolet family and the Escalade from the Cadillac family. The source for this is again the […] More…
Customcells raises €60 million in Series A financing round
Customcells has raised 60 million euros in a Series A financing round. The German battery cell manufacturer intends to use the money to expand its activities in the electrification of air traffic, intensify research and development and drive forward internationalisation. Customcells has been manufacturing cells for special applications for ten years – with a strong […] More…
Tesla taps its head of China to take over Gigafactory Texas
Tesla has reportedly tapped Tom Zhu, president of Tesla in China, to take over leadership of Gigafactory Texas as the factory is trying to ramp up production. More…
Einride collects half a billion in funding
Swedish electric transport specialist Einride has secured $500 million in funding, which includes both a $200 million Series C equity raise and a $300 million credit facility. The capital raised via Series C round comes from Swedish pension fund AMF, EQT Ventures, Northzone, Polar Structure, Norrsken VC and Temasek and includes a $90 million convertible […] More…
Volkswagen completes new vehicle factory in Anhui
Volkswagen has completed construction of the new MEB plant in Anhui, China, and built the first pre-series vehicle there. Series production at the Anhui plant, which according to Chinese media has an annual capacity of 350,000 electric cars, is scheduled to begin in the second half of 2023. The completion of the new electric car […] More…
VW to boost range and charging performance for the MEB+
In a dossier on its website, Volkswagen has now officially confirmed details of the MEB+, the planned enhanced version of its MEB electric car kit. The MEB+ will use the new unit cell – for more range and shorter charging times. Specifically, VW is talking about ranges of up to 700 kilometres and promises a […] More…
World’s First Mercedes-EQ EV-Exclusive Dealership Opens In Japan
Located in the bustling metropolis of Yokohama, the showroom has all Mercedes-EQ models on display and a five-vehicle workshop. More…
Quick Charge Podcast: December 7, 2022
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…
All-electric Chevy Camaro and Cadillac Escalade brands will be the next GM EV spinoffs
To be the best, you’ve got to beat the best. General Motors plans to transition several iconic brands into the EV era as the automaker gears up for an all-electric future. The latest names under consideration for an EV spinoff are two timeless classics – the Chevrolet Camaro and the Cadillac Escalade. More…
The first huge piece of the first major US offshore wind farm is ready
The first of 62 transition pieces to be manufactured for Vineyard Wind 1, the United States’ first utility-scale offshore wind farm, has just been moved to the port of Avilés, Spain, for shipment to Massachusetts. More…
