Rivian has posted its Q1 2022 results and shareholder letter after market close today, showing $95 million in revenue and a loss of $1.593 billion for the quarter ($1.77 per share), up from a loss of $414 million from the same quarter last year. It ended the quarter with nearly $17 billion in cash, largely from its massive IPO late last year. More…
With Lordstown deal complete, Foxconn pivots to making EVs
Lordstown Motors on Wednesday announced the completion of the sale of its former GM factory to Hon Hai Technology Group—otherwise known as Foxconn, best known as the contract maker of the iPhone. That makes Foxconn an automaker, and enables several potential EV-making activities at the Lordstown, Ohio site. One of them is the assembly of the… More…
Rivian has received 10,000 more reservations, at an average $93,000, since its March price hike
The electric truck maker Rivian confirmed Wednesday that the line of people waiting for its trucks has been getting longer, far faster than it’s been building them. Since Rivian’s controversial price hike of up to $12,000 in March—one met with collective pushback from early adopters—the company has received 10,000 new… More…
Japan could lose 14% GDP and millions of jobs by stalling on electric cars – report
Japan, the world’s second-largest car exporter, risks a 14% drop in GDP if it does not move more swiftly toward producing electric vehicles, according to a new report by the Climate Group. More…
Volkswagen Announces Electric Pickup And Rugged SUV To Be Sold In US
They will be introduced under the Scout brand. More…
Hyundai confirms plans for a new electric car factory in the US
Amid rumors of a new EV factory in Georgia, Hyundai confirms plans for a new electric car factory in the US, but it’s not clear where yet. More…
Elon Musk Confirms CCS1 Plugs Coming To US Superchargers
They will become an additional option, on top of Tesla’s proprietary connector. More…
Volkswagen harvests Scout as an electric SUV brand
Volkswagen will revive the name of an SUV pioneer for a new rugged EV brand. The automaker on Wednesday announced the new Scout brand, taking the name of the International Harvester Scout that debuted in the 1960s as one of the original SUVs. This new Scout incarnation will develop an electric pickup truck and SUV for the United States. The first… More…
2021 VW ID.4 Owner Shares Her Story One Year And 28,000 Miles In
We also featured a video of Lisa and her ID.4 last summer, so it’s interesting to see how things evolved since then. More…
Aventon Pace 500 Next Gen electric bike review: Testing a high-value option for a city e-bike
Aventon’s electric bikes have always impressed me with their build quality and attention to detail. When the company launched an updated version of its popular Pace 500 e-bike, I knew to expect more of the same excellent qualities. Now that I’ve been able to spend some quality time testing the bike, I’m even more convinced of the brand’s commitment to giving its customers more than they anticipated. More…
Turns Out Fisker Ronin Is Actually A Four-Door Convertible, Not A Sedan
This was not at all apparent in the first teaser, which like this latest one was also revealed through Henrik Fisker’s Instagram. More…
US: All-Electric Car Sales Increased 60% To Almost 160,000 In Q1 2022
Tesla and Hyundai Motor Group have put a total of seven models among the top 10 best-selling BEVs. More…
Tesla Restarts Exports Out Of China Following Previous Shutdown
Apparently, the factory is already producing enough cars on multiple assembly lines to begin exports. More…
Watch StoreDot’s Pouch Cell Battery Charge 100 Miles In 5 Minutes
StoreDot publicly demonstrated its “100in5” extreme fast-charging battery technology at EcoMotion Week 2022 in Israel. More…
VW May Revive Scout Brand With $40,000 Electric Pickup, SUV
If this is confirmed, then Scout will come back in 2026 as an off-road-oriented US-based EV brand. More…
Tesla asks Panasonic to speed up development of its 4680 battery cell
Tesla has asked Panasonic to speed up its development of the 4680 battery cell, which is going to power its next-gen electric vehicles. More…
Musk: Tesla Won’t Acquire A Car Company, But Maybe A Mining Operation
Supply chain issues may require Tesla to take a big step in a new direction, but that’s arguably what the company excels at. More…
BMW completes winter tests for iX1
The all-electric BMW iX1 has successfully completed its driving dynamics testing at the BMW Group’s winter test centre in the Arctic Circle. The series development process has thus reached its final phase. The winter tests in Arjeplog, Sweden, took place in parallel with the testing of the combustion engine variant and the plug-in hybrid of […] More…
Power Electronics goes for Nuvve V2G technology
According to a newly signed agreement, Power Electronics will add Nuvve V2G-certified capabilities to their existing bidirectional chargers. Vehicle-to-grid (V2G) specialist Nuvve and Power Electronics, a manufacturer of solar inverters for utility-scale photovoltaic plants in America, Oceania and Europe, has announced an agreement to integrate Nuvve’s vehicle-to-grid GIVe platform with Power Electronics charging station technology. […] More…
Tesla Would Be the Most Profitable ICE Automaker In The World
Can EVs ever achieve true parity with ICE vehicles? Do they even need to? More…
