UK-based automotive remanufacturing technologies company Autocraft has secured a £24-million financing package from HSBC . The funding will be used to expand Autocraft’s EV battery repair business in strategic global locations to meet growing demand for its REVIVE range of EV battery testing, repair and remanufacturing processes. The automotive industry faces heavy environmental and financial… Read more…
Foxconn invests in light utility EV maker Indigo Technologies
US light utility EV maker Indigo Technologies has secured an investment from Taiwanese multinational electronics manufacturer Hon Hai Technology Group, also known as Foxconn. The investment will help the company to accelerate the development of its smart EV technologies for light utility EVs, which are designed for ride hailing, delivery and autonomous transportation applications. Building… Read more…
California reaches 100,000 public EV charger milestone
Governor Gavin Newsom has announced that California has surpassed 100,000 public and shared private EV chargers in operation, in addition to more than half a million installed in homes. The announcement comes on the heels of approval of a $1.9-billion investment plan to accelerate both hydrogen refueling and the state’s goal of reaching 250,000 public… Read more…
Tesla heads are rolling over critical projects at Gigafactory Texas
While Tesla is conducting broader layoffs, Electrek is learning that heads are rolling at Tesla over specific critical projects at Gigafactory Texas. Read more…
Daily EV Recap: Layoffs and leadership changes at Tesla
Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple Podcasts, Spotify, TuneIn and… Read more…
Higher Tesla Model 3 prices bumped up EV prices overall in March
After Tesla’s price cuts pulled a quarter of overall EV prices down in February, higher Model 3 prices increased EV prices in March. Read more…
$25,000 Tesla Model 2 isn’t being worked on anymore, new report claims
Earlier this month, a report came out claiming Tesla canceled its $25,000 Model 2 car. Elon Musk himself promptly denied the rumor, but today a new report is adding some context to the whole situation. It turns out the Model 2 project may not be canceled per se – and so Elon Musk’s rebuttal of that claim still stands. However,… Read more…
Tesla Might Pivot To Robotaxis. Does It Have A Death Wish?
Much of Tesla’s stock price was seemingly hinged on sales growth. Without an entry-level $25,000 car, where will the brand’s growth come from? Read more…
2025 Mercedes-Benz eSprinter adds smaller battery, shorter wheelbase
The Mercedes-Benz eSprinter debuted for the 2024 model year with a long 170-inch wheelbase, a large 113-kwh battery, and a high roof. For 2025, it adds a shorter 144-inch wheelbase, a smaller 81-kwh battery, and a shorter standard roof, the brand announced on Monday. In that configuration, the base price falls from $74,181 to $63,545 before the… Read more…
The Affordable Kia EV3 Will Be Released This Year
The Kia EV3 will be the first step to grow volume and meet the demand for reasonably priced EVs. Read more…
2025 Mercedes-Benz eSprinter Gets New Smaller Battery Option At A Lower Price
The new model year will arrive at U.S. dealerships in the second half of 2024. Read more…
Tesla puts ‘$25,000 electric car’ codenamed NV9 on back burner despite what Elon Musk said
Electrek can confirm that Tesla indeed put its upcoming ‘$25,000 electric car, sometimes referred to as ‘Model 2’, on the back burner despite what Elon Musk said. Read more…
Fisker adds new US dealer and several more in Europe as extreme price cuts take effect
California-based EV startup Fisker signed a new dealer in Miami and several in Europe as it fights to turn things around. After announcing massive price cuts on its Ocean electric SUV last month, Fisker looks to grow its dealer network. Read more…
Maserati launches new tri-motor GranCabrio Folgore convertible that goes 0-100 km/h in 2.8 sec
As promised earlier today, Maserati has officially launched its third all-electric model, the GranCabrio Folgore, during its “Folgore Day” event in Rimini, Italy. We were on location for the debut of the new Maserati convertible, which features three all-electric motors and impressive performance specs. Read more…
Rivian launches new reliability scoring feature to make public EV charging easier
In its latest software update, Rivian added several helpful features to make public charging as easy as possible. A new reliability scoring feature is now available on every R1S and R1T to show the most reliable fast chargers on your trip. Read more…
One-Third Of US EV Sales In Q1 2024 Were Tesla Model Ys
Sales of Tesla’s ubiquitous Model Y crossover are still going strong, even despite the EV market slowdown. Read more…
2025 Maserati GranCabrio Folgore: Finally, A New Convertible EV
Weighting only 176 pounds more than the coupe version, the Cabriolet is expected to perform like its hardtop sibling. Read more…
Maserati Ramps Up Its Electrification Plans, With One Big Caveat
Maserati has big plans to move on from screaming Ferrari V8 engines, while keeping sounds and rumbles for future EVs too. Read more…
Here’s Your First Look At The Cadillac Optiq’s Interior
The Optiq will slot below the Lyriq, making it Cadillac’s most affordable new EV when it goes on sale later this year. Read more…
Italian government squabble forces Alfa Romeo to ditch ‘Milano’ name
Alfa Romeo’s sleek new SUV caused quite a stir – and not just for its eye-catching design. An Italian government minister raised eyebrows by claiming that calling it Milano violated national regulations since the car will be produced in Poland. Bizarre? Definately. Yet, Alfa Romeo swiftly turned the controversy into a marketing coup. The Italian automaker announced that the Milano… Read more…
