Rivian makes its second small workforce cut of the year ahead of R2 SUV launch
The company previously laid off around 140 workers in its manufacturing division in June.
electric vehicles
Henrik Fisker quietly wound down his nonprofit after his EV startup went bankrupt
Henrik Fisker, the founder of failed EV startup Fisker Inc., and his wife Geeta quietly wound down a private charitable foundation established in late 2021 that was supposed to “incubate innovation in healthcare, education, sustainability, mobility, and all causes that help support the planet and improve and further the lives of people and animals.” A […]
Get ready, EV owners: Here come the dongles
The transition from CCS to NACS will unlock thousands more fast chargers for many EV drivers, but they’ll need to know their adapters to get the most out of it.
Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs
The battery materials startup raised significant Series D funding to expand its manufacturing capability. At the same time, it bought out partner SK’s stake in a joint venture.
Monarch Tractors won’t be built by Foxconn after Ohio factory sale
Monarch’s tractors were the only vehicles being built by Foxconn in Ohio after Lordstown Motors, Fisker Inc., and IndiEV went bankrupt.
Trump administration stops illegal freeze of $5B EV charger funds after losing in court
The money is on the table again, but with fewer requirements for proving out safety, environmental impacts, and inclusion of minority- and women-owned businesses.
Ford throws out Henry Ford’s assembly line to make low-cost EVs in America
The automaker is investing $2 billion into the Louisville Assembly Plant with a $30,000 EV pickup slated for 2027.
Foxconn sells former GM factory to mystery buyer after failing to make EVs
The company has spent more than three years claiming the factory would become an “important” EV hub. But it has barely produced anything there.
Ford to reveal more about its new low-cost electric vehicles on August 11
Jim Farley, Ford’s CEO, has touted this as a “Model T moment” — but the first of these new EVs won’t come out until 2027.
Tesla profits pulled down by falling EV sales and regulatory credits
Tesla saw a 17% growth in its services business, but it was not enough to close the gap in falling EV sales, fewer regulatory credits, and a decline in solar and energy storage sales.