Stellantis cancels plans for an electrified Jeep Gladiator
The move comes a week after the automaker axed plans to produce an all-electric Ram pickup truck.
EVs
Rivian breaks ground on $5B Georgia factory ahead of construction in 2026
While largely ceremonial, it’s an important step for a project that has dealt with a lot of uncertainty the last few years. Rivian R2 SUVs will roll off the line in 2028.
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.
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.
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.
SoftBank reportedly bought Foxconn’s Ohio factory for the Stargate AI project
Foxconn spent years promising electric vehicles would be built at the former Chevy Cruze factory. Now it will make AI servers.
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.