Explosion, vehicle fire rock Faraday Future’s LA headquarters
There were no injuries, but the building has been deemed unfit for occupation. Faraday’s landlord is currently trying to find a new tenant as the EV startup’s lease is expiring.
EVs
Tesla asks EPA not to roll back emissions rules as Trump calls climate change a ‘con job’
The company’s regulatory policy team is trying to clean up a mess that CEO Elon Musk spent $300 million to help create.
Telo raises $20 million to build tiny electric trucks for cities
The round was co-led by designer Yves Béhar and Tesla co-founder Marc Tarpenning, who helped get Telo off the ground in 2022.
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.
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.