Lucid Motors doesn’t know how many EVs it will build this year
Lucid Motors said Tuesday that it’s no longer sure how many EVs it will build or sell this year, as it navigates a transition to a new CEO and a…
Moment Energy raises $40M to meet ‘infinite demand for power’ with EV batteries
Moment Energy CEO Edward Chiang believes demand for power in North America is infinite — and that his startup has the solution. The company, which has headquarters in Canada and…
Rivian downsizes DOE loan to $4.5B, while boosting capacity of Georgia factory
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount…
Porsche is adding an all-electric Cayenne coupe to its lineup
Porsche will start selling an all-electric Cayenne coupe in late summer, the latest signal from the German automaker that it still sees market demand for EVs. The Cayenne coupe EV…
Tesla drops Musk’s $29B ‘interim’ award after Delaware court restored larger pay package
Tesla has revoked the “interim” pay package worth $29 billion that it gave its CEO Elon Musk last year, after the Delaware Supreme Court recently restored his larger $56 billion…
Arc’s new 24-foot electric boat is its cheapest yet
Electric boat startup Arc has a new model that is its cheapest and most approachable watercraft yet. The new boat is called the Arc Coast, and it will start at…
Mystery investor’s attempt to stop Canoo asset sale shot down by judge
The judge in Canoo’s bankruptcy case has blocked an attempt by a mysterious financier to disrupt the sale of the EV startup’s assets. In a hearing Tuesday, Judge Brendan Linehan…
GM’s new ‘manganese rich’ battery promises cheaper EVs in 2028
General Motors revealed Tuesday a new battery chemistry called lithium-manganese-rich (LMR), which it says should slash costs while delivering driving range that’s just shy of the most advanced batteries on…
Rivian earnings: EV maker cuts delivery guidance because of Trump’s tariffs and trade wars
Rivian said in its earnings report Tuesday it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it the…
Mysterious financier asks judge to stop Canoo asset sale
A mysterious investor out of London has asked a bankruptcy judge in Delaware to stop the sale of EV startup Canoo’s assets to its CEO, calling it a “flawed” process.…