Climate
XPeng shares jump after the Chinese EV automaker posts narrower-than-expected quarterly loss
XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. U.S. listed shares of XPeng jumped in premarket trading Monday after the Chinese electric-vehicle maker reported a fourth-quarter loss that was narrower than Wall Street had expected. XPeng said that it lost $202 million in the quarter, or $0.22 on an […]
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The Tesla Roadster is an endangered species — meet the community keeping it alive
The year was 2006, the concept of electric vehicles expensive and impractical. But a small engineering team had an unorthodox vision for a car that could truly showcase the potential of electrification. That summer, then-fledgling start-up Tesla Motors unveiled its tour de force to the world — the Roadster. Right out of the gate, the […]
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Treasury Secretary Yellen: The U.S. should have moved faster toward renewable energy
Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters Treasury Secretary Janet Yellen said on Friday the United States should have moved faster toward renewable energy sources and that, had we done so, the country […]
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FedEx is testing electric carts for last-mile delivery in big U.S. and Canadian cities
FedEx plans to test electric carts to make deliveries on its signature Express routes in 10 U.S. and Canadian cities throughout 2022. The company hopes electric delivery carts will help address a major challenge it faces in every big city it serves: lack of parking. E-commerce sales grew 86% over prepandemic levels in February, according […]
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BP establishes partnership focused on offshore wind in Japan
An offshore wind turbine photographed in waters off the coast of Japan on October 4, 2013. Yoshikazu Tsuno | AFP | Getty Images BP has agreed to establish a strategic partnership with Japanese conglomerate Marubeni that will focus on offshore wind development and potentially look at “other decarbonisation projects, including hydrogen.” The agreement will see […]
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Nio’s outlook will be in the spotlight when the Chinese EV maker reports earnings Thursday
Nio plans to begin deliveries of its ET7 electric sedan in 2022. Evelyn Cheng | CNBC Nio’s sleek and powerful electric vehicles have captured the attention of investors – and rival automakers – around the world, but they haven’t always been able to power past the supply-chain disruptions that have played havoc with the Chinese […]
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Electric vehicle start-up Nikola has begun production of its first battery-electric semitruck
Nikola Motor’s Tre semi-truck. Nikola Motor Company Electric heavy-truck startup Nikola announced on Wednesday that it has begun production of the battery-powered version of its electric Tre semitruck at its factory in Coolidge, Arizona, beating rival Tesla’s electric semitruck to market. Nikola plans to begin deliveries of the trucks in the second quarter, executives said […]
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Who stands to make and lose money if the SEC climate rule becomes law
The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington. Jonathan Ernst | Reuters The Securities and Exchange Commission on Monday released a proposal for new rules that would require companies to disclose their risks related to climate change and their greenhouse gas emissions. It will be […]
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Beyond Meat and PepsiCo launch meatless jerky as the first product under their partnership
PLANeT Partnership’s new meatless jerky alternative Source: Beyond Meat Beyond Meat and PepsiCo announced Wednesday they will launch meatless jerky as the first product under their PLANeT Partnership joint venture. The new product is rolling out to grocery stores this month in three flavors: original, hot and spicy, and teriyaki. Protein from peas and mung […]
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Stellantis, LG Energy Solution to invest $4.1 billion in Canadian EV battery plant
Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on January 5, 2022 in Las Vegas, Nevada. Alex Wong | Getty Images DETROIT – Automaker Stellantis and LG Energy Solution will invest about $4.1 billion […]
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