Electric vehicles
How Amazon is providing Rivian an edge in the EV market
Pursuing in Tesla’s footsteps, one more electric vehicle firm has been making a title for itself, with a special spin: Rivian Automotive. Launched in 2009, Rivian is focusing on upscale electric vehicles and SUVs with an emphasis on out of doors experience. CNBC’s John Rosevear calls them the “Patagonia of electric autos.” Rivian launched its […]
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Cash is king for EV makers as soaring battery prices drive up vehicle production costs
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC In the transition from gas-powered vehicles to electric, the fuel every automaker is after these days is cold hard cash. Established automakers and startups alike are rolling out new battery-powered models in an […]
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Chinese EV maker Xpeng teases two new cars and trucks — and one will compete with Tesla’s Model Y
A new Xpeng P7 vehicle is shown in the Xpeng Motors flagship store in a shopping shopping mall. Xpeng P7 is just one of the two preferred versions of Xpeng motors. Zhang Peng | LightRocket | Getty Photos Chinese electric powered carmaker Xpeng teased information about two new automobiles it options to launch upcoming yr, […]
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Chinese Tesla rival Xpeng tanks 12% just after broader-than-expected reduction and weak car or truck delivery guidance
Xpeng mentioned it is assured that the start of the G9 SUV in September along with two new automobile launches in 2023 will support it enter a progress cycle. Chen Yihang | Visible China Group | Getty Pictures Xpeng’s Hong Kong-outlined shares plunged extra than 12% Wednesday after the Chinese electrical car or truck maker […]
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EV maker Polestar to present batteries for ‘flying’ electric powered boats
A Candela boat photographed in Sweden in August 2021. Candela utilizes hydrofoils, which elevate a vessel’s hull over the water’s area when travelling. Mikael Sjoberg | Bloomberg | Getty Images Luxurious EV maker Polestar will provide battery and charging systems to electric boat business Candela immediately after the two Swedish firms signed a multi-12 months […]
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SoftBank-backed Ola Electric wants to launch a made-in-India EV in 2024
Ola CEO Bhavish Aggarwal appears on screen during a presentation in August 15, 2021. The company’s EV-arm, Ola Electric, plans to launch an electric car in 2024. Samyukta Lakshmi | Bloomberg | Getty Images The CEO of Ola Electric said Monday his firm would launch an all-electric vehicle that can go from 0 to 100 […]
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Tesla hedging: New ETF gears up to attract hesitant investors
Risk-averse investors have a new option to make safer bets on Tesla. Innovator ETFs launched the Innovator Hedged TSLA Strategy ETF (TSLH) – among other defined outcome products – last month. According to the ETF’s CEO Bruce Bond, it gives investors exposure to the stock while largely steering clear of volatility and valuation risks by […]
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Rivian posts second-quarter revenue above estimates, but expects a wider loss for the year
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive maintained its full-year guidance for deliveries Thursday and reported second-quarter revenue that was higher than Wall Street expected. But it trimmed its […]
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Ford CEO doesn’t expect electric vehicle battery costs to drop anytime soon
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters WAYNE, Mich. – Ford Motor CEO Jim Farley does not expect the costs of raw materials for the company’s electric vehicles to ease in the near future, marking the latest signal that automakers […]
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How the EV tax credits in Democrats’ climate bill could hurt electric vehicle sales
Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV owners. George Frey | Getty Images Proposed tax credits of up to $7,500 for electric vehicles under the Inflation […]
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