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Faraday Future announced on Thursday that it has raised $25 million through convertible promissory notes, bringing its total financing over the past two months to $70 million. The company says the capital is sufficient to fund Phase 1 of its robotics business plan through the end of 2026. The stock, which trades on Nasdaq under […]
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Somewhere in the wiring of the car you drove this morning, there is almost certainly a Chinese component. An airbag inflator. A windshield. A steering column bearing. According to global consulting firm AlixPartners, more than 60 US-based auto suppliers are now owned by Chinese companies, making everything from axles to electronic control units for […]
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Chinese parts already power American cars, and that’s exactly why Congress is panicking Read More »
Bolt Technology, the Estonian ride-hailing company that has spent roughly $180 million building a dominant position in South Africa, has struck a deal with China’s Dongfeng Motor Group to roll out an electric-vehicle fleet in the country. The partnership will start in Cape Town, with Dongfeng’s Box hatchback and its more premium 007 sedan […]
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Bolt is betting that South Africa’s next ride will be a Chinese electric car Read More »
For years, the electric vehicle industry’s biggest problem had a name: range anxiety. Now, according to the chief executive of Polestar, the anxiety has moved to the other side of the forecourt. “People are concerned, ‘how much do I pay at the gas station?’” Michael Lohscheller told CNBC’s Squawk Box Europe on Wednesday, coining […]
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New AutoMotive’s data tracker, reported by Reuters on Sunday, marks the threshold and puts the question to industrial policy: how much of the headline number will end up producing cells at scale, given that roughly 600 GWh of announced European battery capacity has already been delayed or cancelled. Europe has now invested cumulatively €200bn into […]
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Europe’s cumulative EV investment passes €200bn Read More »
The Trump administration announced on Wednesday that the Tesla Model Y is the first vehicle to pass NHTSA’s new advanced driver assistance safety tests. The same agency is simultaneously investigating 3.2 million Tesla vehicles for crashing while using the company’s more advanced self-driving system. The announcement celebrates Tesla for passing a test that measures […]
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The person who connected Jeff Bezos to one of the most ambitious electric vehicle startups in America has left its board. Melinda Lewison, who manages the Bezos family office and was listed as a director on Slate Auto’s corporate filings, has departed the company’s board months before its first truck is scheduled to roll […]
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Tesla has filed a trademark for a bespoke Roadster badge that looks like it belongs on a Lamborghini. The car it will adorn was first promised nine years ago. A prototype debuted in November 2017 with a 200 kilowatt-hour battery, a claimed 620-mile range, a 1.9-second zero-to-60 time, and a starting price of 200,000 […]
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When Rivian went public in November 2021, Amazon owned 20 per cent of the company. It had backed the electric vehicle startup with a 700 million dollar cheque in 2019, ordered 100,000 electric delivery vans, and watched its investment surge to more than 15 billion dollars on Rivian’s first day of trading. Four years later, […]
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Elon Musk’s public confidence about Tesla’s Full Self-Driving rollout in Europe is, on the available evidence, not shared by the European regulators who would actually have to approve it. Reuters published an exclusive analysis of regulator emails and records on Tuesday, showing that several EU national authorities have expressed sustained skepticism toward FSD’s claimed safety […]
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