Major Tesla Investor Urges the Electric Automaker to Issue Stock Buyback After Share Price Plummets 30% Since April

One of Tesla’s biggest shareholders is not happy with the electric automaker’s tumbling stock price since last month. Billionaire Leo KoGuan, co-founder of IT provider SHI International Corp and a major individual investor in Tesla, is publicly calling on the company to buy back shares in order to return some cash back to shareholders.

Ford Motor Co is Recalling 39,000 Expedition and Lincoln Navigator SUVs Over Engine Fire Risk

Ford Motor Co is issuing a safety recall for its popular Expedition and Lincoln Navigator SUVs because the vehicles pose a risk of fire in the engine bay, including while the vehicle is parked and turned off. As a precaution, Ford is advising customers of 39,013 Ford Expedition and Lincoln Navigator SUVs that were built over a four-month period between late 2020 and early 2021 to park their vehicles outside.

Autonomous Logistics Startup Gatik Plans to Deploy its Fully-Autonomous Trucks in Kansas With No Safety Drivers Onboard

Silicon Valley-based autonomous middle-mile logistics startup Gatik is deploying its self-driving trucks on public roads in Kansas, after the state’s Governor Laura Kelly signed “Senate Bill 313” which allows for deployment of fully-driverless vehicles on public roads in the state.

Luxury Electric Automaker Lucid Group to Receive $3.4 Billion in Incentives to Build its Second EV Factory in Saudi Arabia

​Luxury electric vehicle maker Lucid Group, Inc. announced a ceremonial signing event with the Ministry of Investment of Saudi Arabia, the Saudi Industrial Development Fund, Emaar, The Economic City, at King Abdullah Economic City and Gulf International Bank for the construction of Lucid’s second electric vehicle factory in Saudi Arabia.

The Electric Mercedes-Benz G-Class SUV Will Use a Silicon-based Battery Developed by Sila Nanotechnologies

Mercedes-Benz will use a more energy dense battery developed by California battery startup Sila Nanotechnologies in its upcoming electric G-Class from 2025, the automaker announced on Tuesday. The electric G-Class was first unveiled as a concept at the Munich Motor Show in 2021. The advanced battery will use silicon-based anodes, which are 20-40% more energy dense than comparable cells currently available, Mercedes-Benz said.

BMW iVentures Announces Lead Investment in Mangrove Lithium, a Company Developing ‘Green Lithium’ Refining Technology

BMW iVentures, the Silicon Valley-based venture capital arm of automaker BMW that invests in companies developing advanced technologies for the auto industry, announced today a lead investment in the Series A-1 financing round of Mangrove Lithium, a Vancouver BC based company producing battery-grade lithium hydroxide and carbonate for electric vehicle batteries in a more sustainable way.

AutoX to Use the 'Eyeonic Vision Sensor' from California-based SiLC Technologies for its Robotaxi Fleet in China

Autonomous technology developer AutoX, which is rolling out a robotaxi service in China using a fleet of level-4 self-driving vehicles, has selected an advanced vision sensor developed by California-based Silicon photonics developer SiLC Technologies. The company's Eyeonic Vision Sensors were first announced in Dec 2021 and improve the perception of traditional lidar, providing much more depth perception and instantaneous velocity of objects.

Tesla Challenger NIO Inc. Delivers its 200,000 Electric Vehicle, a Significant Milestone

U.S.-listed electric vehicle startup NIO Inc is emerging as one of China’s promising new electric vehicle startups. The company has reached deliveries of 200,000 electric vehicles. Reaching deliveries of 200,000 vehicles is a significant milestone for NIO after launching its first mass-market vehicle, the ES8 SUV, in 2018.

Motional Kicks off its Robot Food Delivery Pilot With Uber Eats in Southern California

​Hyundai’s autonomous driving technology unit Motional has officially kicked off its delivery pilot with Uber Eats in Southern California. Beginning today, Some Uber Eats orders placed in Santa Monica will be delivered using Hyundai Ioniq 5 electric SUVs outfitted with autonomous driving by Motional.

Electric Truck Startup Bollinger Motors Partners With Roush on Commercial Platforms For EVs

With Bollinger deciding to cancel the B1 and B2 EVs, the automaker has partnered with Roush Industries to source and assemble commercial platforms for large EVs.

BMW Looking to Launch a New Modular EV Platform by 2025

The German luxury brand may be late and behind others, but it’s looking to catch up quickly with its own dedicated platform for electric vehicles called Neue Klasse.

Volkswagen to Revive Scout Name With Fully-Electric Off-Roaders

The automaker plans for the first electric vehicles from the brand to enter into production in 2026 with a pickup truck and an SUV confirmed to be in the works.

Specs and Photos of NIO’s New ES7 Electric SUV Revealed in a Regulatory Filing in China Ahead of its Launch

Electric vehicle startup NIO Inc is planning to launch its latest model soon named the ES7, which is a fully-electric SUV that will compete with Tesla’s Model Y and BMW’s X5L SUV that’s sold in China. Although NIO has yet to reveal the full specs of its latest electric vehicle, the details were recently leaked in a regulatory filing in China ahead of its pending launch.

Elon Musk’s Deal to Buy Twitter for $44B is Put ‘On Hold’ as Tesla Loses $400B in Market Cap Since the Plans Were First Made Public

Tesla Chief Executive Elon Musk is apparently getting cold feet after agreeing to purchase social media platform Twitter last month for $44 billion. On Friday, Musk tweeted that his $44 billion deal to purchase Twitter was “temporarily on hold”. He said he was waiting for data on the number of fake accounts on the platform, referring to a Reuters report from ten days ago that cited the fake account figures.

EV Startup Fisker Inc to Produce its Second Vehicle in Ohio at Foxconn’s Newly Acquired Factory

Electric vehicle startup Fisker Inc confirmed that it will produce its second EV dubbed PEAR at Foxconn’s newly acquired factory in Ohio that it purchased from electric truck maker Lordstown Motors. The Fisker PEAR will enter production in 2024. Both the Fisker and Foxconn teams are fully engaged and expect to build a minimum of 250,000 Fisker PEAR units a year at the plant after a ramp up period.

StoreDot Successfully Demonstrates its Rapid EV Battery Charging Technology That Could Deliver 100 Miles of Range in 5 Minutes

StoreDot, an Israel-based company working on electric vehicle battery technology that can significantly reduce charging times, has successfully demonstrated its ultra-fast charging battery tech that can add 100 miles of range to an EV in just five minutes. The demonstration took place at EcoMotion Week 2022 in Israel, an industry event that brings together automakers and around 600 startups working in the field of smart mobility.

XPeng Motors Valued at Over $8.4 Billion Files for U.S. IPO, the Company is Backed by Alibaba and Xiaomi

As existing shareholders continue to increase investments in EVs and related technologies, new participants are optimistic about China's growing electric vehicle market. As a result, electric vehicle startup XPeng Motors has strong financial backing and stamina for future development. The company has cash reserves of 8.2 billion yuan (US$1.19 billion), and is ramping up its investment in R&D.