Jul 29, 2021 9:00 AM WST
Trevor Milton, the founder and former CEO of fuel cell truck startup Nikola Corp, has been indicted for deceiving investors and is facing criminal charges for making false and misleading statements, the U.S. Department of Justice said on Thursday. Prosecutors in New York charged Milton with two counts of securities fraud and one count of wire fraud over his statements from Nov 2019 to Sept 2020 about Nikola's products and technology.
Electric-Only Ride-Hailing Startup Revel Gets Approval to Deploy its Fleet of Tesla Model Ys in New York City on Aug 2Jul 27, 2021 10:00 AM WST
New York-based electric-only ride-hailing startup Revel Transit has been given the green light by city officials to launch its fleet of Tesla Model Ys and begin picking up paying customers beginning on Aug 2. The service will give both Uber and Lyft some new competition in New York, the most populous city in the U.S. It also offers a greener transportation option.
Jul 23, 2021 3:00 PM WST
General Motors announced on Friday that it is issuing a second recall for roughly 69,000 Chevrolet Bolt electric vehicles (EVs) worldwide for fire risks after reports of two battery fires. In the interim, the automaker has asked owners to charge their vehicle after each use and avoid depleting the battery below approximately 70 miles of remaining range, where possible, to reduce the risk of a fire.
Jul 23, 2021 9:15 AM WST
Toyota Motor Corp announced its new Driver Companion and digital owners manual, which features a AI-powered voice-activated virtual assistant the automaker calls “Joya” to help drivers learn all about the features and controls of their vehicle. The interactive app, which replaces the printed owners manual, is powered by Google Cloud
Volvo Cars to Take Full Control of its Chinese Business From Automaker Geely as it Explores a Possible IPOJul 21, 2021 1:00 PM WST
Swedish automaker Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding (Geely) from its joint ventures in China, in a move that could make a possible initial public offering (IPO) of Volvo Cars more attractive to investors. Chinese automaker Geely is the parent company of Volvo Cars and the two companies are joint venture partners in China building cars for the local market.
Jul 19, 2021 4:30 PM WST
Automaker Volkswagen is continuing its electric vehicle push in China, which is the world’s biggest auto market. FAW-Volkswagen, the joint venture of Chinese automaker FAW Group and Volkswagen, has started deliveries of the ID CROZZ SUV, newest member of the ID family of fully electric vehicles for the China market.
Jul 16, 2021 11:00 AM WST
Reservation holders eager to receive their new R1T pickup truck from electric vehicle startup Rivian will have to wait a few more months. The company announced that it has pushed forward deliveries of the The R1T Launch Edition a second time to September. In an email sent to R1T reservations holders, Rivian CEO RJ Scaringe, cited multiple factors for the delays, including the global chip shortage.
Toyota Acquires HD Mapping & Data Company CARMERA in its Push to Be a Leader in Autonomous Driving TechJul 15, 2021 10:30 AM WST
Toyota Motor Co subsidiary Woven Planet Holdings, Inc. announced it acquired New York-based spatial AI mapping company CARMERA, Inc. The Woven Planet teams will tap into CARMERA’s core technology that can update HD maps used by autonomous vehicles with crowdsourced data collected from vehicle dash cams.
Jul 12, 2021 1:20 PM WST
Swedish automaker Volvo Cars is acquiring additional shares in electric electric performance vehicle brand Polestar, the automaker announced on Monday. The additional shares in Polestar will increase Volvo Cars’ stake to 49.5%. Polestar is the new EV brand operated by Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding Group Co (Geely).
Jul 09, 2021 1:30 PM WST
Chinese electric vehicle startup NIO Inc. held its first “NIO Power Day” event in Shanghai on July 9, where the company shared its strategic plan to develop a comprehensive EV charging ecosystem for its electric vehicles. The initiative is called “NIO Power 2025” and it includes deploying 4,000 battery swapping stations globally by 2025.