Struggling electric van startup Canoo has placed its remaining employees on what it’s calling a “mandatory unpaid break” through at least the end of the year, according to an email obtained by TechCrunch. The company told employees they are being locked out of Canoo’s systems at the end of the day Friday, according to the […]
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Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced discussions with various capital sources” to raise emergency funding. The announcement comes just a few days after board member James Chen resigned, […]
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Rivian has released a new software update to its vehicles that brings some long-awaited apps to its in-vehicle experience. Owners who update their R1S SUV or R1T pickup truck can now use YouTube (while parked) or SiriusXM (with a subscription). The company is also adding Google Cast functionality. That also can only be used while […]
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After pouring more than $10 billion into its robotaxi venture, General Motors (GM) has decided to cut its losses and abandon its driverless ride-hailing service, Cruise. According to a recent Bloomberg report, GM will cease funding its Cruise division’s robotaxi development […]
The post GM exits robotaxi market after spending $10 billion on Cruise, shifting operations in-house first appeared on Tech Startups.
The first Lucid Motors Gravity SUV just rolled off the company’s production line last week, and now it has an official EPA range estimate of 450 miles. That’s a tick higher than the 440-mile estimate Lucid had been citing in the run-up to the official launch and production run of the SUV, which starts at […]
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Consumer Reports has put out its annual automaker reliability list, and the top spot is relatively unsurprising: Subaru. What may come as a surprise to some is that Rivian’s EVs are dead last, especially considering the company topped a different Consumer Reports survey from earlier this year about the “most loved” auto brands. The consumer […]
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The first Lucid Motors Gravity SUV has rolled off the company’s production line in Casa Grande, Arizona, according to a post on X. The company will now set its aim on ramping up production of the new electric vehicle and making the first deliveries — though the company is staying quiet about when it will […]
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Rivian has opened a new charging station in Joshua Tree, California, that is open for other EV owners to use — a first for the company. It’s part of a plan to build out a much larger interoperable charging network across the U.S., though the company is still very early in that process. The new […]
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Mercedes-Benz has delivered the first all-electric popemobile to the Vatican: a modified version of the German automaker’s G-Class SUV. Some of the biggest changes from the standard G-Class involve using the four electric motors at each wheel to carefully control the vehicle at low speeds as it travels around the Vatican grounds. There is also […]
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In November, SpaceX reportedly floated the idea of selling existing shares at $135 each, valuing Elon Musk’s space startup at $250 billion. Just two weeks later, the company is said to be discussing insider share sales that could push its […]
The post SpaceX eyes $350 billion valuation, setting the stage for Elon Musk to become the world’s first trillionaire first appeared on Tech Startups.
Tesla is widely regarded as one of the most sought-after tech employers, attracting millions of applications every year. In 2021 alone, the electric vehicle giant received an astounding 3 million job applications from hopeful candidates. With just 0.5% of applicants […]
The post From rejection to triumph: How a Tesla job applicant turned a setback into a full-time offer after 6 years of hard work first appeared on Tech Startups.
Just two months before President-elect Trump takes office, the Biden administration is rushing to allocate billions in taxpayer funds to support Rivian Automotive, a struggling electric vehicle startup grappling with unsold inventory and faltering demand. This decision follows a recent […]
The post Biden extends $6 billion lifeline to struggling EV startup Rivian amid growing unsold inventory on dealer lots first appeared on Tech Startups.
Just last week, we covered the collapse of Northvolt after its CEO and co-founder, Peter Carlsson, stepped down following a Chapter 11 bankruptcy filing. Once viewed as the driving force behind Europe’s electric car revolution, the Swedish EV battery startup […]
The post Northvolt, once a symbol of Europe’s electric car revolution, files for bankruptcy after burning through $10 billion in investor cash first appeared on Tech Startups.
With an estimated 85 million electric vehicles (EVs) expected on the road by the end of 2025, the demand for lithium is set to surge. However, traditional methods of lithium production come with significant environmental costs. These approaches require large […]
The post ElectraLith, a Rio Tinto-backed tech startup, nears $17.9M second funding round amid lithium market struggles first appeared on Tech Startups.
Hyundai, Kia, and Genesis are recalling about 208,000 EVs in the United States due to an issue that could cause the vehicles to suddenly lose power, according to several filings with the National Highway Traffic Safety Administration. The recall was first reported by Reuters. The problem originates with the integrated charging control unit (ICCU), which […]
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EV owners of GM vehicles like the Chevrolet Silverado EV and Cadillac Lyriq will now officially have access to Tesla’s Superchargers.
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Northvolt’s CEO and co-founder Peter Carlsson stepped down on Friday, just a day after the company filed for U.S. Chapter 11 bankruptcy protection, according to a report from Reuters. The move marks a dramatic turn for what was once Europe’s […]
The post Northvolt’s Collapse: CEO steps down amid chapter 11 filing, $5.8 billion debt, and Europe’s battery dreams shattered first appeared on Tech Startups.
In August, OLA Electric made a public debut on the Indian stock market, with shares surging 20% on the first day and valuing the SoftBank-backed electric vehicle (EV) startup at $4.8 billion. However, just three months later, the 7-year-old company […]
The post Indian electric scooter startup OLA Electric to lay off 500 employees, just 3 months after IPO first appeared on Tech Startups.
