EV maker Rivian delays deliveries of pickups and SUVs
Rivian Automotive Inc. is delaying deliveries of electric pickup truck and SUVs outfitted with Max battery packs to 2023, CEO RJ Scaringe mentioned in a letter to consumers on Tuesday.…
EV maker VinFast plans U.S. IPO late next year
VinFast could raise as significantly as $3 billion from an IPO, individuals familiar with the matter have said. The organization expects to have a article-IPO price of $twenty five billion…
City EV maker adds battery swap service
Upcoming.e.GO Mobile, an impartial German maker of electrical city autos has released a battery swap assistance. A depleted battery can be exchanged for a entirely charged just one in a…
Amazon discloses 20% stake in EV maker Rivian
Amazon.com Inc. owns a twenty p.c stake in electric powered-car or truck maker Rivian Automotive Inc., the startup with which it has put an purchase for a hundred,000 battery-run supply…
McLaren CEO Mike Flewitt resigns from the British supercar maker
McLaren Automotive Ltd. CEO Mike Flewitt will action down right after 8 years main the intently held business, which has started a search for a successor. The Woking, England-dependent supecar…
Ampere Electric acquires stake in e-3W maker MLR Auto, Auto News, ET Auto
Ampere accelerates the tempo of electrification in the mass mobility phase and stands to gain from a host of incentives beneath Fame-II subsidy with the additional edge of various point…
Buffett-backed Chinese EV maker BYD profit up 162% in 2020
BEIJING — Chinese electric car or truck maker BYD Co Ltd,, which is backed by billionaire Warren Buffett, on Monday described a 162% growth in 2020 internet gain as it…
How electric-vehicle battery maker Romeo Systems will go public
Romeo Devices Inc., a battery maker for electrical motor vehicles, will go public via a merger with particular-reason acquisition corporation RMG Acquisition Corp. in a $one.33 billion deal, the providers…
German truck maker MAN to cut up to quarter of staff, Auto News, ET Auto
Gentleman TGX EVOLION Frankfurt am Major: German truck and bus company Gentleman claimed Friday it will reduce up to a person in four of its workers as it seems to…
EV maker Lordstown Motors to go public by merging with blank check firm
Lordstown Motors has agreed to go public as a result of a merger with blank-look at company DiamondPeak Holdings in a offer that gives the electrical pickup start off-up a…
EV maker Xpeng raises $500 million
BEIJING/HONG KONG — Chinese electric car producer Xpeng Motors, backed by Alibaba Group Holding Ltd, stated Monday it has elevated about $five hundred million in its most recent funding spherical.…
Toyota latest car maker to suspend production over coronavirus
Toyota has joined the likes of PSA, FCA, Ford, Renault and the Volkswagen Group in confirming temporary factory closures in Europe, two of which are in the British isles, owing…