Lucid has secured the winning bid in Nikola Corporation’s bankruptcy auction, acquiring two major Arizona-based facilities and various assets for approximately US$30 million. The deal—pending court approval—marks a significant expansion of Lucid’s manufacturing and development […]
Lucid has kicked off 2025 with a strong start, setting a new delivery record. At the same time, the luxury electric vehicle (EV) maker announced a significant $1 billion convertible note offering. According to figures […]
The Canadian government has frozen $43 million in electric vehicle (EV) rebate payments owed to Tesla and declared the automaker ineligible for all future iZEV (Incentives for Zero-Emission Vehicles) programs, citing a combination of trade […]
Rivian’s plans to construct a $6.6 billion electric vehicle (EV) manufacturing facility in Georgia may have hit a roadblock following the Trump administration’s decision to freeze federal loans. The fate of the loan, which was […]
In the latest chapter of the Trump Administration’s war on the electric vehicle industry, the Administration has paused the National Electric Vehicle Infrastructure (NEVI) program. Per a memo from the Federal Highway Administration (FHWA), the […]
Tesla’s North American Supercharger network hit a remarkable milestone over the Thanksgiving weekend. On Saturday, November 30, the Supercharger network in the United States and Canada delivered an astounding 12 gigawatt-hours (GWh) of electricity in […]
Rivian has announced a conditional commitment from the U.S. Department of Energy’s (DOE) Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for up to $6.6 billion in financing. According to a statement from Rivian, the DOE […]
Volkswagen and Rivian have officially kicked off their $5.8 billion joint venture, a strategic partnership aimed at developing next-generation software and electrical architecture for electric vehicles (EVs). The collaboration between the two companies marks a […]
Tesla’s stock rally following the recent US presidential election has been good for investors, but has spelled financial disaster for short sellers, or those placing bets against the electric vehicle (EV) maker. Tesla’s stock price […]
Tesla has secured yet another large Megapack contract, and again in Australia. This time the deal with worth US$200 million, and will see Tesla supply its Megapack battery systems to two major energy storage projects […]
