Rivian secures up to $5 billion from Volkswagen, shares soar more than 50%
Workers assemble second-generation R1 vehicles at electric automaker Rivian's manufacturing facility in Normal, Illinois, on June 21, 2024.Joel Angel Juarez ...
Tag: Autos
China has spent at least $230 billion to build its EV industry, new study finds
Workers assemble a Wuling Hongguang Mini EV, an all-electric microcar manufactured by SAIC-GM-Wuling, at a plant of the joint automaker ...
Tesla has downsized by at least 14% this year after Elon Musk said layoffs would exceed 10%
Elon Musk speaking during the Tesla Annual Shareholder's meeting in Austin, Texas on June 13th, 2024. Source: Tesla Inc. Tesla's hefty downsizing ...
Startup Kinetic rolls out robots to fix electric cars, and someday robotaxis
Kinetic cofounders: CEO Nikhil Naikal, CTO Sander Marques, COO Chris WeberCourtesy: Kinetic AutomationWhile electric vehicle demand is still increasing in ...
Top BofA auto analyst says Detroit automakers need to exit China as soon as possible
Employees on the assembly line produce cars in Mazda's "Family" line of vehicles at China First Automobile Works (FAW) Group ...
More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say
Halfpoint Images | Moment | Getty ImagesThe federal government has issued more than $1 billion in tax credits as an ...
Elon Musk claims Optimus robots could make Tesla a $25 trillion company — more than half the value of the S&P 500 today
A mockup of Tesla Inc.'s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, ...
Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package
Tesla shareholders on Thursday voted to ratify CEO Elon Musk's mammoth 2018 pay plan, five months after a judge in ...
Chinese EV stocks surge after EU slaps up to 38% additional import tariffs
Visitors are looking at a BYD DM-i electric car at the 2024 Beijing International Automotive Exhibition in Beijing, China, on ...
Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties
3alexd | E+ | Getty ImagesA humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed ...
