Hyundai revealed Wednesday the new Ioniq 9, an all-electric three-row SUV — and its largest EV to date — based on the SEVEN concept that we saw in 2021. (Look, nobody said car-naming protocol had to make sense.) The SUV, which made its debut at the Los Angeles Auto Show, joins the smaller Ioniq 5 […]
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Startup Ample is on a mission to convert commercial fleets into believers in the power of electric vehicle battery swapping technology. The company has spent the last three years piloting its electric vehicle battery swapping technology in San Francisco, Madrid, and Japan. Now, Ample is preparing to turn some of those pilot customers into commercial […]
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General Motors is laying off nearly 1,000 workers in the U.S. as part of a cost-cutting bid, just three months after cutting 1,000 software jobs. The company told TechCrunch that cuts won’t affect hourly workers at any of its factories, but declined to specify what teams were affected. A significant majority of the layoffs were […]
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Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act. Now, it seems President-elect Donald Trump’s transition team has made that a priority with plans to end the tax credit as part of broader tax reform legislation, Reuters reported citing two unnamed sources. TechCrunch has confirmed the […]
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Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June. Volkswagen […]
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Tesla shares have popped since the U.S. election as investors bet that a Trump presidency will benefit the automaker led by ally Elon Musk. Tesla’s shares have rallied nearly 30% since Tuesday, including an increase Friday morning that pushed the company’s market cap past the $1 trillion mark. The share spike is largely related to […]
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Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts estimates — as the EV startup struggled to resolve a component shortage that disrupted production of its recently overhauled flagship R1S and R1T vehicles. Last month, Rivian lowered its annual production guidance to 47,000 to 49,000 vehicles […]
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Lucid Motors has officially started taking orders for its electric Gravity SUV, a critically important vehicle that’s supposed to go into production by the end of this year. Interested buyers can now place $1,000 refundable deposits on the “Grand Touring” trim, which starts at $94,900, on the company’s website. Similar to the company’s current model, […]
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EV startup Canoo has lost its chief financial officer and its head lawyer, the latest in a string of executive departures as the company continues to struggle to find mass adoption of its electric work vans. CFO Greg Ethridge and general counsel Hector Ruiz both resigned from Canoo on October 31, the company announced Tuesday […]
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General Motors CEO Mary Barra still believes an autonomous vehicle with no steering wheel and pedals is “definitely” in her company’s future, despite recently suspending work on the purpose-built Origin. Barra told the crowd at TechCrunch Disrupt 2024 on Tuesday that she still has an eye on a robotaxi with no steering wheel but that […]
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