Amid a shifting strategy, Ford (F) reported first-quarter earnings Wednesday, beating analyst expectations. However, due to fierce pricing pressure, Ford’s EV revenue fell 84% in Q1 2024. Read more…
Category: Electrek
Tesla (TSLA) surges on Elon Musk trying to ride AI wave
Tesla’s stock (TSLA) surged 12% today, one of its best days in a long time, as Elon Musk tries to position Tesla to ride the artificial intelligence wave. Read more…
New York State’s largest solar + storage carport breaks ground at JFK airport
New York State’s largest onsite solar plus storage project – a solar carport canopy at JFK International Airport – has begun construction. Read more…
Rivian design boss shares how R2 builds off R1S and R1T at a lower price
Rivian wants to shake up the industry with its next-generation R2 electric vehicle. Starting at around $45,000, the R2 is expected to open up a new market of buyers. How does Rivian plan to keep its rugged luxury feel at a lower price? The company’s design boss explains. Read more…
Tesla expects its 4680 battery cells to be cheaper than suppliers by end of year
Tesla now says that it expects its own 4680 battery cells to become cheaper than those coming from suppliers by the end of the year. Read more…
Ford tops Q1 2024 earnings despite pricing pressure weighing on its EV unit
Amid a shifting strategy, Ford (F) reported first-quarter earnings Wednesday, beating analyst expectations. However, due to fierce pricing pressure, Ford’s EV revenue fell 84% in Q1 2024. Read more…
I went to China to witness the secrets of micromobility factories. Here’s what’s coming
I’ve spent many years covering just about every awesome light electric vehicle that has come out of China, from e-bikes and e-scooters to more obscure rides like electric three-wheelers and more. After over a decade in the digital trenches, I’ve felt mighty overdue for a firsthand look at where these fun and functional personal electric vehicles come from. So I made the trip to China and snuck my way behind the scenes at a number of factories to check out some of the biggest and most important players in the industry. Read more…
Tesla gives update on Cybertruck, 1,000 in a week
Tesla has released a rare update on Cybertruck production – confirming the production of 1,000 Cybertruck in a week. Read more…
EPA announces $1B in grants for electric school buses and heavy-duty vehicles
Today, the US Environmental Protection Agency (EPA) announced nearly $1 billion in grants to replace gas heavy-duty vehicles and school buses with electric vehicles. Read more…
BYD teases bold Ocean-M electric car powered by its new EV platform
Another fully electric BYD vehicle is set to debut this week. Ahead of its official reveal, BYD is teasing the upcoming Ocean-M electric car, which will be based on its new EV platform. Read more…
Factorial Energy and LG Chem sign MOU to accelerate solid-state battery development
Two next-generation battery material and cell manufacturers are cooperating to expedite solid-state battery development. LG Chem and Factorial Energy have signed a Memorandum of Understanding, hoping to eventually lead the solid-state battery segment with a strategic partnership. Read more…
Polestar 4 officially goes on sale in the US alongside its first-ever phone in China
EV developer Polestar is touting two announcements today. It has begun sales of its latest EV, the Polestar 4, in the US and officially crossed over into a new segment of technology, launching its flagship smartphone to support its vehicle customers. The phone itself is a little pricey, but Polestar is including it for certain EV customers. Read more…
Volvo’s low-cost EX30 EV is already living up to its promise to deliver profitable growth
Despite its compact size, Volvo’s low-cost EX30 is already making a big impact. After launching just months ago, the new Volvo EX30 is already living up to its promise of delivering profitable growth. Read more…
BETA hits its latest eVTOL milestone, transitioning mid-air with a pilot onboard [Video]
Electric aircraft developer BETA Technologies has shared video footage of its ALIA eVTOL transitioning from vertical takeoff to forward propulsion in its latest test video. This is a key milestone as the company seeks certification for the aircraft ahead of several use cases. Read more…
Mercedes unveils 2025 electric G-Class, with 4 motors and tank turns
Mercedes unveiled its 2025 electric G-Class tonight – which it’s calling the “G580 with EQ technology” – in Beverly Hills, CA, and we’re here at the reveal with all the details. Read more…
Tesla may start selling its Optimus humanoid robot next year, says Elon Musk
Elon Musk announced that Tesla may start selling its Optimus humanoid robot next year. The automaker plans to use the robot in its own factory by the end of the year. Read more…
Tesla is in talks with ‘one major automaker about licensing Full Self-Driving’
Elon Musk confirmed that Tesla is currently in talks with “one major automaker about licensing Full Self-Driving (FSD)”. Read more…
Daily EV Recap: Tesla Self-Driving Homicide
Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple Podcasts, Spotify, TuneIn and… Read more…
Hitachi Energy invests $1.5B to make more transformers for grid upgrades
Hitachi Energy is investing $1.5 billion to ramp up transformer production to support electrification efforts worldwide. Read more…
Tesla announces change of plans to build cheaper electric cars
Tesla announced that it is changing its product plan to introduce cheaper electric cars to be built on its current production lines. Read more…