Chinese EV startup NIO revealed it will trim staff positions by 10% this month to improve profitability. NIO’s CEO, William Li, announced the news in an internal memo Friday, citing “fierce competition” in the EV market.
According to the memo, reviewed by Bloomberg, NIO will trim its staff by 10% in November. Li said “duplicate” and other “inefficient” roles will be cut.
In…
Why the new Lotus electric bike costs almost $25,000
November 3, 2023
Lotus, an automotive company that hasn’t always been known as a leader in economical electric vehicles, is trying its hand at a new electric bicycle. But don’t think this is a sneaky way to get a cheap Lotus, as even the newly announced Lotus Type 136 e-bike costs a…
How BMW is lowering its diesel truck CO2 emissions by 50%
November 3, 2023
How do you make a long-haul diesel truck emit 50% less CO2 without changing a single thing about it? Sounds like a riddle, right? A new pilot solution embraced by BMW Group Logistik and supplied by partner firm Trailer Dynamics here in Germany, though, can do just that. I…
Tesla has officially launched its virtual power plant in Puerto Rico and it could quickly become the world’s biggest thanks to the large Powerwall user base in the region.
Virtual power plants (VPP) consist of aggregating distributed energy assets, primarily rooftop solar and home energy storage, to offer grid services like peak shaving.
A company like Tesla pulls power from those customer…
EV startup Rivian announced that Arnhelm Mittelbach has joined the team as its first Georgia plant manager. Mittlebach joins Rivian with over 20 years of experience at Mercedes-Benz as the EV maker prepares to break ground on its second EV plant.
Rivian will begin…
Polestar 4 ranks as brand's greenest car to date
November 2, 2023
Swedish EV maker Polestar just released its first Life Cycle Assessment (LCA) for the brand’s SUV crossover Polestar 4, which the company says emits as little as 19.4 tonnes of CO2 equivalent. Made in China, the model ranks as having the smallest carbon footprint in the…
Electrify America just launched its first EV charging station in North Dakota – here’s why that’s kind of a big deal.
There are a lot more oil pump jacks than EV charging stations in North Dakota. As of December 2022, North Dakota had only 600 registered EVs, putting the state at No. 50 in the US for EV registrations. (For context, 614,300 gas cars were registered there in the same…
Nikola's recall was costly in Q3, but does rising orders signal the worst is behind it?
November 2, 2023
After recalling all of its battery electric trucks that it had delivered, Nikola’s losses widened in the third quarter. However, with orders rising for its hydrogen fuel cell truck, is Nikola turning the page?
Nikola CEO Steve Girsky, said the company is…
ZEEKR 001 and 009 first drives: Quality EVs offering proof this automaker is just getting started
November 2, 2023
After over two years of consistent coverage of Geely’s young, all-electric ZEEKR brand, I finally got the opportunity to see its first two EV models up close and take them both for a spin. As a bonus, ZEEKR also had its purpose-built EV designed for Waymo on display before…
It's a table! It's a solar power plant! It's both!
November 2, 2023
You can generate clean power for your home with this “solar table power plant” and eat your lunch on it too.
It’s a solar table power plant
German startup Technaxx’s 400 W plug-and-play solar table seats up to eight people. It can also feed electricity into a 230V household grid and cover a home’s base load during the day.
The preassembled microinverter allows for 400 W output, and…
