Cleantech & EV’s

After Barcelona already clammed down on e-scooters in public transport with a temporary ban after a fire on a train, Madrid and other Spanish cities are following suit with tighter restrictions. Smoke and fire risk from defective batteries is the culprit, with a major explosion taking place in a Madrid subway in October due to a faulty e-scooter battery. From the looks of the photos, the…

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Lucid Motors (LCID) is cutting its 2023 production goal following widening losses in Q3. The EV maker is facing stiff competition in the premium electric vehicle market. Despite initial plans to build between 10,000 and 14,000 cars this year, Lucid is revising its plans as EV sales fail to gain traction. Lucid delivered 1,456 EVs in Q3, up slightly from 1,404 in the second quarter. Deliveries…

Rivian (RIVN) released its third-quarter earnings after market close Tuesday, showing strong results as production and deliveries picked up. Meanwhile, losses are shrinking… Earnings preview The EV maker continued progressing in the third quarter, easily surpassing expectations with 15,564 vehicles delivered. Rivian’s deliveries were up 24% from Q2 and more than double last year’s…