EV startup Lordstown Motors (RIDE) announced a reverse stock split Tuesday as it attempts to remain listed on the NASDAQ exchange and secure funding to keep the Endurance electric pickup alive.
Lordstown’s journey so far
After going public in 2020 via a SPAC merger under the ticker “RIDE,” Lordstown watched its valuation soar with heightening interest in EV makers.
Shortly after, Lordstown…
Factorial Energy nabs UN certification to ship 100 Amp-hour solid-state batteries for EVs
May 23, 2023
Solid-state battery developer Factorial Energy has received globally recognized certification from the United Nations to begin safely shipping its technology to customers around the globe. In turn, the company’s solid-state batteries move one step closer to automotive…
Niche performance automakers Lotus Cars and Renault Group subsidiary Alpine have announced that after two years, they are no long co-developing an all-electric sports coupe that was slotted to replace the combustion-dependent Alpine A110. Here’s the latest.
Let’s start…
When it comes to hydrofoil electric boats, there’s basically one company to turn to: Candela. This Scandinavian boat builder has been putting high-performance hydrofoil electric boats into customers’ marinas for years. And after recently teaming up with fellow Swedish electric automotive company Polestar, the duo have now released a new edition of Candela’s famed C-8 hydrofoil boat.
Meet…
Quick Charge Podcast: May 22, 2023
May 23, 2023
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.
New episodes of Quick Charge are recorded Monday through Thursday and again on…
Tesla (TSLA) shareholders are showing overwhelming support for Elon Musk in a reelection vote despite the recent controversies after buying Twitter.
Many Tesla shareholders have been unhappy with Musk since he acquired Twitter. There were many different reasons for…
Volvo Trucks and Chivas Brothers are launching a two-year pilot program that will see Scotland’s first electric semi truck transporting the country’s largest export – Scotch whisky.
Scotch whisky giant Chivas Brothers will be piloting a Volvo FM Electric 6×2 tractor unit that will pull a tri-axle box van trailer and operate at up to 44 tonnes of gross vehicle weight.
The Volvo FM Electric…
At its Capital Markets Day, VP of EV industrialization at Ford model e, Lisa Drake, said that the EV battery supply chain is “not necessarily a constraint.” Due to the arrangements Ford has made, including the new lithium deals revealed on Monday, the automaker is…
The new Tesla Model Y, built with BYD batteries at Gigafactory Berlin, charges significantly quicker than the previous version.
As we have recently reported, Tesla and BYD have developed into unlikely partners lately.
There was a time when they didn’t take each other…
Enel North America has officially named Oklahoma as its choice for its 3-gigawatt (GW) solar panel and cell factory – the largest economic development project in the state’s history.
The factory, which Enel first announced in November 2022, will be one of the largest in the US to produce solar cells through its affiliate 3Sun USA – and Enel says it eventually plans to double the factory’s…
