Since launching in 2011, Gogoro (GGR) has grown into an EV battery swap leader. Gogoro released its Q2 earnings results yesterday, signaling a cautious but optimistic road ahead in the second half of 2022.
Gogoro’s previous growth continued in Q2, according to its earnings report, yet the second half of 2022 may be more of a challenge.
When Gogoro first started developing smart batteries and…
US House passes climate bill, on to President Biden
August 13, 2022
The United States House of Representatives has voted to pass the Inflation Reduction Act, the massive climate bill passed by the Senate on Sunday, in a party-line vote of 220-207, supported by Democrats and opposed by republicans.
Now it goes on to Biden’s desk – where…
Tesla has decided to stop taking new orders for its Model 3 Long Range, one of its most popular models, in the United States and Canada. The automaker has adopted this new business model to avoid creating delivery timelines that are super long for customers.
There’s…
Texas-based electric powersports company Volcon says that it will use GM’s propulsion systems to power all of its utility terrain vehicles (UTVs).
Volcon Stag to get GM power
The first model in Volcon’s lineup to get the GM treatment will be the Volcon Stag. That UTV was first unveiled earlier this summer, though at the time we didn’t have many details regarding the exact makeup of the…
Rivian (RIVN) releases Q2 earnings, confirms $1.7 billion loss in race to make money on its electric pickups
August 12, 2022
Electric pickup truck maker, Rivian (RIVN), released its highly anticipated Q2 earnings yesterday, confirming a $1.7 billion loss as the EV maker races the competition towards profitability.
A challenging business environment in Q2 is forcing Rivian to cut its financial…
CATL announces giant new 100 GWh battery plant in Hungary
August 12, 2022
CATL, the world’s largest battery manufacturer, has announced a plan to build a giant new battery plant in Hungary to supply automakers like Mercedes-Benz and BMW.
Contemporary Amperex Technology Co. Limited, abbreviated as CATL, sort of came out of nowhere. It was…
On its Q2 earnings call yesterday, Rivian gave us a glimpse into what we can expect from its newest R2 platform. Rivian is burning through cash as its ramps production of its flagship R1T EV truck model.
Rivian posted a $1.7 billion loss in its Q2 earnings, with labor and material costs rising. At the end of the quarter, Rivian had around 98,000 net preorders for its R1 vehicles, including the…
Scientists have come up with a way to make wind farms more energy efficient, and it doesn’t require new investment.
Wind turbines are controlled as freestanding units and only maximize their own power production, but the wake of each wind turbine impacts each other.
This week on the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. This week, we discussed Tesla Semi finally coming, a FSD Beta smear campaign, the EV tax credit reform passing the Senate, and more.
The show is live…
I got to spend almost a week with the Mercedes EQS as my daily driver and it sure was interesting to see what it was like owning a $130,000 car. One thing’s for certain and stood out however, electric propulsion takes luxury to a new level. In fact, at this point, I’d be reluctant to call anything with an internal combustion engine a luxury vehicle. Here’s why:
Mercedes EQS exterior…
