Cleantech & EV'sNews

The 'most affordable' DIY e-bike kit company just launched a new $349 version

Swytch, makers of the self-proclaimed “most affordable” electric bike conversion kits out there, announced its newest model this morning. The UK-based company’s new Swytch GO kit comes with a super low pre-order price of just £299 (or US $349 for North American customers), though there’s a bit of a catch. The catch is that’s the pre-order price if you don’t mind joining a waitlist…
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Cleantech & EV'sNews

Ford asks suppliers for ideas to cut EV costs in an all-win-or-lose push for profitability

Ford is putting “everything on the table” to keep up with Tesla and fast-rising Chinese EV makers like BYD. In a new memo, Ford asked suppliers about ideas to cut EV costs after its Model e unit continued to bleed billions in Q1. Like many rivals, Ford introduced significant price reductions to keep up with Tesla’s price cuts. Although the move has helped boost demand, it’s also…
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Cleantech & EV'sNews

Aptera to close crowdfunding and begin Solar EV production with the help of a private financial group

Solar EV startup Aptera Motors announced it is leaving its “crowdfunding nest” of sorts, putting a bookend on three years of its Regulation A offering to pursue private funding. The startup shared a deadline for public investors while it engages in discussions with private financial group US Capital to help (finally) get its solar EVs into scaled production. Scaling is hard. We’ve seen…
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Cleantech & EV'sNews

Ford trims EV battery orders as losses swell to over $100,000 per electric car in Q1

With losses piling up, Ford is cutting back on EV battery orders. According to sources, the move comes as Ford’s EV losses pile up, topping over $100,000 per electric car built in the first quarter. After announcing plans to delay around $12 billion in EV spending last year, Ford has continued to push back EV initiatives, citing slower-than-expected market demand. After cutting F-150 Lightning…
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