EV startup Lucid (LCID) revealed it is raising roughly $3 billion through a public stock sale and new investment from its majority stockholder, Saudi Arabia’s Public Investment Fund (PIF).
Lucid raises $3 billion via stock sale
Lucid, like most EV startups, is struggling with rising input costs as it works to ramp production. To make matters worse, falling valuations are making it harder to…
EV startup Rivian’s (RIVN) stock price is down over 91% from its all-time high set shortly after going public on the Nasdaq exchange in 2021. With share prices falling, Rivian may be at risk of losing its spot in the Nasqaq 100 index.
Rivian stock sell-off
After going…
Jaguar recalls all I-Pace EVs over battery fire risk, a year after we warned them about it
June 2, 2023
Jaguar announced that it is recalling all I-Pace electric vehicles in the US over a battery fire risk. The recall comes a year after we warned Jaguar about the issue.
Last summer, we released a report highlighting our suspicion that Jaguar might have a battery problem…
General Motors (GM) and South Korean advanced EV battery materials company Posco Future M revealed an additional investment in its new cathode factory in Ontario, Canada, now exceeding $1 billion.
GM plans to enhance CAM supply in North America
The new funding will help increase Cathode active material (CAM) production and the precursor materials (pCAM) needed to produce it in North America.
GM…
Eric Hicks, the founder and CEO of LunaCycles, went onto Facebook last night to tease the next big (little) electric moto bike from the high-end manufacturer and importer. The “Talaria XXX” already has us salivating. There are no spoilers here, but let’s dive into what…
Tesla has updated its Model Y Long Range in Canada to a Chinese import. It, unfortunately, comes with less range and the same price.
Tesla seems to be updating its vehicle lineup in Canada.
We reported on Tesla launching a new Model Y RWD in Canada that brings the price of…
As an electric bike journalist, I pretty much live life on two-wheels. That means everything from electric bicycles to e-scooters, mopeds, and motorcycles. It’s the only way my wife and I like to travel our city. After going electric years ago, it’s been a while since I threw my leg over a bike with a combustion engine. At least, not until last week, which gave me a vivid reminder of why I…
Motorola skipped the US market with last year’s Razr, but it’s coming back — and there may be reasons to consider the company’s latest foldable phones over Samsung’s rival Galaxy Z Flip series.The company has introduced a 2023 Razr family headlined…
Quick Charge Podcast: June 1, 2023
June 2, 2023
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now onApple Podcasts,Spotify,TuneInand ourRSS feedfor Overcast and other podcast players.
New episodes of Quick Charge are recorded Monday through…
Jaguar Land Rover, or JLR as it’s now known, is breaking into four sub-brands as part of its new corporate identity. Range Rover, Defender, Discovery, and Jaguar will become their own distinct brands as the automaker moves toward an electric future with a new logo.
The new corporate identity and logo are part of JLRs move to maximize each brand’s potential, embodying “elegance, modernity…
