Back in 2019, the Swedish company became the first company to put a self-driving big rig truck on a public road.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
The breakthrough comes while the Trump administration moves to pause government spending on domestic EV-charging infrastructure, no less.
Northvolt blamed supply chain kinks caused by geopolitical instability, along with shifting EV demand, for its demise.
Tesla’s stock closed down for a record seventh consecutive week on Friday, and has nearly erased a $700 billion post-election rally.
There are signs that the emissions-free long haul semi-truck industry is slowly but surely picking up momentum, with or without Nikola.
Toyota is selling the present, while Tesla is selling the future — an arguably really far-flung version of the future.
Despite China’s overall economy coming down with a bad cold last year, its EV players are upstaging the world’s most valuable auto company.
Charging infrastructure remains a barrier in EV adoption.
Chinese electric vehicle giant BYD announced revenue of just over $28 billion in the three months ending September.
Toyota is investing $500 million into Joby Aviation, a California-based startup that wants to make flying taxis.
“Any potential cost savings based off a vehicle’s lower-than-average carbon footprint could influence more price-conscious consumers.”
Uber announced a new partnership with BYD to get 100,000 of its drivers into the company’s electric vehicles.
Ford will spend $3 billion to expand production of its popular combustion engine large trucks; Volvo reported a record core operating profit.
Tesla’s sales fell for the second straight quarter, marking its first back-to-back sales drops since 2012. But its stock still rose 10%.
Fisker, the electric vehicle startup, filed for Chapter 11 bankruptcy Tuesday. The real surprise is that it stuck around as long as it did.
A patent from Honda seeks to make EV charging cheaper and better for the environment.