Categories
Business

Lordstown Motors expects limited production and deliveries of electric pickup in 2022

Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truck startup Lordstown Motors on Thursday reaffirmed plans to begin commercial production of its first vehicle this quarter and roll out the first […]

Categories
Business

Fisker stays on track to start production of its electric Ocean SUV this year, cites 56,000 reservations

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images California-based EV startup Fisker said Wednesday it now has more than 56,000 […]

Categories
Business

EV maker Lucid again cuts production targets as logistics challenges cripple output

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Electric vehicle maker Lucid Group again cut its production targets […]

Categories
Business

Nikola shareholders approve measure to issue new stock over ex-CEO Trevor Milton’s objection

Nikola Motor Company Source: Nikola Motor Company Electric truck maker Nikola has finally won shareholder approval to issue new stock, the company said on Tuesday. Nikola has been trying for two months to win enough votes to overcome the objection of its since-departed founder, who previously voted his 20% interest in Nikola against the proposal. […]

Categories
Business

Nikola to acquire battery-pack supplier Romeo Power in $144 million deal

Nikola Motor Company Two truck Source: Nikola Motor Company Electric heavy truck maker Nikola said Monday that it struck a $144 million deal to acquire battery pack supplier Romeo Power, giving the company control over a key part of its supply chain. The all-stock transaction values Romeo at 74 cents per share, a 34% premium […]

Categories
Business

Ford CEO offers more clues about automaker’s ambitious electric vehicle plans

Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors a little more clarity about how it plans to […]

Categories
World

Elon Musk Sounds the Alarm on Russia-Ukraine War

It would be an understatement to say that Elon Musk, the richest man in the world, is very interested in Russia’s war in Ukraine.  NATO countries and experts see this war as a battle for democracy. “When the history of this era is written, Putin’s war on Ukraine will have left Russia weaker and the […]

Categories
Science

Energy & Environment — Manchin agrees to climate provisions in reconciliation

Sens. Joe Manchin and Charles Schumer announce a breakthrough on climate spending, the Energy Department announces its first loan under an electric vehicles program in a decade and the Biden administration seeks to boost solar power.  This is Overnight Energy & Environment, your source for the latest news focused on energy, the environment and beyond. […]

Categories
Business

Ford Motor will report its second-quarter results after the bell

Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland Ford Motor Company will report its second-quarter earnings shortly after the U.S. markets close today. Here’s what Wall Street is expecting. Adjusted earnings per share: $0.45, according to Refinitiv estimates. […]

Categories
Business

General Motors wants to fill the ‘EV knowledge gap’ with a free online chat tool for all

A man attaches a charging plug to a General Motors Co. (GM) Chevrolet 2017 Volt hybrid electric vehicle (EV) at a charging station in Jeju, South Korea. SeongJoon Cho | Bloomberg | Getty Images DETROIT – General Motors is launching a new tool that it believes will assist in filling the “EV knowledge gap” for […]