Jaclyn Trop

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Canoo sends its EV pickup truck to the US Army for testing

Canoo, the beleaguered EV startup-turned-SPAC, has delivered its first “Light Tactical Vehicle” to the U.S. Army for a demonstration project aimed at showing how its modular electric plat

Honda to launch fuel cell vehicle in 2024

Honda will launch a fuel cell electric vehicle in 2024 based on its bestselling CR-V crossover. The automaker said it will produce the CR-V variant at its Performance Manufacturing Center (PMC) in Mar

Tesla issues back-to-back recalls

Tesla recalled more than 350,000 vehicles from U.S. customers over the weekend in two separate campaigns. The automaker said Saturday that it was recalling more than 321,000 vehicles over a software g

BrightDrop is tracking $1 billion revenue in 2023

General Motors’ e-delivery van subsidiary BrightDrop said Thursday it’s on track to reach $1 billion in revenue next year. The company, which launched in 2021 and was incubated at the automaker’

Toyota unveils all-electric SUV concept under its ‘Beyond Zero’ badge

Toyota unveiled Wednesday an all-electric SUV concept with plant-based seating and an AI “personal” assistant as the automaker expands its “beyond zero” portfolio. The bZ compa

The new 2023 Toyota Prius plays up power, not fuel economy

Toyota is beefing up the fuel-sipping Prius hybrid, adding more power and quicker acceleration to appeal to a wider range of car shoppers in an increasingly crowded market. The car created — and

Faraday Future gets a lifeline to raise up to $350 million

Moribund EV startup Faraday Future could receive up to a $350 million lifeline to help launch its first vehicle, according to a regulatory filing. The company said Monday it has signed a deal with an

Bird tells SEC it overstated revenue for two years

Micromobility company Bird said Monday it had overstated its revenue for more than two years by recognizing unpaid customer rides. Bird’s audit committee found on Friday that the company’s financi

Polestar doubles Q3 revenue, narrows losses

Polestar said it’s still on track to deliver 50,000 cars worldwide this year, even as other electric vehicle makers falter amid higher costs, supply chain crunches and production challenges. The Vo

Audi, Redwood Materials launch recycling program for consumer electronics

Audi and battery recycler Redwood Materials are teaming up to collect end-of-life batteries from cell phones, electric toothbrushes and other lithium-ion-powered devices at participating dealerships n

Rivian upholds 2022 production targets as net loss widens

Electric vehicle maker Rivian affirmed Wednesday that the company is on track to hit its annual production target of 25,000 vehicles despite unpredictable supply chain crunches and component shortages

Volvo’s flagship all-electric SUV embraces software-defined vehicle trend

Volvo unveiled Wednesday its flagship electric vehicle, a seven-passenger SUV loaded with sensors and software that the company hopes will push it ahead in an increasingly saturated luxury EV market.

How Formula E will shape Maserati’s first passenger EV

When the 2024 Maserati GranTurismo Folgore comes to market next fall, consumers might notice some Formula E motorsports DNA running through the automaker’s first EV. In January, Maserati will be

Electric commercial van maker Arrival delays revenue until 2024

Troubled electric vehicle startup Arrival, which is restructuring its business to develop commercial vans for the U.S. instead of Europe, said Tuesday it doesn’t expect to earn revenue until after 2

Fisker bumps up production for all-electric Ocean SUV

Fisker is raising its manufacturing forecast two weeks before its first electric vehicle, the Ocean SUV, enters production. The automaker plans to produce 42,400 Ocean SUVs by the end of 2023, up from

GM takes another full-size pickup electric with the 400-mile range GMC Sierra EV

General Motors unveiled Thursday an all-electric GMC Sierra Denali pickup truck, the latest model in the automaker’s march toward a global annual sales target of 1 million electric vehicles by 2

Mercedes-Benz partners with Canadian mining company for CO2-neutral lithium hydroxide for EVs

Mercedes-Benz AG will source carbon-neutral lithium hydroxide to build batteries for electric vehicles from a Vancouver-based mining startup. Starting in 2026, the agreement with Rock Tech Lithium wil

BMW to invest $1.7B to build EVs in South Carolina

BMW plans to invest $1.7 billion to build at least six EV models in the U.S. by the end of the decade. The investment announced Wednesday includes $1 billion toward BMW’s factory in Spartanburg, Sou

Mullen Automotive acquires bankrupt ELMS for $240 million

Mullen Automotive said Wednesday it has acquired Electric Last Mile Solutions, paving the way for the California-based startup to manufacture its first electric vehicle. The $240 million cash purchase

Rolls-Royce Spectre EV to launch next year with 260-mile range

Rolls-Royce plans to deliver its first EV, the Spectre two-door coupe, to customers late next year as it transitions toward becoming a fully electric brand by 2030. The company estimates that the Spec
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