U.S. electric automaker Fisker expects operating expenses to reach between $490 million and $530 million this year, a slight increase in its business outlook for the year that is driven by R&D spending on prototypes for its Ocean SUV, testing and validation of advanced technology, hiring and its “accelerating” partnership with Foxconn. The company, which…
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Trevor Milton, the fast-talking showman founder of Nikola and the electric truck startup’s former CEO and executive chairman, has been charged with three counts of fraud. Milton “engaged in a fraudulent scheme to deceive retail investors” for his own personal benefit, according to the federal indictment unsealed by U.S. Attorney’s Office in Manhattan on Thursday.…
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5G technology has generated a lot of hype for its potential to power driverless cars using a remote operator, but for the past few years that’s all it’s been — hype. Las Vegas-based startup Halo and telecom giant T-Mobile are teaming up to change that, with a driverless electric car service in Las Vegas powered…
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GM has launched a series of new subsidiaries in the past year tackling electrification, connectivity and even insurance — all part of the automaker’s aim to find value (and profits) beyond its traditional business of making, selling and financing vehicles. These startups, including numerous ones that will never make the cut, get their start under…
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Ubco, the New Zealand-based electric utility bike startup, has raised $10 million to fund a global expansion focused on the U.S. market and scale up its commercial subscription service business. Ubco’s hero product, the Ubco 2X2, is an all-wheel drive electric motorbike that looks like a dirt bike but rides like a moped. What began…
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Ford has two electric vehicles in the pipeline — the E-Transit cargo van and F-150 Lighting Pro —aimed at commercial customers. Now, the automaker is rounding out its future EV commercial business with the acquisition of battery management and fleet monitoring software startup Electriphi. Terms of the acquisition weren’t disclosed. Ford is betting that the…
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Electric vehicle startup Canoo detailed some of the features that may be on its app on Thursday, foremost of which is a one-stop shop functionality that customers could use for their Canoo vehicles — and all their other cars, as well. This unusual approach to its branded vehicle app could potentially pay off big-time for…
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Nuro, the autonomous delivery startup founded in 2016 by former Google engineers Dave Ferguson and Jiajun Zhu, is expanding into parcel logistics through a partnership with FedEx. The multi-year, multi-phased strategic partnership announced Tuesday aims to test and ultimately deploy Nuro’s second-generation R2 autonomous delivery vehicle within FedEx operations. Unlike others in the autonomous vehicle…
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As former senior executive of BMW AG’s electric car division, Kranz oversaw the development of the sporty electric i3 and i8 cars at BMW, which might give us a hint into the potential aesthetic of the future Apple Car. Anonymous sources say he’ll report to Doug Field, who runs the Apple Car project and previously…
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Thousands of electric vehicle charging stations will be built around the country over the next decade. ChargerHelp!, founded in January 2020 by Kameale C. Terry and Evette Ellis, wants to make sure they stay up and running. The idea for the on-demand repair app for EV charging stations came to Terry when she was working…
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