Business, Technology, Fuel

Lucid to Deliver 520-Mile Electric Sedan in October

Lucid Group Inc. has started production on its debut electric consumer car, with deliveries to begin at the end of October.

Ed Ludlow | Bloomberg News
September 28, 2021
Government, Business, Technology

Rivian Gets US Regulatory Go-Ahead to Deliver EVs

Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., says it has received full regulatory certifications and can start delivering its debut electric vehicle to U.S. customers.

Ed Ludlow | Bloomberg News
September 15, 2021
Business

Amazon-Backed Rivian in Talks for $5 Billion Texas Plant

Rivian Automotive Inc., the electric-vehicle startup backed by Amazon.com Inc., is in talks to invest at least $5 billion to build a factory near Fort Worth, Texas, according to a document obtained by Bloomberg News.

Ed Ludlow | Bloomberg News
August 11, 2021
Business, Technology, Equipment

Rivian to Delay Production on Supply Chain Woes

Rivian Automotive Inc., the electric pickup maker backed by Amazon .com Inc., is pushing back to September its plans to start production of its debut vehicle, which was supposed to begin this month.

Ed Ludlow | Bloomberg News
July 16, 2021
Business, Technology, Autonomous

GM’s Cruise Unit Starts Preproduction on Autonomous Shuttle

Cruise, the self-driving-car unit majority-owned by General Motors Co., has started preproduction on its purpose-built battery-electric autonomous shuttle and boosted its access to cash.

Ed Ludlow | Bloomberg News
June 15, 2021
Business, Technology, Fuel, Autonomous

Rivian Hires Former Waymo CFO Gerard Dwyer

Rivian Automotive Inc., the electric-vehicle startup backed by Amazon .com Inc., has hired a former finance chief from Alphabet Inc.’s self-driving arm Waymo.

Ed Ludlow | Bloomberg News
May 27, 2021
Business, Technology, Equipment, Autonomous

Electric Car Startup Lucid Hires Waymo Veteran as Finance Chief

Lucid Motors Inc., the Saudi Arabia-backed electric vehicle maker going public via a reverse merger, has hired a former executive of Alphabet Inc.’s Waymo as chief financial officer.

Ed Ludlow | Bloomberg News
May 5, 2021
Business, Technology, Fuel, Autonomous

Nikola Loses EVP Heading Fuel Cell Development

Nikola Corp., the troubled hydrogen-powered and battery-electric truck startup, lost a key member of its executive team with the departure of the former head of its fuel cell development program.

Ed Ludlow | Bloomberg News
April 7, 2021
Business, Technology, Equipment

Nikola Partner Hanwha to Sell 50% of Stake in EV Startup

Nikola Corp. is seeing another strategic partner sell down its stake as South Korea’s Hanwha Group signaled its intention to liquidate half of its holdings in the troubled electric truck startup.

Ed Ludlow | Bloomberg News
March 18, 2021
Business, Technology, Fuel

Rivian Reportedly Reaches $27.6 Billion Value on New Funds

Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.

Ed Ludlow | Bloomberg News
January 19, 2021