Nikola Focuses on Hydrogen; Battery-Electric Trucks on Hold
Nikola Corp. is betting on a newly launched hydrogen big rig to regain its footing as the company said it wouldn’t deliver any electric trucks for the rest of the year after recent battery fires.
Nikola Truck Catches Fire During Testing
Nikola Corp. says one of its battery-electric big rigs experienced a “thermal incident” Sept. 8 during a test on the cause of recent fires that prompted a recall.
Lordstown Motors to Sue Foxconn Over Stalled Investment
Lordstown Motors Corp. intends to sue backer Foxconn Technology Group as the companies remain at odds over a stalled investment in the EV startup.
EV Startup Lucid to Cut 1,300 Jobs, 18% of Its Workforce
Lucid Group Inc. is eliminating 18% of its workforce, including employees and contractors, as the electric vehicle startup looks to cut costs in its second full year of production.
EV Tax Credit Rulings Please Some Automakers, Exclude Others
The U.S. government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.
Foxconn Starts EV Production in US With First Lordstown Pickups
Taiwan’s Foxconn Technology Group has started building electric vehicles for Lordstown Motors Corp., a milestone as the company better known for making iPhones diversifies its operations.
Struggling EV Startup Mullen Auto Bids for Bankrupt Electric Last Mile
Troubled EV startup Mullen Automotive Inc. has emerged as the leading bidder for the assets of bankrupt competitor Electric Last Mile Solutions Inc., including a now-idle former Hummer SUV factory in Indiana.
Can You Canoo? Terms of Deal Say Walmart Can, Amazon Can’t
Walmart Inc.’s deal backing an electric vehicle startup has some strings, including a provision preventing sales to rival Amazon.
Elon Musk Says New Tesla Plants Are Losing Billions
Elon Musk said Tesla Inc.’s new plants in Germany and Texas are losing “billions of dollars” as the electric vehicle maker tries to ramp up production.
Rivian Dispute With Seat Supplier Could Delay Production of Amazon Vans
Rivian Automotive Inc. fell almost 7% May 16 on word the electric vehicle startup is in a dispute with a key seat supplier that could jeopardize its delivery van contract with patron Amazon .com Inc.