US electric vehicle startups set for another quarter of steep cash burnHaving gone public with hopes of shaking up the automobile industry, these companies have seen their market valuations evaporate in the pas...
Tesla's slowing sales, shrinking margins in focus in EV price warThe company's margins will be hit though as Tesla looks to squash competition from traditional automakers such as Ford Motor Co and unprofi...
Tesla's price cuts promise more pain for money-losing US EV startupsTesla's move last week to slash prices globally on its EVs by as much as 20% could draw new buyers to electric cars in the industry, but al...
Nvidia, Foxconn to build autonomous vehicle platformsTaiwanese contract manufacturer Foxconn said it will manufacture electronic control units (ECUs) for cars based on Nvidia's DRIVE Orin chip...
Fisker to sell electric SUV in India; start local manufacturing in few yearsSales of electric cars in India will gather pace by 2025-26, Henrik Fisker said in an interview in New Delhi, adding that the company wants...
Is anyone actually making electric vehicles?It’s even tougher when costs to produce vehicles are surging. Manufacturers can’t get their hands on parts and sales have been underwhelmin...
Foxconn to make electric cars in India for FiskerThe EV market in India is on the rise, with sales of over 300,000 units across segments in 2021. The share of electric cars stood at around...
Foxconn says looking at making EVs in Europe, India, Latin AmericaFoxconn, formally called Hon Hai Precision Industry Co Ltd, aims to become a major player in the global EV market and has clinched deals wi...
Carmakers shift up a gear in race to go electricThat follows a recent announcement that Daimler AG will take a 33% stake in battery cell manufacturer Automotive Cells Company (ACC), found...
Apple iPhone maker Foxconn now wants to make electric vehiclesFoxconn has teased three vehicles - an SUV, a sedan and a bus. These were made by Foxtron, a venture between Foxconn and Taiwanese car make...
Taiwan's Foxconn shows off three electric vehicle prototypesThe vehicles - an SUV, a sedan and a bus - were made by Foxtron, a joint venture between Foxconn and Taiwanese car maker Yulon Motor Co Ltd.
McDonald’s of manufacturing: Tycoon aims to reshape carmaking one microplant at a timeArrival’s approach got backing from companies including Hyundai Motor Co. and BlackRock Inc. earlier this year, while United Parcel Service...
Elon Musk’s $139 billion fortune leads massive EV wealth gainsThat doesn’t take into account the ancillary parts required for electric cars. The top shareholders of battery maker Contemporary Amperex T...
Tesla, Nikola, Nio and Fisker: Electric carmakers are in a stock market bubbleTesla’s market value soared past $540 billion this week — equivalent to 250 times its expected earnings this year — meaning it’s now the wo...
No revenue is no problem in the 2020 stock marketThe remarkable thing about some of these SPAC-backed companies is they’re going public before they’ve generated their first revenues. These...
Change of plans: Henrik Fisker now working on a $40K electric SUVThe BMW designer earlier announced plans to produce an expensive electric sports car.
- US automaker receives $528.7 million government loan
The Energy Department said Tuesday it would lend $528.7 million to Fisker from a $25 billion fund to develop fuel-efficient vehicles, makin...