Sean O'Kane

Business, Equipment, Fuel

Foxconn Starts EV Production in US With First Lordstown Pickups

Lordstown Motors' electric Endurance pickup truck The Endurance pickup truck via Lordstown Motors

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.

Sean O'Kane | Bloomberg News
September 29, 2022
Business, Fuel, Logistics

Struggling EV Startup Mullen Auto Bids for Bankrupt Electric Last Mile

An ELMS delivery van ELMS was the first of the electric-vehicle startups that merged with special purpose acquisition companies to go out of business amid the recent market slump. (Electric Last Mile Solutions)

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.

Sean O'Kane | Bloomberg News
September 19, 2022
Business, Fuel

Can You Canoo? Terms of Deal Say Walmart Can, Amazon Can’t

Walmart Canoo EV Canoo recently moved its headquarters to Walmart’s hometown of Bentonville, Ark. (Canoo)

Walmart Inc.’s deal backing an electric vehicle startup has some strings, including a provision preventing sales to rival Amazon.

Sean O'Kane | Bloomberg News
July 13, 2022
Business, Fuel, Autonomous

Elon Musk Says New Tesla Plants Are Losing Billions

Tesla vehicles at the Tesla Inc. Gigafactory in Gruenheide, Germany. Tesla vehicles at the Tesla Inc. Gigafactory in Gruenheide, Germany. (Liesa Johannssen-Koppitz/Bloomberg News)

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.

Sean O'Kane | Bloomberg News
June 22, 2022
Business, Equipment, Fuel

Rivian Dispute With Seat Supplier Could Delay Production of Amazon Vans

An Amazon Rivian electric delivery van at the company's manufacturing facility in Normal, Ill. An Amazon Rivian electric delivery van at the company's manufacturing facility in Normal, Ill. (Jamie Kelter Davis/Bloomberg News)

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.

Sean O'Kane | Bloomberg News
May 16, 2022
Business, Fuel, Logistics

Workhorse to Retire Troubled Flagship Electric Delivery Van

The Workhorse C-1000 delivery van Workhorse Group will retire the C-1000 delivery van. (Workhorse Group)

Workhorse Group Inc. plans to kill its flagship electric delivery van after a recall last year, turning instead to two new models after what its CEO called a “costly misstep.”

Sean O'Kane | Bloomberg News
March 1, 2022

Lordstown Slumps as CEO Warns of Hurdles in Foxconn Deal

Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio. Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio. (Dustin Franz/Bloomberg News)

Lordstown Motors Corp. tumbled after the electric vehicle startup said it was disappointed with the progress in its partnership with Foxconn Technology Group, raising questions about a critical deal to sell a factory and begin commercial production.

Sean O'Kane | Bloomberg News
February 28, 2022
Government, Business, Technology, Autonomous

TuSimple Agrees to US Oversight, Concluding Probe

TuSimple truck TuSimple

Trucking startup TuSimple Holdings Inc. reached an agreement with U.S. authorities to resolve security concerns around its self-driving truck operations and the company’s ties with China.

Sean O'Kane | Bloomberg News
February 23, 2022