Business, Technology, Fuel

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.

Sean O'Kane | Bloomberg News
November 2, 2023
Business, Technology, Equipment, Safety

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.

Sean O'Kane | Bloomberg News
September 11, 2023
Government, Business, Fuel

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.

Sean O'Kane | Bloomberg News
June 9, 2023
Business, Technology, Fuel

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.

Sean O'Kane | Bloomberg News
March 28, 2023
Government, Business, Technology, Equipment

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.

Sean O'Kane | Bloomberg News
January 5, 2023
Business, Equipment, Fuel

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.

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

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.

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

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.

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

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.

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

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.

Sean O'Kane | Bloomberg News
May 16, 2022