Electric vehicle startup Rivian continues to go from strength to strength. After managing to raise $13.7 billion from an initial public offering in November, the company is now preparing to build its second vehicle plant. Rivian in a shareholder letter issued on Thursday said it has selected the state of Georgia for the new plant
Global electric vehicle supremacy will arrive by 2033 — five years earlier than previously expected — as tougher regulations and rising interest drive demand for zero-emission transportation, according to a new study. Consultant Ernst & Young LLP now sees EV sales outpacing fossil fuel-burners in 12 years in Europe, China, and the U.S. — the
Porsche's first fully electric electric production car, the Mission E, will be offered in three power levels, Britain's CAR magazine has learned. The fully electric sedan, due on sale in 2019, will likely be offered in Carrera, Carrera S and Turbo flavors, reflecting a performance ladder familiar to Porsche buyers rather than the presence of turbochargers. CAR reports that the base Carrera
Tesla announced that closed two deals with Deutsche bank worth in total $500, that it will be used for increasing its capital expenditure. Automaker is preparing for expansion of production lines in Freemont and Nevada where facility for battery production is placed, all before introducing long time expected Model 3, scheduled for 2017. The first
Hyundai confirmed that its battery electric vehicle with a 200-mile range is coming. It will be an SUV by continuing where Toyota RAV4 EV finished. The producer annunciated that today at a press conference at the 2016 Los Angeles Auto Show. Even Hyundai’s trio of Ioniq models (hybrid, plug-in, and full EV) and the producer’s scheming subscription
Did you know that Tesla was supplying other automakers, trough electric vehicle development and manufacturing? It is not well known information about the Silicon Valley cars and batteries producers, because the other car makers didn’t advertise this fact towards their consumers. Nevertheless, various productions for other automakers was important part for Tesla’s revenue in previous
