Rivian downsizes DOE loan to $4.5B for Georgia factory
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.
-
-
Moment Energy raises $40M to meet ‘infinite demand for power’ with EV batteries
The startup has put a spin on repurposing EV batteries, CEO Edward Chiang told TechCrunch.
-
Lucid Motors doesn’t know how many EVs it will build this year
Lucid Motors pulled its guidance for the year, as it navigates swelling inventory and a companywide cost-cutting measure.
-
RJ Scaringe has raised more than $12B across three startups and investors still want more
Investors can’t seem to get enough of RJ Scaringe or his ideas. Storytelling and communication are one of his superpowers, according to Jiten Behl, who joined Rivian when the company had just a handful of employees.
-
Global EV market goes K-shaped as the US gets left behind
EV sales have surged worldwide in every region but the U.S., posing risks for legacy and startup automakers.
-
Tesla’s Full Self-Driving software is creeping into Europe
First came the Netherlands, now it’s Lithuania. And more European countries appear to be in the queue for Tesla’s driver-assistance system.
-
Ferrari’s first EV is not for you
The Ferrari Luce seems to be more aimed at regulatory compliance and China, putting a lot of pressure on the Jony Ive-designed EV.
-
Rivian will deliver the first R2 SUVs on June 9
The company has finally set a date for the first customer deliveries of what CEO RJ Scaringe has said is “maybe the most important thing we’ve launched to date.”
-
Rivian under investigation over rear suspension failures on R1 models
At least two owners have lost control of their vehicles after a critical suspension component broke. In both cases, the vehicles had been previously serviced.
-
Slate Auto will announce pricing and take preorders for its EV on June 24
The Bezos-backed EV startup has yet to announce final pricing for its vehicle, which is supposed to start shipping by the end of this year.
