DETROIT — BrightDrop, a General Motors Co. startup making electric delivery vehicles, said Nov. 18 that Merchants Fleet is planning to expand its purchase order to receive a total of 18,000 BrightDrop EVs.
November 19, 2021BusinessTechnologyEquipmentSafetyFuel
Electric Vehicles Rank Low in Consumer Reports Reliability Study
Electric vehicles fare poorly in the latest reliability study from Consumer Reports, with Tesla Inc. and its battery-powered lineup finishing second-to-last for the second straight year. Only Ford Motor Co.’s Lincoln division was worse, the publisher said Nov. 18.
November 18, 2021GovernmentBusinessEquipmentFuel
Biden Pushes Electric Vehicle Chargers, Infrastructure
DETROIT — President Joe Biden punched the accelerator on a battery-powered Hummer on Nov. 17, causing the wheels to squeal and the truck to jet forward as he tried to drive the country toward an electric vehicle future.
November 17, 2021BusinessTechnologyFuel
Rivian Leaps Past Volkswagen’s Valuation Amid EV Mania
A searing five-day rally in the shares of Rivian Automotive Inc. has led the electric truck startup to more than double in value since last week’s trading debut, with its market capitalization now surpassing Volkswagen AG.
November 16, 2021BusinessTechnology
Post IPO, Rivian Pursues Stand-Alone Battery Plant
Fresh off a $12 billion initial public offering, Rivian Automotive Inc. is investing in a dizzying array of expansion projects and actively pursuing a site for a stand-alone battery factory in addition to a pair of new vehicle-assembly plants already planned.
November 12, 2021BusinessTechnologyFuel
Rivian’s Trading Debut Pushes Value to Almost $88 Billion
Rivian Automotive Inc. ended its first day as a public company valued at almost $88 billion, more than tripling its last private valuation after investors piled into 2021’s biggest initial public offering.
November 10, 2021BusinessTechnologyFuel
Rivian Set for IPO That Will Rank as Year’s Biggest
Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, according to people familiar with the matter.
November 9, 2021BusinessTechnologyFuel
Sensata Adds EV Charging Products
Sensata Technologies announced new custom-designed high-voltage junction box solutions for charging commercial electric vehicles.
November 5, 2021GovernmentBusinessFuel
EV Plan Runs Afoul of USMCA, Canada Parts Chief Warns
President Joe Biden’s proposed incentives for U.S. electric-car buyers could be challenged under the North American trade pact, a Canadian auto industry leader warned.
October 29, 2021BusinessFuel
Ford Shatters Estimates as Sales Increase, Resuming Dividend
Ford Motor Co., charging forward with big investments in electric vehicles, reported third-quarter results that beat analysts’ expectations as chip shortages eased and sales grew.
October 27, 2021