Tesla’s new car sales in Spain fell 36% in April to just 571 vehicles year-over-year, Reuters reports. That slump comes as sales of electric cars made by other brands rose in the Iberian country. Tesla sales in Spain mirror those in Europe generally, which plunged in the first four months of the year by 37.2%,…
Category: EV
Ather, Ather Energy, EV, Global IT News, Global Security News, India IPO, IPO, Transportation
India’s EV startup Ather cuts IPO size to $308M, seeking $1.4B post-money valuation
Ather Energy, the Indian startup manufacturing electric two-wheelers, has cut the size of its initial public offer by 18% to 26.26 billion Indian rupees ($308.3M), according to a new draft prospectus filed Tuesday. The Bengaluru-based startup confirmed to TechCrunch it’s targeting a post-money valuation of $1.4 billion. Last September, the startup sought a valuation of…
BluSmart, Emerging Tech, EV, Gensol Engineering, Global Security News, India, Startups, Transportation
India’s BluSmart swept up in Gensol investigation alleging misuse of EV loans
India’s market regulator launched a probe Tuesday into Gensol Engineering after finding alleged misuse of electric vehicle loans. BluSmart, a ride-hailing startup connected to Gensol that was once seen as an emerging Uber rival in the South Asian market, has also been swept up into the investigation. The Securities and Exchange Board of India (SEBI)…
Elon Musk, EV, Global Security News, lucid, Polestar, Tesla, Transportation, volvo
Automakers jump on Tesla’s brand woes with discount EV offers
Tesla trade-ins in the U.S. are at an all time high as some owners become disillusioned with Elon Musk’s politics, and some just want to avoid their car getting keyed by Musk haters. Automakers are pouncing on the opportunity. Polestar, Lucid Motors, Volvo, and Ford — which have long trailed Tesla in EV sales —…
electric vehicles, EV, Global Security News, lucid, lucid gravity suv, Startups, Transportation
Lucid to ramp customer deliveries for Gravity SUV by end of April
Lucid Motors plans to resume customer deliveries for its new all-electric Gravity SUV at the end of April. Getting the Gravity into customer hands is a big milestone for Lucid, whose success will hinge on being able to offer vehicle types popular with American drivers. The Gravity is Lucid’s second vehicle and its first SUV…
battery storage, CDIL, CDIL Semiconductors, Emerging Tech, EV, Global Security News, Hardware, India, Infineon Technologies, Transportation
Infineon teams up with India’s CDIL to explore business in light EVs, energy storage solutions
Infineon Technologies has partnered with CDIL Semiconductors to tap into emerging business cases including light EVs and battery storage solutions in India. © 2024 TechCrunch. All rights reserved. For personal use only.
EV, Global IT News, Global Security News, Tesla, Tesla Supercharger, Transportation
Tesla to test virtual queues at Supercharging locations
Road rage has been around for a while. A newer phenomenon that’s cropping up is EV charging rage — the feeling when a fellow EV owner cuts the line to grab one of the only working charge ports. It’s common enough that people posted altercations between EV drivers on social media and forums. In at…
Bankruptcy, electric trucks, EV, Global IT News, Global Security News, Nikola, Transportation
Troubled electric truck maker Nikola files for bankruptcy
Hydrogen electric trucking startup Nikola Corp. filed for Chapter 11 bankruptcy protection Wednesday after it failed to find a buyer or secure additional funds to maintain operations. Nikola was once a Silicon Valley darling, valued at $30 billion in June 2020 after it went public through a special purpose acquisition merger. But a series of…
Climate, EV, EV battery, evergreens, Global Security News, Government & Policy, inflation reduction act, North America, Transportation
Tracking the EV battery factory construction boom across North America
A wave of automakers and battery makers — foreign and domestic — have pledged to produce North American–made batteries before 2030. © 2024 TechCrunch. All rights reserved. For personal use only.
EV, Global Security News, lucid, lucid gravity, North America, Startups, Tesla Supercharger, Transportation
Lucid Gravity SUV owners will gain access to Tesla Superchargers on Jan 31
Owners of the electric Lucid Gravity SUV will gain access to Tesla’s Supercharging network starting January 31. The Gravity is Lucid’s second vehicle model in its lineup after its flagship Air sedan series, and the first to be built with charge ports compatible with Tesla’s NACS (North American Charging Standard) charge plugs. Lucid Air owners will…
EV, Global IT News, Global Security News, lucid, Lucid air pure, Startups, Transportation
The 2025 Lucid Air Pure is a luxe ride at $69,900 with room for tech tune-ups
The all-electric 2025 Lucid Air Pure is a dreamy, sexy car that’s no less luxurious for being the cheapest trim in Lucid’s Air lineup. I felt fancy and discerning driving around, but in an understated way – as if I were wearing designer sweatpants. But does fancy equal value? I spent about 10 days driving…