Electric vehicle charging company ChargePoint recently announced its acquisition of electrification solution provider ViriCiti for 75 million euros ($87.86 million); a move that will see the company advance its expansion efforts into Europe.
Following the announcement, ChargePoint Chief Executive Officer Pasquale Romano made the following statement: "The future of fleets...
Electric vehicle maker Rivian is jumping on the bandwagon of layoffs across the tech and car industries. According to Bloomberg, the company is plotting a restructure in upcoming weeks that will see at least 5% of its 14,000 employees being laid off. The decision comes after Rivian doubled the...
The industry of electric vehicles is growing rapidly by the day, and thus there are countless companies battling to gain position for the head honcho spot. Tesla has always held a firm hold over its competitors in this field, but there's another company that experts are predicting will surprise...
The Saudi Arabian sovereign wealth fund, Public Investment Fund, decided to purchase a minority stake in Italian supercar maker Pagani, the latest move in the Gulf nation's attempt to enter the auto manufacturing space.
Founded by Italian-Argentine entrepreneur Horacio Pagani in 1992, Pagani has referred to the Public Investment Fund...
General Motors confirmed on Thursday its intention to market its all-electric Cadillac vehicles in Switzerland as well as other European countries. This marks the company's return to the European market after selling the Opal and Vauxhall brands in 2017.
Jaclyn McQuaid, GM's European market head explained that direct-to-consumer sales of the...
With the aviation industry in shambles following the outbreak of the coronavirus pandemic last March, engine maker Rolls-Royce plummeted to a record 4 billion-pound ($5.6 billion) loss for 2020. According to the British company's chief executive, the engine manufacturer still has enough funding to bounce back from this historic...
Fintech company Ideanomics revealed on Monday that it's pursuing the acquisition of VIA Motors International Inc in an all-stock deal worth approximately $630 million. As part of the deal, Ideanomics will be offering 62 million shares to shareholders of VIA Motors International, with the latter entity expected to own...
Electric vehicle maker Tesla saw its revenue cut in half in the first quarter of 2024 compared to the same period last year. But despite this, the company’s stock saw a 12% jump on Wednesday thanks to promises of an earlier production of a cheaper EV model.
It was previously...
EV manufacturer Tesla reported its quarterly earnings on Monday, triggering a 7% increase in the EV maker's stock. This comes after the Elon Musk-led company posted record quarterly earnings for the period between January and March.
In an announcement on Friday, Tesla revealed that it delivered 184,800 vehicles in the...
General Motors Co's venture capital arm has decided to invest in Oculii, a startup aimed at making software for radar sensors in self-driving cars. The news was announced by Oculii co-founder Steven Hong.
According to Reuters, this investment will give GM the opportunity to use Oculii's software to upscale the...