Category: automotive industry
Eying sustainability gains for its supply chain, BMW backs Boston Metal’s CO2-free iron production tech
BMW has joined the cohort of investors that are backing Boston Metal’s carbon dioxide-free production technology for steel. The Boston-based startup had targeted a $50 million raise earlier in the year, as TechCrunch reported, and BMW’s addition closes out that round, according to a person familiar with the company. Through…
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Volkswagen’s ID.4 EV is the basic people mover you’ve been waiting for
Dieselgate has shaken Volkswagen to its foundation, prompting the automaker to embrace a radical new direction and invest nearly $40 billion into EV R&D as well as the factory tech needed to make it. The initial result of that massive investment has now hit the streets in the form of…
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Battery companies are the latest SPAC target as EVs get a huge regulatory boost
Batteries are the latest landing pad for investors. In the past week alone, two companies have announced plans to become publicly traded companies by merging with special purpose acquisition companies. European battery manufacturer FREYR said Friday it would become a publicly traded company through a special purpose acquisition vehicle with…
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Tesla cuts prices across EV lineup, ends free supercharging for Model S, Model X
Tesla slashed prices across its electric vehicle portfolio overnight as the automaker aims to boost sales in an economy beaten down by the COVID-19 pandemic. Reuters and Electrek were the first to report the changes. The base price of Model 3 standard range plus is now $37,990, a $2,000 reduction.…
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Mercedes-Benz launches sales of its premium all-electric EQV van
Mercedes-Benz is now selling its EQV 300 all-electric premium van in Europe, the second EV to come out of the automaker’s initiative to produce a line of battery-powered models under its new EQ brand. A concept version of the EQV was first shown in March 2019. But unlike so many…
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Ford to offer COVID-19 testing for symptomatic workers as part of reopening plan
Ford said Saturday it will test hourly and salaried employees with suspected COVID-19 symptoms in four metro areas where it has major operations as it prepares to reopen facilities this month. The automaker is expected to resume production and some operations at its North America facilities May 18. Aside from…
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