Tag: Automotive
Recycling startup Redwood Materials is partnering with Proterra to supply EV battery materials sustainably
A growing number of companies have emerged over the last few years determined to reduce waste in the electric vehicle battery market. Chief among these is recycling firm Redwood Materials, which has quickly expanded since its launch in 2017 by Tesla co-founder JB Straubel to become the largest lithium-ion battery…
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Woven Capital kicks off portfolio with investment in autonomous delivery company Nuro
Woven Capital, the investment arm of Toyota’s innovation-focused subsidiary Woven Planet, has announced an investment into Silicon Valley-based autonomous delivery vehicle company Nuro. This kicks off the new $800 million strategic fund, which will invest in growth-stage technology companies that could one day develop into partners or acquisitions to further…
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Porsche adds the all-electric Taycan to its subscription program
Porsche has added its first all-electric vehicle, the Taycan sports sedan, to its subscription and short-term rental program as part of a broader expansion that aims to build a new customer base of U.S. owners. The German automaker said Thursday it is also expanding the Porsche Drive subscription and rental…
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BMW and PG&E team up to prepare the electric grid for millions of EVs
BMW Group and California utility Pacific Gas & Electric are rolling out the next phase of a pilot that aims to test — and learn — how electric vehicles could support the integration of renewable energy on the electric grid. The ChargeForward program, now entering its third phase, is open…
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Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round
Across the street from Suzhou North, a high-speed railway station in a historic city near Shanghai, a futuristic M-shaped building easily catches the eye of anyone passing by. It houses the headquarters of the five-year-old Chinese autonomous driving startup, Momenta. Like other major Chinese cities, Suzhou, which is famous for…
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Ford to build some F-150 trucks without certain parts due to global chip shortage
Ford said Thursday that some some Ford F-150 pickup trucks and Edge crossover without certain electronic modules due to a twofold punch of a global semiconductor shortage and a lack of parts caused a winter storm. Ford said it will build and hold the vehicles for a number of weeks,…
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