Tag: transportation
Volvo, Daimler, Traton invest $593 million to build electric truck charging network
Volvo Group, Daimler Truck and Volkswagon’s AG heavy-truck business the Traton Group announced on Monday a non-binding agreement to build a network of high-performance public charging stations for electric heavy-duty long-haul trucks and buses around Europe. The news was first reported by Reuters. The three major European automakers will invest…
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VW offloads Bugatti to Rimac to form new EV company Bugatti-Rimac
Croatian electric supercar startup Rimac Automobili is taking over Bugatti. Rimac will own a controlling 55% share in the new company, Bugatti-Rimac, with VW’s Porsche owning the remaining 45%, according to reports by the Financial Times. “Rimac and Bugatti are a perfect match in terms of what we each bring…
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The Station: Bird has drama in San Francisco, drone delivery startup Zipline raises $250M
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Happy 4th of July! For those of you who are actually checking your emails today while getting some sun at an overcrowded beach…
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Department of Justice opens investigation into EV startup Lordstown Motors
Lordstown Motors continues to stumble. The beleaguered electric vehicle startup is now being investigated by the Department of Justice, in addition to an ongoing investigation by the Securities and Exchange Commission. The investigation, first broke by the Wall Street Journal on Friday, is still in its early stages, according to…
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Chinese cybersecurity probe validates Didi’s pre-IPO warning to investors
Regulators ordered the ride-hailing company to stop signing up new customers Alex Wilhelm 7 hours Shares of Chinese ride-hailing provider Didi are sharply lower this morning after news broke that its domestic regulators are investigating the newly public company. A loose translation of the probe’s official notice indicates that the…
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GM is investing in a California lithium extraction project
General Motors is investing in domestically sourced lithium. The company said Friday it became the first investor in an Australian company’s project to extract the mineral, a critical component of electric vehicle batteries, from the Salton Sea Geothermal Field near Los Angeles. The automaker will have first rights on lithium…
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