The Electric Pickup Revolution Is Real, and It’s Here
“Disrupting” the auto industry isn’t as simple as throwing money at whimsies–it requires overcoming a missing century of institutional knowledge. Rivian, an electric truck startup backed by billions from Amazon and Ford, looks…
Ford announces new factories in shift toward electric vehicles
Ford Motor Co. announced Monday that it is taking big steps into the electric vehicle market with three new battery factories, an electric truck plant, and 11,000 new jobs. Formed as a partnership with South Korean battery cell provider SK Innovation,…
Why China Evergrande Group Stock Rose Today
What happened Shares of beleaguered Chinese property behemoth China Evergrande Group (OTC:EGRN.F), as well as the China Evergrande Group (OTC:EGRN.Y) American depositary receipts, popped early today, rising 2.8% and 9.1%, respectively, as of 9:35 a.m.…
False claim that Biden family owns 10% of Chinese battery company
The claim: Biden family owns 10% of prominent Chinese lithium battery company A new conspiracy theory claims President Joe Biden and his family own part of one of China’s biggest lithium battery companies, despite official paperwork refuting the…
The King of Saudi Arabia Is Traveling to Indonesia With 506 Tons of Luggage
The king of Saudi Arabia, Salman bin Abdul Aziz, is traveling to Indonesia this week—and he is not packing light. Per The Washington Post, King Salman is visiting the country along with 506 tons of cargo, an amount that roughly translates to 240…
PRESS DIGEST- New York Times business news
Sept 28 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. – Ford Motor significantly increased its commitment to electric cars and…
Leonardo DiCaprio-Backed Electric Automaker Polestar Valued At $20 Billion In SPAC Deal
Polestar, the electric vehicle company backed by Volvo of Sweden and Leonardo DiCaprio was valued at $20 billion in a SPAC deal that will take it public. The company, founded in 2017 by Volvo Cars and Chinese automotice group Zhejiang Geely Holding, has…
Ford boosts electric vehicle industry with $11.4 billion investment
The Ford Motor Co. gave the auto industry a jolt Monday with word that it plans to spend $11.4 billion on new production sites in Tennessee and Kentucky where it plans to build electric pickup trucks and cars — and the batteries to power them — on a…
UK funds enable a glimpse of the future
At an event last week focusing on low-carbon and fuel-cell innovation, a consortium of four suppliers together revealed the Aura, a fully electric sports car that combines a series of ideas that may point to the future in which automakers put a higher…
Ford to build $11.4 billion mega campuses for electric car production [Video]
Saying Ford is driving head on into a future of electric vehicles may be an understatement. Think more along the line of hauling a-–. The Detroit-based auto giant said Monday it will partner with SK Innovation to invest $11.4 billion to construct two…