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Electric Vehicles

Yulu Bikes: Yulu raises $19.25 mn from Magna and Bajaj Auto, eyes expansion & new product launch

Shared mobility services provider Yulu Bikes has raised $19.25 million (about Rs 160 crore) from existing strategic investors Magna and two-wheeler maker Bajaj Auto, with which it has a strategic partnership to develop electric vehicles (EVs).The money will be used to launch a new product, extend reach and develop technology, Amit Gupta, co-founder and CEO of Bengaluru-headquartered Yulu Bikes, told ET, adding that the equity infusion will help the company fast-track its growth plans.Elevate Your Tech Prowess with…

2025 Chevrolet Bolt: rumored price, release date, design

Chevrolet It looks like the Bolt isn’t dead after all. Only a few months after Chevrolet announced that it would be killing the Bolt EV, the company reversed course and said that the Bolt will live on. And, finally, we have a few more details about what will likely remain one of the cheapest EVs in its next iteration. That’s not to say it’ll ever be the same again, though. On the contrary, Chevrolet says that it’ll be releasing a new-and-improved second generation of the Bolt that’ll be built on General Motors’…

Tesla faces hurdle in Germany as locals vote against factory expansion

Employees of the Tesla Gigafactory Berlin-Brandenburg work on a production line of a Model Y electric vehicle on March 20, 2023.Patrick Pleuil | Picture Alliance | Getty ImagesElectric vehicle maker Tesla failed to secure a vote among locals in favor of authorizing a major factory expansion for the company's battery and car assembly plant in Brandenburg, Germany.German state-owned broadcaster DW first reported on the vote and that Tesla needed to cut down approximately "250 acres of forest in the rural community of fewer…

EV boat maker Arc debuts a premium wake sport model for $258,000

Arc Boat Company's fully electric Arc Sport model gets four to six hours of typical use on a single charge.Arc Boat CompanyArc Boat Company began sales of its second electric boat model in just three years this week. The new $258,000 Arc Sport was designed for wake sports enthusiasts and follows the company's earlier Arc One, a limited-edition luxury cruiser.While the startup produced fewer than two dozen of those earlier boats, it is gearing up for continuous production of the new model, which it unveiled on Tuesday.The…

Why China’s EV ambitions need virtual power plants

If you, like me, are unsure how a power plant can be virtual, my colleague June Kim just published an insightful article explaining the technology and how it works. For this week’s newsletter, I took the chance to ask her some more questions about VPPs. It turns out the technology has a particularly good synergy with the EV industry, which is why the Chinese government has started to invest in VPPs.  “VPPs are basically just aggregations of distributed energy resources that can balance electricity on the grid,” June…

Xpeng plans to hire 4,000 people, invest in AI

The Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai, April 18, 2023.VCG | Visual China Group | Getty ImagesXpeng plans to hire 4,000 new people and invest in artificial intelligence technology, according to the company's CEO, who warned of intense competition in the electric vehicle space which could end in a "bloodbath."He Xiaopeng, the CEO of EV maker Xpeng, said in a letter to employees on Sunday, which was…

Kia EV9 GT-Line review: a new wave of electric SUVs

“The Kia EV9 is a great buy no matter which model you go for.” Pros Stylish design Luxurious, spacious interior Good performance Reasonable price Cons Low range on entry-level models The world of electric SUVs hasn’t been known for its variety. If you’re in the market for a full-size SUV and want…

What the U.S. can learn from Norway when it comes to EV adoption

Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. In the world's largest auto market, China, 24% of new car sales were EVs in 2023, according to the China Passenger Car Association. "Our goal is that all new cars by 2025 will be zero-emission vehicles," said Ragnhild Syrstad, the state…

Feds open second probe into Fisker’s Ocean SUV after rollaway complaints

The National Highway Traffic Safety Administration has opened a second investigation into EV startup Fisker’s Ocean SUV, after the agency received four complaints about the vehicle rolling away unexpectedly, including one injury. The company tells TechCrunch it is “fully cooperating” with the safety agency. The new probe comes just one month after NHTSA’s Office of Defects Investigation began investigating complaints of sudden loss of braking performance. Fisker claims that problem was resolved…

San Francisco Giants replace Cruise self-driving car uniform patch with another GM brand

The San Francisco Giants said goodbye this week to a uniform patch that advertised Cruise and its robotaxis — the latest fallout for the GM self-driving subsidiary and its controversial presence in the city. The marketing partnership, which was announced in August 2023, will continue, but with another GM brand. For the 2024 baseball season, SF Giants uniforms will show the Chevrolet logo with the “EV” in bolded orange. Chevrolet’s all-electric vehicle portfolio includes the Chevy Blazer EV, the…