Rivian (RIVN) stock falls on news of $1.3 billion capital raise
The company plans to sell convertible notes as a way to help raise money for the launch of its R2 vehicles.
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The company plans to sell convertible notes as a way to help raise money for the launch of its R2 vehicles.
Tesla has announced that it has built four million EVs.
The company is also recalling 19 of its Endurance pickups due to an electrical connection issue that could result in a loss of propulsion while driving.
Ford has not yet determined when production and shipments on the electric F-150 will resume.
The U.S. Treasury is expanding definitions of vehicles like "SUV" to make more EVs from companies like Tesla and GM eligible for tax credits.
Ford aims to have an annual run rate of 2 million by the end of 2026.
In a massive investment deal, GM will look to extract enough lithium from Nevada's Thacker Pass mine to manufacture 1 million new electric vehicles.
After Tesla announced plans to lower prices of its electric vehicles, Ford has since followed suit with plans to reduce the cost of its Mustang Mach-E.
The expansion will look to produce the 100 GWh 4680 cells, which are more environmentally friendly than other alternatives.
Amazon is partnering with U.S. charging network EVgo to help EV drivers find charging stations via Alexa.