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Electric Vehicles News
Teslarati
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Tesla preps its new Model Y for a European takeover at Giga Berlin
- Tesla is preparing its Gigafactory Berlin in Germany for the production and delivery of the new Model Y.
- Only the new version of Model Y, codenamed 'Juniper,' is being produced at the German plant.
- Deliveries of the new Model Y from Giga Berlin could begin as soon as next week.
- The design refresh of the Model Y includes exterior changes and engineering upgrades for a better driving experience.
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Electrek
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Rad Power takes $500 off e-bikes with several new lows from $999, EcoFlow DELTA 3 Plus and Pro Ultra flash sale from $849, more
- Rad Power is offering up to $500 off on six e-bikes along with a 50% discount on four accessories for their newest models.
- Rad Power has reduced the prices of RadRunner e-bikes (RadRunner 2, RadRunner Plus, and RadRunner 3 Plus) to new all-time low prices starting from $999.
- EcoFlow's Valentine's flash sale includes the DELTA 3 Plus Portable Power Station at $849 and two DELTA Pro Ultra expansion batteries at $4,999.
- Aiper's Surfer S2 Solar Pool Skimmer is now at a new low price of $320, just a month after its release.
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Insideevs
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Honda Still Might Have Saved Nissan
- The Honda-Nissan merger plan is dead, with no clear advantage for either firm.
- Nissan's CEO has realized the need for reform and restructuring within the company.
- Honda CEO suggested a combined Nissan-Honda leadership structure would be slow and bloated, leading to Nissan deciding to fix itself.
- Nissan needs to address its uninspiring lineup, high reliance on fleet sales, and lack of a clearly defined brand image to remain relevant in the market.
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Insider
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Why an electric truck maker once worth more than Ford just went bust
- Electric truck startup Nikola, once valued more than Ford, has filed for bankruptcy due to fraud scandal and financial issues.
- Nikola went public in 2020, reaching a valuation exceeding $30 billion, but faced setbacks, including accusations of deception and fraud.
- Founder Trevor Milton was accused of misleading investors, leading to a scandal involving fictitious technology demonstrations.
- The company's troubles escalated in 2021 with significant financial losses and a fine from the SEC, despite briefly rebounding.
- Nikola struggled to commercialize its technology, facing challenges in the heavy-duty truck market's demands for quick refueling and long ranges.
- The company's bankruptcy reflects the difficulties faced by EV startups in the competitive and costly electric vehicle industry.
- Other EV startups like Fisker and Canoo have also faced financial woes, emphasizing the challenges of establishing a profitable EV business.
- Both legacy automakers and new EV companies struggle to make profits in the electric vehicle sector, with significant financial losses reported.
- Tesla stands out as a rare success story in the EV market, with its profitable electric vehicle sales and advantage of scale.
- The struggles of EV startups highlight the daunting task of building a successful electric vehicle business, with high production costs and financial risks.
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Insideevs
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Type 00 Prototype Sighting Shows Jaguar Wasn’t Kidding About That Design
- Jaguar is working on its first new model after its rebranding, the Type 00, expected to be revealed in 2026.
- The Type 00 features an unusual design with a long hood and a fastback aesthetic.
- A camouflaged prototype of the Type 00 was recently spotted in Spain, showcasing its unique design.
- Jaguar's upmarket rebranding and unique design may appeal to a new generation of ultra-luxury buyers.
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Chargedevs
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Research confirms Altilium’s recycled cathode materials match performance of mined materials
- New research indicates that recycled EV battery materials produced by Altilium can match the performance of mined materials.
- The analysis confirms improvements in purity, morphology, and electrochemical performance compared to commercially available materials, potentially delivering longer battery life, faster charging times, and lower costs.
- Extensive testing showcases high rate and cycle performance of Altilium's recycled cathode active materials, outperforming typical ranges for mined materials.
- Altilium's EcoCathode process recovers over 95% of critical metals from end-of-life EV batteries, reducing impurities and variability in metal composition.
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Chargedevs
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Cummins acquires assets of mining decarbonization company First Mode
- Cummins has acquired the assets of mining decarbonization company First Mode.
- First Mode is known for its combined fuel cell/battery drive designed for use as a hybrid retrofit for mining haul trucks.
- Cummins aims to provide decarbonization solutions to miners and enable them to reduce operating costs.
- The purchase price for First Mode's assets has not been disclosed.
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Chargedevs
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NASCAR installs EV chargers at Daytona Beach headquarters
- NASCAR has installed 30 Level 2 EV chargers at its Daytona Beach headquarters.
- The chargers will be for employee and industry use, supporting NASCAR's transition to electric fleet vehicles.
- This initiative is a part of NASCAR's Impact plan to achieve zero carbon emissions across its core operations by 2035.
- NASCAR is collaborating with Florida Power & Light's EVolution and ABB for the electrification efforts.
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Automotiveaddicts
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Nikola Files for Bankruptcy as EV Market Shakeout Continues
- Nikola Corporation, once valued at $27 billion, has filed for Chapter 11 bankruptcy protection, marking the end of its turbulent journey as an EV and hydrogen truck company.
- The electric vehicle market has seen a shakeout with Nikola's downfall, reflecting the challenges faced by many startups in the industry amid tough economic conditions.
- CEO Steve Girsky cited market and macroeconomic factors for Nikola's struggles, as the company plans to wind down operations and seek buyers for its assets.
- Nikola's fall from grace highlights the harsh reality for EV startups, including high cash burn rates, slowing demand, and financial pressures.
- Nikola's production setbacks, recalls, and safety concerns affected consumer trust, leading to financial setbacks despite efforts to focus on hydrogen truck production.
- Nikola's stock plummeted by 38% post-bankruptcy filing, reducing its valuation to below $50 million, a significant drop from its previous peak.
- Debt and cash burn spiral plagued Nikola, with its cash reserves shrinking to $47 million and liabilities estimated between $1 billion to $10 billion.
- The Chapter 11 process will see Nikola liquidating remaining assets; its manufacturing facilities may attract buyers, but its tarnished brand poses challenges.
- Nikola's collapse serves as a warning for the EV sector, reflecting increasing competition, operational challenges, and high costs facing companies in the industry.
- The aftermath of Nikola's bankruptcy emphasizes the need for sustained financial backing, manufacturing expertise, and adaptability for EV companies to succeed.
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The Verge
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The Cybertruck is the latest Tesla to score a 5-star crash rating
- The Tesla Cybertruck has received a 5-star crash safety rating.
- It scored a 5-star rating in frontal and side crashes, as well as risk of rollover.
- Knee airbags did not deploy during the test, but were not designed to for this specific configuration.
- The Cybertruck's stainless steel body and sharp angles raised questions about pedestrian safety.
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The Verge
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Tesla Cybertruck: all the news about Elon Musk’s futuristic pickup truck
- Tesla Cybertruck has gained attention for its futuristic design and unique features.
- Pickup trucks are a lucrative market, and Tesla aims to enter with a blend of performance and utility.
- Tesla has faced delays and issues with the Cybertruck, including recalls and wiper problems.
- The Cybertruck has garnered significant interest and already has over 200,000 pre-orders.
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Teslarati
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Tesla is getting targeted by Canada officials over rocky Trump relations
- Tesla is facing criticism from officials in Canada due to the company's association with U.S. President Donald Trump.
- Toronto deputy mayor wants to drive Tesla out of town and has written a letter requesting the cancellation of Tesla's lease.
- Toronto mayor has passed a motion to exclude Tesla's electric vehicles from the city's zero emissions grant program for taxis and limousines.
- Toronto councilor criticizes anti-Tesla proposals, stating it's risky to chase businesses and cause job losses based on a distant CEO's comments.
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Insideevs
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Trump Could Hit The Entire Auto Industry With The Chicken Tax
- The Chicken Tax, a 25% tariff on imported goods, notably light trucks, has shaped the American auto industry for decades.
- It has prevented most foreign-made light pickup trucks from entering the U.S. market, benefiting American automakers.
- President Trump is considering imposing a 25% tariff on all imported cars, potentially causing significant upheaval in the industry.
- The proposed tariffs could lead to increased car prices, delayed or canceled models, and brand exits.
- This policy shift could particularly impact Volkswagen and other companies heavily reliant on imports.
- Rivian is expected to report a profitable Q4 after implementing cost-cutting measures.
- Nikola Motor, once valued highly, has filed for bankruptcy after facing significant challenges in the EV industry.
- If the proposed tariffs on imported cars are implemented, the entire EV sector could face financial strains.
- Automakers, already navigating the competitive EV market, would face additional financial burdens from the tariffs.
- The implications of these tariffs on the EV industry remain uncertain, with potential impacts on profitability and competitiveness.
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TechCrunch
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Troubled electric truck maker Nikola files for bankruptcy
- Electric trucking startup Nikola Corp. has filed for Chapter 11 bankruptcy protection.
- The company plans to go to auction with its assets to raise funds and repay its debts.
- Nikola faced challenges in the market due to various factors, including scandals surrounding its founder and former CEO Trevor Milton.
- Nikola had been trying to raise capital to sustain operations but failed to secure additional funds.
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Insideevs
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The Tesla Cybertruck's First Crash Results Are Here
- The Tesla Cybertruck has conducted its first public crash test, receiving a five-star safety rating.
- The crash test was conducted by the NHTSA as part of the New Car Assessment Program.
- The Cybertruck received five-star ratings in frontal crash, side crash, and rollover resistance tests.
- Every Tesla vehicle tested by the NHTSA has received a five-star overall safety rating.
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