Tag: electric vehicles
Waymo expands first external investment round to $3 billion
Waymo has added an additional $800 million to the $2.25 billion funding round that it first announced in March, bringing the total size of the financing (its first from investors outside of Alphabet) to $3 billion. The extension comes from new investors including those managed by T. Rowe Price, Perry…
Read More
Ford cancels Lincoln electric vehicle program with Rivian
Lincoln Motor, the luxury brand under Ford, has canceled plans to build an all new electric vehicle based on Rivian’s skateboard platform. Crain’s Detroit reported that dealers were informed Tuesday. Rivian and Ford said in a statement sent to TechCrunch that this was a mutual decision based on the current…
Read More
An LA-led, public-private partnership pitches a $150B green infrastructure package to Congress
Representatives from the government and the utility managing the power of Los Angeles are proposing a sweeping infrastructure package worth roughly $150 billion centered on the broad electrification of transportation and industry. Drafted by the Los Angeles-based public-private Transportation Electrification Partnership, a collaboration between the Office of Mayor Eric Garcetti,…
Read More
EV startup Byton furloughs half of its 450-person staff in the US
China-based electric car startup Byton has furloughed about half of the 450 employees who work at its North American headquarters in Santa Clara, Calif., putting the release date of the automaker’s upcoming M-Byte vehicle into question. Byton told TechCrunch the furloughs were the result of the COVID-19 pandemic. The intention…
Read More
TuSimple partners with supplier ZF to mass produce self-driving truck tech
Self-driving truck startup TuSimple is partnering with automotive supplier ZF to develop and produce autonomous vehicle technology, such as sensors, on a commercial scale. The partnership, slated to begin in April, will cover China, Europe and North America. The two companies will co-develop sensors needed in autonomous vehicle technology such…
Read More
Rivian shuts down all facilities over COVID-19 pandemic concerns
Rivian, the buzzy electric vehicle startup that is backed by Amazon and Ford, is shutting down all of its facilities due to the spread of COVID-19, the disease caused by coronavirus. Rivian employs more than 2,000 workers across several locations, including its headquarters in Plymouth, Mich., a factory in Normal,…
Read More