Heavy-duty electric bus maker Proterra Transit just rose from the ashes because Phoenix Motor (Nasdaq: PEV) officially acquired it from bankrupt Proterra Inc. Earlier this week, Phoenix Motor received approval from the US bankruptcy court to close the deal and announced its finalization today. This means that Proterra Transit’s heavy-duty electric transit buses will now be added to Phoenix’s […]
LG Electronics just launched its first EV charger factory in the US, and it has an annual capacity of 12,000 units. The new 100,000-square-foot EV charger factory is in Fort Worth, Texas, where Seoul-headquartered LG Electronics already has a 1 million-square-foot distribution center for consumer electronics and home appliances. Starting this month, the first EV […]
The HD division of Hyundai brought some seriously impressive technology to CES 2024, which includes a full-scale version of its AI-powered Concept X excavator, a sneak peek at invisible implement technology, and some autonomous hardware that looks ready for prime time. HD Hyundai concept X + Xite Transformation First shown as a scale model of […]
Digital weight loss company Noom announced its commercial business, Noom for Work, is partnering with Liviniti, a national pharmacy benefit manager, to offer plan sponsors and their employees a digital GLP-1 Companion for chronic weight conditions. GLP-1s, or glucagon-like peptide-1 receptor agonists, are a class of medications used in the treatment of type 2 diabetes […]
BYD is significantly lowering EV prices in Germany to extend its global lead. The automaker slashed prices by up to 15% on its most popular EVs. BYD cuts EV prices in Germany in overseas expansion After overtaking Tesla in EV sales in the last three months of 2023, BYD aims to extend its lead in […]
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. U.S. stocks were lower Friday as markets digested fourth-quarter earnings results and a fresh batch of economic data. The producer price index , a gauge of wholesale prices, declined […]
Volvo has joined Tesla in stopping its EV production in Europe due to the threat of violence from Iran-backed Houthi fighters attacking commercial ships traveling in the Red Sea. As Electrek reported yesterday, Tesla has halted its Berlin gigafactory for about two weeks, from January 29 to February 11, due to a lack of components […]
Tesla has delivered one of the very first Cybertrucks to a customer who is not a Tesla employee and it came with some ridiculous panel gaps. A rear panel even looks like it is falling off. How is Tesla not catching those issues before delivery? In the past, Tesla has often been criticized for its […]
Porsche Taycan sales picked up toward the end of 2023, with over 40,600 electric models handed over last year. The Taycan followed the Porsche 911 with double-digit sales growth in 2023. Porsche Taycan sales growth in 2023 “The Taycan is and will remain a success story,” Lutz Meschke, Deputy Chairman of the Executive Board at […]
The NHS is rolling out an expanded mental health support service for Armed Forces As a result, NHS England has redesigned the service, with a focus on boosting self-referrals, as well as the addition of enhanced addiction support, and today kicked off an awareness campaign highlighting the service which supports veterans, reservists, and service leavers. […]
