Chicago battery startup NanoGraf raises $65M
Battery materials startup NanoGraf Corp. raised $65 million to scale up the domestic production of silicon anodes for lithium-ion batteries. NanoGraf's series B capital raise comes on the heels of...
Tesla to open U.S. charging network to rivals in $7.5B federal program
Tesla has 17,711 superchargers, accounting for about 60 percent of total U.S. fast chargers that can add hundreds of miles of driving range in an hour or less. There are...
Volvo chief Jim Rowan cautions rivals on missing out on EV demand
Commenting on his competitors' slower move to electric vehicles, Volvo Cars' new chief Jim Rowan said it's a bad idea to tiptoe toward an electric future while continuing to develop...
Hyundai, Kia offer software fix to combat theft craze
Hyundai, in its statement, said it will also provide its customers with a window sticker alerting would-be thieves that the vehicle is equipped with anti-theft protection. The software "updates the...
Automotive lidar must be solid state and cheaper, Ouster CEO says
Pacala said the Ouster-Velodyne combination "is really about providing a future for tech development and building a business that's financially secure." The merger is expected to save $75 million on...
Why Ford halted F-150 Lightning production, shipments
The delay in production and shipments was first reported by Motor Authority. The F-150 Lightning is a key part of Ford's plans to produce 600,000 EVs annually by the end...
Car prices hit record high as automakers limit output
A shiny new car in the driveway has been an emblem of middle-class prosperity for generations. But for the typical American family, it's now a distant dream. The average monthly...
Nissan recalls more than 460,000 vehicles globally
WASHINGTON — Nissan North America is recalling more than 460,000 vehicles globally because the driver's side airbag cover emblem might detach during deployment, increasing the risk of injury to vehicle...
BorgWarner names CEO, CFO of fuel systems, aftermarket spinoff
Parts supplier BorgWarner Inc. on Tuesday named two longtime executives to serve as CEO and CFO of the proposed spinoff of its fuel parts and aftermarket business, which will be...
Billionaire Vuong will stop putting his own money in VinFast
Billionaire Pham Nhat Vuong has no plans to personally invest any more money in VinFast, the company's CEO said, even as the Vietnamese electric vehicle maker falls behind on factory...