Rivian Automotive is the brightest rising star in the EV firmament at the moment, and it’s flush with cash following a $11.9 billion stock offering in November. Now the company has announced plans to put some of that nest egg to work at a new $5-billion battery and assembly plant east of Atlanta, which is… Read more »
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Carbon Counter charts emissions and price of all US auto models
How green is an EV? A PHEV? A hybrid? Most Charged readers understand that the answer depends on many factors, including the efficiency of a particular model, the region in which it operates, and the type of driving it’s used for. The clever folks at MIT have devised the ingenious Carbon Counter, an online tool… Read more »
Rivian becomes one of the world’s most valuable automakers—with no revenue
Are investors farsighted or foolhardy? A little of both, in our view—but there’s no question that Wall Street believes in an electric future. EV startup Rivian went public last week, raising nearly $12 billion to give the company a valuation of around $77 billion. Since then, RIVN stock has soared, making the company one of… Read more »
GM teases electric Chevy Equinox and Blazer
GM has promised to launch 30 new EV models by 2025, and the automaker teased a couple of these at the recent From Automaker to Platform Innovator event for investors. GM President Mark Reuss said that Chevrolet will launch an electrified version of the Equinox. “The Chevrolet crossover you see up here is an Equinox… Read more »
Ford and Redwood Materials to collaborate on battery recycling
Redwood Materials, the battery materials firm founded by Tesla cofounder JB Straubel, has announced a partnership with Ford. The two companies will work together to “create a closed loop for battery recycling and a domestic supply chain for critical battery materials.” Ford also made a strategic investment of $50 million in Redwood. “Excited to work… Read more »
2022 Hyundai Ioniq 5: First of an aggressive wave of new EVs
The 2022 Hyundai Ioniq 5 should be taken very seriously when it goes on sale this fall. It will be a new and likely very competitive entry in what will soon become a crowded field of EVs in the popular “compact crossover” segment. It’s not the first such EV: the Ford Mustang Mach-E, Tesla Model… Read more »
Ford raises its EV game: 40% pure EVs by 2030, new platforms, new battery initiatives and more
In a virtual meeting with investors, Ford outlined a plethora of plans to expand its electrification efforts. There was a big bundle of news, which will take the media some days to fully unpack, but the gist of it is that, under a plan dubbed Ford+, the automaker will be allocating capital to three priority… Read more »
Kia releases official specs for US-market EV6 electric crossover
In March, Kia teased us with some exterior and interior images of the EV6 electric crossover, the automaker’s first dedicated (that is, not adapted from a legacy vehicle) EV. Now the automaker’s American division has confirmed official specs for the version destined for the US market. The EV6 will be available with two powertrain configurations… Read more »
2022 Chevrolet Bolt EUV: Chevy’s lowest-priced electric car gets a big brother
US drivers see the Bolt EUV as a larger, better-equipped version of Chevy’s first modern electric car. But the EUV first went into production last year in China—as a Buick. If it were a person, you might almost feel sorry for the 2022 Chevrolet Bolt EUV, which was launched in February. It’s a brand-new vehicle,… Read more »
Global plans for 80 new battery Gigafactories won’t be enough says ABB-sponsored report
As demand for EVs escalates, the supply of batteries could become a bottleneck. Global firms are collectively planning to build 80 new battery gigafactories (sorry Tesla, but everyone’s calling them that now). A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media suggests that this won’t be sufficient…. Read more »