BYD & Nio gather billions in funds

Chinese electric manufacturers BYD and Nio have raised fresh money. While BYD raised around 3.9 billion US dollars through the sale of new shares, Nio successfully placed two bonds totalling 1.5 billion US dollars. BYD‘s shares, which are traded on the Hong Kong Stock Exchange, have gained around 400 per cent in value over the […]

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Lightning eMotors Adds Production Capacity, Space to Meet Growing Demand From Fleets for Electric Vehicles

Lightning eMotors is expanding to meet the growing demand for electric vehicles from commercial and government fleets. Three and a half years ago, Lightning eMotors moved its headquarters, manufacturing, and research and development into the nearly one…

SpaceX aborts several Starship static fire attempts, rolls test tank to the pad

Accidentally producing the polar opposite of Starship serial number 9 (SN9) completing a trio of Raptor ignition tests in four hours last week, SpaceX has now suffered three back-to-back static fire aborts on January 20th. On January 13th, Starship SN9 somewhat successfully ignited its Raptor engines three separate times with zero hands-on human intervention or […]

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Tesla’s monster 4680 battery plant in Giga Berlin receives federal gov’t pre-approval

Tesla has secured permission to begin preparations for the construction of a massive 4680 battery production facility near Gigafactory Berlin. The permission was granted by the Federal Ministry of Economics, which noted that the electric car maker could “begin measures temporarily,” at its own risk.  As noted in a report from BZ-Berlin, the update came as […]

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Electric bicycles projected to outsell cars in Europe, and it’s sooner than you’d think

Electric bicycles already make up the largest growth sector in the bicycle market (and in some places, the only growth sector in the bicycle market).
Now new figures indicate that the rapid growth in e-bikes could see them eventually outsell cars in …