Electric pickup truck maker Lordstown Motors announces deal to go public at $1.6 billion

Electric pickup truck maker Lordstown Motors announced today a new deal to go public through a reverse merger at a $1.6 billion valuation.
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U.S. Energy Savings Due to Light-Duty Plug-In Electric Vehicle Use Estimated at 44.8 Trillion Btu in 2019

Due to their efficiency, plug-in electric vehicles reduce the amount of energy used by light-duty vehicles compared to their internal combustion engine counterparts. According to the U.S. Department of Energy data, estimates show that the energy saving…

Evergrande announces first six Hengchi models

The extremely ambitious electric car plans of the Chinese Evergrande Group are becoming a bit more concrete again: Evergrande has now announced the first six models to be offered under the Hengchi brand. They are numbered quite simply from 1 to 6 (Hengchi 1 to Hengchi 6) and include various body styles from limousines to […]

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Electric racing series eRX2 to launch in 2021

The FIA officially unveiled the new all-electric eRX2 championship, which will start in 2021 as the support series for the FIA World Rallycross Championship. The eRX2 is a joint venture between the Spanish eMobility specialist QEV Technologies, Olsbergs MSE and RX Promotion. The ‘regular’ RX2 is a newcomer series in rallycross, i.e. short sprint races […]

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Elon Musk on Tesla Cybertruck: The goal is to kick most amount of ass possible with this truck

Elon Musk made new comments on the Tesla Cybertruck – saying that “the goal is to kick the most amount of ass possible with this truck.”
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