NewsRoom Articles - Page 81 of 122

MondayNov 22, 2021 9:30 am

Rivian Automotive Inc. (NASDAQ: RIVN) Cruises to $100B Valuation after IPO

Rivian Automotive (NASDAQ: RIVN), an electric vehicle (“EV”) startup that has been compared to Tesla, recently went public in an IPO that is said to be the biggest for an American company since Facebook — and the biggest in the world this year. The California-based electric truck maker went public on Wednesday with its shares trading at $78 each, but by the end of its first day as a publicly traded company, Rivian shares were trading at more than $100, giving the company a valuation of $88 billion. On Thursday, Rivian’s shares went up by 30%, pushing the company’s valuation to…

FridayNov 19, 2021 9:30 am

Researchers Explore How EV Batteries Can Power Homes

Electric vehicles (“EVs”) are poised to play a significant role in global efforts to reduce greenhouse gas emissions. As several governments around the world pledge to work toward carbon neutrality and issue increasingly strict emission standards, EV start-ups and established automakers have been busy developing new EV lines. Since EVs rely on lithium-ion batteries and electric motors to run, the vehicles produce zero emissions at the tailpipe, making them the perfect choice for a carbon-neutral economy. For the past couple of years, some companies in the EV space have been evaluating a bi-directional battery technology that would allow electric cars…

ThursdayNov 18, 2021 9:57 am

Electric Vehicle Battery Rocks on Seabed Sufficient for a Billion EVs

Battery electric vehicles (“EVs”) have been touted as one of the best ways to reduce emissions from the transportation sector and help put a stop to the effects of climate change. But while the EVs themselves produce zero emissions at the tailpipe, manufacturing EVs is anything but clean. For starters, mining the metals used to make EV batteries has a massive toll on the environment, burning plenty of fossil fuels, destroying the environment and producing billions of tons of waste. Now a company operating on the coast of San Diego may have found the answer battery and EV makers have…

WednesdayNov 17, 2021 1:27 pm

Toyota Announces Its First Mass-Produced EV

Japanese automaker Toyota has made the first major step toward electrifying its lineup. While Toyota pioneered the hybrid engine more than two decades ago with the Prius, it still hasn’t made a significant investment in battery electric vehicles (“EVs”) compared to other established automakers. That may soon change now that Toyota has unveiled details about its first mass-produced all-electric car, the bZ4X. The electric SUV will come with a 71.4kWh battery with around 310 miles of range. According to Toyota, the accompanying 150kW DC charger will be able to recharge the EV to 80% in only 30 minutes. There will…

TuesdayNov 16, 2021 9:35 am

Congress Passes Biden’s Infrastructure Bill

President Joe Biden recently scored his first major win in the White House after the U.S. House of Representatives passed his gargantuan $1.2 trillion infrastructure bill. The historic bill, which allocates billions of dollars to electric vehicles (“EVs”) and public charging infrastructure, passed the Senate in August and is now headed to Biden’s desk for his signature. The nascent electric vehicle industry and ancillary sectors will be major beneficiaries, with the bill earmarking $7.5 billion for the development of a nationwide network of charging stations. Furthermore, $65 billion will be invested in clean energy and renewables to reduce the electricity…

MondayNov 15, 2021 9:30 am

Lyft, Inc. (NASDAQ: LYFT) and Uber Technologies, Inc. (NYSE: UBER) Could Be Hit by Switch to EVs

Before Uber (NYSE: UBER) and then Lyft (NASDAQ: LYFT) came onto the scene, traditional taxi cabs reigned supreme on the roads. However, the ride-hailing apps quickly edged out taxi cabs as they allowed for speed and flexibility that taxis just couldn’t match. As long as you had the Uber or Lyft app, you could order a ride and have it there within just a couple of minutes. After nearly a decade in the game, ride-hailing apps are now facing mounting competition from electric vehicles. With the country on track to electrify its transportation sector as part of its environmental conservation…

MondayNov 15, 2021 8:00 am

Mullen Automotive Inc. (NASDAQ: MULN) Is ‘One to Watch’

Mullen Automotive is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life The company commenced trading on the Nasdaq Capital Market on November 5, 2021, following a stock-for-stock merger with Net Element Inc. The Mullen FIVE EV Crossover, debuting at the Los Angeles International Auto Show (“LAIAS”) on November 17, 2021, is currently open for reservations The global EV market is forecast to grow at a CAGR of 22.6% through 2027 Mullen is led by CEO and Founder David Michery, a seasoned executive with more than…

FridayNov 12, 2021 9:30 am

EV Manufacturer Rivian Hopes for $53 Billion Valuation During IPO

Weeks after unveiling the industry’s first mass-production electric truck, American electric vehicle (“EV”) maker Rivian is poised for an initial public offering (“IPO”) on the NASDAQ stock exchange that could see it achieve a valuation of $53 billion. Documents filed with the Securities and Exchange Commission (“SEC”) in New York indicate that Rivian plans on issuing 135 million shares at $57 to $62 to raise $8.4 billion in capital. With a $53 billion valuation, Rivian would be more valuable than carmakers such as Kia and Nissan. The California-based company has already had plenty of investor interest, attracting major players in…

ThursdayNov 11, 2021 10:45 am

Familiar Driving Rituals That Have Changed with Electric Vehicles

Electric vehicles (“EVs”) have revolutionized vehicular travel as we know it. After more than a century of dominating the roads, internal combustion engine (“ICE”) cars have found a worthy competitor in the silent but powerful EV. Several countries around the world have begun efforts to combat climate change by reducing their emissions, and this involves steadily replacing their ICE cars with zero-emission EVs. Electric vehicles draw power from massive battery packs rather than combustion engines, making for an interestingly different experience for drivers used to conventional cars. For starters, forget about car keys because it’s all about key fobs, key…

WednesdayNov 10, 2021 9:30 am

Tesla Inc. (NASDAQ: TSLA) Setting Standard for EVs, VW Boss Admits

The electric vehicle (“EV”) industry as we know it probably wouldn’t have existed if it wasn’t for Tesla (NASDAQ: TSLA). When the California-based EV maker first unveiled the Tesla Roadster in 2008, the Toyota Prius was the only vehicle on the market that had an electric motor. The Roadster was the first highway-legal, mass-produced all electric vehicle and, interestingly, the first production vehicle to be launched into deep space. More than a decade later after the Roadster revolutionized vehicular transportation, Tesla is the largest EV maker and the most valuable car company in the world. Without a doubt, Tesla is…

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