By on August 18, 2020

canoo

Canoo Holdings Ltd., creator of highly configurable electric vehicles built atop its proprietary “skateboard” platform, plans to merge with a blank-check firm in order to seek investor cash. If past examples of EV startups going public are any indication, Canoo will soon be valued at eleventy bazillion dollars, give or take a few bucks.

On Tuesday, the company announced a tie-up with Hennessy Capital Acquisition Corp. IV, a special purpose acquisition company, in order to get itself a listing on the Nasdaq. (Read More…)

By on November 17, 2016

Image: Volkswagen 2017 e-Golf VW

In the wake of its diesel emission scandal, Volkswagen proclaimed its destiny as tomorrow’s top dog of electric automobiles. However, its e-Golf never really felt like the future. It felt like the past with an electric motor wedged inside — a strategy many companies took while dipping a toe in the EV pool. The result was a green vehicle with an acceptable, but not very impressive, range.

Well, today at the Los Angeles Auto Show, VW announced that it has made the e-Golf more competitive by extending its legs and broadening its horizons.

(Read More…)

By on May 20, 2016

Tesla HQ

Everyone and their 90-year-old great aunt knows that Tesla is putting all of its might into reaching a volume target of 500,000 vehicles in 2018, but more voices are now calling CEO Elon Musk’s timeline impossible.

Musk wants high-volume production to start in less than two years, but suppliers tell Reuters that the accelerated target is a pipe dream. Will delays in parts sourcing and other nitty-gritty issues throw cold water on Tesla’s plans (and customers’ Model 3 ownership dreams)? (Read More…)

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