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Battery technology firm Sila receives $1.4 billion Pentagon loan commitment
2+ day, 3+ hour ago (192+ words) Aug 7 (Reuters) – Sila said on Friday it had received a conditional loan commitment of up to $1.4 billion from the U.S. Department of Defense for the expansion of its silicon-carbon anode and lithium-ion battery cell manufacturing facilities. “This commitment executes…...
FCC chair says robot import restrictions aim to boost US production
3+ day, 8+ hour ago (201+ words) WASHINGTON, Aug 6 (Reuters) - Federal Communications Commission Chair Brendan Carr said on Thursday that new restrictions that target imports of new Chinese robots and power inverters are to quickly incentivize U.S. production and address national... WASHINGTON, Aug 6 (Reuters) â Federal…...
Republican senators propose to repeal California emissions rules
3+ day, 10+ hour ago (152+ words) WASHINGTON, Aug 6 (Reuters) - Four Republican U.S. senators on Thursday proposed repealing landmark California vehicle emissions rules in a bid to prevent the state from imposing stricter tailpipe requirements than the federal government. The U.S... WASHINGTON, Aug 6 (Reuters) â Four Republican…...
SpaceX says Terafab to be built in Texas with initial investment of $16.8 billion
3+ day, 10+ hour ago (125+ words) Aug 6 (Reuters) – SpaceX and Tesla will initially invest $16.8 billion to build Terafab, Elon Musk’s planned advanced AI chip manufacturing complex in Grimes County, Texas, the aerospace company said on Thursday. Terafab is intended to narrow the gap between existing global…...
Ford’s new EV truck Fathom to be priced starting at about $28,000
3+ day, 11+ hour ago (270+ words) DETROIT, Aug 6 (Reuters) – Ford Motor said on Thursday that its upcoming midsize electric pickup truck would be priced starting at about $28,000 and named Fathom, as the Michigan automaker looks to offer an affordable model in a market full of pricey…...
Corpay lifts annual forecasts, to sell non-core UK vehicle payments business
4+ day, 3+ hour ago (235+ words) Aug 5 (Reuters) – Business payments platform Corpay raised its full-year forecasts and reported higher second-quarter profit on Wednesday, helped by continued growth in its corporate and vehicle payment divisions. Despite economic uncertainty and elevated interest rates, business spending held up through…...
Amazon’s Zoox to start paid robotaxi rides in Vegas next week
4+ day, 9+ hour ago (330+ words) SAN FRANCISCO, Aug 5 (Reuters) – Amazon’s Zoox will begin paid rides in Las Vegas next week, the company said on Wednesday, days after the U.S. road safety agency allowed commercial deployment of its robotaxis that run without human controls. Zoox,…...
Lucid plans to save $1.4 billion in 2026 from cost cuts as losses mount
5+ day, 4+ hour ago (369+ words) SAN FRANCISCO, Aug 4 (Reuters) – U.S. EV maker Lucid said on Tuesday it is aiming to save $1.4 billion in cash this year, primarily through production and inventory cuts, as part of a major business review, after mounting losses in the second…...
BYD debuts first Brazilian-made plug-in hybrid flex car as sales surge
5+ day, 11+ hour ago (365+ words) SAO PAULO, Aug 4 (Reuters) – Chinese automaker BYD is launching its first Brazilian-made plug-in hybrid flex-fuel car on Tuesday after a two-year investment of 100 million reais ($19.6 million), the company’s top executive in the country told Reuters. The Song Pro Super-Hibrido Flex…...
Tesla’s July China-made EV sales rise 37.8% y/y
5+ day, 13+ hour ago (264+ words) BEIJING, Aug 4 (Reuters) – Tesla’s China-made electric vehicle sales rose 37.8% in July from a year earlier, marking the ninth straight month of growth as the U.S. automaker reports a mixed performance across its markets. Sales of Model 3 and Model Y…...