Author: Harding Greenwood

Rivian founder and CEO RJ Scaringe will temporarily assume the role of chief marketing officer as part of a broader restructuring aimed at preparing the U.S. electric vehicle maker for the launch of its upcoming R2 SUV next year. The restructuring includes a layoff of more than 600 employees, or about 4.5% of the company’s workforce, Scaringe told staff in an internal email on Thursday. “I am writing to share a difficult update,” Scaringe said in the message to employees. “With the launch of R2 in front of us and the need to profitably scale our business, we have made…

Wallbox has expanded its U.S. residential pilot for bidirectional charging, partnering with Bidirectional Energy to roll out a program reaching 180 homes across California and Connecticut. The initiative follows the company’s first pilot in California last week, which involved six Quasar 2 bidirectional chargers. The program initially targets Kia EV9 owners, allowing them to use Wallbox’s Quasar 2 charger in combination with Bidirectional Energy’s virtual power plant (VPP) platform to lower energy costs, support grid stability, and integrate EVs into the clean energy ecosystem. Participants can receive up to $8,800 in incentives in California and $10,800 in Connecticut to cover…

Chinese electric vehicle manufacturer Yutong has delivered 400 battery-electric buses to Pakistan, marking the country’s largest single order of new energy buses to date. The buses have been deployed in Punjab Province, where they will gradually enter service across 19 cities and districts as part of efforts to modernize public transport. See also: Uzbekistan Expands Tashkent’s Electric Bus Fleet with 202 New Yutong Vehicles The delivery includes Yutong’s E12PRO and E9 models, both adapted to suit local operating conditions. The company said it customized the buses with features designed for Pakistan’s hot climate, including a Nitrogen Protection System to reduce…

Redwood Materials, a U.S. battery recycling and materials manufacturing company founded by former Tesla Chief Technology Officer JB Straubel, has raised $350 million in a Series E funding round to accelerate the expansion of its energy storage and critical materials operations, amid rising demand for energy solutions to power AI infrastructure. The oversubscribed funding round was led by Eclipse Ventures with participation from new strategic investors, including NVentures, Nvidia’s venture capital arm, Redwood said. The company added that the investment reflects strong momentum across its two core business lines — Critical Materials (cobalt, nickel, copper, lithium, and cathode active material)…

Enedym Inc., a Canadian developer of next-generation switched reluctance motors (SRMs) and electric powertrains, has received a strategic investment from Honda Motor Co., Ltd., marking a significant step toward advancing rare earth-free electric motor technologies. The investment, made through Honda Xcelerator Ventures, the automaker’s global open innovation program, will help Enedym accelerate the commercialization of its patented SRM technology and expand its operations. Enedym’s approach eliminates the need for permanent magnets and rare earth materials, addressing both cost and environmental concerns associated with conventional motor designs. See also: Honda Increases Investment in AI Startup Helm.ai to Advance Autonomous Driving Headquartered…

Uber has rebranded its eco-friendly ride option from “Uber Green” to “Uber Electric,” marking a new phase in the company’s push toward sustainable mobility. The change, effective globally starting Wednesday, comes alongside new incentives for both riders and drivers as Uber seeks to strengthen its electric vehicle (EV) strategy. The company said the new name “reflects record EV growth on our platform, making it easier for riders to choose zero-emissions rides.” More than 200,000 electric vehicles now operate across Uber’s global network, with one in four customers reporting that their first EV experience was through the Uber app. See also:…

Subaru’s updated 2026 Solterra electric SUV will feature a built-in North American Charging Standard (NACS) port, granting owners access to more than 25,000 Tesla Superchargers across North America. The move follows a similar announcement from Toyota and marks Subaru’s latest step toward expanding charging convenience for its EV customers. The 2026 Solterra, which has received a major overhaul, includes increased driving range, enhanced power, faster charging, and refreshed interior and exterior styling. Subaru said the new Solterra is its first model to feature a native NACS port with Plug & Charge capability, allowing drivers to start and pay for charging…

Tesla reported record quarterly revenue but missed Wall Street profit expectations for the third quarter of 2025, as the electric carmaker faced shrinking margins amid ongoing price cuts and reduced regulatory credit income. The company said late Wednesday that it earned $0.50 per share (non-GAAP) in the third quarter, below analysts’ consensus estimate of $0.55. Revenue came in above expectations at $28.1 billion, compared with Wall Street’s projection of $26.5 billion. Despite achieving its highest-ever quarterly sales, Tesla’s operating income fell 40% year-on-year, while its gross margin dropped to 18% from 19.8% a year earlier. See also: Tesla Q3 Deliveries…

Citroen has officially unveiled its first single-seater race car ahead of its debut campaign in the ABB FIA Formula E World Championship. The Stellantis-owned brand, long celebrated for its rally and touring car heritage, revealed its Gen3 Evo challenger at a high-profile launch event in Paris. The car will take to the track next week for pre-season testing. See also: Mahindra Racing Reveals Striking New Metallic Red and White Livery for 2025/26 Formula E Season Testing begins on Monday at Spain’s Circuit Ricardo Tormo in Valencia, while the 2025 Formula E season is set to open in São Paulo on…

General Motors’ third-quarter 2025 earnings presentation underscored how the automaker’s pivot toward software and subscription-based services is evolving from an emerging strategy into a major source of profitability. The company reported about $2 billion in year-to-date revenue from its digital ecosystem, which includes OnStar and the Super Cruise hands-free driver-assistance system—both of which are rapidly expanding across GM’s lineup. See also: General Motors Lifts Full-Year Outlook, Trims Tariff Impact After Solid Q3 Results A key signal of the division’s momentum is deferred revenue, which reached nearly $5 billion by the end of Q3, marking a year-over-year increase of more than…

Digital Charging Solutions (DCS) has unveiled a new fleet application designed to simplify how companies manage, monitor, and pay for electric vehicle charging. The platform enables centralised billing and real-time oversight of charging activities, covering not only DCS’s own Charge Now network but also charging services operated by several major automakers. The system links individual driver accounts to a company account, allowing businesses to automatically handle payments and consolidate invoices. “Charging is billed automatically for drivers and payment is bundled for the company. Fleet drivers benefit from the same features, rates and brand experiences as private customers,” said BMW, which…

Ford is rolling out a series of incentives and financing deals for the 2025 F-150 Lightning through the end of October, including interest-free financing, nationwide lease offers, and cash-back incentives of up to $3,000. The automaker has also extended its Ford Power Promise program through December 2025, which includes a complimentary home charger and standard installation for customers who purchase or lease the all-electric pickup. See also: 2026 Ford F-150 Lightning Adds “Phone As Key” Feature for Smarter Access The offers vary by region, but national deals include a $465-per-month lease for 36 months on the 2025 F-150 Lightning XLT…