Vietnamese EV maker VinFast reported staggering third-quarter losses of $910.85 million, nearly double the $503 million lost in the same period last year, as the company’s premium pricing strategy crumbles under pressure from cost-efficient Chinese competitors. Despite achieving 47% revenue…
Rivian Automotive is strategically spinning out its internal technology projects, including an e-bike division and an AI robotics firm, into new, externally-funded startups. This move, reported by Bloomberg, allows Rivian to monetize its engineering expertise and secure new funding without…
Rivian CEO RJ Scaringe sent an internal memo to employees Thursday announcing the company’s third workforce reduction in four months, cutting roughly 600 jobs as the electric vehicle maker struggles with collapsed post-tax-credit demand. The carefully worded message emphasized “structural…
Rivian‘s micromobility spinoff Also unveiled its first electric bike today alongside a major commercial partnership with Amazon, marking the EV maker’s expansion into urban transportation solutions for trips under 15 miles. Also announced the TM-B electric bike at an event…
Ever dreamed of blasting through trails with drone-like precision and power? DJI’s Amflow PL Carbon, now available in the U.S. shops, delivers just that with its Avinox motor. But at $7,499, does it outshine the $200-cheaper Specialized Levo? The electric…
VinFast Auto Ltd., a Vietnamese electric vehicle (EV) manufacturer, has secured a $510 million private credit loan from Deutsche Bank AG and SeaTown Holdings International to fuel its ambitious global expansion, reports Bloomberg. This financial boost, announced on July 4,…
California police are leveraging drones to pursue riders of illegal e-bikes and non-street-legal electric motorcycles, reshaping enforcement in the electric vehicle landscape. In Desert Hot Springs, a suspect on a minibike fled police but was tracked to his home by…
Florida’s fire marshal Jimmy Patronis has issued a stark warning about the potential hazards of electric vehicles and other lithium-ion battery-powered devices as Hurricane Milton approaches. The Category 5 storm, expected to make landfall on Florida’s central west coast, could…
Saranac Lake Police are rolling out a fresh approach to patrolling, bringing officers closer to the community. Soon, they’ll trade patrol cars for e-bikes patrols, navigating places previously out of reach by vehicle. Chief Darin Perrotte highlighted the uniqueness of…
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