Momenta Hong Kong IPO Filed: Why Toyota’s Self-Driving Partner Abandoned Wall Street
Momenta, the autonomous driving startup powering self-driving systems for BMW, Mercedes-Benz, and Toyota, has filed for a Hong Kong IPO
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Momenta, the autonomous driving startup powering self-driving systems for BMW, Mercedes-Benz, and Toyota, has filed for a Hong Kong IPO
A record wave of electric vehicle lease returns is set to flood the used car market in 2026, creating what analysts are calling an “EV avalanche” that could dramatically reshape pricing dynamics and deliver unprecedented opportunities for budget-conscious buyers. At least 243,000 EV leases will expire in 2026, with the figure potentially reaching 330,000 vehicles,…
A groundbreaking vehicle-to-grid project at California’s Redwood Coast Airport is demonstrating how electric vehicles can serve as more than just transportation—they’re becoming mobile power plants that strengthen grid resilience and reduce costs. PG&E, Nissan, Fermata Energy, and the Schatz Energy Research Center at Cal Poly Humboldt have successfully integrated two previous-generation Nissan Lea
Toyota began production Wednesday at its $13.9 billion North Carolina battery plant and announced an additional $10 billion investment over five years—a massive bet on hybrid vehicles timed perfectly with the Trump administration’s rollback of EV mandates. The facility in Liberty, North Carolina, marks the world’s largest automaker’s first battery plant outside Japan and validates…
Toyota has reaffirmed its commitment to launching solid-state battery electric vehicles by 2027-2028, promising revolutionary 40-year battery lifespans and over 621 miles of range. But with a decade-long history of missed targets and competitors already testing similar technology on public roads, the world’s largest automaker faces a critical credibility test in the global race to…
Bentley CEO Frank-Steffen Walliser has publicly acknowledged that electric vehicle acceptance has hit an “all-time low” while announcing the luxury automaker’s next new model will be a petrol-powered Supersports performance car—not the EV the company promised just three years ago. The admission comes in a rare interview with The Sunday Times published November 8, marking…
Honda Motor Co. cut its annual profit guidance by 21% on Friday, citing a critical semiconductor shortage and plummeting Asian demand while confirming the Japanese automaker now expects electric vehicles to comprise just 20% of global sales by 2030, reports Bloomberg. The announcement marks the latest setback in Honda’s year of cascading retreats from electrification…
General Motors is laying off more than 3,300 electric vehicle workers across Michigan, Ohio, and Tennessee as the automaker slashes EV production following the expiration of federal tax credits. The cuts represent one of the most significant workforce reductions in the industry since the $7,500 EV incentive ended on September 30, 2025. The layoffs come…
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