BYD Co. reported its weakest revenue growth in more than a year in a potential sign of the damage discounting has done in China, the world’s biggest auto market.
August 28, 2023electric vehicle News Updates
BYD’s Growth Slows as China’s Auto Price War Takes Its Toll
San Francisco Tests Out Driverless EV Shuttle
San Francisco has launched an autonomous shuttle service less than a week after California regulators approved the expansion of robotaxis despite traffic and safety concerns.
August 18, 2023Proterra’s Bankruptcy Illustrates Challenges for EV Startups
Electric bus maker Proterra Inc. is one of the highest-profile EV company casualties in recent years, but analysts say to expect more.Â
August 16, 2023EV Maker VinFast Soars in Nasdaq Debut
VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. as traders flipped shares of the electric vehicle maker.
August 15, 2023Lordstown Settles Karma Lawsuit for $40 Million
Lordstown Motors Corp. has agreed to pay $40 million to settle a Karma Automotive lawsuit alleging that the company lifted designs and technology to develop its flagship Endurance truck.
August 15, 2023Proterra Got Millions in US Aid Before Bankruptcy
Proterra Inc., the electric bus maker touted by President Joe Biden that filed for bankruptcy this week, was the recipient of millions of dollars in COVID relief government aid.
August 9, 2023Electric Vehicle Tech Maker Proterra Files for Bankruptcy
Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Aug. 7.
August 8, 2023One in Four New Cars Sold in California in Q2 Were EVs
For the first time in California, one out of every four new cars sold in the last quarter were zero-emission vehicles, Gov. Gavin Newsom announced this week.
August 4, 2023Badar Khan to Succeed Retiring Cathy Zoi as CEO of EVgo
Electric-car charging company EVgo Inc. said CEO Cathy Zoi will retire in November and be succeeded by board member Badar Khan.
August 2, 2023Lordstown Ordered to Face Trial Despite Bankruptcy
A Delaware judge permitted vehicle maker Karma Automotive to move forward with an upcoming trial in California against Lordstown Motors Corp. despite Lordstown's filing for bankruptcy. Â
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