Mercedes-Benz AG will source carbon-neutral lithium hydroxide to build batteries for electric vehicles from a Vancouver-based mining startup. Starting in 2026, the agreement with Rock Tech Lithium will provide Mercedes-Benz AG with an average of 10,000 tons of battery-grade lithium hydroxide per year — enough for around 150,000 electric vehicles. Mercedes-Benz, which sells about two […]
Tesla reported Wednesday reported revenue of $21.45 billion in the third quarter, another record-setting period that still missed analysts expectations. Shares fell 3.5% in after-hours trading following the earnings release. Tesla’s net income for the third quarter was $3.3 billion nearly double the $1.62 billion it earned in the same period last year. The company […]
RJ Scaringe, CEO and founder of electric vehicle maker Rivian, said Wednesday the company has fixed a “significant majority” of the more than 12,000 vehicles that were recalled earlier this month. On the ZebethMedia Disrupt stage, Scaringe gave the audience a postmortem on how Rivian solved the issue that caused the company to voluntarily recall […]
Shared micromobility company Bird is exiting several markets across the world as it struggles to build an economically viable business, according to a regulatory filing. Bird said it will “fully exit Germany, Sweden and Norway, as well as wind down operations in “several dozen additional, primarily small to mid-sized markets” across the U.S., Europe, the […]
Rolls-Royce plans to deliver its first EV, the Spectre two-door coupe, to customers late next year as it transitions toward becoming a fully electric brand by 2030. The company estimates that the Spectre will travel up to 260 miles on a fully charged battery, deliver 577 horsepower and zip from 0 to 60 mph in […]
Foxconn, the Taiwanese manufacturing giant that makes Apple’s iPhones, unveiled Tuesday two electric vehicle concepts at its third annual Hon Hai Tech Day as the company tries to diversify its business and take on the automotive market. The two vehicles, a Model V electric pickup truck and Model B electric crossover hatchback, is a message […]
Cadillac confirmed Monday that its forthcoming flagship Celestiq sedan will launch late next year with all of the futuristic bells and whistles befitting a bespoke EV starting “north of $300,000.” The Celestiq isn’t just a flagship for the GM luxury brand. The four-seater is slated to set the direction for the brand’s transition to a […]
Years ago, Cadillac was associated with luxury and performance. Today, in an effort to claw its way back to the top of the luxury heap, the U.S. automaker unveiled Monday the production Cadillac Celestiq, a hand-built, bespoke behemoth fastback sedan that adheres closely to the concept it unveiled in July of this year. The vehicle, […]
The battery-electric Celestiq sedan, which starts “north of $300,000,” is tasked with more than restoring Cadillac to its former glory; it now must back executives’ bold claim to “reestablish the iconic brand as the standard of the world.” But with a price tag more than three times the average transaction price of a vehicle from […]
Apple is bringing its immersive surround-sound audio product to vehicles through a partnership with Mercedes-Benz and Universal Music Group, the latest example of the tech company’s push into automotive. For the first time, Spatial Audio with Dolby Atmos from Apple Music will be natively integrated into the car, starting with the Mercedes-Maybach S-Class, the Mercedes-Benz […]
