Up-and-coming Chinese EV maker NIO’s stock is falling after announcing a proposed total of $1 billion in convertible senior notes on Monday. NIO revealed in an SEC filing it plans to issue two batches of $500 million notes, convertible to American depository shares (ADS) with long-dated maturities in 2029 and 2030. The EV maker plans […]

British Prime Minister Rishi Sunak is considering weakening the UK’s commitments to net zero in a bombshell policy shift. The UK’s gas car phase-out rollback Sunak is preparing to present the rollbacks in a speech he’s expected to deliver in days. Downing Street isn’t denying the rollbacks. After seeing documents, the BBC says he may […]

Less than two years after sharing expansion plans for Europe, US-based battery recycling specialist Redwood Materials is adding Germany to its map of locations. Today, the company announced the acquisition of Redux Recycling GmbH – the leading lithium ion battery recycler in the EU, as it looks to quickly expand its operations overseas. Redwood Materials […]

A New Zealand-based startup just got $18 million to commercialize graphite made of wood chips for EV batteries in Europe and the US. Graphite made of wood chips and sawdust Swedish-Finnish renewable forestry giant Stora Enso, Hong Kong-based battery maker Amperex Technology (ATL), and other partners are investing in CarbonScape, which uses forestry and timber industry […]

The best price ever is now available on the Segway SuperScooter GT1 at $1,500. Now live with $1,300 in savings attached, you’ll also be able to lock-in a new low on Sun Joe’s 1,450 PSI electric pressure washer at $87. We also have some Rad Power cargo e-bikes, but if those don’t fit your EV […]

A new Kia electric crossover was spotted testing in the US, which appears to be the upcoming EV4. The EV4 is expected to be Kia’s entry-level subcompact electric crossover with starting prices under $30,000. Kia’s EV4 electric car spotted testing ahead of debut Kia has already revealed its flagship EV9 electric SUV and smaller EV5, […]

Hospitality group Marriott International has announced an agreement with charging services provider EV Connect to implement and manage chargers across thousands of hotels in the US and Canada. The news comes weeks after Hilton Hotels announced a similar agreement with Tesla. Marriott International is a hotel group consisting of 31 different brands that make up […]

As it looks to make up for lost time, Toyota is giving us a glimpse of its next-gen EV production line with modern technology like Giga casting, self-propelled assembly lines, and robots to transport finished vehicles. Electric vehicle sales continue ramping at a record pace. By the end of 2023, global EV sales are expected […]

Bankrupt crypto exchange FTX is looking to claw back luxury property and “millions of dollars in fraudulently transferred and misappropriated funds” from the parents of Sam Bankman-Fried, the exchange’s disgraced ex-CEO and founder. In a Monday court filing, lawyers representing the bankruptcy estate of the failed exchange alleged that Allan Joseph Bankman and his wife, […]