evs - Tech News from Simmons Systems (Page 2)

Tech News from Simmons Systems

evs

A collection of 35 posts

California Regulators Mandate Complete Phase-Out of New Gas Cars by 2035

California air regulators approve a historic rule banning the sale of new gasoline-powered vehicles by 2035, setting strict interim quotas for zero-emission car sales. The groundbreaking mandate is expected to trigger similar bans in numerous other states across the country.

Polestar CEO Envisions Parked Electric Vehicles as Grid Energy Buffers

Polestar plans to expand its lineup with bidirectional charging, allowing parked EVs to feed energy back into the power grid. CEO Thomas Ingenlath views these stationary vehicles not as wasted assets, but as crucial components of future energy solutions.

Automakers Pour $38 Billion Into US Battery Plants to Fuel EV Shift

Automakers and suppliers invest heavily in domestic battery factories to secure EV supply chains. New federal tax credits accelerate this push to reduce reliance on foreign materials.

BMW and Toyota Join Forces to Develop Hydrogen Fuel Cell Vehicles by 2025

BMW and Toyota are partnering to jointly produce hydrogen fuel cell vehicles as early as 2025. This collaboration allows both automakers to hedge their zero-emission investments while leveraging Toyota's deep experience with the technology.

BMW and Toyota Join Forces to Develop Hydrogen Fuel Cell Vehicles

BMW and Toyota are partnering to produce hydrogen fuel cell vehicles by 2025, blending Toyota's fuel cell expertise with BMW's flexible vehicle platforms. The collaboration serves as a strategic hedge for both automakers as they navigate the transition to zero-emission transportation.

Biden Signs CHIPS Act to Revitalize US Semiconductor Manufacturing

President Biden signs the CHIPS and Science Act of 2022 into law, allocating $52.7 billion to boost domestic semiconductor production and reduce reliance on foreign supply chains.

Nikola Delays Shareholder Vote Again to Secure Stock Expansion Approval

Electric truck maker Nikola pushes its annual meeting to mid-July as it seeks more votes to approve issuing 200 million additional shares. The company faces pushback from founder Trevor Milton amid ongoing struggles to bring its Tre semi truck to market.

CES 2022 Wraps Up Early Amid Pandemic Shifts

The Consumer Electronics Show concludes a day early as COVID-19 prompts major tech brands to opt for virtual presentations instead of in-person showcases. Remote coverage still highlights major unveilings across smartphones, laptops, and futuristic vehicles.

Electric Truck Maker Rivian Reaches $86 Billion Valuation in Historic IPO

Rivian starts trading on the Nasdaq after raising nearly $12 billion, giving the Normal-based EV startup a market value comparable to Ford and General Motors.

Hertz Orders 100,000 Teslas in $4 Billion Electric Fleet Push

Hertz orders 100,000 Tesla vehicles worth $4 billion to build the largest electric rental fleet in North America. The massive purchase pushes Tesla's market cap past $1 trillion and signals a major shift for the recently reorganized rental company.

Waymo Reaches 20 Million Autonomous Miles While Tackling San Francisco Streets

Waymo's self-driving technology reaches a major milestone of 20 million real-world miles as it intensifies testing in the complex environment of San Francisco. The Alphabet subsidiary also expands its autonomous trucking operations with a new hub in Dallas-Fort Worth.

Tesla Engineers Tell California DMV Elon Musk Exaggerates Self-Driving Timeline

Tesla employees admitted to the California DMV that Elon Musk's predictions for achieving full autonomous driving are merely extrapolations, with Level 5 capabilities remaining a long way off. The company currently operates at Level 2, requiring constant human supervision behind the wheel.

Biden Orders Supply Chain Review to Tackle Global Chip Shortage

President Biden signs a new executive order initiating a 100-day review of critical supply chains, focusing heavily on semiconductors. The action aims to address severe global chip shortages that disrupt industries from auto manufacturing to medical supplies.

Tesla Overtakes Toyota to Become World's Most Valuable Automaker

Tesla surpasses Toyota in market capitalization despite producing a fraction of the vehicles, highlighting a massive shift in how investors value the future of electric transportation.

GM Cruise Trims 8% of Workforce Amid Pandemic Pressure on Autonomous Industry

General Motors' self-driving subsidiary Cruise lays off roughly 150 employees as the pandemic intensifies financial struggles across the autonomous vehicle sector. The cuts target non-engineering roles while the company shifts its focus toward core technical development.