Automotive aftermarketNews U.S. opens investigation into 580,000 Tesla vehicles over game feature by Engineers Outlook August 18, 2022 by Engineers Outlook August 18, 2022 Tesla’s decision to enable games to be played on the front center touchscreen prompted the US auto safety regulators to start a formal safety investigation into 580,000 Tesla vehicles delivered…
Uncategorized E-scooter sharing firm VOI raises $115 mln, valuation crosses $1 bln by Engineers Outlook August 18, 2022 by Engineers Outlook August 18, 2022 VOI Technology, a Swedish e-scooter firm that operates throughout Europe, announced on Tuesday that it has raised $115 million in funding from Raine Group and VNV Global (VNV.ST), valuing the…
Automotive aftermarketNews Rivian warns supply issues to hit production, shares drop to record low by Engineers Outlook August 18, 2022 by Engineers Outlook August 18, 2022 Rivian Automotive Inc (RIVN.O) shares fell over 15% to a new low on Friday as the electric car maker’s first earnings report as a publicly traded business underlined the obstacles…
Uncategorized Vietnam car company Vingroup starts work on $174 mln EV battery plant by Engineers Outlook August 18, 2022 by Engineers Outlook August 18, 2022 Vingroup (VIC.HM), Vietnam’s largest conglomerate, announced on Sunday that it has begun construction on a $174 million battery cell plant for its VinFast electric vehicle division, allowing the company to…
Manufacturing AnalyticsNews Ford partners with Salesforce to expand software business by Engineers Outlook August 18, 2022 by Engineers Outlook August 18, 2022 Ford Motor Co. (F.N) announced Tuesday that it will collaborate with enterprise software provider Salesforce.com Inc. to establish a new subscription software service geared at small companies (CRM.N). The software…
Automotive aftermarketNews Rivian’s electric van for Amazon raises battery power doubts by Engineers Outlook August 18, 2022 by Engineers Outlook August 18, 2022 The Information reported on Friday that Rivian Automotive Inc’s (RIVN.O) electric vans for e-commerce retailer Amazon.com Inc (AMZN.O) may have a shorter range than originally announced, citing a driver testing…
Uncategorized British electric truck startup Tevva raises $57 mln in funding by Engineers Outlook August 18, 2022 by Engineers Outlook August 18, 2022 Tevva, a British electric truck company, announced on Tuesday that it has raised $57 million in a fresh round of funding to help it ramp up production at its new…
Uncategorized Australia bumps up investment in EV chargers, shuns sales targets by Engineers Outlook August 18, 2022 by Engineers Outlook August 18, 2022 The Australian government offered A$178 million ($132 million) on Tuesday to speed up the installation of hydrogen refueling stations and charging stations for electric vehicles, but no EV rebates or…
Uncategorized E-scooter startup Lime raises $523 mln, eyes going public in 2022 by Engineers Outlook August 18, 2022 by Engineers Outlook August 18, 2022 Lime, an urban mobility firm, announced on Friday that it had secured $523 million from investors to expand production of its latest e-scooters and e-bikes and that the company’s senior…
Uncategorized EV maker Rivian boosts IPO price range, aims for $65 bln valuation by Engineers Outlook August 18, 2022 by Engineers Outlook August 18, 2022 Rivian Automotive, which is backed by Amazon.com Inc (AMZN.O), considerably increased the estimated offer price of its shares on Friday, aiming for a valuation of up to $65 billion in…