Category: Electric

BMW axes plans to bring electric iX3 SUV to US
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BMW axes plans to bring electric iX3 SUV to US

BMW will not bring the iX3, the automaker’s first electric crossover, to the U.S., the latest automaker to shift its EV strategy to Europe and China. BMW told Automotive News, the first media outlet to report the change, that at this time, it doesn’t have plans to bring iX3 to the U.S. market. The change…

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The debut of electric pickups signals a new EV era
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The debut of electric pickups signals a new EV era

Several companies rolled out electric pickups in 2019. Tesla’s Cybertruck got most of the attention, but don’t sleep on General Motors and Ford — bringing electric pickups to market is critical for the viability of electric vehicles. Automakers build vehicles around shared components. These platforms, the underpinnings of the vehicles, often live for 10 or…

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The electric scooter wars of 2019
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The electric scooter wars of 2019

Throughout 2019, a number of mobility companies launched in additional markets, while many pulled out of areas that no longer served them. Meanwhile, transportation startups continued to raise more money even as they laid off employees, a sign that industry consolidation has officially begun. In October, Bird raised a $275 million Series D round at…

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GM to release an electric Hummer pickup, per report
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GM to release an electric Hummer pickup, per report

General Motors could be bringing back the Hummer brand. According to this report by The Wall Street Journal, an all-electric Hummer pickup will be sold under the GMC brand and LeBron James is enlisted to help market the vehicle. There are no details about the pickup’s capability, including electric range or seating capacity. The move…

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At CES, Schneider Electric unveils its own upgrade to the traditional fusebox
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At CES, Schneider Electric unveils its own upgrade to the traditional fusebox

As renewable energy and energy efficiency continue to make gains among cost-conscious consumers, more companies are looking at ways to give customers better ways to manage the electricity coming into their homes. At the Consumer Electronics Show in Las Vegas, Schneider Electric unveiled its pitch to homeowners looking for a better power management system with…

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Pyka and its autonomous, electric crop-spraying drone land $11M seed round
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Pyka and its autonomous, electric crop-spraying drone land $11M seed round

Modern agriculture involves fields of mind-boggling size, and spraying them efficiently is a serious operational challenge. Pyka is taking on the largely human-powered spray business with an autonomous winged craft and, crucially, regulatory approval. Just as we’ve seen with DroneSeed, this type of flying is risky for pilots, who must fly very close to the…

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Electric vehicle startup Nio lays off 141 employees at its North American headquarters
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Electric vehicle startup Nio lays off 141 employees at its North American headquarters

Electric vehicle startup Nio is laying off 141 people at its North American headquarters. According to a filing from Employment Development Department of California, the employees at its San Jose office received notice on December 6. Nio, whose global headquarters are in Shanghai, announced last month that it is partnering with Intel’s Mobileye to develop…

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General Electric (GE) Stock’s Decade of Pain May Be Over After Encouraging Q3 Earnings
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General Electric (GE) Stock’s Decade of Pain May Be Over After Encouraging Q3 Earnings

General Electric posted upbeat Q3 earnings. Free cash flow, an efficiency indicator, amounted to $650 million. Improving fundamentals suggest that the stock may have found a bottom. General Electric (NYSE:GE) is surging. The company is slowly becoming an example of how to turn a struggling industrial giant into a powerhouse. GE’s resurgence can be largely…

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