Electric Vehicles

"Lucid Motors Sets New Delivery Record in Q2 2024, Signaling Promising Growth in the EV Market | Learn about Lucid's Strategic Pricing Adjustments and Future Model Plans"

Looking for a potential buyer, Fisker plans to sell its remaining inventory of all-electric Ocean SUVs for a significantly lower price. The sale has become contentious in Fisker's bankruptcy proceedings, with concerns about the proceeds going to unsecured lenders. The buyer, American Lease, is a New York-based vehicle leasing company targeting zero-emission fleets. Fisker's lawyers are pushing for expedited approval of the sale to fund vital business expenses. Once completed, Fisker will have no obligation to repair or maintain the vehicles. The outcome of the sale could determine the future of Fisker and its creditors.

Discover the challenges faced by Fisker, the electric vehicle (EV) startup, as it faces dire financial distress. Learn about the company's struggles, failed partnerships, and the initiation of Chapter 11 bankruptcy proceedings. Find out the fate of the unsold Fisker Oceans and the potential impact on creditors. Gain insights into the company's reduced workforce, limited funds, and efforts to offset costs. Explore the uncertainties surrounding Fisker's assets and future operations in the competitive EV market.

Discover the heated battle over Fisker's assets as the electric vehicle startup files for Chapter 11 bankruptcy. Learn about the dispute between the company and Heights Capital Management, its largest secured lender, and the criticisms raised by unsecured creditors. Find out the potential outcomes for Fisker's assets and the returns for its creditors as the case unfolds.

Discover the reasons behind Fisker Inc.'s Chapter 11 bankruptcy filing and learn about the challenges the EV startup faced in bringing its Ocean SUV to market. From software issues to quality problems, find out why the company's lack of preparedness led to its downfall. Explore the impact on employees, customer service, and the future of Fisker's planned products. This cautionary tale serves as a reminder for other EV startups to prioritize all aspects of their business. Read more here.

Discover Ford's ambitious plans in the world of electric vehicles (EVs) as they build a secretive low-cost EV team. With notable hires from Rivian, Tesla, Canoo, Lucid Motors, and Apple's disbanded EV team, Ford is expanding its team to around 300 employees. This expansion is part of Ford's strategy to compete with Tesla and Chinese OEMs. Learn more about Ford's acquisitions, location hubs, and commitment to assembling an expert team in the EV space. With their focus on breakthrough EV products and technologies, Ford aims to become a significant player in the electric vehicle market, delivering competitive and affordable EVs to consumers.

Discover the latest Volkswagen Group news as they reassess their plans for electric vehicles. Learn about their decision to invest in internal combustion engines alongside EVs, aligning with other major automakers. Understand the complexities and challenges of transitioning to a fully electric future, and how automakers are striving to find a balanced approach. Find out how this strategic move reflects their commitment to delivering the best solutions for consumers in an ever-evolving automotive industry.

Discover how Neural Concept, a company spun out from the Swiss Federal Institute of Technology, is using artificial intelligence to help major auto manufacturers compete with Chinese rivals in the electric vehicle market. Their innovative platform allows designers to model component performance before manufacturing, reducing development times by up to 75% and accelerating product simulation by 10 times. With the potential to revolutionize the industry, Neural Concept has secured million in funding and counts industry giants like Airbus and Bosch as customers. Find out how they are transforming the design process and unlocking the potential of electric vehicles.