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Is the 2020 SPAC boom an echo of the 2017 ICO craze?

Is the 2020 SPAC boom an echo of the 2017 ICO craze? I wanted to write an essay about Microsoft and TikTok today, because I was effectively a full-time reporter covering the software giant when it hired Satya Nadella in 2014. But, everyone else has already done that and, frankly, there’s a […]

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China’s electric SUV maker Li Auto raises $1.1 billion in U.S. IPO

China’s electric SUV maker Li Auto raises .1 billion in U.S. IPO Trade tensions between China and the U.S. have not stopped Chinese companies from eyeing to list on American stock exchanges. Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 billion through its debut on Nasdaq on Thursday. The Beijing-based […]

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Despite Tesla-led hype, private investment in EV startups appears steady

Despite Tesla-led hype, private investment in EV startups appears steady Earlier today, news broke that Xpeng, a China-based electric vehicle company has raised $500 million, adding to its 2019-era $400 million Series C. The round, a Series C+ investment, brings the company’s capital raised to date to around $2.2 billion. Xpeng’s huge […]

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Tesla surges past $500 on back of analyst upgrade, China momentum

Tesla surges past 0 on back of analyst upgrade, China momentum Today in regular trading, shares of American electric car manufacturer Tesla surged past the $500 mark. Tesla, perhaps the most famous electric vehicle company in the world, has had tumultuous last twelve months on the public markets. The company’s shares have […]

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Mobileye expands its robotaxi footprint with a new deal in South Korea

Mobileye expands its robotaxi footprint with a new deal in South Korea Mobileye announced Tuesday an agreement to test and eventually deploy a robotaxi service in Daegu City, South Korea, the latest example of the company’s strategy to expand beyond its traditional business of supplying automakers with computer vision technology that power […]

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

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 […]

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Nio, Intel’s Mobileye partner to build self-driving electric cars for consumers

Nio, Intel’s Mobileye partner to build self-driving electric cars for consumers Mobileye, the Israeli-based automotive sensor company acquired by Intel in 2017 for $15.3 billion, is partnering with Chinese electric car startup Nio to develop autonomous vehicles that consumers can buy. The companies, which describe this as a “strategic collaboration” aims to […]

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The Station: Volvo evolves, Skip trips and touchscreen tech

The Station: Volvo evolves, Skip trips and touchscreen tech The Station is back for another week of news and analysis on all the ways people and goods move from Point A to Point B — today and in the future. As always, I’m your host Kirsten Korosec, senior reporter at TechCrunch. Portions […]

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Nio electric vehicles sales took a hit as it scrambled to handle battery recall

Nio electric vehicles sales took a hit as it scrambled to handle battery recall Nio delivered just 837 electric vehicles in July, a nearly 38% drop from the previous month that was largely caused by a voluntary recall of its high-performance ES8 SUV. The Chines automotive startup issued a voluntary recall in […]

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Chinese electric carmaker Xpeng says Nio stock swings a ‘good lesson’ for rivals

Chinese electric carmaker Xpeng says Nio stock swings a ‘good lesson’ for rivals Seeing your competitor undergo dramatic changes in fortune can be unnerving as there’s the fear that the same will happen to you. For electric vehicle maker Xpeng, Nio’s period of stock swings is a wakeup call for China’s EV […]

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