Asset financiers to the rescue as Bolt plans to sign-up 200,000 new drivers in Africa to meet growing demand for ride-hailing services

Bolt, the Estonian mobility tech company that recently closed a huge round, is planning to onboard an additional 200,000 drivers in Africa this year, as it kicks-off expansion to more cities within its existing markets while keeping up with the growing demand for e-hailing services across the continent. Bolt’s Africa regional director, Paddy Partridge, told […]

Renault Nissan Mitsubishi Alliance confirms plans to build 35 new EVs by 2030

Steve Dent Contributor Steve Dent is an associate editor at Engadget. More posts by this contributor Kia’s EV6 pricing will start at $42,115 when it goes on sale in the coming weeks Report suggests NVIDIA is preparing to walk away from its ARM acquisition The Renault Nissan Mitsubishi Alliance has announced plans to spend $25.8 […]

Lamborghini’s NFT scheme includes real-world space treasures

Lamborghini is dipping its supercar toe into the non-fungible token pool. But unlike the primate-based computer-designed Twitter avatars that have come to represent the NFT community, the automaker is bridging the physical and digital world for its crypto offering. Well, off-world to be exact. The automaker — in partnership with NFT PRO and RM Sotheby’s […]

Tesla closes 2021 on a high note by besting expectations in Q4

U.S. electric vehicle company Tesla reported its fourth-quarter and calendar-year 2021 results this afternoon. In the final three months of 2021, Tesla generated $17.72 billion in revenue, $16.0 billion of which came from its vehicle business. From that total, Tesla’s Q4 saw net income of $2.32 billion and earnings per share of $2.05. On an […]

Baidu’s electric car brand Jidu closes $400M Series A round

Once an industry with long development cycles, the automotive space is being upended by China’s tech giants. One can hardly keep up with all the new electric vehicle brands that come out of the country nowadays. Jidu, an electric carmaking company founded by Baidu and its Chinese auto partner Geely only a year ago, said […]

Daily Crunch: Google dumps FloC plan, proposes new Topics API for ad targeting

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for January 25, 2022! Today our cup overflows with news. There’s simply too much going on to cover in a single newsletter, so I’ve tried to […]

Ford starts production of its new all-electric E-Transit cargo van

Ford has started production of its electric E-Transit cargo vans at its factory in Kansas City, Missouri with the first deliveries expected in the next several weeks, Ford Pro North America general manager Tim Baughman told TechCrunch. Baughman’s comments follow Ford’s announcement earlier this month that it will nearly double production capacity of its upcoming electric […]

GM to invest $7B into four factories as electric pickup truck battle heats up

General Motors said it will invest more than $7 billion in four Michigan factories focused on battery cell and electric truck manufacturing, including a third plant with partner LG Energy Solutions as the company aims to meet ambitious EV production targets. The funding plans, which GM says will create 4,000 new jobs and the retention of […]

Panasonic’s higher-capacity Tesla battery could enter production in 2023

Kris Holt Contributor Share on Twitter Kris Holt is a contributing writer at Engadget. More posts by this contributor The first movie studio in space could be attached to the ISS in 2024 is accepting orders for free rapid tests a day early Panasonic could start mass producing larger-capacity batteries for Tesla as soon […]