U.S. Department of Energy Backs Rivian with $6.6 Billion Loan for EV Expansion

November 27, 2024 – Yesterday, local time in California, Rivian, the American pure electric vehicle company, announced that the U.S. Department of Energy has conditionally committed to providing a total loan of 6.6billionundertheATVM(AdvancedTechnologyVehiclesManufacturing)program.Thisloan,whichincludes6 billion in principal and $600 million in capitalized interest, is intended to support Rivian’s expansion plans. If finally approved, the loan will…

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Uber Partners with Cruise to Offer Autonomous Car Rides from Next Year

August 23, 2024 – Uber, the popular ride-hailing platform, has announced a multi-year strategic partnership with Cruise, General Motors’ autonomous driving company. This collaboration aims to integrate Cruise’s self-driving cars into the Uber platform. According to the plan, a fleet of Chevrolet Bolt-based autonomous vehicles will be rolled out next year. Once these cars are…

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Revolutionizing Luxury Electric Vehicles: Rolls-Royce Unveils Spectre

May 22, 2023 – In a surprising turn of events, Rolls-Royce customers eagerly awaiting the highly anticipated debut of the Spectre, the luxury automaker’s first electric vehicle, may be faced with a staggering three-year waiting period before they can lay their hands on the coveted vehicle. Torsten Müller-Ötvös, the CEO of Rolls-Royce, made this revelation…

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