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Gotion Abandons $2.4 Billion Michigan Battery Plant After Three Years Of Political Warfare
Michigan

Gotion Abandons $2.4 Billion Michigan Battery Plant After Three Years Of Political Warfare

A Chinese battery giant’s plans to build a massive Michigan manufacturing plant have officially collapsed, with the state now demanding millions back after years of grassroots opposition, Chinese ownership controversies, and Trump administration policy shifts killed what was once touted as Northern Michigan’s largest economic project ever. Gotion Inc. abandoned its $2.4 billion electric vehicle…

Chinese Automaker Claims 808-Mile EV Range With Breakthrough Solid-State Battery
Semi

Chinese Automaker Claims 808-Mile EV Range With Breakthrough Solid-State Battery

Chinese automaker Chery has unveiled a solid-state battery prototype claiming 600 watt-hours per kilogram of energy density—nearly double current lithium-ion technology—that could enable electric vehicles to travel up to 808 miles on a single charge. The announcement positions China’s leading auto exporter ahead of Western rivals in the race to commercialize next-generation battery technology by…

Rivian Spins Out $1B E-Bike and AI Startups to Fund Tech with VC Cash
Rivian

Read Rivian CEO’s Memo On 600+ Layoffs: What He Said—And What He Didn’t

Rivian CEO RJ Scaringe sent an internal memo to employees Thursday announcing the company’s third workforce reduction in four months, cutting roughly 600 jobs as the electric vehicle maker struggles with collapsed post-tax-credit demand. The carefully worded message emphasized “structural adjustments” for the upcoming R2 launch while conspicuously avoiding the financial crisis threatening the comp

Stellantis Posts €20 Billion Net Loss as CEO Filosa Promises Profitability Return That Won't Arrive Until 2027
France

France Demands EU Flexibility As Stellantis Shuts Plants And 350,000 Jobs Hang In Balance

France is pushing the European Union to adopt “flexibility” in implementing stricter CO2 emissions rules for new vehicles, signaling support for its struggling domestic automakers as plant shutdowns and job losses mount. The timing is critical: France’s Finance Ministry announced Thursday that the country wants “technological neutrality” while maintaining the 2035 combustion engine ban, just…

Porsche Macan EV Charges Ahead with Impressive EPA Range and Cutting-Edge Tech
Porsche

Porsche Posts First-Ever Quarterly Loss: $1.1 Billion Wipeout Signals EV Strategy Collapse

Porsche AG just posted the most humiliating quarter in its 77-year history—a €967 million ($1.1 billion) operating loss that marks the luxury automaker’s first quarterly loss since going public in 2022. According to Bloomberg, the sports car manufacturer is hemorrhaging cash as it scrambles to unwind an expensive electric vehicle strategy that spectacularly backfired against…

Ford F-150 Lightning Outpaces Tesla Cybertruck in Q1 2025 EV Pickup Race
Ford

Ford Takes $2 Billion Hit From Supplier Fire as EV Losses Mount to $1.4 Billion

Ford Motor Company expects a profit hit of up to $2 billion after a devastating fire at its key aluminum supplier, overshadowing third-quarter financial results that exceeded Wall Street expectations. The automaker slashed its full-year earnings guidance by up to 41% while its electric vehicle division continues bleeding over $1 billion per quarter. For EV…

Rivian, Lucid Poised to Gain as Trump Tax Bill Ends EV Credits
Rivian

Rivian Pays $250 Million to Settle IPO Fraud Lawsuit as Company Cuts 600 Jobs

Rivian has agreed to pay $250 million to settle a 2022 class-action lawsuit that accused the electric vehicle maker of misleading investors about vehicle pricing during its blockbuster 2021 initial public offering, according to a court filing Thursday. The settlement arrives at a critical juncture for the struggling EV startup. On the same day it…

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