NVIDIA (NVDA) & General Motors (GM) announce AI, factory & next-gen vehicle deal
GM is paying NVIDIA an undisclosed sum for the use of its chips in AI training models for in-vehicle hardware and factory design.
Lucid Motors (LCID) Q2 2023 earnings results miss revenue estimates on wider than expected loss
EV manufacturer Lucid Motors (LCID) showed less-than-ideal numbers in its Q2 2023 earnings.
General Motors (GM) achieved goal of producing 50,000 EVs by end of Q2 2023
GM CFO Paul Jacobson said that despite achieving the goal, supply issues have made the company's EV business challenging.
Lordstown Motors (RIDE) files for bankruptcy, sues Foxconn over funding agreement
Lordstown Motors is filing for Chapter 11 bankruptcy and suing Foxconn over allegations that the latter failed to provide agreed funding to the EV manufacturer.
Lordstown Motors (RIDE) halts production & shipments of Endurance EV truck
The company is also recalling 19 of its Endurance pickups due to an electrical connection issue that could result in a loss of propulsion while driving.
General Motors is launching its own energy storage service, GM Energy
GM Energy will offer storage and management services comparable to that of companies like Tesla.