Business

Chinese manufacturing and equipment firm Zoomlion looks set for a breakout year – the company has shipped some 15,000 units with a combined value of approximately 8.5 billion yuan (~1.2B), and we’re barely into March (!).

Polestar just announced the largest product offensive in the company’s history, with plans to bring four new electric vehicles to market in the next three years — including a new SUV and the return of the entry-level Polestar 2!

Just days after eVTOL startup Eve Air Mobility published video of its prototype’s maiden hover flight, the company announced $150 million in new financing to continue developing its vision of the future of flight.

Geely-backed performance EV brand Polestar has had some troubling times in recent months, but its future is looking a whole lot better after the company secured a $600 million loan facility to help it keep on keepin’ on.

File this under “wishful thinking” if you want, but a fresh trademark filing for the Buick Electra name could mean that the storied nameplate is set for a return to US shores.

Electric medium-duty startups Motive and Workhorse have logged millions of miles across their customer fleets — and by joining forces, they’re out to prove, once and for all, that electric vehicles can get the job done.

When Bollinger Motors closed last Friday, there were some who still hoped that better days lay ahead for the electric vehicle startup – but recently revealed internal emails tell a grim story, and it looks like this is really the end.

In a bid to get it above the $1.00/share NASDAQ-required minimum, fledgling EV brand Polestar ($PSNY) is rumored to be considering a 1:30 reverse stock split that could see the per-share price rocket up to nearly $16.

Nobody ever says “this is business” before doing something nice, and the recently reborn Lion Electric company is keeping that streak alive by doing the unthinkable to cut costs: they’re going to void the warranties on hundreds of electric school buses.

UPDATE 01NOV2025: two Lion Electric buses caught fire, now they’re in more trouble.

According to reports from Europe, internal reviews suggest the Volkswagen Group could be more than $11 billion short of the free cash flow it needs to continue operating past 2026. If confirmed, the automaker might be forced to take drastic measures to stay afloat.

Kyle Maki, the Director of Customer Success — Operations at Windrose Technology, took to LinkedIn to announce that the company was 90 days behind on payroll and out of money. Then, he let everyone know exactly who he thought was to blame.

EVgo has secured a massive, $225 million loan facility with five commercial banks in a bid to accelerate its expansion plans and add more than 1,500 new DC fast chargers to America’s EV charging landscape – and they have an option to borrow even more!

Say what you will about Elon Musk, but Tesla has changed the way that millions of people buy cars and, by extension, car insurance. Now, Honda is taking a page from Tesla’s successful playbook and launching its own in-house insurance business. Enter: Honda Insurance Solutions.

Many school districts who used EPA funding to help purchase Lion Electric school buses are now stuck with broken down or unsafe vehicles – but Lion’s new Canadian investors seemingly have no plans to make things right.

Volvo Construction Equipment is a leader in sustainable and battery-powered construction equipment manufacturing, and the company intends to stay in front by spending more than $260 million to expand its global production capacity — starting with a $40 million expansion of its Shippensburg, PA plant in 2026.

With tax refund season behind us and tariff talks taking a back seat to other dystopian headlines, the month of May gave us our first “clean” look at the US car market in 2025 – and the verdict is in: hybrids are leading the charge while EVs are a mixed bag.

Electric truck startup Bollinger Motors seemed to be circling the drain last week, but a fresh investment from Mullen Automotive and a new/old face at the helm means there might be life in the medium-duty EV brand, yet. Here’s what we know, so far.

A new subsidy for electric school buses in Quebec has given flailing electric bus and truck manufacturer Lion Electric a fresh commercial forecast and a raft of fresh pile of real estate cash to swim around in.

A federal court judge in Michigan has placed the once-promising electric truck brand Bollinger Motors’ assets into receivership following claims that the company’s owners still owe its founder, Robert Bollinger, more than $10 million.

UPDATE: Bollinger CEO, Bryan Chambers, says all is not lost.

With EVs charging their batteries faster and faster, retailers’ captive EV audience is vanishing. If they get EV charging wrong, they’ll lose everything – but getting it right means they’ll make tens of thousands. Even more, in fact, than they’re making with gas pumps.

But what does “getting it right” even mean?

Last week, Parker Hannifin launched what they’re calling the industry’s first certified Mobile Electrification Technology Center to train mobile equipment technicians make the transition from conventional diesel engines to modern electric motors.