Chinese electric carmaker Nio raised roughly $1 billion in its initial public offering Wednesday on the New York Stock Exchange. In August, Nio [NYSE: NIO] announced that it hoped to raise $1.3 billion in its initial public offering. Wednesday's launch around $6 per share fell short of that, but trading jumped Thursday and Friday well above its... Electric carmaker Nio begins trading on NYSE, aims to sell cars in US
Chinese electric carmaker Nio raised roughly $1 billion in its initial public offering Wednesday on the New York Stock Exchange. In August, Nio [NYSE: NIO] announced that it hoped to raise $1.3 billion in its initial public offering. Wednesday's launch around $6 per share fell short of that, but trading jumped Thursday and Friday well above its...
Densely populated cities should consider switching to all-electric truck and bus fleets, elected officials and business leaders agreed this week at the Global Climate Action Summit in San Francisco. The political and manufacturing leaders joined in the "Global Commercial Vehicle Drive to Zero" pledge to focus on electrifying commonly used...
At the Global Climate Action Summit this week in San Francisco, several companies made commitments to reducing climate change. ChargePoint, one of the oldest electric-car charging networks in the U.S., said Wednesday that it aims to complete enough charging stations globally by 2025 to cover 2.5 million parking spots. The commitment does not...
As it did in Hurricane Irma in Florida last year, Tesla has remotely extended the range of some cars for those who need to escape from the path of Hurricane Florence and may not have time charge up more than necessary. The company has also expanded free Supercharging access for cars that didn't come with it. In any natural disaster situation like...
Tesla and the electric car community band together to help owners evacuate as Hurricane Florence barrels toward the East Coast. German authorities uncover collusion among diesel automakers. And Nio begins trading shares publicly. All of this and more on Green Car Reports. Tesla has unlocked a greater electric range for owners of Model S and Model...
New documents revealed in a German investigation into diesel emissions cheating show that German automakers, including Volkswagen, BMW, and Mercedes-Benz may have colluded to limit the amount of emissions-cleaning AdBlue diesel exhaust fluid the cars used. The news was reported by the German newspaper Handelsblatt on Tuesday. The AdBlue urea...
Efforts have begun to help North and South Carolina and Virginia residents who drive electric cars to evacuate Hurricane Florence. Mass evacuations, as well as hurricanes, pose a special challenge for electric cars. Older models still have relatively short ranges, and may require multiple recharges to get far enough away from a hurricane the size...
Aston Martin reveals detailed specifications on its first electric car, the Rapide E. Los Angeles sets targets for electric cars as it prepares to host the 2028 Olympic games. Tesla drops two paint colors for the Model 3 and raises prices for the dual motor all-wheel-drive option. And Chevrolet recalls Volt and Bolt EV models over brake parts. All...
Chevrolet this week recalled three to four months worth of production Bolt EVs and Volt plug-in hybrids over a potential brake issue that could increase stopping distances of the small vehicles. The recall affects 2018-2019 Chevrolet Bolt EV and 2018-2019 Volt models sold in the U.S. and Canada. General Motors' filing with federal regulators...
Led by former Nissan Leaf product planner Andy Palmer, Aston Martin plans to launch a new lineup of electric cars under its Lagonda brand. As a trial balloon, it will launch an electric version of its four-door sports sedan under the Aston Martin brand, the Rapide E. Now the company has released more details about the car beyond its 800-volt...
As Tesla continues to scramble to make the Model 3 profitable in time to begin making big debt payments in November, the company hiked the price of the all-wheel drive option on the car. According to Tesla's online configurator, the price has increased from $5,000 to $6,000. The change was first reported by Electrek on Monday. Buyers interested in...
Los Angeles wants to show the possibilities of zero-emissions transportation when the world arrives on its doorstep for the 2028 Olympics. This week, the Los Angeles City Council revealed its goals for the Games, and took a significant step forward on its Zero Emissions 2028 Roadmap, by naming several partners in the project. The roadmap sets...
The next-generation Audi R8 sports car may go all-electric. BMW plans to drop diesel-powered cars in the United States after this year. A fuel-cell company develops a new hydrogen filling robot. And the results are in from one of our latest Twitter polls. All of this and more on Green Car Reports. Come 2022, the Audi R8 could be an electric car. A...
BMW is the latest automaker to eliminate diesels from its lineup and focus on plug-in hybrids and electric cars. A BMW spokesman told Green Car Reports on Tuesday that it will drop diesels from its lineup for 2019. "We're putting all our eggs in the PHEV basket," said BMW spokesman Alexander Schmuck. BMW currently sells five plug-in hybrid models...
Filling up with hydrogen is not as easy as filling up with gas or plugging in an electric car—at least it's not yet. To make it easier—and importantly, cheaper for businesses—Plug Power, a New York fuel-cell company, has developed a new robotic hydrogen filling station. The system is designed to work in warehouses where...
Increasingly, there's nothing super about a supercar if it's not electric. Last week, British magazine Autocar reported that Audi will make that leap for its next-generation R8 sports car, converting it from a pounding gas-fueled V-10 engine to purely electric power. DON'T MISS: Audi reveals PB18 e-tron concept in Monterey–with moveable...
As electric cars have made inroads in the market, a California study shows they have largely replaced conventional hybrids, not straight-up internal combustion cars. It's an important question, because hybrids were expected to fill the gap, improving efficiency in bigger cars and introducing more conservative buyers to electric driving, as battery...