Your 2-minute EVs & mobility news Recap - Week 6 🚘⚡️

Week 6's Essential EVs & Mobility News in 2 Minutes

Author

Mobility Prof
February 09, 2025

Hi there!

Ready for this week's quick recap? Here we go!

  1. Rivian 🇺🇸 announced that its all-electric commercial van, once exclusive to Amazon 🇺🇸, is now available for orders starting at $79,990.

The Rivian Commercial Van

  1. Saudi Arabia’s PIF 🇸🇦  announced that the King Salman Automotive Cluster 🇸🇦 at KAEC 🇸🇦 will contribute SAR 92 billion ($24.5 billion) to GDP by 2035 and host Ceer 🇸🇦, Lucid Motors 🇺🇸, Hyundai 🇰🇷, and Pirelli 🇮🇹 factories.

  2. Lucid CEO & CTO Peter Rawlinson announced that he wants Lucid 🇺🇸 to be a 20% car company, 80% tech supplier. He said :"Just as there’s an Intel inside your laptop, there’s a Lucid inside a Honda or a Toyota."

An Example of a Lucid Drive Unit

  1. Evergrande New Energy Vehicle 🇨🇳, a Chinese automobile manufacturer, said it struggles to find investors due to a liquidity crisis, focusing limited funds on basic operations after cutting staff to reduce costs.

  2. Ferrari 🇮🇹 announced that its first fully electric car will launch in October this year.

Ferrari EV (Image source: Instagram/derek.photography)

  1. GM 🇺🇸 said it fully acquired Cruise to focus on autonomous tech for personal vehicles, not robotaxis. Super Cruise expansion continues, with 50% staff cuts at Cruise.

GM Super Cruise driver interface

  1. Toyota Motor 🇯🇵 announced that it will create a Shanghai-based 🇨🇳 company to develop Lexus electric vehicles and batteries, with planned production of 100,000 units yearly starting 2027.

  2. Nissan 🇯🇵 announced it ended merger talks with Honda 🇯🇵 after rejecting subsidiary status. The company seeks new partners, including Foxconn 🇹🇼.

Picture from the recent discussions between Nissan and Honda. Source: Reuters video.

  1. Volvo Cars 🇸🇪 announced that it acquired Northvolt's 🇸🇪 50% stake in Novo Energy battery venture for zero cost, while the future of their planned Gothenburg 🇸🇪 battery factory remains uncertain.

  2. SEAT 🇪🇸 announced that it must cut 1,500 jobs and reduce output if the EU does not lower its 20.7% tariff on China-made CUPRA Tavascan EVs by March's end.

The CUPRA Tavascan

That’s all for this week; thanks for reading!

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See you next week,

Mobility Prof

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