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Meet the EV start-up quietly backed by Jeff Bezos

1 week ago | movemnt.net | Grace Dawes

Amazon founder Jeff Bezos has been secretly backing an electric vehicle (EV) start-up based in Michigan, dubbed Slate Auto, according to TechCrunch. The company has been operating quietly since 2022 and is being heavily hyped-up in the media for its impressive backings. Not only does the company have support from Bezos but also covertly raised at least $111 million in a funding round, according to a public filing report.
Lyft goes transatlantic with acquisition of European taxi app

1 week ago | movemnt.net | Grace Dawes

American ride-hailing company Lyft announced it has purchased a European taxi app in a €175 million deal. The acquired company, named FREENOW, was purchased from BMW Group and Mercedes-Benz Mobility. This marks Lyft’s largest expansion outside North America, with the new app opening-up the European taxi market to the American company.
Auto shares jump after Trump hints at tariff exemptions

1 week ago | movemnt.net | Grace Dawes

United States (U.S.) President Donald Trump has insinuated that auto companies could receive exemptions from tariffs, causing carmaker shares to rise. This statement comes after a series of changes on American import duties; Trump announced a 25% import tariff on non-U.S. built autos, then he announced a 10% baseline tariff for all trading partners and eventually called-off all reciprocal tariffs for 90 days.
Lime partners with Redwood materials for end-of-life battery recycling

1 week ago | movemnt.net | Grace Dawes

California-based micromobility company Lime has announced an agreement with sustainable battery recycling and circular materials recovery company Redwood Materials. The partnership will make Redwood the exclusive battery recycling partner for all Lime cities throughout United States, Germany and The Netherlands.
Volkwagen’s Scania acquires bankrupt Northvolt’s battery pack division

1 week ago | movemnt.net | Grace Dawes

Swedish commercial vehicle manufacturer Scania has announced the acquisition of the Industrial Division of Northvolt Systems. The battery maker Northvolt filed for bankruptcy just last month in Sweden, supposedly due to “rising capital costs, geopolitical instability, subsequent supply chain disruptions, and shifts in market demand”. Scania’s purchase includes production capabilities, a research and development centre and a team of approximately 260 employees.
Tesla vehicle deliveries dip by 13% amid Musk’s DOGE fallout

2 weeks ago | movemnt.net | Grace Dawes

In their latest quarterly report, Tesla revealed its global vehicle deliveries had fallen by 13%. The American automaker reported 336,681 deliveries in Q1, despite some analysts estimated the figure to reach closer to 400,000 deliveries. This is the company’s lowest-performing quarter in two years, with deliveries reaching almost 500,000 in Q4 2024.
Canada retaliates with tariffs on US auto imports

2 weeks ago | movemnt.net | Grace Dawes

The Canadian government has hit back at Trump’s recently-announced tariff plan by imposing 25% tariffs on certain vehicle imports from the United States (U.S.)The new tariffs apply to vehicles imported into Canada from the U.S. that are not compliant under the Canada-United States-Mexico Agreement (CUSMA).
British autonomous start-up Wayve makes first deal with carmaker Nissan

2 weeks ago | movemnt.net | Grace Dawes

London-based autonomous driving start-up Wayve has announced it will be installing its software in Nissan vehicles, as part of its first-ever deal with a global carmaker. Nissan’s newly announced “ProPILOT” system technology will reportedly combine the automaker’s Ground Truth Perception technology with Lidar and Wayve AI Driver software. Nissan announced on Thursday the new platform will “set a new standard for autonomous driving with advanced collision avoidance capability”.
UK gov relaxes net-zero emissions goal for British carmakers

2 weeks ago | movemnt.net | Grace Dawes

The UK government has announced it will be relaxing the Zero Emission Vehicle Mandate (ZEV) will be changed to make it easier for industry to upgrade to make electric vehicles. The Zero Emission Vehicle Mandate will be changed to make it easier for the auto industry to stop sales of new petrol and diesel cars by 2030.
Redwood expands into San Francisco with new R&D center

2 weeks ago | movemnt.net | Grace Dawes

Photo: Redwood MaterialsRedwood has been on a fast-moving path: in the past year, they recycled over 20 GWh of lithium-ion batteries—the equivalent of about 250,000 electric vehicles— and opened the first lithium source and nickel “mine” in the U.S. in over a decade and began construction on what will be the US’ first commercial cathode facility.