#automaker-match-funding

#automaker-match-funding

Eclipse Fund VI has raised $720 million for early-stage investments, while Early Growth Fund III has raised $591 million to support companies approaching commercial scale, reflecting a strategic focus on physical industries.

Lucid delivered a remarkably small number of vehicles in Q1, at 3,903. It produced 5,500. The company blamed much of this on a supplier's lack of inventory, which cost it 29 days of disruption.

Together, we developed a high-voltage battery system that unlocks the full potential of the new cylindrical cells in record time, delivering significant improvements in energy, range, and charging performance.

The completion of winter testing for the VW ID EVERY1 not only signifies progress in getting the vehicle to customers but also triggers a $1 billion investment from Volkswagen Group into Rivian.

Terafab will close the gap between today's chip production and the future's demand - a future among the stars. This reflects the ambitious vision behind the project, aiming to meet the growing needs of AI technology.

On average, fuel prices are up almost a dollar per gallon, or 25 percent, according to AAA. For a nation as addicted to the automotive as we are, that's bad news. Except, of course, for electric vehicles.

Honda has slashed the price of the 2026 Prologue by $7,500 across the board, essentially replacing the lost tax incentive and making the crossover a much better deal among its peers.