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EV Pickups Are a Bust for US Carmakers
Bloomberg Technology· 2025-08-18 19:44
I have to say, I'm following these companies closely. And when you know the unit sales numbers come out every month, I'm shocked to see how small they are for EVs in general. But also the fact that all these companies have tried to get in with pickup trucks first.Why is that. I think when you had announcements from Rivian and Tesla early on that they were going to go with trucks. I think what everybody figured is the US pickup market is so big that even if a small portion of it went electric, you would stil ...
Can-Am Breaks New Ground: Introducing the Outlander Electric, Outlander MAX 6x6, Maverick R X rc, and the First ATV with Semi-Active Suspension
Prnewswire· 2025-08-18 00:00
Core Insights - Can-Am is introducing numerous innovations in its 2026 Off-Road lineup, including the first full-size production electric ATV and advancements in existing models [1][12] - The 2026 Can-Am Outlander Electric is designed for utility and adventure, featuring a modular Rotax E-Power powerpack, delivering 47 hp and 53 lb-ft of torque, with a range of up to 50 miles [1][2] - The Outlander MAX 6x6 is engineered for extreme terrain, featuring a robust chassis and powerful Rotax engine, offering significant towing capacity and off-road performance [3][4] - Can-Am is introducing a semi-active suspension system, Smart-Shox, for the Outlander XT-P and MAX Limited packages, enhancing ride comfort and handling [5][6] - The Maverick R X rc is designed for rock-crawling performance, featuring specialized gear and components for challenging terrains [7][9] - The Maverick X3 receives key refinements, including modernized LED lighting and a 10.25'' Touchscreen Display with built-in GPS, enhancing the rider experience [10][11] Product Innovations - The 2026 Can-Am Outlander Electric features instant throttle response, selectable ride modes, and rapid charging capabilities [1][2] - The Outlander MAX 6x6 includes advanced suspension and drivetrain features for improved performance in rugged conditions [4] - Smart-Shox technology allows for real-time adjustments to suspension settings based on terrain and speed, providing versatility for various riding conditions [5][6] - The Maverick R X rc includes rock-crawling specific features and protective components, making it suitable for extreme off-road challenges [8][9] - The Maverick X3 offers a range of packages tailored to different rider preferences, with enhancements in technology and performance [10][11] Company Overview - BRP Inc. is a global leader in powersports products, with a diverse portfolio including Can-Am vehicles, and reported annual sales of CA$7.8 billion [13]
1 High-Risk, High-Reward EV Stock to Buy, and 1 Money Pit to Avoid
The Motley Fool· 2025-08-17 08:40
Core Insights - The automotive industry is evolving with advancements such as driverless vehicles and software-defined cars, making it an exciting time for investments in electric vehicle (EV) start-ups [2] - Selecting the right EV start-up is crucial for long-term investment success, as the market is highly competitive and risky [1][6] Company Analysis VinFast Auto - VinFast, a Vietnamese EV start-up, is backed by wealthy founder Pham Nhat Vuong and has a strong presence in its home market [3] - The company has invested at least $14 billion from various sources but reported a loss of $3.2 billion in 2024 [4] - VinFast is shifting focus to Asian markets like India and Indonesia due to challenges in entering the U.S. and European markets [4][5] - The company faces intense competition from Chinese EV start-ups that are gaining traction with advanced technology and lower prices [5][6] Lucid Group - Lucid Group, based in California, is also a high-risk, high-reward EV start-up that has begun to establish itself in the U.S. market [8] - The company delivered 3,309 vehicles in Q2, marking its sixth consecutive period of record deliveries, although sales volume remains low compared to competitors [9] - Lucid plans to accelerate production of its new Gravity electric SUV, which is expected to broaden its market reach [10] - A partnership with Uber and Nuro aims to develop a robotaxi service, with Uber planning to deploy over 20,000 Lucid vehicles and investing $300 million in the company [11][12] Industry Outlook - The automotive industry is expected to undergo significant changes in the next decade, with some EV start-ups likely to fail while others may emerge as major players [13] - Lucid shows more potential for growth compared to VinFast, despite both companies facing cash burn and the need for further funding [14]
