Revel shuts down its ride-hail business to focus on EV charging | TechCrunch https://t.co/5gMdOCyF9T ...

Core Insights - Ford is delaying the launch of two major electric vehicles (EVs) to focus on smaller, more affordable models that can generate profit [1][4][9] Group 1: Delays in EV Launches - The next-generation full-size electric pickup, "Project T3," will now debut in 2028, pushed back from the previous target of 2027 and originally planned for this year [2] - The next-generation E-Transit electric van has also been delayed from 2026 to 2028, with production planned at the Ohio Assembly Plant [3] Group 2: Strategic Shift - Ford is shifting its strategy from large, high-priced EVs to a new platform for compact, affordable electric vehicles, including a small pickup truck expected in 2027 [4][9] - CEO Jim Farley highlighted Chinese automakers as key competitors due to their ability to produce stylish, high-quality electric cars at lower prices, prompting Ford to focus on cost reduction through streamlined platforms and lower-cost batteries [5][9] Group 3: Current EV Lineup and Market Position - Ford's current EV lineup, including the Mustang Mach-E, F-150 Lightning, and E-Transit, remains unchanged, but the next-generation models will arrive later than initially planned [6] - Ford's stock has increased approximately 15% over the past year, underperforming General Motors, which gained 24.6%, but outperforming Stellantis, which declined by 38% [8]

Core Insights - Lucid Group, Inc. has recently formed a partnership with Uber Inc., marking a significant step into the electric vehicle (EV) market [1] Company Summary - The partnership with Uber signifies Lucid Group's strategic move to expand its presence in the EV sector, aligning with the growing demand for sustainable transportation solutions [1] Industry Summary - The collaboration highlights the increasing integration of electric vehicles within ride-sharing platforms, reflecting broader trends in the automotive and technology industries [1]

Group 1: Disney and NFL Partnership - The NFL has acquired a 10% stake in ESPN in exchange for distribution rights to the NFL Network and RedZone, among other assets, marking a significant partnership between Disney and the NFL [1][3] - Disney reported a 3% increase in revenue to $23.7 billion, but faced a 15% decline in linear TV, indicating ongoing challenges with cord-cutting [3] - ESPN will now have access to six additional NFL games, increasing its total from 22 to 28, which is expected to enhance its streaming offerings [3][5] Group 2: Streaming Strategy and Market Position - The integration of NFL content into ESPN's streaming service is seen as a strategic move to attract and retain subscribers, especially as Disney bundles its services with Disney Plus and Hulu [6][8] - Disney's streaming revenue is projected to reach $24.7 billion, while Netflix's is at $44.3 billion, with analysts suggesting that Disney Plus could surpass Netflix in subscribers by 2026 [15][22] - The deal positions Disney to create a comprehensive sports platform that could appeal to both casual and hardcore sports fans, potentially boosting advertising revenue through targeted ads [8][11] Group 3: Competitive Landscape - The partnership with the NFL may create challenges for competitors like Fox, Discovery, and Comcast, as they scramble to secure live sports content [4][5] - The NFL's ambition to reach $25 billion in annual revenue by 2027 aligns with Disney's strategy to further monetize its media assets [5] - The deal could lead to a consolidation of sports content on ESPN, making it a primary destination for sports fans and potentially affecting the distribution of other sports leagues [10][11] Group 4: Financial Performance of Other Companies - Rivian reported a $140 million revenue shortfall due to changes in EV tax credits, which may benefit traditional automakers [19][21] - Shopify had a strong quarter with revenue of $2.7 billion, beating analyst expectations, and reported a 31% year-over-year increase in GMV [22][23] - Upstart achieved over 100% revenue growth and originated 159% more loans year-over-year, marking its first GAAP profitable quarter since Q2 of 2022 [24][25]

RT Sawyer Merritt (@SawyerMerritt)NEWS: Italy has approved new subsidies worth almost $700 million for the purchase of EVs. The ministry will offer up to 10,000 euros ($11,650 USD) to individuals and up to 20,000 euros to small firms, covering up to 30% of the total purchase price of a new electric car or commercial vehicle.To qualify, users will be required to scrap an internal combustion vehicle of up to the Euro 5 emission class, dating from 2015 or earlier, the ministry said. ...

Environmental Impact of Road Transport - Road transport accounts for approximately 12% of global greenhouse gas emissions [1] - Globally, new road building projects are estimated to be worth $27 trillion [1] - Europe's highway length increased by 60% between 1995 and 2020, while railways shrank by 65% [3] Challenges and Alternatives - Many regions lack public transport infrastructure to replace private vehicles [2] - The transition to electric vehicles will reduce emissions, but projections indicate that half of cars sold globally will still be fossil fuel-powered by 2035 [2] - Highway expansion's emission reduction benefits are often temporary [3] Sustainable Approaches - Some governments are scrapping road construction programs for sustainability reasons [4] - Some transport departments are reallocating funds to eco-friendly transit projects like faster buses and better bike lanes [4] - Sustainable highway construction includes using recycled concrete and asphalt and employing less heavy machinery [5]

General Motors Co. plans to purchase electric-vehicle batteries from China to power its upcoming entry-level EV until it can procure US-made batteries with South Korea’s LG Energy Solution. https://t.co/JWNUOtBq9w ...

Copper's role in modern technology and electronic infrastructure has increased global consumption to above 25 million metric tonses per year. Metal is now the third most used after iron and aluminum. Much of the demand is driven by electric vehicles, renewable energy, and AIdriven data centers.The price though has been wildly volatile in 2025. New 50% US tariffs announced on July 8th had pushed copper prices to record highs, including a 13% jump in one day, driven by fears of a supply disruption. But on Jul ...

Key Takeaways General Motors (GM) had a strong showing in the EV space last month, led by the Chevrolet Equinox EV. The electric SUV didn't just have its best month ever—it became the top-selling non-Tesla EV in the United States. GM sold more than 19,000 EVs last month, and the Equinox EV accounted for nearly half of that, with over 8,500 units sold. The Equinox EV seems to be hitting all the right notes in terms of range, price and charging. The Equinox EV offers over 315 miles of range, comes with fast-c ...

Financial Highlights - Lucid Group reported second quarter revenue of $259.4 million, an increase from $200.6 million in the same period last year, representing a growth of 29.2% [4][22] - The company delivered 3,309 vehicles in Q2 2025, up 38.2% compared to Q2 2024 [4][7] - Lucid ended the quarter with approximately $4.86 billion in total liquidity [4][7] - The GAAP diluted net loss per share was $(0.28), while the non-GAAP diluted net loss per share was $(0.24) [7][22] Operational Highlights - Lucid produced 3,863 vehicles in Q2 2025 [7] - The production outlook for 2025 has been revised to 18,000 - 20,000 vehicles from the previous guidance of 20,000 vehicles [4][7] - The company announced a robotaxi partnership with Uber and Nuro, which will deploy a minimum of 20,000 Lucid Gravity vehicles equipped with Level 4 autonomy [7] - Lucid expanded its DreamDrive Pro functionality to include Hands-Free Drive Assist and Lane Change Assist [7] Strategic Initiatives - The company introduced Timothée Chalamet as its first global brand ambassador to enhance brand awareness [5][7] - Lucid has initiated discussions to develop new revenue streams for its EV technology [5] - The company has provided access to over 23,500 Tesla Superchargers in North America for all Lucid Air models using a Lucid-approved NACS adapter [7]